Funding you earn now, next payment 05:00 UTC−0.0256%/8h= −28.0% APRnext payment −$0.32 per $10,000 · paid last 24h +0.048%
Price spread now: Hibachi against Lighter RH+0.133%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$7as in the Price arb table
costs, in and out, $10k−$160.165% of the position
Funding, last 7 days−0.058%−$6 on $10k
+Price spread, last 4 days (all we have)+0.336%+$34 · spread now +0.133%, 7d avg +0.035%
=Together, before fees+0.278%+ Points / potential airdropLighter RH: Points live · Hibachi: Active · farm board+$28 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hibachi is 0.098% dearer against Lighter RH than usual: you sell high and buy low (spread +0.133% now, against its 7-day average of +0.035%): +$10 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 31 hours. At the pace of the last 7 days (−0.058% in total) that is about 12 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.058% in total (about -3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.32 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 | Lighter RH SOL | 116.88 | 0.0096 | pay 0.0012% / 1h | 50m 39s | $2.2M | $16.7M | 25x |
| Short | Hibachi SOL/USDT-P | 117.03 | −0.0160 | pay 0.0020% / 1h | 50m 39s | $103K | $698K | 20x |
Lighter RH SOL
Hibachi SOL/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Lighter RH. 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
- −$53.76
- Price spread: +0.133% → +0.035%
- $9.81
- Slippage, 4 orders
- −$7.47
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$60.42
- Costs to cover
- 0.165%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 3 min ago; Hibachi: live order book, 3 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 Lighter RH live order book, 3 min ago | 1.15 bp | 2.4 bp −$2 | 3.0 bp −$30 | 19.2 bp −$1,922 | doesn't fit |
| Sell Hibachi live order book, 3 min ago | 1.15 bp | 6.5 bp −$6 | 24.9 bp −$249 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SOLUSD | −0.0193% | 1h | 116.96 | +0.071% | $31.2M | $100.7M | 100x | as long as short |
| Hibachi SOL/USDT-Pshort | −0.0160% | 1h | 117.03 | +0.133% | $103K | $698K | 20x | |
| Vest SOL-PERP | −0.0093% | 1h | 116.97 | +0.079% | — | $601K | 20x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 116.98 | +0.085% | $1K | $8K | 25x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0001% / S +0.0004% | 1h | 117.03 | +0.131% | $54K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 117.02 | +0.120% | $1.4M | $19.1M | 3.1x | as long as short |
| dYdX SOL-USD | +0.0004% | 1h | 116.81 | −0.057% | $4.4M | $24.2M | 20x | as long as short |
| Derive SOL-PERP | +0.0030% | 1h | 116.93 | +0.043% | $1.9M | $2.8M | 13x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0048% | 1h | 117.00 | +0.102% | $7.4M | $405.4M | 50x | as long as short |
| Orderly PERP_SOL_USDC | +0.0093% | 8h | 117.00 | +0.104% | $1.0M | $5.8M | 100x | as long as short |
Kraken Futures PF_SOLUSD
Vest SOL-PERP
Hotstuff SOL-PERP
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
dYdX SOL-USD
Derive SOL-PERP
Coinbase International SOL-PERP-INTX
Orderly PERP_SOL_USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter SOL | +0.0096% | 1h | 116.81 | −0.059% | $13.1M | $59.8M | 25x | as long as short |
| Lighter RH SOLlong | +0.0096% | 1h | 116.88 | long leg | $2.2M | $16.7M | 25x | |
| 01 Exchange SOLUSD | +0.0096% | 1h | 116.98 | +0.088% | $99K | $174K | 20x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 116.98 | +0.090% | $348K | $244K | 20x | as long as short |
