Funding you earn now, next payment 22:00 UTC−0.0181%/8h= −19.8% APRnext payment −$0.23 per $10,000 · paid last 24h +0.033%
Price spread now: Hibachi against GMX−0.113%7-day average −0.015% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.088%−$9 on $10k
+Price spread, last 3 days (all we have)+0.126%+$13 · spread now −0.113%, 7d avg −0.015%
=Together, before fees+0.038%+ Points / potential airdropHibachi: Active · farm board+$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Hibachi is 0.098% cheaper against GMX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.015%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX SOL/USD [SOL-USDC] | 119.33 | L +0.0237% / S −0.0174% | pay 0.0030% / 1h | 27m 13s | $3.5M | — | 200x |
| Short | Hibachi SOL/USDT-P | 119.19 | 0.0056 | get 0.0007% / 1h | 27m 13s | $122K | $600K | 20x |
GMX SOL/USD [SOL-USDC]
Hibachi SOL/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against GMX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$37.92
- Price spread: −0.113% → −0.015%
- −$9.82
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$68.74
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Hibachi: live order book, 61 min ago. Net counts fees only.
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 GMX no order-book sample | — | — | — | — | — |
| Sell Hibachi live order book, 61 min ago | 0.76 bp | 5.6 bp −$6 | 27.0 bp −$270 | doesn't fit | doesn't fit |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SOL/USDC PERP | −0.0151% | 1h | 119.15 | −0.151% | $4K | $2K | 12x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 119.27 | −0.049% | $846 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0078% | 1h | 119.22 | −0.095% | — | $724K | 20x | as long as short |
| Derive SOL-PERP | −0.0054% | 1h | 119.28 | −0.046% | $2.0M | $3.2M | 13x | as long as short |
| gTrade (Gains Network) SOL/USD | L 0.0000% / S +0.0004% | 1h | 119.33 | −0.001% | $54K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 119.30 | −0.023% | $1.2M | $20.6M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 119.27 | −0.050% | $180K | $4.0M | 8.3x | as long as short |
| dYdX SOL-USD | 0.0000% | 1h | 119.32 | −0.012% | $4.9M | $26.9M | 20x | as long as short |
| Aftermath Perps SOLUSD | +0.0009% | 1h | 119.10 | −0.190% | $24K | $47K | 20x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0040% | 1h | 119.43 | +0.082% | $26.8M | $27.6M | 50x | as long as short |
Injective SOL/USDC PERP
Hotstuff SOL-PERP
Vest SOL-PERP
Derive SOL-PERP
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
Perpl SOL
dYdX SOL-USD
Aftermath Perps SOLUSD
Deribit SOL_USDC-PERPETUALShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hibachi SOL/USDT-Pshort | +0.0056% | 1h | 119.19 | −0.113% | $122K | $600K | 20x | |
| Orderly PERP_SOL_USDC | +0.0060% | 8h | 119.37 | +0.036% | $1.1M | $5.9M | 100x | as long as short |
| HTX SOL-USDT | +0.0061% | 8h | 119.22 | −0.090% | $232.3M | $43.7M | 75x | as long as short |
| 01 Exchange SOLUSD | +0.0072% | 1h | 119.32 | −0.008% | $104K | $152K | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0074% | 1h | 119.04 | −0.243% | $1.5M | $6.2M | 50x | as long as short |
| BingX SOL-USDC | +0.0080% | 8h | 119.33 | +0.001% | — | $10.5M | — | as long as short |
| Gate SOL_USDT | +0.0085% | 8h | 119.35 | +0.017% | $871.5M | $682.4M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 119.36 | +0.025% | $13.6M | $54.2M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 119.35 | +0.016% | $2.1M | $16.8M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 119.35 | +0.015% | $355K | $741K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0099% | 8h | 119.27 | −0.053% | $1.0M | $524K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 119.28 | −0.042% | $45K | $783K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 119.29 | −0.037% | $6.4M | $41.7M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 119.45 | +0.101% | $720.6M | $415.2M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 119.32 | −0.007% | $179.9M | $174.7M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 119.31 | −0.018% | $12.4M | $114.7M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 119.36 | +0.028% | $975.8M | $3.74B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 119.39 | +0.054% | $828.3M | $1.26B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 119.35 | +0.017% | $371.4M | $1.71B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 119.18 | −0.125% | $233K | $873K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 119.34 | +0.009% | $2.0M | $8.9M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 119.37 | +0.034% | $473.8M | $1.08B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 119.36 | +0.030% | $143.0M | $196.3M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 119.36 | +0.025% | $498.5M | $448.9M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 119.40 | +0.059% | $24.5M | $38.2M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 119.07 | −0.218% | $27.5M | $127.2M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 119.01 | −0.265% | $95.6M | $398.5M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 119.06 | −0.222% | $48.7M | $33.3M | 20x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 119.14 | −0.159% | $1.4M | $13.4M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 119.29 | −0.033% | $366K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 119.31 | −0.016% | $202K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 119.35 | +0.019% | $38K | $16K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 119.25 | −0.064% | $194K | $1.9M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 119.36 | +0.025% | $6.2M | $10.8M | 20x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 119.33 | 0.000% | $46.7M | $100.2M | 50x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 118.98 | −0.292% | $133.4M | $11.1M | 20x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 119.34 | +0.008% | $8.7M | $37.0M | 50x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0112% | 1h | 119.41 | +0.070% | $8.1M | $415.7M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 119.31 | −0.021% | — | $217.3M | 500x | as long as short |
| Phoenix SOL | +0.0154% | 1h | 119.04 | −0.243% | $6.6M | $12.5M | 25x | as long as short |
| RISEx SOL/USDC | +0.0175% | 1h | 119.32 | −0.007% | $1.6M | $6.1M | 20x | as long as short |
| Reya SOLRUSDPERP | +0.0179% | 1h | 119.28 | −0.042% | $1.1M | $557K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 119.33 | 0.000% | $51.7M | $86.1M | 125x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0223% | 1h | 119.39 | +0.048% | $36.1M | $89.5M | 100x | as long as short |
| GMX SOL/USD [SOL-USDC]long | L +0.0237% / S −0.0174% | 1h | 119.33 | long leg | $3.5M | — | 200x |
Orderly PERP_SOL_USDC
HTX SOL-USDT
01 Exchange SOLUSD
ApeX Omni SOLUSDT
BingX SOL-USDC
Gate SOL_USDT
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Paradex SOL-USD-PERP
Katana Perps SOL-USD
Nado SOL-PERP
Hyperliquid SOL
Aster SOLUSDT
Pacifica SOL
Binance SOLUSDT
Bybit SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus SOL-USD
MEXC SOL_USDT
KuCoin SOLUSDTM
Bitget SOLUSDT
Backpack SOL_USDC_PERP
Variational Omni SOL
edgeX SOLUSDC
GRVT SOL_USDT_Perp
StandX SOL-USD
Polymarket Perps SOL-USD
Bullet SOL-USD
Bluefin SOL-PERP
SunX SOL-USDT
SoDEX SOL-USD
Phemex SOLUSDT
Bulk SOL-USD
Extended SOL-USD
Coinbase International SOL-PERP-INTX
Jupiter Perps SOL-PERP
Phoenix SOL
RISEx SOL/USDC
Reya SOLRUSDPERP
BloFin SOL-USDT
Kraken Futures PF_SOLUSD