SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0222%/8h= +24.3% APRnext payment +$0.28 per $10,000 · paid last 24h −0.044%

Price spread now: Deribit against Hibachi−0.083%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$210.208% of the position

Long on Hibachi Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 4 days (all we have)+0.028%+$3 · spread now −0.083%, 7d avg −0.004%

Together, before fees−0.010%+ Points / potential airdropHibachi: Active · farm board−$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.079% cheaper against Hibachi than usual: you would sell low and buy high (spread −0.083% now, against its 7-day average of −0.004%). If the spread goes back, that is −$8 on $10k: about 28 hours of funding at the current rate (+$7 a day).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.038% in total (about -2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.28 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	Hibachi SOL/USDT-P	116.48	−0.0144	get 0.0018% / 1h	37m 09s	$96K	$684K	20x
Short	Deribit SOL_USDC-PERPETUAL	116.38	0.0078	get 0.0010% / 1h	37m 09s	$26.4M	$22.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.083%Rate

Funding earned: $46.69
Price spread: −0.083% → −0.004%: −$7.87
Slippage, 4 orders: −$4.79
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $18.03
Costs to cover: 0.208%
Break-even: 4.3 days

Slippage from Hibachi: live order book, 2 min ago; Deribit: live order book, 2 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, 2 min ago	1.07 bp	5.6 bp −$6	18.9 bp −$189	doesn't fit	doesn't fit
Sell Deribit live order book, 2 min ago	0.04 bp	5.0 bp −$5	5.6 bp −$56	13.2 bp −$1,324	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	−0.0153%	1h	116.33	−0.123%	$32.4M	$106.4M	100x	as long as short
Hibachi SOL/USDT-Plong	−0.0144%	1h	116.48	long leg	$96K	$684K	20x
Bybit SOLUSDT	−0.0110%	8h	116.32	−0.139%	$735.4M	$1.43B	100x	as long as short
Derive SOL-PERP	−0.0088%	1h	116.39	−0.076%	$1.9M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.41	−0.058%	$1K	$8K	25x	as long as short
Injective SOL/USDC PERP	−0.0055%	1h	116.85	+0.319%	$4K	$2K	12x	as long as short
Vest SOL-PERP	−0.0050%	1h	116.34	−0.120%	—	$633K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.35	−0.111%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.40	−0.063%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.34	−0.115%	$106K	$3.5M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0006%	1h	116.35	−0.110%	$4.3M	$23.5M	20x	as long as short
SoDEX SOL-USD	+0.0008%	1h	116.30	−0.153%	$6.1M	$11.0M	20x	as long as short
Lighter RH SOL	+0.0024%	1h	116.28	−0.166%	$2.1M	$16.7M	25x	as long as short
Bitget SOLUSDT	+0.0024%	8h	116.35	−0.113%	$480.0M	$458.0M	100x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.34	−0.118%	$99K	$179K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.33	−0.131%	$7.9M	$400.7M	50x	as long as short
Aster SOLUSDT	+0.0057%	8h	116.37	−0.093%	$176.8M	$168.8M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0074%	8h	116.31	−0.148%	$1.0M	$5.9M	100x	as long as short
Deribit SOL_USDC-PERPETUALshort	+0.0078%	1h	116.38	−0.083%	$26.4M	$22.0M	50x
Paradex SOL-USD-PERP	+0.0093%	8h	116.41	−0.062%	$1.0M	$554K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.28	−0.166%	$13.1M	$60.5M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.34	−0.122%	$350K	$256K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.29	−0.161%	$64K	$913K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.39	−0.071%	$5.5M	$41.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.42	−0.050%	$702.0M	$405.9M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.42	−0.054%	$15.7M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.34	−0.118%	$964.1M	$3.87B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.39	−0.076%	$367.7M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.37	−0.093%	$218K	$830K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.37	−0.094%	$890K	$8.5M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.35	−0.110%	$846.0M	$662.4M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.27	−0.179%	$368.3M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.31	−0.146%	$132.0M	$233.9M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.32	−0.132%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.36	−0.101%	$23.0M	$35.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.64	+0.141%	$25.0M	$108.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.49	+0.013%	$93.5M	$405.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.54	+0.053%	$47.7M	$29.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.72	+0.208%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.51	+0.027%	$1.3M	$11.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.32	−0.136%	$314K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.34	−0.119%	$248K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.33	−0.125%	$26K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.30	−0.150%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.29	−0.161%	$225.1M	$50.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.32	−0.136%	$45.2M	$104.5M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	+0.062%	$126.1M	$26.3M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.26	−0.184%	$8.2M	$37.4M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.35	−0.114%	—	$233.8M	500x	as long as short
Phoenix SOL	+0.0130%	1h	116.76	+0.242%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0195%	1h	116.29	−0.166%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.27	−0.179%	$51.8M	$65.8M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.34	−0.118%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0480%	1h	116.60	+0.107%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0485%	1h	116.41	−0.056%	$2.1M	$4.8M	20x	as long as short