SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0223%/8h= +24.5% APRnext payment +$0.28 per $10,000 · paid last 24h −0.052%

Price spread now: GMX against Hibachi−0.602%7-day average +0.015% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hibachi Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.043%+$4 on $10k

Price spread, last 3 days (all we have)+0.618%+$62 · spread now −0.602%, 7d avg +0.015%

Together, before fees+0.661%+ Points / potential airdropHibachi: Active · farm board+$66 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.617% cheaper against Hibachi than usual: you would sell low and buy high (spread −0.602% now, against its 7-day average of +0.015%). If the spread goes back, that is −$62 on $10k: about 9.2 days of funding at the current rate (+$7 a day). At the pace of the last 3 days (+0.043% in total) that is about 46 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.043% in total (about 4.9% 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	119.13	−0.0056	get 0.0007% / 1h	2m 00s	$106K	$673K	20x
Short	GMX SOL/USD [SOL-USDC]	118.42	L +0.0233% / S −0.0167%	get 0.0021% / 1h	2m 00s	$3.7M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.602%Rate

Funding earned: $46.9
Price spread: −0.602% → +0.015%: −$61.66
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: −$35.76
Costs to cover: 0.210%
Break-even: 12.3 days

Slippage unknown: Hibachi: live order book, 7 min ago; GMX: no order-book sample. Net counts fees only.

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, 7 min ago	0.67 bp	6.2 bp −$6	22.3 bp −$223	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	118.41	−0.605%	$926	$8K	25x	as long as short
Vest SOL-PERP	−0.0079%	1h	118.43	−0.590%	—	$608K	20x	as long as short
HTX SOL-USDT	−0.0068%	8h	118.12	−0.854%	$229.7M	$44.0M	75x	as long as short
Derive SOL-PERP	−0.0063%	1h	118.29	−0.704%	$2.0M	$2.7M	13x	as long as short
Hibachi SOL/USDT-Plong	−0.0056%	1h	119.13	long leg	$106K	$673K	20x
dYdX SOL-USD	−0.0016%	1h	118.44	−0.583%	$4.8M	$25.5M	20x	as long as short
Gate SOL_USDT	−0.0015%	8h	118.25	−0.742%	$848.3M	$675.3M	100x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	118.17	−0.805%	$31.9M	$97.3M	100x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.42	−0.599%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.51	−0.526%	$1.2M	$20.0M	3.1x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl SOL	0.0000%	43m	118.47	−0.562%	$124K	$3.9M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	118.26	−0.734%	$26.6M	$24.9M	50x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	118.47	−0.557%	$103K	$161K	20x	as long as short
ApeX Omni SOLUSDT	+0.0079%	1h	119.02	−0.095%	$1.5M	$6.1M	50x	as long as short
BingX SOL-USDC	+0.0080%	8h	118.27	−0.727%	—	$10.6M	—	as long as short
Orderly PERP_SOL_USDC	+0.0083%	8h	118.38	−0.630%	$1.0M	$5.9M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	118.24	−0.749%	$8.1M	$407.3M	50x	as long as short
Lighter SOL	+0.0096%	1h	118.23	−0.761%	$13.2M	$57.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.29	−0.710%	$2.2M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.36	−0.653%	$347K	$254K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.39	−0.628%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.44	−0.583%	$44K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.41	−0.608%	$5.8M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.41	−0.608%	$724.4M	$396.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.27	−0.725%	$178.9M	$177.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.48	−0.545%	$12.2M	$125.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.28	−0.717%	$972.9M	$3.75B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.28	−0.716%	$822.7M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.26	−0.734%	$369.9M	$1.67B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.38	−0.633%	$233K	$824K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.41	−0.609%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.26	−0.734%	$427.7M	$1.14B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.28	−0.719%	$138.0M	$203.9M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.24	−0.749%	$491.3M	$441.3M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.29	−0.708%	$23.9M	$36.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.00	−0.110%	$24.9M	$130.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.17	+0.033%	$95.7M	$401.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.04	−0.081%	$48.7M	$29.5M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.73	−0.339%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.41	−0.608%	$353K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.41	−0.610%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.38	−0.634%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.34	−0.665%	$192K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.17	−0.809%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.30	−0.700%	$46.3M	$99.6M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.24	+0.085%	$137.6M	$12.7M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	118.22	−0.765%	$8.4M	$35.5M	50x	as long as short
Phoenix SOL	+0.0114%	1h	119.25	+0.097%	$6.6M	$13.6M	25x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.51	−0.520%	—	$225.2M	500x	as long as short
RISEx SOL/USDC	+0.0161%	1h	118.38	−0.630%	$1.8M	$4.5M	20x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	119.50	+0.307%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0187%	1h	118.40	−0.619%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.42	−0.599%	$51.9M	$73.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]short	L +0.0233% / S −0.0167%	1h	118.42	−0.602%	$3.7M	—	200x
Aftermath Perps SOLUSD	+0.0243%	1h	118.99	−0.121%	$25K	$51K	20x	as long as short