Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.002%
Price spread now: Phemex against Lighter+0.034%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$170.171% of the position
Funding, last 7 days−0.029%−$3 on $10k
+Price spread, last 3 days (all we have)−0.115%−$12 · spread now +0.034%, 7d avg −0.006%
=Together, before fees−0.145%+ Points / potential airdropLighter: Season 3 · farm board−$14 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.040% dearer against Lighter than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.006%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SOL | 118.59 | 0.0096 | pay 0.0012% / 1h | 54m 45s | $14.0M | $55.3M | 25x |
| Short | Phemex SOLUSDT | 118.63 | 0.0100 | get 0.0100% / 8h | 7h 54m | $46.5M | $102.3M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.84
- Price spread: +0.034% → −0.006%
- $3.99
- Slippage, 4 orders
- −$5.08
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$12.25
- Costs to cover
- 0.171%
- Break-even
- 109.1 days
Slippage from Lighter: live order book, 14 min ago; Phemex: 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, 14 min ago | 0.04 bp | 2.4 bp −$2 | 2.8 bp −$28 | 6.9 bp −$690 | 19.8 bp −$9,895 |
| Sell Phemex live order book, 4 min ago | 0.84 bp | 7.7 bp −$8 | 7.7 bp −$77 | 19.0 bp −$1,902 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni SOLUSDT | −0.0156% | 1h | 118.82 | +0.195% | $1.5M | $6.1M | 50x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 118.70 | +0.094% | $842 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0079% | 1h | 118.59 | 0.000% | — | $723K | 20x | as long as short |
| Gate SOL_USDT | −0.0067% | 8h | 118.74 | +0.126% | $860.7M | $658.4M | 100x | as long as short |
| Derive SOL-PERP | −0.0062% | 1h | 118.50 | −0.079% | $2.0M | $2.8M | 13x | as long as short |
| dYdX SOL-USD | −0.0023% | 1h | 118.74 | +0.129% | $4.9M | $28.0M | 20x | as long as short |
| Kraken Futures PF_SOLUSD | −0.0014% | 1h | 118.63 | +0.032% | $32.5M | $97.0M | 100x | as long as short |
| gTrade (Gains Network) SOL/USD | L 0.0000% / S +0.0004% | 1h | 118.58 | −0.008% | $55K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 118.60 | +0.006% | $1.2M | $20.7M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 118.61 | +0.019% | $174K | $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 | 118.60 | +0.008% | $103K | $159K | 20x | as long as short |
| Orderly PERP_SOL_USDC | +0.0078% | 8h | 118.59 | +0.002% | $1.0M | $5.9M | 100x | as long as short |
| BingX SOL-USDT | +0.0080% | 8h | 118.70 | +0.094% | — | $370.2M | — | as long as short |
| Hibachi SOL/USDT-P | +0.0080% | 1h | 118.76 | +0.142% | $121K | $642K | 20x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0083% | 1h | 118.63 | +0.037% | $26.6M | $25.3M | 50x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0088% | 1h | 118.62 | +0.028% | $8.1M | $415.4M | 50x | as long as short |
| Lighter SOLlong | +0.0096% | 1h | 118.59 | long leg | $14.0M | $55.3M | 25x | |
| Lighter RH SOL | +0.0096% | 1h | 118.59 | 0.000% | $2.1M | $16.5M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 118.60 | +0.007% | $348K | $622K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0100% | 8h | 118.64 | +0.041% | $1.0M | $520K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 118.57 | −0.017% | $45K | $797K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 118.66 | +0.059% | $5.8M | $41.0M | 40x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 118.72 | +0.110% | $178.6M | $177.3M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 118.70 | +0.096% | $12.2M | $122.9M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 118.71 | +0.103% | $978.3M | $3.82B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 118.72 | +0.105% | $823.2M | $1.28B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 118.68 | +0.076% | $370.7M | $1.71B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 118.58 | −0.008% | $231K | $876K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 118.64 | +0.040% | $1.9M | $9.1M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 118.81 | +0.189% | $133.9M | $4.4M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 118.73 | +0.118% | $428.8M | $1.11B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 118.73 | +0.121% | $138.0M | $207.1M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 118.67 | +0.067% | $492.4M | $457.6M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 118.68 | +0.076% | $24.1M | $38.5M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 118.86 | +0.227% | $27.1M | $128.7M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 118.81 | +0.182% | $95.4M | $403.1M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 118.86 | +0.224% | $48.7M | $30.5M | 20x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 118.77 | +0.152% | $1.4M | $13.7M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 118.58 | −0.008% | $357K | $2.5M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 118.57 | −0.016% | $202K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 118.57 | −0.014% | $37K | $17K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 118.65 | +0.049% | $193K | $1.9M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 118.59 | 0.000% | $6.2M | $10.8M | 20x | as long as short |
| HTX SOL-USDT | +0.0100% | 8h | 118.52 | −0.057% | $230.7M | $45.0M | 75x | as long as short |
| Phemex SOLUSDTshort | +0.0100% | 8h | 118.63 | +0.034% | $46.5M | $102.3M | 50x | |
| Phoenix SOL | +0.0100% | 1h | 118.80 | +0.177% | $6.6M | $13.6M | 25x | as long as short |
| Hyperliquid SOL | +0.0102% | 1h | 118.79 | +0.169% | $719.5M | $403.1M | 20x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 118.70 | +0.091% | $8.7M | $36.0M | 50x | as long as short |
| Aftermath Perps SOLUSD | +0.0117% | 1h | 118.79 | +0.169% | $24K | $47K | 20x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 118.73 | +0.119% | — | $224.7M | 500x | as long as short |
| RISEx SOL/USDC | +0.0161% | 1h | 118.58 | −0.012% | $1.8M | $4.8M | 20x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0166% / S −0.0084% | 1h | 118.58 | −0.012% | $3.5M | — | 200x | as long as short |
| Injective SOL/USDC PERP | +0.0173% | 1h | 118.66 | +0.059% | $4K | $2K | 12x | as long as short |
| Reya SOLRUSDPERP | +0.0185% | 1h | 118.56 | −0.025% | $1.1M | $531K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 118.63 | +0.034% | $51.7M | $80.0M | 125x | as long as short |
Lighter SOL
Phemex SOLUSDT
ApeX Omni SOLUSDT
Gate SOL_USDT
Derive SOL-PERP
Kraken Futures PF_SOLUSD
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
01 Exchange SOLUSD
BingX SOL-USDT
Deribit SOL_USDC-PERPETUAL
Coinbase International SOL-PERP-INTX
Lighter RH SOL
Paradex SOL-USD-PERP
Katana Perps SOL-USD
Aster SOLUSDT
Pacifica SOL
Binance SOLUSDT
Bybit SOLUSDT
OKX SOL-USDT-SWAP
Bulk SOL-USD
MEXC SOL_USDT
KuCoin SOLUSDTM
Bitget SOLUSDT
Backpack SOL_USDC_PERP
Variational Omni SOL
edgeX SOLUSDC
GRVT SOL_USDT_Perp
StandX SOL-USD
Polymarket Perps SOL-USD
Bullet SOL-USD
Bluefin SOL-PERP
SunX SOL-USDT
SoDEX SOL-USD
HTX SOL-USDT
Phoenix SOL
Hyperliquid SOL
Extended SOL-USD
Aftermath Perps SOLUSD
RISEx SOL/USDC
GMX SOL/USD [SOL-USDC]
Injective SOL/USDC PERP
BloFin SOL-USDT