SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0069%/8h= −7.6% APRnext payment −$0.09 per $10,000 · paid last 24h −0.029%

Price spread now: Lighter against GMX+0.045%7-day average −0.028% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.120%−$12 on $10k

Price spread, last 3 days (all we have)−0.049%−$5 · spread now +0.045%, 7d avg −0.028%

Together, before fees−0.169%+ Points / potential airdropLighter: Season 3 · farm board−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.073% dearer against GMX than usual: you sell high and buy low (spread +0.045% now, against its 7-day average of −0.028%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SOL/USD [SOL-USDC]	118.88	L +0.0165% / S −0.0081%	pay 0.0021% / 1h	34m 44s	$3.7M	—	200x
Short	Lighter SOL	118.93	0.0096	get 0.0012% / 1h	34m 44s	$14.2M	$55.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee LighterbpOrdersPrice spread, now +0.045%Rate

Funding earned: −$14.53
Price spread: +0.045% → −0.028%: $7.26
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$19.27
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Lighter: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy GMX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 4 min ago	0.04 bp	0.0 bp $0	1.4 bp −$14	5.9 bp −$588	21.8 bp −$10.9K

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SOL on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bluefin SOL-PERP	−0.0214%	1h	118.90	+0.014%	$37K	$17K	25x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.96	+0.068%	$843	$8K	25x	as long as short
Vest SOL-PERP	−0.0076%	1h	118.86	−0.013%	—	$608K	20x	as long as short
Derive SOL-PERP	−0.0062%	1h	118.81	−0.061%	$2.0M	$2.7M	13x	as long as short
HTX SOL-USDT	−0.0040%	8h	118.80	−0.064%	$231.5M	$44.0M	75x	as long as short
dYdX SOL-USD	−0.0020%	1h	118.98	+0.085%	$5.0M	$25.7M	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	118.88	+0.003%	$32.4M	$96.7M	100x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.90	+0.017%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.02	+0.119%	$1.2M	$20.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.92	+0.037%	$154K	$3.9M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0040%	1h	119.02	+0.118%	$104K	$159K	20x	as long as short
Hibachi SOL/USDT-P	+0.0064%	1h	119.04	+0.136%	$102K	$656K	20x	as long as short
Phemex SOLUSDT	+0.0065%	8h	118.88	0.000%	$46.6M	$100.5M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0077%	1h	118.94	+0.048%	$26.6M	$24.8M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	118.90	+0.016%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0081%	8h	118.89	+0.010%	$1.0M	$5.9M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	118.91	+0.022%	$8.1M	$411.1M	50x	as long as short
Lighter SOLshort	+0.0096%	1h	118.93	+0.045%	$14.2M	$55.8M	25x
Lighter RH SOL	+0.0096%	1h	118.95	+0.064%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.89	+0.012%	$348K	$248K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.95	+0.062%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.98	+0.085%	$47K	$779K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.92	+0.038%	$5.8M	$41.1M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.93	+0.042%	$178.9M	$176.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.99	+0.092%	$12.2M	$123.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.94	+0.051%	$979.2M	$3.76B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.96	+0.069%	$823.6M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.96	+0.068%	$371.1M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.95	+0.059%	$233K	$852K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.97	+0.078%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.80	−0.067%	$134.2M	$6.7M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	118.94	+0.051%	$859.6M	$664.0M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.94	+0.051%	$428.4M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.96	+0.067%	$138.2M	$202.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.94	+0.048%	$493.7M	$441.3M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.91	+0.026%	$24.2M	$37.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.01	+0.107%	$27.0M	$128.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.90	+0.021%	$95.5M	$404.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.81	−0.057%	$48.7M	$29.6M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.01	+0.109%	$1.5M	$6.1M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	118.98	+0.085%	$1.4M	$13.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.86	−0.016%	$358K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.86	−0.012%	$201K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.94	+0.051%	$193K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.88	0.000%	$6.3M	$10.8M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	118.94	+0.052%	$8.6M	$35.2M	50x	as long as short
Hyperliquid SOL	+0.0104%	1h	119.03	+0.127%	$721.4M	$399.1M	20x	as long as short
Phoenix SOL	+0.0114%	1h	118.97	+0.076%	$6.6M	$13.6M	25x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.88	+0.002%	—	$220.1M	500x	as long as short
RISEx SOL/USDC	+0.0161%	1h	119.00	+0.102%	$1.8M	$4.6M	20x	as long as short
GMX SOL/USD [SOL-USDC]long	L +0.0165% / S −0.0081%	1h	118.88	long leg	$3.7M	—	200x
Injective SOL/USDC PERP	+0.0173%	1h	118.66	−0.185%	$4K	$2K	12x	as long as short
Aftermath Perps SOLUSD	+0.0173%	1h	118.91	+0.028%	$25K	$50K	20x	as long as short
Reya SOLRUSDPERP	+0.0186%	1h	118.84	−0.030%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.85	−0.025%	$51.7M	$77.5M	125x	as long as short