SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.03 per $10,000 · paid last 24h +0.055%

Price spread now: Hibachi against Polymarket Perps+0.156%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$8as in the Price arb table

costs, in and out, $10k−$210.214% of the position

Long on Polymarket Perps Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.113%−$11 · spread now +0.156%, 7d avg +0.019%

Together, before fees−0.114%+ Points / potential airdropHibachi: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Hibachi is 0.137% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.156% now, against its 7-day average of +0.019%): +$14 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 16 days. At the pace of the last 7 days (0.000% in total) that is about years.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SOL-USD	117.34	0.0100	pay 0.0013% / 1h	40m 22s	$352K	$2.4M	20x
Short	Hibachi SOL/USDT-P	117.52	0.0072	get 0.0009% / 1h	40m 22s	$100K	$691K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Polymarket Perps. 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 Polymarket PerpsbpFee HibachibpOrdersPrice spread, now +0.156%Rate

Funding earned: −$5.88
Price spread: +0.156% → +0.019%: $13.69
Slippage, 4 orders: −$4.42
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$13.62
Costs to cover: 0.214%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 3 min ago; Hibachi: live order book, 24 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 Polymarket Perps live order book, 3 min ago	1.28 bp	5.3 bp −$5	7.2 bp −$72	doesn't fit	doesn't fit
Sell Hibachi live order book, 24 min ago	0.04 bp	6.3 bp −$6	22.7 bp −$227	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
Hotstuff SOL-PERP	−0.0080%	1h	117.39	+0.040%	$918	$8K	25x	as long as short
Vest SOL-PERP	−0.0059%	1h	117.30	−0.036%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.33	−0.010%	$31.6M	$98.4M	100x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.27	−0.062%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.34	−0.003%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.38	+0.034%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.33	−0.007%	$1.4M	$19.4M	3.1x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0048%	1h	117.39	+0.039%	$26.4M	$25.2M	50x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	117.40	+0.051%	$100K	$163K	20x	as long as short
HTX SOL-USDT	+0.0056%	8h	117.26	−0.068%	$227.8M	$45.6M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.34	+0.004%	$8.0M	$402.8M	50x	as long as short
Hibachi SOL/USDT-Pshort	+0.0072%	1h	117.52	+0.156%	$100K	$691K	20x
BingX SOL-USDC	+0.0080%	8h	117.30	−0.035%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0089%	8h	117.35	+0.012%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.35	+0.009%	$13.0M	$59.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.34	−0.003%	$2.1M	$16.2M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.33	−0.012%	$344K	$226K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.33	−0.009%	$65K	$839K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.39	+0.047%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.38	+0.031%	$5.8M	$39.5M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.35	+0.008%	$176.1M	$178.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.38	+0.031%	$14.5M	$127.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.33	−0.009%	$965.7M	$3.73B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.36	+0.017%	$819.3M	$1.24B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.35	+0.009%	$365.3M	$1.63B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.38	+0.034%	$238K	$848K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.37	+0.022%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.45	+0.094%	$134.7M	$15.8M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.37	+0.026%	$857.1M	$647.3M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.33	−0.009%	$423.4M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.38	+0.031%	$129.9M	$212.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.33	−0.010%	$486.4M	$433.5M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.29	−0.043%	$23.6M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.24	−0.083%	$24.3M	$117.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.40	+0.051%	$94.3M	$398.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.46	+0.103%	$48.1M	$28.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.39	+0.039%	$1.5M	$5.9M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.52	+0.153%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USDlong	+0.0100%	1h	117.34	long leg	$352K	$2.4M	20x
Bullet SOL-USD	+0.0100%	1h	117.33	−0.010%	$200K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.31	−0.021%	$25K	$27K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.36	+0.017%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.33	−0.009%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.28	−0.051%	$45.6M	$100.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.31	−0.024%	$8.2M	$36.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.31	−0.028%	—	$220.9M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.38	+0.034%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.44	+0.086%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0164%	1h	117.46	+0.102%	$717.5M	$393.5M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.32	−0.021%	$1.1M	$526K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.38	+0.034%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.24	−0.085%	$51.8M	$70.9M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.33	−0.007%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0383%	1h	117.40	+0.050%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.39	+0.043%	$127K	$3.8M	8.3x	as long as short