Funding Rates › Funding rate heatmap › SOL funding rate
Solana (SOL) Funding Rate
Solana funding is shaped by retail leverage and memecoin cycles more than by institutional basis trading.
Live cross-venue comparison — 2026-10-20T09:41:12.849Z UTC · 10 venues
As of 2026-10-20 09:41 UTC, SOL funding ranged from -0.0096% to 0.0100% per 8h across 9 venues (median 0.0000%).
Positive = longs pay shorts (red). Negative = shorts pay longs (green).
Solana (SOL) funding summary
Solana (SOL) is listed on 10 venues in the latest snapshot (2026-10-20T09:41:12.849Z UTC). 4 of 9 venues positive (longs pay), 3 negative (shorts pay), 2 at zero.
- Venues listing
- 109 used in statistics
- Median 8h rate
- 0.0000%0.0000% APR
- Highest 8h rate
- 0.0100%edgeX · 10.9500% APR
- Lowest 8h rate
- -0.0096%Lighter · -10.5120% APR
- Max spread (8h)
- 0.0196%21.4620% APR-equivalent
- Positive / negative
- 4 / 32 at zero
Statistics use one value per venue (the median if a venue lists several contracts), skip closed markets, GMX (pool-skew funding with a separate borrowing fee) and LeverUp markets routed to Hyperliquid (they would double count Hyperliquid). Every row is still shown in the table below.
Solana (SOL) funding rates by venue
Every SOL market in the latest snapshot, highest 8h rate first. Rate per interval is the amount paid at each settlement; 1h, 8h and APR are normalised so venues with different intervals compare directly. See the Hyperliquid funding rates page for core and HIP-3 markets.
| Venue | Venue symbol | Rate / interval | 1h | 8h | APR | Interval | Next funding | Mark price | Market open |
|---|---|---|---|---|---|---|---|---|---|
| GMX | SOL/USD [SOL-USDC] | 0.0019% | 0.0019% | 0.0156% | 17.0462% | 1h | — | — | open |
| edgeX | SOLUSDC | 0.0050% | 0.0013% | 0.0100% | 10.9500% | 4h | — | — | open |
| Binance | SOL | 0.0073% | 0.0009% | 0.0073% | 7.9607% | 8h | in 6h | — | open |
| Aster | SOLUSDT | 0.0063% | 0.0008% | 0.0063% | 6.8470% | 8h | in 6h | — | open |
| OKX | SOL-USDT-SWAP | 0.0041% | 0.0005% | 0.0041% | 4.5056% | 8h | in 14h | — | open |
| dYdX | SOL-USD | 0.0000% | 0.0000% | 0.0000% | 0.0000% | 1h | in 18m | $103.85 | open |
| Aster | SOLUSD | 0.0000% | 0.0000% | 0.0000% | 0.0000% | 8h | in 6h | — | open |
| LeverUp (pool) | SOL | 0.0000% | 0.0000% | 0.0000% | 0.0000% | 1h | — | — | open |
| Hyperliquid | SOL | -0.0003% | -0.0003% | -0.0028% | -3.0135% | 1h | in 18m | $103.93 | open |
| Bybit | SOL | -0.0090% | -0.0011% | -0.0090% | -9.8419% | 8h | in 6h | — | open |
| Lighter | SOL | -0.0012% | -0.0012% | -0.0096% | -10.5120% | 1h | — | — | open |
What does Solana (SOL) funding cost?
Worked example for a $10,000 long held for 1 day and 7 days, using each rate from the table above as if it stayed constant (it will not). Funding is charged on notional, not margin.
| Scenario | 8h rate | 1 day | 7 days |
|---|---|---|---|
| Median (9 venues) | 0.0000% | $0.00 | $0.00 |
| Highest: edgeX | 0.0100% | $3.00 paid | $21.00 paid |
| Lowest: Lighter | -0.0096% | $2.88 received | $20.16 received |
Cross-venue spread idea
In principle a trader could go long where funding is lowest (Lighter) and short where it is highest (edgeX) and collect the difference. At the current rates, $10,000 on each side would be a net $5.88 received per day before costs.
Caveat: this is an illustration, not advice. Real results depend on trading fees, price basis between the two contracts, different settlement intervals (a rate can change before you are paid), margin on both venues, liquidation risk on either leg, and funding changing sign. The funding rate arbitrage scanner ranks these gaps across every asset and explains the risks.
Try your own size and hold time in the funding rate calculator with SOL preselected. To estimate liquidation price and margin for the same position, use the Crypto Leverage Calculator.
Solana (SOL) funding history
Rolling hourly summary of the cross-venue 8h rate (median across venues, plus the lowest and highest venue reading in each sample). History is still building (3 hourly samples since 2026-10-20 07:00 UTC), so the 24h and 7d rows cover less than their full window.
| Window | Samples | Avg median 8h | Lowest venue 8h | Highest venue 8h | Avg median APR |
|---|---|---|---|---|---|
| Last 24h | 3 | 0.0047% | -0.0082% | 0.0100% | 5.1760% |
| Last 7d | 3 | 0.0047% | -0.0082% | 0.0100% | 5.1760% |
What drives Solana (SOL) funding rates
Solana is the main settlement layer for memecoin trading, and that gives SOL perps a distinctive funding profile. When memecoin activity heats up, traders buy SOL to fund new positions and many also lever up through perps, so funding can stay elevated for long stretches. When the same activity dries up, positioning unwinds quickly and funding can drop toward zero or negative within days.
Compared with Bitcoin and Ether, SOL has a smaller pool of basis-trade capital to pull funding back to baseline, so dispersion between venues is usually wider. A venue with a retail-heavy user base can show noticeably higher funding than a market-maker-dominated order book listing the same contract, and that gap is exactly what the spread statistics on this page measure.
SOL also reacts to ecosystem news: network outages or congestion, token unlock schedules, ETF and institutional-product headlines, and large exchange listings. These tend to produce short bursts of one-sided positioning that show up as funding spikes lasting a few settlement periods.
As with every coin, the venue's settlement interval matters. Hourly venues see rate changes sooner, while 8-hour venues average the premium over a longer window. Use the normalised 8h and APR columns for a fair comparison.
Where SOL is listed
SOL is listed across centralised exchanges and nearly all on-chain perp venues. Differences in user mix between venues can widen the cross-venue gap.
LeverUp also lists SOL: its on-chain pool market charges a funding rate plus a per-side holding fee, so long and short costs differ. Trade SOL on LeverUp.
What to watch
What to watch: funding that rises together with memecoin trading volume on Solana, and sharp drops after liquidation cascades. Persistent venue gaps are worth a look, but check fees, margin rules and settlement intervals before treating them as opportunities.
Solana (SOL) funding rate FAQ
What is the current SOL funding rate?
At 2026-10-20T09:41:12.849Z UTC the median SOL funding rate across 9 venues is 0.0000% per 8 hours (0.0000% APR), ranging from -0.0096% on Lighter to 0.0100% on edgeX. Positive means longs pay shorts.
What drives Solana funding rates?
Retail leverage, memecoin trading activity on Solana, token unlock and ETF headlines, and general altcoin risk appetite.
Why is SOL funding more volatile than BTC funding?
Less basis-trade capital and a more retail-heavy user base mean one-sided positioning persists longer before arbitrage pulls the rate back.
Is high SOL funding a sell signal?
Not by itself. High positive funding shows crowded longs and costly leverage, but trends can continue while funding stays high.