SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.03 per $10,000 · paid last 24h −0.062%

Price spread now: Bullet against Hibachi−0.052%7-day average −0.027% · 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−$250.249% of the position

Long on Hibachi Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.028%−$3 on $10k

Price spread, last 3 days (all we have)+0.081%+$8 · spread now −0.052%, 7d avg −0.027%

Together, before fees+0.053%+ Points / potential airdropHibachi: Active · farm board+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bullet is 0.025% cheaper against Hibachi than usual: you would sell low and buy high (spread −0.052% now, against its 7-day average of −0.027%). If the spread goes back, that is −$2 on $10k: about 2.9 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi SOL/USDT-P	118.58	0.0072	pay 0.0009% / 1h	48m 25s	$121K	$634K	20x
Short	Bullet SOL-USD	118.52	0.0100	get 0.0013% / 1h	48m 25s	$202K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Hibachi. 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 HibachibpFee BulletbpOrdersPrice spread, now −0.052%Rate

Funding earned: $5.88
Price spread: −0.052% → −0.027%: −$2.47
Slippage, 4 orders: −$7.88
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$21.47
Costs to cover: 0.249%
Break-even: 32.6 days

Slippage from Hibachi: live order book, 26 min ago; Bullet: live order book, 1 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 Hibachi live order book, 26 min ago	0.04 bp	5.3 bp −$5	19.1 bp −$191	doesn't fit	doesn't fit
Sell Bullet live order book, 1 min ago	0.21 bp	6.2 bp −$6	8.7 bp −$87	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
ApeX Omni SOLUSDT	−0.0116%	1h	118.53	−0.046%	$1.5M	$6.1M	50x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.55	−0.033%	$840	$8K	25x	as long as short
Vest SOL-PERP	−0.0078%	1h	118.51	−0.064%	—	$612K	20x	as long as short
Derive SOL-PERP	−0.0062%	1h	118.45	−0.116%	$2.0M	$2.8M	13x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	118.51	−0.061%	$32.3M	$97.4M	100x	as long as short
dYdX SOL-USD	−0.0009%	1h	118.60	+0.013%	$4.8M	$27.7M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.55	−0.029%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.59	+0.006%	$1.2M	$20.6M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.57	−0.012%	$158K	$3.9M	8.3x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	118.59	+0.004%	$103K	$158K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	+0.0062%	1h	118.56	−0.018%	$26.6M	$25.2M	50x	as long as short
Hibachi SOL/USDT-Plong	+0.0072%	1h	118.58	long leg	$121K	$634K	20x
Orderly PERP_SOL_USDC	+0.0079%	8h	118.55	−0.034%	$1.0M	$5.9M	100x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.56	−0.023%	—	$368.7M	—	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	118.61	+0.018%	$8.1M	$414.4M	50x	as long as short
Lighter SOL	+0.0096%	1h	118.57	−0.015%	$14.0M	$55.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.57	−0.015%	$2.1M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.54	−0.035%	$347K	$321K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.57	−0.009%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.56	−0.021%	$47K	$787K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.56	−0.025%	$5.8M	$41.1M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.55	−0.029%	$178.1M	$177.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.60	+0.015%	$12.2M	$123.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.54	−0.034%	$976.5M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.56	−0.021%	$821.6M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.52	−0.055%	$369.8M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.56	−0.021%	$232K	$871K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.59	+0.001%	$1.9M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.55	−0.029%	$133.5M	$4.7M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	118.53	−0.046%	$858.3M	$660.4M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.56	−0.021%	$425.7M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.55	−0.028%	$137.7M	$207.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.50	−0.072%	$491.5M	$448.1M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.58	−0.004%	$24.1M	$37.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.57	−0.015%	$27.0M	$128.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.67	+0.069%	$95.3M	$403.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.67	+0.072%	$48.6M	$30.5M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.60	+0.013%	$1.3M	$13.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.54	−0.038%	$358K	$2.5M	20x	as long as short
Bullet SOL-USDshort	+0.0100%	1h	118.52	−0.052%	$202K	$1.7M	20x
Bluefin SOL-PERP	+0.0100%	1h	118.52	−0.052%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.57	−0.014%	$192K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.52	−0.055%	$6.2M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	118.53	−0.043%	$230.7M	$44.8M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.56	−0.021%	$46.4M	$101.6M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	118.50	−0.075%	$8.6M	$35.9M	50x	as long as short
Hyperliquid SOL	+0.0107%	1h	118.66	+0.065%	$718.4M	$404.0M	20x	as long as short
Phoenix SOL	+0.0114%	1h	118.79	+0.173%	$6.6M	$13.6M	25x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.56	−0.024%	—	$223.3M	500x	as long as short
Aftermath Perps SOLUSD	+0.0130%	1h	118.64	+0.048%	$25K	$50K	20x	as long as short
RISEx SOL/USDC	+0.0161%	1h	118.53	−0.042%	$1.8M	$4.7M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0166% / S −0.0066%	1h	118.53	−0.043%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	118.66	+0.063%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0185%	1h	118.54	−0.039%	$1.1M	$529K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.53	−0.046%	$51.9M	$79.4M	125x	as long as short