SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0262%/8h= −28.7% APRnext payment −$0.33 per $10,000 · paid last 24h −0.108%

Price spread now: Hibachi against Injective−0.318%53s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.094%−$9 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Hibachi is 0.318% cheaper against Injective than usual: you would sell low and buy high (−$32 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. 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 -0.094% in total (about -4.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.33 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	Injective SOL/USDC PERP	118.20	0.0222	pay 0.0028% / 1h	28m 08s	$4K	$2K	12x
Short	Hibachi SOL/USDT-P	117.82	−0.0040	pay 0.0005% / 1h	28m 08s	$92K	$682K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Injective. 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 InjectivebpFee HibachibpOrdersPrice spread, now −0.318%Rate

Funding earned: −$54.96
Price spread: −0.318% → 0.000%: −$31.81
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$95.79
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Hibachi: live order book, 41 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Hibachi live order book, 41 min ago	0.67 bp	5.2 bp −$5	20.1 bp −$201	doesn't fit	doesn't fit

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 54 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	117.77	−0.365%	$921	$8K	25x	as long as short
Vest SOL-PERP	−0.0070%	1h	117.85	−0.293%	—	$607K	20x	as long as short
Derive SOL-PERP	−0.0049%	1h	117.92	−0.233%	$2.0M	$2.8M	13x	as long as short
Hibachi SOL/USDT-Pshort	−0.0040%	1h	117.82	−0.318%	$92K	$682K	20x
ApeX Omni SOLUSDT	−0.0019%	1h	117.75	−0.381%	$1.5M	$6.0M	50x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	117.98	−0.184%	$53K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.88	−0.270%	$4.5M	$24.3M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.86	−0.291%	$1.4M	$21.2M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.93	−0.228%	$129K	$3.9M	8.3x	as long as short
RISEx SOL/USDC	+0.0018%	1h	117.90	−0.252%	$2.0M	$4.7M	20x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0034%	8h	118.00	−0.169%	$229.3M	$45.5M	75x	as long as short
Gate SOL_USDT	+0.0039%	8h	118.03	−0.144%	$855.4M	$660.9M	100x	as long as short
Kraken Futures PF_SOLUSD	+0.0049%	1h	118.03	−0.143%	$31.6M	$98.8M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0072%	1h	118.04	−0.134%	$8.0M	$410.8M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.06	−0.123%	—	$369.0M	—	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0085%	1h	118.08	−0.101%	$26.5M	$25.5M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0087%	8h	118.03	−0.147%	$1.1M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	118.04	−0.136%	$13.1M	$59.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.04	−0.137%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.93	−0.228%	$103K	$160K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.02	−0.156%	$346K	$256K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.93	−0.229%	$1.0M	$518K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.88	−0.271%	$63K	$853K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.93	−0.224%	$5.7M	$41.7M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.97	−0.195%	$177.2M	$180.1M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.89	−0.260%	$14.4M	$128.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.05	−0.127%	$974.0M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.07	−0.110%	$823.1M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.03	−0.144%	$366.8M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.81	−0.330%	$238K	$893K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.91	−0.244%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.55	−0.547%	$134.7M	$14.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.06	−0.118%	$424.1M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.03	−0.148%	$131.7M	$210.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.03	−0.140%	$488.7M	$441.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.07	−0.110%	$23.8M	$37.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.72	−0.409%	$24.4M	$125.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.73	−0.401%	$94.6M	$406.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.61	−0.500%	$48.2M	$29.7M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.87	−0.279%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.92	−0.237%	$355K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.96	−0.201%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.00	−0.168%	$37K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.03	−0.147%	$192K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.03	−0.144%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.03	−0.144%	$46.0M	$101.5M	50x	as long as short
Phoenix SOL	+0.0101%	1h	117.98	−0.186%	$6.5M	$13.5M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.00	−0.170%	$8.2M	$36.0M	50x	as long as short
Hyperliquid SOL	+0.0106%	1h	118.15	−0.042%	$721.8M	$402.5M	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.85	−0.292%	—	$227.0M	500x	as long as short
Reya SOLRUSDPERP	+0.0188%	1h	117.92	−0.235%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERPlong	+0.0222%	1h	118.20	long leg	$4K	$2K	12x
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	117.96	−0.201%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0320%	1h	117.81	−0.332%	$25K	$51K	20x	as long as short