SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0240%/8h= +26.3% APRnext payment +$0.30 per $10,000 · paid last 24h −0.051%

Price spread now: Coinbase International against Hibachi−0.068%49s7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$230.230% of the position

Long on Hibachi Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)−0.093%−$9 · spread now −0.068%, 7d avg −0.005%

Together, before fees−0.035%+ Points / potential airdropHibachi: Active · farm board−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.063% cheaper against Hibachi than usual: you would sell low and buy high (spread −0.068% now, against its 7-day average of −0.005%). If the spread goes back, that is −$6 on $10k: about 21 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.058% in total) that is about 7.6 days. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.058% in total (about 3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.30 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	Hibachi SOL/USDT-P	116.98	−0.0176	get 0.0022% / 1h	59m 32s	$103K	$698K	20x
Short	Coinbase International SOL-PERP-INTX	116.90	0.0064	get 0.0008% / 1h	59m 32s	$7.5M	$404.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Hibachi. 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 HibachibpFee Coinbase InternationalbpOrdersPrice spread, now −0.068%Rate

Funding earned: $50.4
Price spread: −0.068% → −0.005%: −$6.33
Slippage, 4 orders: −$4.04
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $21.03
Costs to cover: 0.230%
Break-even: 4.1 days

Slippage from Hibachi: live order book, 59 min ago; Coinbase International: live order book, 5 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 Hibachi live order book, 59 min ago	1.03 bp	6.3 bp −$6	30.4 bp −$304	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	0.04 bp	6.2 bp −$6	8.7 bp −$87	15.1 bp −$1,515	101.1 bp −$50.5K

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
Hibachi SOL/USDT-Plong	−0.0176%	1h	116.98	long leg	$103K	$698K	20x
Vest SOL-PERP	−0.0099%	1h	116.70	−0.239%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.93	−0.043%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.68	−0.258%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.97	−0.013%	$1.4M	$18.8M	3.1x	as long as short
dYdX SOL-USD	+0.0003%	1h	116.84	−0.121%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0016%	1h	116.88	−0.084%	$1.9M	$2.8M	13x	as long as short
Polymarket Perps SOL-USD	+0.0037%	1h	116.69	−0.248%	$321K	$2.6M	20x	as long as short
Coinbase International SOL-PERP-INTXshort	+0.0064%	1h	116.90	−0.068%	$7.5M	$404.6M	50x
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.89	−0.079%	$31.0M	$99.9M	100x	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	+0.0093%	8h	116.96	−0.016%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.79	−0.165%	$13.1M	$59.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.75	−0.197%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	116.77	−0.179%	$99K	$173K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.95	−0.027%	$348K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.77	−0.179%	$47K	$877K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.90	−0.068%	$1.0M	$550K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.69	−0.247%	$5.4M	$40.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.81	−0.148%	$705.4M	$394.6M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.76	−0.188%	$174.8M	$182.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.82	−0.133%	$15.8M	$130.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.73	−0.214%	$972.5M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.66	−0.278%	$779.6M	$1.36B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.70	−0.239%	$369.6M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.66	−0.273%	$231K	$836K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.84	−0.115%	$926K	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.70	−0.241%	$134.0M	$22.5M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.77	−0.179%	$843.8M	$653.2M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.69	−0.248%	$369.8M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.68	−0.256%	$129.1M	$221.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.65	−0.283%	$479.1M	$441.7M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.79	−0.165%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.82	−0.136%	$23.2M	$39.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.91	−0.056%	$24.6M	$113.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.91	−0.058%	$93.9M	$398.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.84	−0.119%	$47.8M	$30.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.87	−0.094%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.92	−0.051%	$1.3M	$12.9M	30x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.67	−0.263%	$147K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.94	−0.036%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.87	−0.096%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.88	−0.085%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.94	−0.030%	$226.8M	$47.4M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.84	−0.119%	$45.7M	$102.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.79	−0.165%	$8.3M	$37.4M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.93	−0.044%	—	$231.3M	500x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.72	−0.222%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.99	+0.009%	$6.5M	$13.3M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0164%	1h	117.01	+0.023%	$26.4M	$23.5M	50x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.64	−0.289%	$1.1M	$541K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.95	−0.025%	$52.1M	$67.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.94	−0.030%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0447%	43m	116.71	−0.231%	$139K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0510%	1h	116.83	−0.131%	$25K	$50K	20x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.89	−0.073%	$1.9M	$4.8M	20x	as long as short