Funding you earn now, next payment 06:00 UTC+0.0256%/8h= +28.0% APRnext payment +$0.32 per $10,000 · paid last 24h −0.041%
Price spread now: Extended against Hibachi+0.278%47s7-day average −0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$8as 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−$170.174% of the position
Funding, last 7 days+0.089%+$9 on $10k
+Price spread, last 4 days (all we have)−0.615%−$62 · spread now +0.278%, 7d avg −0.077%
=Together, before fees−0.526%+ Points / potential airdropHibachi: Active · Extended: Active · farm board−$53 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Extended is 0.355% dearer against Hibachi than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of −0.077%. The two prices were read 47 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 0.089% in total (about 4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.32 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 | 115.72 | −0.0152 | get 0.0019% / 1h | 21m 45s | $103K | $693K | 20x |
| Short | Extended SOL-USD | 116.04 | 0.0104 | get 0.0013% / 1h | 21m 45s | $7.9M | $38.8M | 50x |
Hibachi SOL/USDT-P
Extended SOL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Hibachi. 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
- $53.76
- Price spread: +0.278% → −0.077%
- $35.54
- Slippage, 4 orders
- −$3.39
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $71.91
- Costs to cover
- 0.174%
- Break-even
- from the start
Slippage from Hibachi: live order book, 27 min ago; Extended: live order book, 2 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, 27 min ago | 0.30 bp | 5.6 bp −$6 | 17.2 bp −$172 | doesn't fit | doesn't fit |
| Sell Extended live order book, 2 min ago | 0.43 bp | 2.9 bp −$3 | 2.9 bp −$29 | 5.0 bp −$497 | 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 | −0.0240% | 1h | 116.13 | +0.354% | $31.7M | $102.9M | 100x | as long as short |
| Hibachi SOL/USDT-Plong | −0.0152% | 1h | 115.72 | long leg | $103K | $693K | 20x | |
| BingX SOL-USDT | −0.0112% | 8h | 116.09 | +0.320% | — | $368.6M | — | as long as short |
| Bybit SOLUSDT | −0.0110% | 8h | 116.07 | +0.302% | $741.7M | $1.42B | 100x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 116.33 | +0.528% | $1K | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0068% | 1h | 115.92 | +0.176% | — | $625K | 20x | as long as short |
| Derive SOL-PERP | −0.0015% | 1h | 116.02 | +0.261% | $1.9M | $2.9M | 13x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0001% / S +0.0004% | 1h | 116.06 | +0.294% | $42K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 116.07 | +0.304% | $1.5M | $19.3M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 115.97 | +0.213% | $113K | $3.7M | 8.3x | as long as short |
Kraken Futures PF_SOLUSD
BingX SOL-USDT
Bybit SOLUSDT
Hotstuff SOL-PERP
Vest SOL-PERP
Derive SOL-PERP
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
Perpl SOLShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX SOL-USD | +0.0010% | 1h | 116.07 | +0.301% | $4.3M | $24.0M | 20x | as long as short |
| 01 Exchange SOLUSD | +0.0024% | 1h | 115.96 | +0.207% | $98K | $176K | 20x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0048% | 1h | 116.13 | +0.357% | $7.8M | $404.1M | 50x | as long as short |
| Bitget SOLUSDT | +0.0065% | 8h | 116.06 | +0.297% | $478.3M | $457.1M | 100x | as long as short |
| Orderly PERP_SOL_USDC | +0.0096% | 8h | 116.10 | +0.328% | $1.0M | $5.9M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 116.06 | +0.293% | $13.0M | $61.1M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 116.08 | +0.306% | $2.2M | $16.9M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 116.10 | +0.324% | $349K | $247K | 20x | as long as short |
