SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.060%

Price spread now: Hibachi against Hyperliquid+0.088%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$250.248% of the position

Long on Hyperliquid Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 3 days (all we have)+0.194%+$19 · spread now +0.088%, 7d avg −0.011%

Together, before fees+0.145%+ Points / potential airdropHyperliquid: Season 2 · Hibachi: Active · farm board+$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hibachi is 0.099% dearer against Hyperliquid than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid SOL	119.47	0.0100	pay 0.0013% / 1h	42m 50s	$723.4M	$412.1M	20x
Short	Hibachi SOL/USDT-P	119.58	0.0104	get 0.0013% / 1h	42m 50s	$122K	$633K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Hyperliquid. 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 HyperliquidbpFee HibachibpOrdersPrice spread, now +0.088%Rate

Funding earned: $0.84
Price spread: +0.088% → −0.011%: $9.89
Slippage, 4 orders: −$6.76
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$14.02
Costs to cover: 0.248%
Break-even: 123.9 days

Slippage from Hyperliquid: live order book, 11 min ago; Hibachi: live order book, 36 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 Hyperliquid live order book, 11 min ago	0.42 bp	6.6 bp −$7	7.5 bp −$75	10.2 bp −$1,017	doesn't fit
Sell Hibachi live order book, 36 min ago	0.84 bp	6.7 bp −$7	23.4 bp −$234	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
Hotstuff SOL-PERP	−0.0080%	1h	119.47	−0.003%	$847	$8K	25x	as long as short
Derive SOL-PERP	−0.0073%	1h	119.35	−0.104%	$2.0M	$2.8M	13x	as long as short
Vest SOL-PERP	−0.0066%	1h	119.42	−0.042%	—	$723K	20x	as long as short
dYdX SOL-USD	−0.0020%	1h	119.55	+0.067%	$5.2M	$27.7M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	119.46	−0.009%	$113K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.55	+0.064%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.50	+0.023%	$177K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	119.43	−0.030%	$26.7M	$26.0M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0072%	8h	119.44	−0.021%	$1.1M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	119.48	+0.008%	$104K	$158K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SOL-USDC	+0.0080%	8h	119.39	−0.063%	—	$10.5M	—	as long as short
Gate SOL_USDT	+0.0089%	8h	119.39	−0.067%	$867.8M	$676.1M	100x	as long as short
HTX SOL-USDT	+0.0091%	8h	119.42	−0.040%	$232.5M	$45.0M	75x	as long as short
ApeX Omni SOLUSDT	+0.0092%	1h	119.57	+0.087%	$1.5M	$6.2M	50x	as long as short
Lighter SOL	+0.0096%	1h	119.40	−0.060%	$13.7M	$55.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.36	−0.091%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.39	−0.065%	$354K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	119.39	−0.063%	$8.2M	$418.5M	50x	as long as short
Aftermath Perps SOLUSD	+0.0097%	1h	119.58	+0.090%	$24K	$47K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	119.43	−0.032%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.45	−0.017%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.48	+0.006%	$6.1M	$40.5M	40x	as long as short
Hyperliquid SOLlong	+0.0100%	1h	119.47	long leg	$723.4M	$412.1M	20x
Aster SOLUSDT	+0.0100%	8h	119.39	−0.063%	$178.8M	$175.7M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.51	+0.033%	$12.3M	$120.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.37	−0.082%	$985.1M	$3.82B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.40	−0.062%	$831.8M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.35	−0.100%	$372.9M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.48	+0.008%	$234K	$873K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.50	+0.023%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.65	+0.151%	$134.3M	$6.6M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.40	−0.059%	$458.6M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.41	−0.054%	$139.5M	$204.6M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.36	−0.089%	$497.0M	$456.3M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.41	−0.050%	$24.3M	$38.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.65	+0.151%	$27.4M	$129.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.60	+0.107%	$96.1M	$402.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.53	+0.051%	$48.9M	$31.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.59	+0.100%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.44	−0.025%	$369K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.44	−0.029%	$203K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.44	−0.022%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.47	+0.002%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.37	−0.084%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.40	−0.059%	$46.6M	$102.7M	50x	as long as short
Phoenix SOL	+0.0100%	1h	119.70	+0.193%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	119.37	−0.081%	$8.7M	$35.9M	50x	as long as short
Hibachi SOL/USDT-Pshort	+0.0104%	1h	119.58	+0.088%	$122K	$633K	20x
Kraken Futures PF_SOLUSD	+0.0105%	1h	119.38	−0.076%	$32.7M	$97.0M	100x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.45	−0.015%	—	$224.9M	500x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0169% / S −0.0102%	1h	119.45	−0.017%	$3.8M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	119.60	+0.109%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0183%	1h	119.42	−0.039%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.40	−0.059%	$52.1M	$83.2M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	119.49	+0.013%	$1.7M	$5.2M	20x	as long as short