Funding you earn now, next payment 08:00 UTC+0.0216%/8h= +23.7% APRnext payment +$0.27 per $10,000 · paid last 24h −0.031%
Price spread now: Lighter RH against Hibachi−0.028%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$140.141% of the position
Funding, last 7 days+0.063%+$6 on $10k
+Price spread, last 4 days (all we have)−1.513%−$151 · spread now −0.028%, 7d avg −0.036%
=Together, before fees−1.451%+ Points / potential airdropHibachi: Active · Lighter RH: Points live · farm board−$145 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.036%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.063% in total (about 3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.27 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 | 116.66 | −0.0184 | get 0.0023% / 1h | 50m 06s | $97K | $681K | 20x |
| Short | Lighter RH SOL | 116.63 | 0.0032 | get 0.0004% / 1h | 50m 06s | $2.2M | $16.6M | 25x |
Hibachi SOL/USDT-P
Lighter RH SOLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Hibachi. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $45.36
- Price spread: −0.028% → −0.036%
- $0.85
- Slippage, 4 orders
- −$5.06
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $32.14
- Costs to cover
- 0.141%
- Break-even
- 2.0 days
Slippage from Hibachi: live order book, 54 min ago; Lighter RH: live order book, 4 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, 54 min ago | 0.56 bp | 6.0 bp −$6 | 15.4 bp −$154 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 1.16 bp | 1.2 bp −$1 | 2.1 bp −$21 | 24.9 bp −$2,486 | 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-Plong | −0.0184% | 1h | 116.66 | long leg | $97K | $681K | 20x | |
| Kraken Futures PF_SOLUSD | −0.0153% | 1h | 116.67 | +0.011% | $32.3M | $106.0M | 100x | as long as short |
| Bybit SOLUSDT | −0.0113% | 8h | 116.63 | −0.024% | $737.5M | $1.43B | 100x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 116.55 | −0.091% | $1K | $8K | 25x | as long as short |
| Derive SOL-PERP | −0.0061% | 1h | 116.54 | −0.101% | $1.9M | $3.0M | 13x | as long as short |
| Injective SOL/USDC PERP | −0.0055% | 1h | 116.62 | −0.033% | $4K | $2K | 12x | as long as short |
| Vest SOL-PERP | −0.0046% | 1h | 116.54 | −0.103% | — | $633K | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0001% / S +0.0004% | 1h | 116.58 | −0.067% | $42K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 116.56 | −0.083% | $1.5M | $19.3M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 116.66 | +0.002% | $107K | $3.5M | 8.3x | as long as short |
Kraken Futures PF_SOLUSD
Bybit SOLUSDT
Hotstuff SOL-PERP
Derive SOL-PERP
Injective SOL/USDC PERP
Vest SOL-PERP
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
Perpl SOLShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX SOL-USD | +0.0003% | 1h | 116.73 | +0.060% | $4.3M | $23.6M | 20x | as long as short |
| Bitget SOLUSDT | +0.0030% | 8h | 116.62 | −0.033% | $481.2M | $458.0M | 100x | as long as short |
| Lighter RH SOLshort | +0.0032% | 1h | 116.63 | −0.028% | $2.2M | $16.6M | 25x | |
| SoDEX SOL-USD | +0.0042% | 1h | 116.63 | −0.024% | $6.1M | $11.0M | 20x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0048% | 1h | 116.66 | +0.004% | $8.0M | $401.9M | 50x | as long as short |
| 01 Exchange SOLUSD | +0.0056% | 1h | 116.58 | −0.067% | $99K | $176K | 20x | as long as short |
| Aster SOLUSDT | +0.0066% | 8h | 116.62 | −0.036% | $176.9M | $168.8M | 100x | as long as short |
| Orderly PERP_SOL_USDC | +0.0078% | 8h | 116.60 | −0.049% | $1.0M | $5.9M | 100x | as long as short |
| Paradex SOL-USD-PERP | +0.0094% | 8h | 116.55 | −0.094% | $1.0M | $554K | 50x | as long as short |
