Funding you earn now, next payment 23:00 UTC−0.0117%/8h= −12.9% APRnext payment −$0.15 per $10,000 · paid last 24h +0.063%
Price spread now: Hibachi against Kraken Futures−0.064%7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$240.244% of the position
Funding, last 7 days−0.118%−$12 on $10k
+Price spread, last 3 days (all we have)+0.205%+$21 · spread now −0.064%, 7d avg +0.027%
=Together, before fees+0.087%+ Points / potential airdropHibachi: Active · farm board+$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Hibachi is 0.091% cheaper against Kraken Futures than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.027%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SOLUSD | 119.33 | 0.0149 | pay 0.0019% / 1h | 27m 20s | $32.6M | $95.8M | 100x |
| Short | Hibachi SOL/USDT-P | 119.25 | 0.0032 | get 0.0004% / 1h | 27m 20s | $119K | $611K | 20x |
Kraken Futures PF_SOLUSD
Hibachi SOL/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Kraken Futures. 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
- −$24.65
- Price spread: −0.064% → +0.027%
- −$9.13
- Slippage, 4 orders
- −$5.39
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$58.17
- Costs to cover
- 0.244%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; Hibachi: live order book, 57 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 Kraken Futures live order book, 2 min ago | 0.42 bp | 6.9 bp −$7 | 10.0 bp −$100 | 14.3 bp −$1,434 | 27.0 bp −$13.5K |
| Sell Hibachi live order book, 57 min ago | 0.50 bp | 5.0 bp −$5 | 21.7 bp −$217 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin SOL-PERP | −0.0104% | 1h | 119.29 | −0.031% | $37K | $17K | 25x | as long as short |
| Derive SOL-PERP | −0.0086% | 1h | 119.24 | −0.073% | $2.0M | $3.0M | 13x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 119.19 | −0.115% | $845 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0061% | 1h | 119.19 | −0.114% | — | $722K | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0005% / S +0.0004% | 1h | 119.28 | −0.038% | $106K | — | 150x | as long as short |
| dYdX SOL-USD | −0.0001% | 1h | 119.15 | −0.149% | $4.9M | $27.2M | 20x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 119.37 | +0.040% | $1.2M | $20.7M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 119.18 | −0.126% | $178K | $4.0M | 8.3x | as long as short |
| Hibachi SOL/USDT-Pshort | +0.0032% | 1h | 119.25 | −0.064% | $119K | $611K | 20x | |
| Phoenix SOL | +0.0054% | 1h | 119.24 | −0.072% | $6.5M | $13.6M | 25x | as long as short |
Bluefin SOL-PERP
Derive SOL-PERP
Hotstuff SOL-PERP
Vest SOL-PERP
gTrade (Gains Network) SOL/USD
dYdX SOL-USD
Kalshi KXSOLPERP
Perpl SOL
Phoenix SOLShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_SOL_USDC | +0.0067% | 8h | 119.31 | −0.010% | $1.1M | $5.9M | 100x | as long as short |
| Aftermath Perps SOLUSD | +0.0079% | 1h | 119.31 | −0.010% | $24K | $47K | 20x | as long as short |
| BingX SOL-USDC | +0.0080% | 8h | 119.20 | −0.104% | — | $10.5M | — | as long as short |
| HTX SOL-USDT | +0.0084% | 8h | 119.15 | −0.146% | $232.0M | $45.0M | 75x | as long as short |
| Gate SOL_USDT | +0.0087% | 8h | 119.23 | −0.080% | $870.3M | $683.6M | 100x | as long as short |
| 01 Exchange SOLUSD | +0.0088% | 1h | 119.27 | −0.047% | $104K | $154K | 20x | as long as short |
| Lighter SOL | +0.0096% | 1h | 119.17 | −0.131% | $13.6M | $55.8M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 119.17 | −0.134% | $2.1M | $16.8M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 119.30 | −0.020% | $353K | $748K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0100% | 8h | 119.14 | −0.157% | $1.0M | $523K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 119.21 | −0.097% | $47K | $794K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 119.25 | −0.068% | $6.2M | $41.6M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 119.34 | +0.012% | $718.2M | $416.6M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 119.25 | −0.063% | $178.5M | $176.3M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 119.21 | −0.094% | $12.3M | $117.8M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 119.27 | −0.047% | $986.2M | $3.80B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 119.30 | −0.023% | $824.8M | $1.28B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 119.27 | −0.047% | $371.1M | $1.72B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 119.31 | −0.013% | $233K | $886K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 119.25 | −0.060% | $1.9M | $9.0M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 119.16 | −0.142% | $133.7M | $8.0M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 119.25 | −0.064% | $453.5M | $1.12B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 119.25 | −0.061% | $140.9M | $201.4M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 119.31 | −0.012% | $495.7M | $455.7M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 119.18 | −0.122% | $24.1M | $38.6M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 119.26 | −0.055% | $27.9M | $128.1M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 119.21 | −0.097% | $95.7M | $400.5M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 119.31 | −0.016% | $48.8M | $31.8M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 119.25 | −0.061% | $1.5M | $6.2M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 119.28 | −0.038% | $1.4M | $13.4M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 119.25 | −0.064% | $366K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 119.25 | −0.065% | $201K | $1.7M | 20x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 119.23 | −0.083% | $194K | $1.9M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 119.29 | −0.030% | $6.3M | $10.8M | 20x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 119.18 | −0.122% | $46.5M | $102.3M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 119.27 | −0.043% | $8.7M | $36.3M | 50x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0112% | 1h | 119.34 | +0.009% | $8.2M | $415.8M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 119.20 | −0.108% | — | $223.3M | 500x | as long as short |
| Kraken Futures PF_SOLUSDlong | +0.0149% | 1h | 119.33 | long leg | $32.6M | $95.8M | 100x | |
| Deribit SOL_USDC-PERPETUAL | +0.0162% | 1h | 119.38 | +0.044% | $26.7M | $27.6M | 50x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0171% / S −0.0085% | 1h | 119.28 | −0.040% | $3.6M | — | 200x | as long as short |
| Reya SOLRUSDPERP | +0.0181% | 1h | 119.22 | −0.092% | $1.1M | $557K | 25x | as long as short |
| RISEx SOL/USDC | +0.0192% | 1h | 119.25 | −0.060% | $1.7M | $6.0M | 20x | as long as short |
| Injective SOL/USDC PERP | +0.0213% | 1h | 119.38 | +0.045% | $4K | $2K | 12x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 119.28 | −0.038% | $52.3M | $82.8M | 125x | as long as short |
Orderly PERP_SOL_USDC
Aftermath Perps SOLUSD
BingX SOL-USDC
HTX SOL-USDT
Gate SOL_USDT
01 Exchange SOLUSD
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
Bulk 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
Extended SOL-USD
Coinbase International SOL-PERP-INTX
Jupiter Perps SOL-PERP
Deribit SOL_USDC-PERPETUAL
GMX SOL/USD [SOL-USDC]
Reya SOLRUSDPERP
RISEx SOL/USDC
Injective SOL/USDC PERP
BloFin SOL-USDT