| Katana Perps SOL-USD | +0.0099% | 8h | 116.04 | +0.276% | $64K | $912K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0100% | 8h | 116.07 | +0.303% | $1.0M | $550K | 50x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 115.89 | +0.146% | $5.2M | $40.7M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 116.13 | +0.354% | $690.6M | $403.4M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 116.09 | +0.317% | $175.5M | $180.3M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 116.11 | +0.338% | $15.6M | $130.3M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 116.10 | +0.328% | $967.6M | $3.88B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 116.13 | +0.354% | $362.0M | $1.73B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 116.06 | +0.293% | $216K | $874K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 116.11 | +0.341% | $912K | $8.8M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 115.85 | +0.113% | $123.9M | $22.0M | 20x | as long as short |
| Gate SOL_USDT | +0.0100% | 8h | 116.09 | +0.319% | $841.8M | $669.7M | 100x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 116.10 | +0.328% | $357.9M | $1.08B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 116.06 | +0.298% | $125.3M | $229.9M | 75x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 116.12 | +0.345% | $22.9M | $38.1M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 115.53 | −0.168% | $24.7M | $114.3M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 115.59 | −0.114% | $92.8M | $406.5M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 115.67 | −0.044% | $47.3M | $30.7M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 115.61 | −0.096% | $1.1M | $6.8M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 115.69 | −0.027% | $1.3M | $12.0M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 115.96 | +0.207% | $319K | $2.7M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 116.00 | +0.240% | $147K | $1.6M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 116.07 | +0.302% | $25K | $33K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 115.95 | +0.195% | $188K | $1.8M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 116.12 | +0.345% | $6.0M | $10.9M | 20x | as long as short |
| HTX SOL-USDT | +0.0100% | 8h | 116.00 | +0.245% | $224.8M | $50.0M | 75x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 116.12 | +0.345% | $45.2M | $104.8M | 50x | as long as short |
| Extended SOL-USDshort | +0.0104% | 1h | 116.04 | +0.278% | $7.9M | $38.8M | 50x | |
| Deribit SOL_USDC-PERPETUAL | +0.0109% | 1h | 116.16 | +0.381% | $26.3M | $22.0M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 116.00 | +0.237% | — | $240.4M | 500x | as long as short |
| Injective SOL/USDC PERP | +0.0173% | 1h | 115.66 | −0.052% | $4K | $2K | 12x | as long as short |
| Phoenix SOL | +0.0179% | 1h | 115.69 | −0.027% | $6.5M | $13.7M | 25x | as long as short |
| Reya SOLRUSDPERP | +0.0193% | 1h | 115.97 | +0.214% | $1.1M | $542K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 115.79 | +0.060% | $51.6M | $67.7M | 125x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0233% / S −0.0173% | 1h | 116.00 | +0.239% | $3.5M | — | 200x | as long as short |
| RISEx SOL/USDC | +0.0547% | 1h | 116.15 | +0.375% | $2.1M | $4.9M | 20x | as long as short |
| Aftermath Perps SOLUSD | +0.0573% | 1h | 115.82 | +0.089% | $25K | $53K | 20x | as long as short |
dYdX SOL-USD
01 Exchange SOLUSD
Coinbase International SOL-PERP-INTX
Bitget SOLUSDT
Orderly PERP_SOL_USDC
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Katana Perps SOL-USD
Paradex SOL-USD-PERP
Nado SOL-PERP
Hyperliquid SOL
Aster SOLUSDT
Pacifica SOL
Binance SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus SOL-USD
Bulk SOL-USD
Gate SOL_USDT
MEXC SOL_USDT
KuCoin SOLUSDTM
Backpack SOL_USDC_PERP
Variational Omni SOL
edgeX SOLUSDC
GRVT SOL_USDT_Perp
ApeX Omni SOLUSDT
StandX SOL-USD
Polymarket Perps SOL-USD
Bullet SOL-USD
Bluefin SOL-PERP
SunX SOL-USDT
SoDEX SOL-USD
HTX SOL-USDT
Phemex SOLUSDT
Deribit SOL_USDC-PERPETUAL
Jupiter Perps SOL-PERP
Injective SOL/USDC PERP
Phoenix SOL
Reya SOLRUSDPERP
BloFin SOL-USDT
GMX SOL/USD [SOL-USDC]
RISEx SOL/USDC
Aftermath Perps SOLUSD