SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0314%/8h= −34.4% APRnext payment −$0.39 per $10,000 · paid last 24h +0.017%

Price spread now: Hibachi against Phoenix−0.119%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$210.205% of the position

Long on Phoenix Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.337%−$34 on $10k

Price spread, last 4 days (all we have)+0.065%+$7 · spread now −0.119%, 7d avg −0.061%

Together, before fees−0.271%+ Points / potential airdropHibachi: Active · farm board−$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Hibachi is 0.058% cheaper against Phoenix than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.061%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix SOL	116.55	0.0178	pay 0.0022% / 1h	37m 21s	$6.5M	$13.6M	25x
Short	Hibachi SOL/USDT-P	116.41	−0.0136	pay 0.0017% / 1h	37m 21s	$96K	$686K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Phoenix. 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 PhoenixbpFee HibachibpOrdersPrice spread, now −0.119%Rate

Funding earned: −$65.93
Price spread: −0.119% → −0.061%: −$5.78
Slippage, 4 orders: −$4.5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$92.21
Costs to cover: 0.205%
Break-even: never at this rate

Slippage from Phoenix: live order book, 7 min ago; Hibachi: live order book, 7 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 Phoenix live order book, 7 min ago	0.86 bp	4.6 bp −$5	5.7 bp −$57	15.3 bp −$1,533	doesn't fit
Sell Hibachi live order book, 7 min ago	0.56 bp	5.2 bp −$5	22.3 bp −$223	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
Hibachi SOL/USDT-Pshort	−0.0136%	1h	116.41	−0.119%	$96K	$686K	20x
Bybit SOLUSDT	−0.0116%	8h	116.46	−0.077%	$740.3M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.47	−0.068%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.50	−0.044%	$33.0M	$105.3M	100x	as long as short
Derive SOL-PERP	−0.0053%	1h	116.40	−0.128%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0016%	1h	116.45	−0.082%	—	$628K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.42	−0.110%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.49	−0.051%	$1.5M	$19.5M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.45	−0.088%	$110K	$3.6M	8.3x	as long as short
dYdX SOL-USD	+0.0013%	1h	116.47	−0.069%	$4.3M	$23.7M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SOL	+0.0032%	1h	116.45	−0.086%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	116.52	−0.026%	$100K	$177K	20x	as long as short
Bitget SOLUSDT	+0.0047%	8h	116.46	−0.075%	$479.7M	$462.0M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.50	−0.045%	$8.0M	$404.5M	50x	as long as short
SoDEX SOL-USD	+0.0086%	1h	116.47	−0.069%	$6.1M	$10.9M	20x	as long as short
Aster SOLUSDT	+0.0087%	8h	116.47	−0.069%	$175.8M	$174.6M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0088%	1h	116.54	−0.011%	$26.4M	$21.8M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0089%	8h	116.47	−0.066%	$1.0M	$6.0M	100x	as long as short
Paradex SOL-USD-PERP	+0.0095%	8h	116.48	−0.064%	$1.0M	$551K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.45	−0.086%	$13.1M	$60.5M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.49	−0.052%	$351K	$252K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.43	−0.103%	$64K	$906K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.47	−0.067%	$5.5M	$41.1M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.59	+0.034%	$697.6M	$409.1M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.50	−0.046%	$15.7M	$130.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.48	−0.058%	$967.1M	$3.90B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.46	−0.077%	$368.8M	$1.78B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.41	−0.120%	$217K	$886K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.50	−0.044%	$900K	$8.7M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.48	−0.060%	$843.8M	$667.4M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.48	−0.060%	$362.5M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.47	−0.070%	$129.1M	$232.6M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.47	−0.064%	—	$372.8M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.43	−0.103%	$23.0M	$37.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.51	−0.030%	$24.9M	$111.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.40	−0.128%	$93.4M	$409.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.54	−0.008%	$47.7M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.64	+0.077%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.43	−0.103%	$1.3M	$12.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.48	−0.060%	$312K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.48	−0.057%	$234K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.48	−0.063%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.48	−0.056%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.43	−0.107%	$225.5M	$50.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.42	−0.112%	$45.3M	$105.6M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	0.000%	$124.9M	$24.9M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.43	−0.103%	$8.0M	$39.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.46	−0.080%	—	$236.9M	500x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.50	−0.043%	$4K	$2K	12x	as long as short
Phoenix SOLlong	+0.0178%	1h	116.55	long leg	$6.5M	$13.6M	25x
Reya SOLRUSDPERP	+0.0194%	1h	116.45	−0.082%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.51	−0.034%	$52.2M	$68.0M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.49	−0.049%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.56	+0.010%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0498%	1h	116.55	+0.002%	$25K	$56K	20x	as long as short