Funding you earn now, next payment 22:00 UTC+0.0109%/8h= +11.9% APRnext payment +$0.14 per $10,000 · paid last 24h −0.048%
Price spread now: GMX against Hibachi+0.054%7-day average +0.015% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.043%+$4 on $10k
+Price spread, last 3 days (all we have)−0.067%−$7 · spread now +0.054%, 7d avg +0.015%
=Together, before fees−0.024%+ Points / potential airdropHibachi: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GMX is 0.039% dearer against Hibachi than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.015%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi SOL/USDT-P | 119.12 | 0.0064 | pay 0.0008% / 1h | 28m 11s | $123K | $600K | 20x |
| Short | GMX SOL/USD [SOL-USDC] | 119.18 | L +0.0237% / S −0.0173% | get 0.0022% / 1h | 28m 11s | $3.6M | — | 200x |
Hibachi SOL/USDT-P
GMX SOL/USD [SOL-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- $22.91
- Price spread: +0.054% → +0.015%
- $3.94
- Slippage, 4 orders
- no order book: not counted
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $5.85
- Costs to cover
- 0.210%
- Break-even
- 5.2 days
Slippage unknown: Hibachi: live order book, 60 min ago; GMX: no order-book sample. 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 Hibachi live order book, 60 min ago | 0.76 bp | 6.3 bp −$6 | 19.6 bp −$196 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
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 | +0.026% | $4K | $2K | 12x | as long as short |
| Derive SOL-PERP | −0.0104% | 1h | 119.10 | −0.018% | $2.0M | $3.2M | 13x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 119.16 | +0.030% | $845 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0079% | 1h | 119.10 | −0.014% | — | $724K | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L 0.0000% / S +0.0004% | 1h | 119.19 | +0.058% | $54K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 119.20 | +0.069% | $1.2M | $20.6M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 119.20 | +0.067% | $180K | $4.0M | 8.3x | as long as short |
| dYdX SOL-USD | 0.0000% | 1h | 119.18 | +0.048% | $4.9M | $26.9M | 20x | as long as short |
| Aftermath Perps SOLUSD | +0.0006% | 1h | 119.06 | −0.047% | $24K | $47K | 20x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0052% | 1h | 119.24 | +0.100% | $26.7M | $27.6M | 50x | as long as short |
Injective SOL/USDC PERP
Derive SOL-PERP
Hotstuff SOL-PERP
Vest 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_SOL_USDC | +0.0060% | 8h | 119.19 | +0.060% | $1.1M | $5.9M | 100x | as long as short |
| HTX SOL-USDT | +0.0061% | 8h | 119.03 | −0.072% | $231.9M | $43.6M | 75x | as long as short |
| 01 Exchange SOLUSD | +0.0064% | 1h | 119.22 | +0.084% | $104K | $152K | 20x | as long as short |
| Hibachi SOL/USDT-Plong | +0.0064% | 1h | 119.12 | long leg | $123K | $600K | 20x | |
| ApeX Omni SOLUSDT | +0.0074% | 1h | 119.04 | −0.067% | $1.5M | $6.2M | 50x | as long as short |
| BingX SOL-USDT | +0.0080% | 8h | 119.22 | +0.083% | — | $370.5M | — | as long as short |
| Gate SOL_USDT | +0.0084% | 8h | 119.15 | +0.026% | $870.2M | $682.2M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 119.18 | +0.051% | $13.6M | $54.2M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 119.16 | +0.031% | $2.0M | $16.8M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 119.16 | +0.034% | $354K | $741K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0099% | 8h | 119.17 | +0.040% | $1.0M | $524K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 119.18 | +0.051% | $45K | $783K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 119.16 | +0.031% | $6.4M | $41.7M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 119.31 | +0.160% | $719.9M | $415.0M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 119.20 | +0.072% | $179.7M | $174.7M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 119.21 | +0.073% | $12.4M | $114.7M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 119.25 | +0.110% | $974.8M | $3.74B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 119.29 | +0.143% | $827.7M | $1.26B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 119.25 | +0.110% | $371.1M | $1.71B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 119.08 | −0.033% | $233K | $872K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 119.24 | +0.102% | $2.0M | $8.9M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 119.20 | +0.068% | $473.1M | $1.08B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 119.18 | +0.054% | $142.8M | $196.3M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 119.23 | +0.096% | $497.9M | $448.6M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 119.23 | +0.093% | $24.4M | $38.2M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 119.07 | −0.042% | $27.5M | $127.2M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 119.01 | −0.089% | $95.6M | $398.5M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 119.06 | −0.046% | $48.7M | $33.3M | 20x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 119.09 | −0.025% | $1.4M | $13.4M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 119.18 | +0.051% | $366K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 119.16 | +0.036% | $202K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 119.18 | +0.053% | $38K | $16K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 119.16 | +0.032% | $193K | $1.9M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 119.17 | +0.042% | $6.2M | $10.8M | 20x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 119.16 | +0.034% | $46.6M | $100.2M | 50x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 118.98 | −0.116% | $133.4M | $11.1M | 20x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 119.15 | +0.027% | $8.7M | $36.9M | 50x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0112% | 1h | 119.22 | +0.082% | $8.1M | $415.0M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 119.19 | +0.059% | — | $217.0M | 500x | as long as short |
| Phoenix SOL | +0.0154% | 1h | 119.04 | −0.067% | $6.7M | $12.5M | 25x | as long as short |
| RISEx SOL/USDC | +0.0175% | 1h | 119.23 | +0.092% | $1.6M | $6.1M | 20x | as long as short |
| Reya SOLRUSDPERP | +0.0179% | 1h | 119.15 | +0.026% | $1.1M | $557K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 119.11 | −0.008% | $51.7M | $87.0M | 125x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0223% | 1h | 119.19 | +0.058% | $36.0M | $89.4M | 100x | as long as short |
| GMX SOL/USD [SOL-USDC]short | L +0.0237% / S −0.0173% | 1h | 119.18 | +0.054% | $3.6M | — | 200x |
Orderly PERP_SOL_USDC
HTX SOL-USDT
01 Exchange SOLUSD
ApeX Omni SOLUSDT
BingX SOL-USDT
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