Funding you earn now, next payment 02:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.23 per $10,000 · paid last 24h +0.059%
Price spread now: Hibachi against Hyperliquid+0.237%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs+$4as in the Price arb table
costs, in and out, $10k−$210.212% of the position
Funding, last 7 days−0.049%−$5 on $10k
+Price spread, last 3 days (all we have)−0.005%$0 · spread now +0.237%, 7d avg −0.011%
=Together, before fees−0.053%+ Points / potential airdropHyperliquid: Season 2 · Hibachi: Active · farm board−$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hibachi is 0.248% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.237% now, against its 7-day average of −0.011%): +$25 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 4.6 days. At the pace of the last 7 days (−0.049% in total) that is about 35 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SOL | 117.72 | 0.0100 | pay 0.0013% / 1h | 55m 55s | $717.5M | $401.2M | 20x |
| Short | Hibachi SOL/USDT-P | 118.00 | −0.0080 | pay 0.0010% / 1h | 55m 55s | $95K | $695K | 20x |
Hyperliquid SOL
Hibachi SOL/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Hyperliquid. 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
- −$37.8
- Price spread: +0.237% → −0.011%
- $24.77
- Slippage, 4 orders
- −$3.16
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$34.19
- Costs to cover
- 0.212%
- Break-even
- from the start
Slippage from Hyperliquid: live order book, 8 min ago; Hibachi: live order book, 13 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 Hyperliquid live order book, 8 min ago | 0.42 bp | 4.9 bp −$5 | 5.5 bp −$55 | 9.3 bp −$930 | doesn't fit |
| Sell Hibachi live order book, 13 min ago | 0.67 bp | 5.2 bp −$5 | 20.1 bp −$201 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff SOL-PERP | −0.0080% | 1h | 117.96 | +0.201% | $922 | $8K | 25x | as long as short |
| Hibachi SOL/USDT-Pshort | −0.0080% | 1h | 118.00 | +0.237% | $95K | $695K | 20x | |
| Vest SOL-PERP | −0.0080% | 1h | 117.73 | +0.011% | — | $610K | 20x | as long as short |
| HTX SOL-USDT | −0.0073% | 8h | 117.51 | −0.176% | $228.6M | $44.7M | 75x | as long as short |
| Derive SOL-PERP | −0.0062% | 1h | 117.54 | −0.153% | $2.0M | $2.7M | 13x | as long as short |
| gTrade (Gains Network) SOL/USD | L 0.0000% / S +0.0004% | 1h | 117.63 | −0.076% | $53K | — | 150x | as long as short |
| dYdX SOL-USD | 0.0000% | 1h | 117.69 | −0.025% | $4.6M | $25.7M | 20x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 117.75 | +0.025% | $1.6M | $21.2M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 117.72 | +0.001% | $131K | $4.0M | 8.3x | as long as short |
| Deribit SOL_USDC-PERPETUAL | 0.0000% | 1h | 117.69 | −0.025% | $26.3M | $25.2M | 50x | as long as short |
Hotstuff SOL-PERP
Vest SOL-PERP
HTX SOL-USDT
Derive SOL-PERP
gTrade (Gains Network) SOL/USD
dYdX 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 | |
|---|---|---|---|---|---|---|---|---|
| RISEx SOL/USDC | +0.0018% | 1h | 117.67 | −0.045% | $1.8M | $4.6M | 20x | as long as short |
| Gate SOL_USDT | +0.0023% | 8h | 117.55 | −0.144% | $842.2M | $646.8M | 100x | as long as short |
| Lighter RH SOL | +0.0024% | 1h | 117.59 | −0.111% | $2.2M | $16.5M | 25x | as long as short |
| ApeX Omni SOLUSDT | +0.0031% | 1h | 118.35 | +0.539% | $1.5M | $6.1M | 50x | as long as short |
| 01 Exchange SOLUSD | +0.0048% | 1h | 117.76 | +0.034% | $102K | $162K | 20x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0049% | 1h | 117.60 | −0.099% | $31.6M | $98.4M | 100x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0072% | 1h | 117.61 | −0.093% | $7.8M | $408.6M | 50x | as long as short |
| BingX SOL-USDC | +0.0080% | 8h | 117.55 | −0.141% | — | $10.6M | — | as long as short |
