SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.12 per $10,000 · paid last 24h −0.029%

Price spread now: Nado against Hibachi−0.064%7-day average −0.026% · 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−$23as in the Price arb table

costs, in and out, $10k−$190.190% of the position

Long on Hibachi Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)+0.051%+$5 · spread now −0.064%, 7d avg −0.026%

Together, before fees+0.046%+ Points / potential airdropHibachi: Active · Nado: Active · farm board+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.038% cheaper against Hibachi than usual: you would sell low and buy high (spread −0.064% now, against its 7-day average of −0.026%). If the spread goes back, that is −$4 on $10k: about 30 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi SOL/USDT-P	116.22	0	get 0.0000% / 1h	5m 05s	$102K	$678K	20x
Short	Nado SOL-PERP	116.15	0.0100	get 0.0012% / 1h	5m 05s	$5.4M	$41.6M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.064%Rate

Funding earned: $21
Price spread: −0.064% → −0.026%: −$3.79
Slippage, 4 orders: −$3.01
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$1.8
Costs to cover: 0.190%
Break-even: 7.6 days

Slippage from Hibachi: live order book, 34 min ago; Nado: 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, 34 min ago	1.07 bp	5.6 bp −$6	18.9 bp −$189	doesn't fit	doesn't fit
Sell Nado live order book, 4 min ago	0.43 bp	3.9 bp −$4	4.6 bp −$46	8.5 bp −$851	29.7 bp −$14.8K

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	116.28	+0.045%	$32.3M	$106.8M	100x	as long as short
Bybit SOLUSDT	−0.0092%	8h	116.21	−0.008%	$733.2M	$1.43B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.30	+0.066%	$1K	$8K	25x	as long as short
Injective SOL/USDC PERP	−0.0055%	1h	116.34	+0.101%	$4K	$2K	12x	as long as short
Vest SOL-PERP	−0.0027%	1h	116.23	+0.005%	—	$649K	20x	as long as short
Derive SOL-PERP	−0.0008%	1h	116.18	−0.040%	$1.8M	$3.0M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.26	+0.036%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.22	0.000%	$1.4M	$19.3M	3.1x	as long as short
Hibachi SOL/USDT-Plong	0.0000%	1h	116.22	long leg	$102K	$678K	20x
Perpl SOL	0.0000%	43m	116.22	0.000%	$99K	$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	+0.0005%	1h	116.20	−0.022%	$4.3M	$23.5M	20x	as long as short
Bitget SOLUSDT	+0.0024%	8h	116.25	+0.021%	$479.9M	$455.9M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.26	+0.031%	$7.8M	$397.2M	50x	as long as short
Aster SOLUSDT	+0.0053%	8h	116.24	+0.015%	$176.7M	$168.5M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0070%	8h	116.25	+0.027%	$1.0M	$6.1M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0076%	1h	116.31	+0.072%	$26.3M	$21.6M	50x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	116.32	+0.084%	$100K	$181K	20x	as long as short
Paradex SOL-USD-PERP	+0.0096%	8h	116.18	−0.040%	$1.0M	$554K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.24	+0.018%	$13.1M	$61.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.23	+0.009%	$2.1M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.23	+0.010%	$351K	$256K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.23	+0.006%	$64K	$912K	20x	as long as short
Nado SOL-PERPshort	+0.0100%	1h	116.15	−0.064%	$5.4M	$41.6M	40x
Hyperliquid SOL	+0.0100%	1h	116.36	+0.118%	$696.0M	$408.4M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.21	−0.014%	$15.7M	$130.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.25	+0.026%	$961.6M	$3.87B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.23	+0.006%	$366.6M	$1.76B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.18	−0.037%	$218K	$854K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.28	+0.049%	$920K	$8.5M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.25	+0.024%	$125.4M	$25.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.23	+0.006%	$844.6M	$671.2M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.26	+0.032%	$370.6M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.25	+0.019%	$129.3M	$236.4M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.21	−0.012%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.27	+0.041%	$22.8M	$35.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.14	−0.072%	$24.8M	$107.4M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.19	−0.029%	$93.3M	$404.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.22	−0.002%	$47.6M	$29.1M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.28	+0.049%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.23	+0.006%	$1.3M	$11.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.25	+0.024%	$318K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.26	+0.032%	$282K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.27	+0.044%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.23	+0.007%	$189K	$1.7M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.23	+0.006%	$6.1M	$11.0M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.21	−0.008%	$225.0M	$50.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.24	+0.015%	$45.2M	$104.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.19	−0.027%	$8.2M	$36.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.17	−0.044%	—	$233.0M	500x	as long as short
Phoenix SOL	+0.0130%	1h	116.33	+0.092%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0196%	1h	116.23	+0.007%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.23	+0.006%	$51.9M	$65.4M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.26	+0.032%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0433%	1h	116.27	+0.042%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0485%	1h	116.34	+0.103%	$2.1M	$4.7M	20x	as long as short