Funding you earn now, next payment 23:00 UTC+0.0197%/8h= +21.6% APRnext payment +$0.25 per $10,000 · paid last 24h +0.096%
Price spread now: Injective against Hibachi−0.566%53s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.088%+$9 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Injective is 0.566% cheaper against Hibachi than usual: you would sell low and buy high (spread −0.566% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$57 on $10k: about 9.6 days of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.088% in total) that is about 45 days. The two prices were read 53 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 0.088% in total (about 4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.25 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 | 119.81 | 0.0016 | pay 0.0002% / 1h | 38m 14s | $120K | $611K | 20x |
| Short | Injective SOL/USDC PERP | 119.13 | 0.0213 | get 0.0027% / 1h | 38m 14s | $4K | $2K | 12x |
Hibachi SOL/USDT-P
Injective SOL/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $41.45
- Price spread: −0.566% → 0.000%
- −$56.59
- Slippage, 4 orders
- no order book: not counted
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$24.16
- Costs to cover
- 0.090%
- Break-even
- 11.1 days
Slippage unknown: Hibachi: live order book, 46 min ago; Injective: 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, 46 min ago | 0.50 bp | 5.0 bp −$5 | 20.3 bp −$203 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin SOL-PERP | −0.0330% | 1h | 119.67 | −0.115% | $37K | $17K | 25x | as long as short |
| Derive SOL-PERP | −0.0095% | 1h | 119.62 | −0.157% | $2.0M | $3.0M | 13x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 119.58 | −0.186% | $848 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0062% | 1h | 119.63 | −0.150% | — | $722K | 20x | as long as short |
| dYdX SOL-USD | −0.0002% | 1h | 119.62 | −0.153% | $4.9M | $27.2M | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L 0.0000% / S +0.0004% | 1h | 119.71 | −0.083% | $54K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 119.64 | −0.140% | $1.2M | $20.6M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 119.69 | −0.102% | $179K | $4.0M | 8.3x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0007% | 1h | 119.64 | −0.143% | $26.8M | $27.6M | 50x | as long as short |
| Hibachi SOL/USDT-Plong | +0.0016% | 1h | 119.81 | long leg | $120K | $611K | 20x |
Bluefin SOL-PERP
Derive SOL-PERP
Hotstuff SOL-PERP
Vest SOL-PERP
dYdX SOL-USD
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
Perpl SOL
Deribit SOL_USDC-PERPETUALShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix SOL | +0.0054% | 1h | 119.84 | +0.027% | $6.6M | $13.6M | 25x | as long as short |
| Aftermath Perps SOLUSD | +0.0065% | 1h | 119.58 | −0.192% | $24K | $47K | 20x | as long as short |
| Orderly PERP_SOL_USDC | +0.0067% | 8h | 119.72 | −0.074% | $1.1M | $5.9M | 100x | as long as short |
| HTX SOL-USDT | +0.0078% | 8h | 119.60 | −0.173% | $232.9M | $44.6M | 75x | as long as short |
| BingX SOL-USDT | +0.0080% | 8h | 119.56 | −0.209% | — | $374.0M | — | as long as short |
| Gate SOL_USDT | +0.0086% | 8h | 119.68 | −0.107% | $872.8M | $680.2M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 119.57 | −0.197% | $13.6M | $55.5M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 119.57 | −0.198% | $2.1M | $16.7M | 25x | as long as short |
| 01 Exchange SOLUSD | +0.0096% | 1h | 119.73 | −0.065% | $105K | $153K | 20x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 119.59 | −0.182% | $354K | $748K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0099% | 8h | 119.58 | −0.192% | $1.0M | $523K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 119.63 | −0.149% | $45K | $790K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 119.65 | −0.132% | $6.2M | $41.5M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 119.78 | −0.023% | $722.1M | $414.5M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 119.70 | −0.094% | $179.2M | $176.0M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 119.62 | −0.154% | $12.4M | $117.5M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 119.59 | −0.178% | $989.3M | $3.79B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 119.59 | −0.184% | $827.1M | $1.27B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 119.55 | −0.215% | $372.9M | $1.72B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 119.74 | −0.057% | $234K | $889K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 119.69 | −0.094% | $2.0M | $8.9M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 119.59 | −0.182% | $456.3M | $1.11B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 119.61 | −0.168% | $141.3M | $200.1M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 119.55 | −0.217% | $496.6M | $454.9M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 119.60 | −0.174% | $24.2M | $38.7M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 119.76 | −0.039% | $27.8M | $127.8M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 119.71 | −0.083% | $96.1M | $398.7M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 119.74 | −0.055% | $49.0M | $31.9M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 119.73 | −0.066% | $1.5M | $6.2M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 119.78 | −0.023% | $1.4M | $13.3M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 119.68 | −0.107% | $367K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 119.70 | −0.094% | $201K | $1.7M | 20x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 119.63 | −0.147% | $194K | $1.9M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 119.60 | −0.174% | $6.3M | $10.8M | 20x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 119.62 | −0.157% | $46.7M | $101.8M | 50x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 119.75 | −0.050% | $134.3M | $8.4M | 20x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 119.56 | −0.208% | $8.7M | $36.2M | 50x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0112% | 1h | 119.63 | −0.153% | $8.4M | $415.4M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 119.63 | −0.145% | — | $222.2M | 500x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0149% | 1h | 119.57 | −0.198% | $32.7M | $95.5M | 100x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0171% / S −0.0086% | 1h | 119.71 | −0.085% | $3.7M | — | 200x | as long as short |
| Reya SOLRUSDPERP | +0.0181% | 1h | 119.68 | −0.105% | $1.1M | $557K | 25x | as long as short |
| RISEx SOL/USDC | +0.0192% | 1h | 119.68 | −0.104% | $1.7M | $6.0M | 20x | as long as short |
| Injective SOL/USDC PERPshort | +0.0213% | 1h | 119.13 | −0.566% | $4K | $2K | 12x | |
| BloFin SOL-USDT | +0.0220% | 8h | 119.62 | −0.157% | $52.1M | $82.9M | 125x | as long as short |
Phoenix SOL
Aftermath Perps SOLUSD
Orderly PERP_SOL_USDC
HTX SOL-USDT
BingX SOL-USDT
Gate SOL_USDT
Lighter SOL
Lighter RH SOL
01 Exchange SOLUSD
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
ApeX Omni SOLUSDT
StandX SOL-USD
Polymarket Perps SOL-USD
Bullet SOL-USD
SunX SOL-USDT
SoDEX SOL-USD
Phemex SOLUSDT
Bulk SOL-USD
Extended SOL-USD
Coinbase International SOL-PERP-INTX
Jupiter Perps SOL-PERP
Kraken Futures PF_SOLUSD
GMX SOL/USD [SOL-USDC]
Reya SOLRUSDPERP
RISEx SOL/USDC
BloFin SOL-USDT