SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0025%/8h= +2.8% APRnext payment +$0.03 per $10,000 · paid last 24h +0.101%

Price spread now: Hibachi against dYdX+0.104%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$260.259% of the position

Long on dYdX Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.080%+$8 on $10k

Price spread, last 3 days (all we have)+0.281%+$28 · spread now +0.104%, 7d avg +0.034%

Together, before fees+0.361%+ Points / potential airdropHibachi: Active · farm board+$36 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hibachi is 0.070% dearer against dYdX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX SOL-USD	119.40	−0.0001	get 0.0000% / 1h	34m 22s	$4.9M	$27.2M	20x
Short	Hibachi SOL/USDT-P	119.53	0.0024	get 0.0003% / 1h	34m 22s	$120K	$611K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against dYdX. 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 dYdXbpFee HibachibpOrdersPrice spread, now +0.104%Rate

Funding earned: $5.32
Price spread: +0.104% → +0.034%: $6.97
Slippage, 4 orders: −$6.86
Fee dYdX: 5 bp × 2 orders: −$10
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$13.57
Costs to cover: 0.259%
Break-even: 24.9 days

Slippage from dYdX: live order book, 5 min ago; Hibachi: live order book, 50 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 dYdX live order book, 5 min ago	0.84 bp	7.5 bp −$8	12.9 bp −$129	24.7 bp −$2,471	91.4 bp −$45.7K
Sell Hibachi live order book, 50 min ago	0.50 bp	5.0 bp −$5	21.7 bp −$217	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
Bluefin SOL-PERP	−0.0222%	1h	119.39	−0.013%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0095%	1h	119.29	−0.093%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.46	+0.050%	$847	$8K	25x	as long as short
Vest SOL-PERP	−0.0062%	1h	119.27	−0.111%	—	$722K	20x	as long as short
dYdX SOL-USDlong	−0.0001%	1h	119.40	long leg	$4.9M	$27.2M	20x
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.39	−0.008%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.37	−0.028%	$1.2M	$20.6M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.34	−0.050%	$181K	$4.0M	8.3x	as long as short
Hibachi SOL/USDT-Pshort	+0.0024%	1h	119.53	+0.104%	$120K	$611K	20x
Phoenix SOL	+0.0054%	1h	119.38	−0.018%	$6.6M	$13.6M	25x	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	+0.0067%	8h	119.39	−0.007%	$1.1M	$5.9M	100x	as long as short
Aftermath Perps SOLUSD	+0.0071%	1h	119.49	+0.071%	$24K	$47K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.35	−0.044%	—	$10.5M	—	as long as short
HTX SOL-USDT	+0.0081%	8h	119.31	−0.076%	$232.4M	$44.7M	75x	as long as short
Gate SOL_USDT	+0.0083%	8h	119.30	−0.085%	$870.7M	$681.3M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0085%	1h	119.45	+0.038%	$26.7M	$27.6M	50x	as long as short
Lighter SOL	+0.0096%	1h	119.39	−0.010%	$13.6M	$55.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.38	−0.018%	$2.1M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	119.31	−0.077%	$104K	$153K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.38	−0.020%	$354K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	119.37	−0.031%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.30	−0.085%	$47K	$794K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.37	−0.029%	$6.2M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.37	−0.027%	$718.8M	$415.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.34	−0.054%	$178.6M	$176.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.44	+0.029%	$12.4M	$117.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.36	−0.035%	$987.3M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.36	−0.034%	$824.3M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.37	−0.027%	$371.5M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.28	−0.102%	$234K	$885K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.40	−0.004%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.27	−0.111%	$450.9M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.30	−0.088%	$141.0M	$200.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.39	−0.010%	$495.9M	$455.1M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.48	+0.065%	$24.1M	$38.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.41	+0.008%	$27.9M	$128.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.50	+0.082%	$96.0M	$399.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.44	+0.032%	$48.9M	$31.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.56	+0.132%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.50	+0.082%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.26	−0.119%	$365K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.27	−0.110%	$201K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.41	+0.011%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.39	−0.010%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.35	−0.044%	$46.6M	$101.9M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.75	+0.290%	$134.3M	$8.4M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	119.37	−0.030%	$8.7M	$36.3M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.43	+0.021%	$8.2M	$415.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.40	−0.004%	—	$222.6M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.42	+0.018%	$32.7M	$95.6M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0086%	1h	119.38	−0.016%	$3.7M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	119.25	−0.125%	$1.1M	$557K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.36	−0.038%	$1.7M	$6.0M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.13	−0.228%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.49	+0.074%	$52.2M	$82.9M	125x	as long as short