SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0248%/8h= −27.2% APRnext payment −$0.31 per $10,000 · paid last 24h +0.041%

Price spread now: Hibachi against Extended−0.077%7-day average +0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$170.174% of the position

Long on Extended Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.089%−$9 on $10k

Price spread, last 4 days (all we have)+0.414%+$41 · spread now −0.077%, 7d avg +0.077%

Together, before fees+0.325%+ Points / potential airdropExtended: Active · Hibachi: Active · farm board+$33 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Hibachi is 0.154% cheaper against Extended than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.077%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.089% in total (about -4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.31 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	Extended SOL-USD	116.11	0.0104	pay 0.0013% / 1h	20m 51s	$8.0M	$39.1M	50x
Short	Hibachi SOL/USDT-P	116.02	−0.0144	pay 0.0018% / 1h	20m 51s	$104K	$693K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Extended. 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 ExtendedbpFee HibachibpOrdersPrice spread, now −0.077%Rate

Funding earned: −$52.08
Price spread: −0.077% → +0.077%: −$15.42
Slippage, 4 orders: −$3.39
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$84.89
Costs to cover: 0.174%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Hibachi: live order book, 28 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 Extended live order book, 3 min ago	0.43 bp	3.8 bp −$4	4.6 bp −$46	8.7 bp −$873	doesn't fit
Sell Hibachi live order book, 28 min ago	0.30 bp	5.1 bp −$5	20.8 bp −$208	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	−0.0241%	1h	116.00	−0.088%	$31.7M	$102.7M	100x	as long as short
Hibachi SOL/USDT-Pshort	−0.0144%	1h	116.02	−0.077%	$104K	$693K	20x
BingX SOL-USDC	−0.0116%	8h	116.17	+0.057%	—	$10.6M	—	as long as short
Bybit SOLUSDT	−0.0110%	8h	116.23	+0.106%	$742.2M	$1.42B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.49	+0.329%	$1K	$8K	25x	as long as short
Vest SOL-PERP	−0.0065%	1h	116.06	−0.044%	—	$625K	20x	as long as short
Derive SOL-PERP	−0.0015%	1h	115.95	−0.139%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.04	−0.060%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.15	+0.040%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.10	−0.010%	$113K	$3.7M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0010%	1h	116.25	+0.122%	$4.3M	$24.0M	20x	as long as short
01 Exchange SOLUSD	+0.0024%	1h	116.12	+0.011%	$98K	$176K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.03	−0.067%	$7.7M	$403.6M	50x	as long as short
Bitget SOLUSDT	+0.0065%	8h	116.22	+0.097%	$479.1M	$458.0M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0094%	1h	116.05	−0.046%	$26.2M	$22.0M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0096%	8h	116.03	−0.068%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.24	+0.112%	$13.0M	$61.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.23	+0.102%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	115.98	−0.113%	$349K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.04	−0.058%	$64K	$912K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.07	−0.031%	$1.0M	$550K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.08	−0.022%	$5.2M	$40.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.34	+0.200%	$691.9M	$403.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.24	+0.115%	$175.7M	$176.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.11	+0.004%	$15.6M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.26	+0.132%	$968.9M	$3.88B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.26	+0.132%	$362.8M	$1.74B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.06	−0.041%	$216K	$874K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.11	+0.007%	$912K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	115.85	−0.220%	$123.9M	$22.0M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.22	+0.097%	$844.0M	$670.2M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.17	+0.054%	$357.8M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.15	+0.039%	$125.4M	$230.0M	75x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.03	−0.067%	$22.9M	$38.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	115.99	−0.097%	$24.8M	$114.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	115.75	−0.312%	$92.9M	$407.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	115.84	−0.230%	$47.4M	$30.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	115.75	−0.305%	$1.1M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	115.93	−0.153%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.08	−0.023%	$320K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.05	−0.049%	$147K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.01	−0.085%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.09	−0.019%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.01	−0.084%	$6.1M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	115.98	−0.106%	$224.7M	$50.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.03	−0.067%	$45.2M	$104.8M	50x	as long as short
Extended SOL-USDlong	+0.0104%	1h	116.11	long leg	$8.0M	$39.1M	50x
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.09	−0.015%	—	$238.0M	500x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	115.66	−0.385%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	115.69	−0.359%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	116.05	−0.047%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.10	−0.006%	$51.8M	$67.9M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.03	−0.067%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0547%	1h	116.15	+0.041%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0576%	1h	115.90	−0.175%	$25K	$53K	20x	as long as short