SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.04 per $10,000 · paid last 24h +0.064%

Price spread now: Hibachi against Nado−0.049%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$200.198% of the position

Long on Nado Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.024%+$2 on $10k

Price spread, last 3 days (all we have)+0.063%+$6 · spread now −0.049%, 7d avg +0.023%

Together, before fees+0.087%+ Points / potential airdropNado: Active · Hibachi: Active · farm board+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Hibachi is 0.072% cheaper against Nado than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.023%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado SOL-PERP	119.58	0.0100	pay 0.0012% / 1h	24m 21s	$6.5M	$41.7M	40x
Short	Hibachi SOL/USDT-P	119.52	0.0064	get 0.0008% / 1h	24m 21s	$122K	$602K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Nado. 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 NadobpFee HibachibpOrdersPrice spread, now −0.049%Rate

Funding earned: −$7.56
Price spread: −0.049% → +0.023%: −$7.22
Slippage, 4 orders: −$3.77
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$34.55
Costs to cover: 0.198%
Break-even: never at this rate

Slippage from Nado: live order book, 5 min ago; Hibachi: live order book, 64 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 Nado live order book, 5 min ago	0.42 bp	3.9 bp −$4	4.5 bp −$45	10.6 bp −$1,059	28.2 bp −$14.1K
Sell Hibachi live order book, 64 min ago	0.76 bp	5.6 bp −$6	27.0 bp −$270	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
Injective SOL/USDC PERP	−0.0151%	1h	119.15	−0.360%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.56	−0.014%	$848	$8K	25x	as long as short
Vest SOL-PERP	−0.0076%	1h	119.56	−0.020%	—	$724K	20x	as long as short
Derive SOL-PERP	−0.0047%	1h	119.62	+0.033%	$2.0M	$3.2M	13x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.60	+0.015%	$4.9M	$26.9M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.70	+0.097%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.49	−0.075%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.62	+0.030%	$180K	$4.0M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0016%	1h	119.30	−0.235%	$24K	$47K	20x	as long as short
HTX SOL-USDT	+0.0060%	8h	119.46	−0.099%	$232.8M	$43.7M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0060%	8h	119.71	+0.110%	$1.1M	$5.9M	100x	as long as short
Hibachi SOL/USDT-Pshort	+0.0064%	1h	119.52	−0.049%	$122K	$602K	20x
01 Exchange SOLUSD	+0.0072%	1h	119.62	+0.033%	$105K	$152K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0073%	1h	119.75	+0.145%	$26.9M	$27.7M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.67	+0.078%	—	$10.5M	—	as long as short
Gate SOL_USDT	+0.0087%	8h	119.61	+0.025%	$872.7M	$683.5M	100x	as long as short
ApeX Omni SOLUSDT	+0.0091%	1h	119.29	−0.243%	$1.5M	$6.2M	50x	as long as short
Lighter SOL	+0.0096%	1h	119.58	+0.004%	$13.7M	$54.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.58	−0.002%	$2.1M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.67	+0.075%	$356K	$741K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.54	−0.030%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.57	−0.009%	$45K	$783K	20x	as long as short
Nado SOL-PERPlong	+0.0100%	1h	119.58	long leg	$6.5M	$41.7M	40x
Hyperliquid SOL	+0.0100%	1h	119.71	+0.109%	$722.7M	$409.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.61	+0.026%	$180.1M	$175.1M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.62	+0.035%	$12.4M	$114.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.67	+0.075%	$977.6M	$3.75B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.72	+0.117%	$829.4M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.68	+0.083%	$372.4M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.55	−0.025%	$234K	$876K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.64	+0.047%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.64	+0.050%	$445.4M	$1.09B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.59	+0.009%	$142.8M	$196.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.69	+0.090%	$500.4M	$450.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.60	+0.017%	$24.4M	$38.3M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.50	−0.066%	$27.5M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.25	−0.273%	$95.8M	$398.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.36	−0.184%	$48.8M	$33.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.41	−0.142%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.64	+0.050%	$369K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.66	+0.070%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.70	+0.100%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.66	+0.063%	$195K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.68	+0.083%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.50	−0.067%	$46.7M	$100.5M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.98	−0.501%	$133.4M	$11.1M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	119.67	+0.077%	$8.8M	$37.0M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.74	+0.136%	$8.2M	$417.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.66	+0.070%	—	$217.9M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.53	−0.042%	$6.6M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.63	+0.044%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0179%	1h	119.63	+0.045%	$1.1M	$555K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.53	−0.042%	$51.7M	$86.5M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0222%	1h	119.70	+0.099%	$36.1M	$89.6M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0174%	1h	119.69	+0.090%	$3.6M	—	200x	as long as short