SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0276%/8h= −30.2% APRnext payment −$0.34 per $10,000 · paid last 24h +0.053%

Price spread now: Hibachi against Bullet+0.046%7-day average +0.026% · you sell dearer than you buy

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−$230.226% of the position

Long on Bullet Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.025%+$2 on $10k

Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.046%, 7d avg +0.026%

Together, before fees−0.016%+ Points / potential airdropHibachi: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Hibachi is 0.020% dearer against Bullet than usual: you sell high and buy low (spread +0.046% now, against its 7-day average of +0.026%): +$2 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 6 hours.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.025% in total (about 2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.34 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	Bullet SOL-USD	116.65	0.0100	pay 0.0013% / 1h	57m 16s	$148K	$1.6M	20x
Short	Hibachi SOL/USDT-P	116.71	−0.0176	pay 0.0022% / 1h	57m 16s	$103K	$698K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Bullet. 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 BulletbpFee HibachibpOrdersPrice spread, now +0.046%Rate

Funding earned: −$57.96
Price spread: +0.046% → +0.026%: $2.05
Slippage, 4 orders: −$5.58
Fee Bullet: 4 bp × 2 orders: −$8
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$78.49
Costs to cover: 0.226%
Break-even: never at this rate

Slippage from Bullet: live order book, 2 min ago; Hibachi: live order book, 62 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 Bullet live order book, 2 min ago	0.21 bp	5.2 bp −$5	9.6 bp −$96	doesn't fit	doesn't fit
Sell Hibachi live order book, 62 min ago	1.03 bp	5.5 bp −$6	27.6 bp −$276	doesn't fit	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
Kraken Futures PF_SOLUSD	−0.0193%	1h	116.66	+0.003%	$30.9M	$100.3M	100x	as long as short
Hibachi SOL/USDT-Pshort	−0.0176%	1h	116.71	+0.046%	$103K	$698K	20x
Vest SOL-PERP	−0.0098%	1h	116.63	−0.019%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.70	+0.044%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.66	+0.006%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.69	+0.028%	$1.5M	$19.0M	3.1x	as long as short
dYdX SOL-USD	+0.0005%	1h	116.67	+0.014%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0030%	1h	116.58	−0.067%	$1.9M	$2.8M	13x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.68	+0.020%	$7.4M	$404.2M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0093%	8h	116.66	+0.003%	$1.0M	$5.8M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SOL	+0.0096%	1h	116.71	+0.052%	$13.0M	$59.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.69	+0.036%	$2.2M	$16.7M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	116.75	+0.083%	$99K	$173K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.64	−0.010%	$347K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.67	+0.014%	$50K	$882K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.79	+0.115%	$1.0M	$550K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.69	+0.033%	$5.4M	$40.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.77	+0.100%	$705.2M	$394.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.66	+0.008%	$174.6M	$182.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.75	+0.083%	$15.8M	$130.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.67	+0.010%	$971.9M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.58	−0.066%	$776.7M	$1.36B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.64	−0.012%	$369.1M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.66	+0.006%	$231K	$836K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.74	+0.071%	$926K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.70	+0.038%	$134.0M	$22.5M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.68	+0.023%	$843.5M	$654.0M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.67	+0.014%	$369.8M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.67	+0.018%	$128.9M	$221.8M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.60	−0.044%	$478.9M	$441.6M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.64	−0.012%	—	$365.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.67	+0.014%	$23.1M	$39.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.91	+0.224%	$24.6M	$113.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.79	+0.113%	$93.8M	$397.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.61	−0.038%	$47.7M	$30.1M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.79	+0.119%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.72	+0.057%	$1.3M	$12.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.66	+0.006%	$321K	$2.6M	20x	as long as short
Bullet SOL-USDlong	+0.0100%	1h	116.65	long leg	$148K	$1.6M	20x
Bluefin SOL-PERP	+0.0100%	1h	116.65	−0.004%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.72	+0.054%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.66	+0.006%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.56	−0.081%	$226.1M	$47.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.69	+0.031%	$45.6M	$102.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.59	−0.057%	$8.3M	$37.4M	50x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.72	+0.057%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.64	−0.012%	—	$231.3M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0120%	1h	116.70	+0.039%	$26.3M	$23.3M	50x	as long as short
Phoenix SOL	+0.0137%	1h	116.80	+0.126%	$6.5M	$13.8M	25x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.61	−0.033%	$1.1M	$541K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.68	+0.023%	$51.9M	$67.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.66	+0.003%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0447%	43m	116.71	+0.052%	$139K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0509%	1h	116.77	+0.097%	$25K	$50K	20x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.79	+0.114%	$1.9M	$4.8M	20x	as long as short