| Lighter SOL | +0.0096% | 1h | 116.65 | −0.007% | $13.2M | $60.3M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 116.61 | −0.039% | $351K | $256K | 20x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 116.51 | −0.127% | $66K | $909K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 116.53 | −0.107% | $5.3M | $41.5M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 116.74 | +0.070% | $702.0M | $407.0M | 20x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 116.60 | −0.048% | $15.7M | $130.5M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 116.63 | −0.024% | $966.0M | $3.87B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 116.64 | −0.016% | $367.6M | $1.77B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 116.48 | −0.153% | $216K | $824K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 116.56 | −0.081% | $898K | $8.5M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 116.55 | −0.092% | $125.5M | $25.2M | 20x | as long as short |
| Gate SOL_USDT | +0.0100% | 8h | 116.64 | −0.016% | $850.3M | $658.1M | 100x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 116.63 | −0.024% | $373.6M | $1.06B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 116.64 | −0.018% | $132.9M | $233.1M | 75x | as long as short |
| BingX SOL-USDC | +0.0100% | 8h | 116.58 | −0.068% | — | $10.7M | — | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 116.65 | −0.007% | $23.1M | $36.7M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 116.53 | −0.108% | $25.0M | $110.1M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 116.48 | −0.150% | $93.5M | $406.3M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 116.55 | −0.091% | $47.7M | $29.6M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 116.53 | −0.113% | $1.2M | $6.8M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 116.59 | −0.059% | $1.3M | $11.7M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 116.54 | −0.102% | $312K | $2.8M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 116.57 | −0.074% | $242K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 116.60 | −0.048% | $27K | $36K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 116.56 | −0.081% | $189K | $1.8M | 30x | as long as short |
| HTX SOL-USDT | +0.0100% | 8h | 116.61 | −0.043% | $225.8M | $50.6M | 75x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 116.63 | −0.024% | $45.4M | $104.7M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 116.58 | −0.070% | $8.2M | $38.3M | 50x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0111% | 1h | 116.69 | +0.029% | $26.4M | $21.8M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0056% | 1h | 116.57 | −0.078% | — | $234.0M | 500x | as long as short |
| Phoenix SOL | +0.0130% | 1h | 116.59 | −0.059% | $6.5M | $13.6M | 25x | as long as short |
| Reya SOLRUSDPERP | +0.0195% | 1h | 116.51 | −0.125% | $1.1M | $545K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 116.57 | −0.076% | $52.1M | $66.6M | 125x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0231% / S −0.0169% | 1h | 116.58 | −0.065% | $3.5M | — | 200x | as long as short |
| RISEx SOL/USDC | +0.0485% | 1h | 116.63 | −0.027% | $2.1M | $4.8M | 20x | as long as short |
| Aftermath Perps SOLUSD | +0.0489% | 1h | 116.63 | −0.027% | $25K | $57K | 20x | as long as short |
dYdX SOL-USD
Bitget SOLUSDT
SoDEX SOL-USD
Coinbase International SOL-PERP-INTX
01 Exchange SOLUSD
Aster SOLUSDT
Orderly PERP_SOL_USDC
Paradex SOL-USD-PERP
Lighter SOL
Aevo SOL-PERP
Katana Perps SOL-USD
Nado SOL-PERP
Hyperliquid SOL
Pacifica SOL
Binance SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus SOL-USD
Bulk SOL-USD
Gate SOL_USDT
MEXC SOL_USDT
KuCoin SOLUSDTM
BingX SOL-USDC
Backpack SOL_USDC_PERP
Variational Omni SOL
edgeX SOLUSDC
GRVT SOL_USDT_Perp
ApeX Omni SOLUSDT
StandX SOL-USD
Polymarket Perps SOL-USD
Bullet SOL-USD
Bluefin SOL-PERP
SunX SOL-USDT
HTX SOL-USDT
Phemex SOLUSDT
Extended SOL-USD
Deribit SOL_USDC-PERPETUAL
Jupiter Perps SOL-PERP
Phoenix SOL
Reya SOLRUSDPERP
BloFin SOL-USDT
GMX SOL/USD [SOL-USDC]
RISEx SOL/USDC
Aftermath Perps SOLUSD