SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.041%

Price spread now: dYdX against Lighter+0.020%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$200.200% of the position

Long on Lighter Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.118%−$12 on $10k

Price spread, last 7 days−0.011%−$1 · spread now +0.020%, 7d avg −0.016%

Together, before fees−0.129%+ Points / potential airdropLighter: Season 3 · farm board−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.036% dearer against Lighter than usual: you sell high and buy low (spread +0.020% now, against its 7-day average of −0.016%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SOL	117.96	0.0096	pay 0.0012% / 1h	10m 27s	$13.2M	$60.0M	25x
Short	dYdX SOL-USD	117.99	0	get 0.0000% / 1h	10m 27s	$4.5M	$24.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Lighter. 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 LighterbpFee dYdXbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$20.16
Price spread: +0.020% → −0.016%: $3.57
Slippage, 4 orders: −$10.05
Fee Lighter: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$36.64
Costs to cover: 0.200%
Break-even: never at this rate

Slippage from Lighter: live order book, 4 min ago; dYdX: live order book, 4 min ago.

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 Lighter live order book, 4 min ago	0.51 bp	1.3 bp −$1	2.3 bp −$23	6.3 bp −$627	20.2 bp −$10.1K
Sell dYdX live order book, 4 min ago	2.55 bp	7.5 bp −$8	10.9 bp −$109	18.0 bp −$1,799	29.6 bp −$14.8K

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
Hotstuff SOL-PERP	−0.0080%	1h	118.00	+0.027%	$923	$8K	25x	as long as short
Bluefin SOL-PERP	−0.0079%	1h	117.88	−0.070%	$25K	$28K	25x	as long as short
Vest SOL-PERP	−0.0071%	1h	117.82	−0.121%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.93	−0.030%	$31.6M	$98.8M	100x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.82	−0.121%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.87	−0.079%	$57K	—	150x	as long as short
dYdX SOL-USDshort	0.0000%	1h	117.99	+0.020%	$4.5M	$24.1M	20x
Hibachi SOL/USDT-P	+0.0032%	1h	117.86	−0.087%	$105K	$696K	20x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	118.00	+0.031%	$100K	$165K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.95	−0.012%	$7.9M	$404.9M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0090%	8h	117.91	−0.043%	$1.0M	$5.8M	100x	as long as short
Lighter SOLlong	+0.0096%	1h	117.96	long leg	$13.2M	$60.0M	25x
Lighter RH SOL	+0.0096%	1h	117.95	−0.008%	$2.1M	$16.3M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.92	−0.036%	$346K	$226K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.97	+0.006%	$54K	$852K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.01	+0.039%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.95	−0.007%	$5.8M	$38.8M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.94	−0.020%	$177.6M	$180.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.99	+0.024%	$14.5M	$128.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.98	+0.014%	$972.6M	$3.72B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.00	+0.033%	$832.0M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.95	−0.011%	$366.8M	$1.64B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.91	−0.045%	$234K	$864K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.99	+0.025%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.96	+0.001%	$136.3M	$17.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.95	−0.011%	$860.2M	$654.6M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.96	−0.003%	$425.9M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.97	+0.004%	$131.0M	$213.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.88	−0.073%	$488.6M	$431.5M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	117.98	+0.016%	—	$363.3M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.93	−0.028%	$23.7M	$37.3M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.77	−0.162%	$24.4M	$114.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.84	−0.107%	$94.6M	$391.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.69	−0.233%	$48.2M	$28.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.83	−0.113%	$1.7M	$6.0M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.80	−0.138%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.91	−0.045%	$353K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.84	−0.100%	$200K	$1.6M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.90	−0.053%	$192K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.91	−0.045%	$6.2M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	117.81	−0.132%	$228.8M	$45.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.92	−0.036%	$46.0M	$100.5M	50x	as long as short
Kalshi KXSOLPERP	+0.0102%	8h	117.81	−0.130%	$1.4M	$19.3M	3.1x	as long as short
Extended SOL-USD	+0.0104%	1h	117.95	−0.011%	$8.2M	$36.1M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0109%	1h	117.97	+0.005%	$26.5M	$24.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.69	−0.228%	—	$215.6M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.89	−0.062%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	118.06	+0.080%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0175%	1h	118.08	+0.099%	$722.5M	$390.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.84	−0.107%	$1.1M	$537K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.49	−0.401%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.85	−0.096%	$52.0M	$71.6M	125x	as long as short
Perpl SOL	+0.0223%	43m	117.81	−0.127%	$127K	$3.8M	8.3x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.84	−0.101%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0416%	1h	117.89	−0.058%	$25K	$52K	20x	as long as short