| Katana Perps SOL-USD | +0.0099% | 8h | 116.72 | −0.134% | $50K | $882K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0100% | 8h | 116.80 | −0.066% | $1.0M | $551K | 50x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 116.92 | +0.039% | $5.5M | $40.0M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 116.98 | +0.088% | $706.3M | $393.5M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 116.98 | +0.086% | $175.1M | $182.9M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 116.84 | −0.036% | $15.8M | $130.2M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 116.82 | −0.051% | $974.8M | $3.81B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 116.66 | −0.187% | $771.7M | $1.37B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 116.73 | −0.126% | $368.6M | $1.69B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 116.90 | +0.020% | $230K | $838K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 116.82 | −0.050% | $926K | $8.8M | 20x | as long as short |
| Gate SOL_USDT | +0.0100% | 8h | 116.84 | −0.032% | $851.0M | $656.6M | 100x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 116.75 | −0.109% | $365.8M | $1.07B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 116.83 | −0.044% | $129.2M | $222.2M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 116.75 | −0.113% | $480.0M | $442.6M | 100x | as long as short |
| BingX SOL-USDT | +0.0100% | 8h | 116.73 | −0.127% | — | $365.7M | — | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 116.96 | +0.071% | $23.2M | $39.1M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 116.95 | +0.066% | $24.6M | $113.9M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 116.88 | +0.004% | $93.8M | $398.9M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 117.05 | +0.148% | $47.8M | $30.4M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 116.99 | +0.100% | $1.2M | $6.7M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 116.99 | +0.097% | $1.3M | $12.8M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 116.99 | +0.097% | $323K | $2.6M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 117.03 | +0.129% | $149K | $1.6M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 116.98 | +0.092% | $25K | $31K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 116.95 | +0.061% | $190K | $1.8M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 116.95 | +0.062% | $6.1M | $10.8M | 20x | as long as short |
| HTX SOL-USDT | +0.0100% | 8h | 117.00 | +0.105% | $226.8M | $47.7M | 75x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 116.97 | +0.080% | $45.8M | $102.6M | 50x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 116.90 | +0.019% | $134.0M | $22.8M | 20x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 116.69 | −0.158% | $8.3M | $37.5M | 50x | as long as short |
| Injective SOL/USDC PERP | +0.0107% | 1h | 116.72 | −0.134% | $4K | $2K | 12x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 117.02 | +0.122% | — | $231.4M | 500x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0134% | 1h | 117.04 | +0.141% | $26.4M | $23.2M | 50x | as long as short |
| Phoenix SOL | +0.0151% | 1h | 117.05 | +0.148% | $6.5M | $13.8M | 25x | as long as short |
| Reya SOLRUSDPERP | +0.0191% | 1h | 117.00 | +0.104% | $1.1M | $541K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 117.00 | +0.105% | $52.0M | $67.7M | 125x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0235% / S −0.0178% | 1h | 117.03 | +0.127% | $3.6M | — | 200x | as long as short |
| Perpl SOL | +0.0447% | 43m | 117.03 | +0.133% | $138K | $3.7M | 8.3x | as long as short |
| Aftermath Perps SOLUSD | +0.0536% | 1h | 116.93 | +0.049% | $25K | $51K | 20x | as long as short |
| RISEx SOL/USDC | +0.0561% | 1h | 116.87 | −0.002% | $1.9M | $4.8M | 20x | as long as short |
Lighter SOL
01 Exchange SOLUSD
Aevo SOL-PERP
Katana Perps SOL-USD
Paradex SOL-USD-PERP
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
Gate SOL_USDT
MEXC SOL_USDT
KuCoin SOLUSDTM
Bitget SOLUSDT
BingX SOL-USDT
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
Bluefin SOL-PERP
SunX SOL-USDT
SoDEX SOL-USD
HTX SOL-USDT
Phemex SOLUSDT
Bulk SOL-USD
Extended SOL-USD
Injective SOL/USDC PERP
Jupiter Perps SOL-PERP
Deribit SOL_USDC-PERPETUAL
Phoenix SOL
Reya SOLRUSDPERP
BloFin SOL-USDT
GMX SOL/USD [SOL-USDC]
Perpl SOL
Aftermath Perps SOLUSD
RISEx SOL/USDC