SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0465%/8h= −50.9% APRnext payment −$0.58 per $10,000 · paid last 24h −0.035%

Price spread now: Lighter against RISEx−0.106%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$90.093% of the position

Long on RISEx Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.101%−$10 on $10k

Price spread, last 7 days+0.117%+$12 · spread now −0.106%, 7d avg +0.006%

Together, before fees+0.016%+ Points / potential airdropLighter: Season 3 · farm board+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Lighter is 0.112% cheaper against RISEx than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.006%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.101% in total (about -10.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.58 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx SOL/USDC	116.80	0.0561	pay 0.0070% / 1h	20m 14s	$1.9M	$4.8M	20x
Short	Lighter SOL	116.67	0.0096	get 0.0012% / 1h	20m 14s	$13.1M	$60.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against RISEx. 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 RISExbpFee LighterbpOrdersPrice spread, now −0.106%Rate

Funding earned: −$97.64
Price spread: −0.106% → +0.006%: −$11.19
Slippage, 4 orders: −$3.32
Fee RISEx: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$118.16
Costs to cover: 0.093%
Break-even: never at this rate

Slippage from RISEx: live order book, 4 min ago; Lighter: 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 RISEx live order book, 4 min ago	0.04 bp	3.0 bp −$3	6.5 bp −$65	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	0.17 bp	0.6 bp −$1	1.7 bp −$17	7.2 bp −$722	20.1 bp −$10.1K

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
Hibachi SOL/USDT-P	−0.0200%	1h	116.67	−0.109%	$105K	$703K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0193%	1h	116.72	−0.064%	$31.2M	$101.8M	100x	as long as short
Vest SOL-PERP	−0.0101%	1h	116.64	−0.135%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.65	−0.125%	$1K	$8K	25x	as long as short
Bybit SOLUSDT	−0.0031%	8h	116.57	−0.192%	$755.2M	$1.39B	100x	as long as short
Derive SOL-PERP	−0.0030%	1h	116.64	−0.134%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.72	−0.066%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.64	−0.129%	$1.4M	$19.1M	3.1x	as long as short
dYdX SOL-USD	+0.0013%	1h	116.70	−0.082%	$4.4M	$24.2M	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.70	−0.084%	$7.6M	$405.7M	50x	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	+0.0064%	1h	116.75	−0.039%	$99K	$175K	20x	as long as short
Bullet SOL-USD	+0.0071%	1h	116.69	−0.090%	$147K	$1.6M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0094%	8h	116.73	−0.056%	$1.0M	$5.9M	100x	as long as short
Lighter SOLshort	+0.0096%	1h	116.67	−0.106%	$13.1M	$60.4M	25x
Lighter RH SOL	+0.0096%	1h	116.67	−0.107%	$2.2M	$16.8M	25x	as long as short
Bitget SOLUSDT	+0.0096%	8h	116.68	−0.098%	$481.5M	$446.1M	100x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.70	−0.078%	$351K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.68	−0.099%	$61K	$896K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.79	−0.008%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.70	−0.085%	$5.4M	$40.3M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.83	+0.027%	$703.9M	$395.2M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.67	−0.107%	$174.8M	$183.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.75	−0.038%	$15.8M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.67	−0.110%	$973.2M	$3.82B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.72	−0.065%	$368.4M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.67	−0.108%	$228K	$838K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.78	−0.014%	$921K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	−0.294%	$133.0M	$16.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.72	−0.065%	$855.8M	$665.7M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.71	−0.074%	$366.1M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.72	−0.065%	$129.1M	$223.6M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.69	−0.095%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.63	−0.142%	$23.0M	$40.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.56	−0.198%	$24.4M	$113.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.46	−0.289%	$93.5M	$400.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.45	−0.296%	$47.6M	$30.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.49	−0.259%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.65	−0.125%	$1.3M	$12.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.70	−0.082%	$321K	$2.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.72	−0.066%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.70	−0.080%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.70	−0.082%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.68	−0.099%	$226.2M	$48.2M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.71	−0.074%	$45.5M	$103.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.66	−0.119%	$8.2M	$37.7M	50x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.70	−0.082%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.61	−0.163%	—	$235.6M	500x	as long as short
Phoenix SOL	+0.0151%	1h	116.58	−0.185%	$6.5M	$13.8M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0175%	1h	116.77	−0.024%	$26.3M	$23.3M	50x	as long as short
Reya SOLRUSDPERP	+0.0191%	1h	116.70	−0.081%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.66	−0.116%	$52.0M	$67.3M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.71	−0.071%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.72	−0.066%	$138K	$3.7M	8.3x	as long as short
RISEx SOL/USDClong	+0.0561%	1h	116.80	long leg	$1.9M	$4.8M	20x
Aftermath Perps SOLUSD	+0.0567%	1h	116.69	−0.094%	$25K	$51K	20x	as long as short