SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.003%

Price spread now: Hyperliquid against Lighter RH+0.105%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$6as in the Price arb table

costs, in and out, $10k−$130.134% of the position

Long on Lighter RH Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 7 days−0.099%−$10 · spread now +0.105%, 7d avg +0.029%

Together, before fees−0.110%+ Points / potential airdropLighter RH: Points live · Hyperliquid: Season 2 · farm board−$11 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: Hyperliquid is 0.076% dearer against Lighter RH than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SOL	119.62	0.0096	pay 0.0012% / 1h	52m 10s	$2.2M	$16.9M	25x
Short	Hyperliquid SOL	119.75	0.0100	get 0.0013% / 1h	52m 10s	$725.0M	$410.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Lighter RH. 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 Lighter RHbpFee HyperliquidbpOrdersPrice spread, now +0.105%Rate

Funding earned: $0.84
Price spread: +0.105% → +0.029%: $7.63
Slippage, 4 orders: −$4.38
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$4.9
Costs to cover: 0.134%
Break-even: 47.9 days

Slippage from Lighter RH: live order book, 2 min ago; Hyperliquid: live order book, 12 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 RH live order book, 2 min ago	1.67 bp	1.9 bp −$2	3.0 bp −$30	22.6 bp −$2,257	doesn't fit
Sell Hyperliquid live order book, 12 min ago	0.42 bp	4.9 bp −$5	5.5 bp −$55	8.4 bp −$836	13.2 bp −$6,586

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	119.77	+0.124%	$849	$8K	25x	as long as short
Vest SOL-PERP	−0.0065%	1h	119.65	+0.018%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0052%	1h	119.53	−0.077%	$2.0M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	119.63	+0.003%	$113K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	119.71	+0.072%	$4.9M	$27.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.84	+0.183%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.67	+0.036%	$177K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0020%	1h	119.69	+0.055%	$26.8M	$26.0M	50x	as long as short
ApeX Omni SOLUSDT	+0.0053%	1h	119.48	−0.120%	$1.5M	$6.2M	50x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	119.70	+0.064%	$104K	$157K	20x	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	+0.0071%	8h	119.63	+0.003%	$1.1M	$5.9M	100x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.69	+0.054%	—	$371.6M	—	as long as short
HTX SOL-USDT	+0.0088%	8h	119.54	−0.068%	$232.7M	$45.1M	75x	as long as short
Gate SOL_USDT	+0.0088%	8h	119.66	+0.030%	$872.5M	$673.7M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.64	+0.018%	$13.7M	$55.4M	25x	as long as short
Lighter RH SOLlong	+0.0096%	1h	119.62	long leg	$2.2M	$16.9M	25x
Hibachi SOL/USDT-P	+0.0096%	1h	119.81	+0.159%	$122K	$639K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.61	−0.015%	$354K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	119.67	+0.039%	$8.3M	$419.0M	50x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	119.66	+0.032%	$1.1M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.66	+0.030%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.69	+0.059%	$6.1M	$41.0M	40x	as long as short
Hyperliquid SOLshort	+0.0100%	1h	119.75	+0.105%	$725.0M	$410.1M	20x
Aster SOLUSDT	+0.0100%	8h	119.64	+0.013%	$179.1M	$175.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.71	+0.075%	$12.4M	$119.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.64	+0.013%	$985.9M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.67	+0.039%	$831.8M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.64	+0.013%	$373.5M	$1.73B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.78	+0.130%	$234K	$876K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.70	+0.067%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.35	−0.229%	$133.8M	$7.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.68	+0.047%	$456.4M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.64	+0.016%	$140.1M	$203.6M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.66	+0.031%	$498.3M	$456.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.66	+0.030%	$24.2M	$37.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.52	−0.088%	$27.4M	$128.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.65	+0.022%	$96.1M	$401.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.76	+0.113%	$49.0M	$31.2M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.84	+0.181%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.64	+0.013%	$372K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.65	+0.020%	$203K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.63	+0.003%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.66	+0.033%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.64	+0.013%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.64	+0.013%	$46.7M	$102.5M	50x	as long as short
Aftermath Perps SOLUSD	+0.0100%	1h	119.60	−0.020%	$24K	$47K	20x	as long as short
Phoenix SOL	+0.0100%	1h	119.58	−0.037%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	119.58	−0.035%	$8.7M	$35.9M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0105%	1h	119.66	+0.030%	$32.7M	$97.0M	100x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.66	+0.031%	—	$224.6M	500x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	119.02	−0.505%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0183%	1h	119.63	+0.006%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.81	+0.155%	$52.1M	$84.5M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	119.70	+0.063%	$1.7M	$5.3M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0241% / S −0.0186%	1h	119.66	+0.026%	$3.8M	—	200x	as long as short