| Orderly PERP_SOL_USDC | +0.0083% | 8h | 117.63 | −0.078% | $1.0M | $5.9M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 117.64 | −0.069% | $13.1M | $57.0M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 117.67 | −0.045% | $345K | $262K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0099% | 8h | 117.70 | −0.017% | $1.0M | $520K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 117.69 | −0.025% | $43K | $815K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 117.74 | +0.021% | $5.7M | $41.3M | 40x | as long as short |
| Hyperliquid SOLlong | +0.0100% | 1h | 117.72 | long leg | $717.5M | $401.2M | 20x | |
| Aster SOLUSDT | +0.0100% | 8h | 117.59 | −0.113% | $177.5M | $180.1M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 117.75 | +0.024% | $12.8M | $128.1M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 117.56 | −0.136% | $973.2M | $3.79B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 117.54 | −0.153% | $817.0M | $1.28B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 117.51 | −0.178% | $366.2M | $1.68B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 117.64 | −0.068% | $255K | $899K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 117.68 | −0.031% | $2.0M | $8.9M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 118.15 | +0.365% | $136.0M | $13.0M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 117.56 | −0.136% | $422.3M | $1.10B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 117.66 | −0.048% | $135.9M | $205.9M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 117.61 | −0.093% | $488.6M | $444.8M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 117.60 | −0.102% | $23.7M | $36.8M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 117.61 | −0.096% | $24.4M | $130.2M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 118.25 | +0.454% | $95.0M | $398.0M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 118.37 | +0.548% | $48.5M | $29.5M | 20x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 118.09 | +0.314% | $1.3M | $13.5M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 117.70 | −0.017% | $352K | $2.3M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 117.62 | −0.088% | $199K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 117.61 | −0.098% | $37K | $17K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 117.64 | −0.066% | $191K | $1.8M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 117.64 | −0.068% | $6.2M | $10.8M | 20x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 117.60 | −0.102% | $45.9M | $100.3M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 117.57 | −0.125% | $8.3M | $35.7M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0112% / S +0.0056% | 1h | 117.75 | +0.024% | — | $227.6M | 500x | as long as short |
| Phoenix SOL | +0.0114% | 1h | 118.33 | +0.518% | $6.5M | $13.3M | 25x | as long as short |
| Reya SOLRUSDPERP | +0.0187% | 1h | 117.69 | −0.029% | $1.1M | $524K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 117.85 | +0.110% | $51.9M | $73.9M | 125x | as long as short |
| Injective SOL/USDC PERP | +0.0222% | 1h | 119.50 | +1.512% | $4K | $2K | 12x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0233% / S −0.0167% | 1h | 117.63 | −0.079% | $3.6M | — | 200x | as long as short |
| Aftermath Perps SOLUSD | +0.0274% | 1h | 118.36 | +0.541% | $25K | $51K | 20x | as long as short |
RISEx SOL/USDC
Gate SOL_USDT
Lighter RH SOL
ApeX Omni SOLUSDT
01 Exchange SOLUSD
Kraken Futures PF_SOLUSD
Coinbase International SOL-PERP-INTX
BingX SOL-USDC
Orderly PERP_SOL_USDC
Lighter SOL
Aevo SOL-PERP
Paradex SOL-USD-PERP
Katana Perps SOL-USD
Nado SOL-PERP
Aster SOLUSDT
Pacifica SOL
Binance SOLUSDT
Bybit SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus SOL-USD
Bulk 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
Extended SOL-USD
Jupiter Perps SOL-PERP
Phoenix SOL
Reya SOLRUSDPERP
BloFin SOL-USDT
Injective SOL/USDC PERP
GMX SOL/USD [SOL-USDC]
Aftermath Perps SOLUSD