Funding you earn now, next payment 07:00 UTC−0.0284%/8h= −31.1% APRpaid last 24h +0.039%
Price spread now: Hibachi against Phemex+0.048%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$270.266% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 4 days (all we have)+0.007%+$1 · spread now +0.048%, 7d avg +0.022%
=Together, before fees−0.003%+ Points / potential airdropHibachi: Active · farm board$0 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hibachi is 0.026% dearer against Phemex than usual: you sell high and buy low (spread +0.048% now, against its 7-day average of +0.022%): +$3 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.010% in total) that is about 19 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.010% in total (about -0.5% a year). A funding rate is set anew for every payment. 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 | Phemex SOLUSDT | 116.56 | 0.0100 | pay 0.0100% / 8h | 1h 14m | $45.4M | $105.1M | 50x |
| Short | Hibachi SOL/USDT-P | 116.62 | −0.0184 | pay 0.0023% / 1h | 14m 21s | $97K | $688K | 20x |
Phemex SOLUSDT
Hibachi SOL/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Phemex. 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
- −$59.64
- Price spread: +0.048% → +0.022%
- $2.62
- Slippage, 4 orders
- −$5.63
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$83.65
- Costs to cover
- 0.266%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; Hibachi: live order book, 30 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 Phemex live order book, 5 min ago | 0.43 bp | 8.2 bp −$8 | 9.0 bp −$90 | 16.9 bp −$1,692 | doesn't fit |
| Sell Hibachi live order book, 30 min ago | 0.56 bp | 5.2 bp −$5 | 22.3 bp −$223 | doesn't fit | doesn't fit |
SOL on 54 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-Pshort | −0.0184% | 1h | 116.62 | +0.048% | $97K | $688K | 20x | |
| Bybit SOLUSDT | −0.0113% | 8h | 116.58 | +0.017% | $739.2M | $1.44B | 100x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 116.60 | +0.034% | $1K | $8K | 25x | as long as short |
| Kraken Futures PF_SOLUSD | −0.0072% | 1h | 116.60 | +0.038% | $32.3M | $106.2M | 100x | as long as short |
| Vest SOL-PERP | −0.0044% | 1h | 116.55 | −0.006% | — | $634K | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0001% / S +0.0004% | 1h | 116.57 | +0.009% | $42K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 116.63 | +0.058% | $1.5M | $19.4M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 116.58 | +0.015% | $106K | $3.6M | 8.3x | as long as short |
| dYdX SOL-USD | +0.0017% | 1h | 116.62 | +0.051% | $4.3M | $23.6M | 20x | as long as short |
| Bitget SOLUSDT | +0.0040% | 8h | 116.56 | −0.003% | $480.4M | $459.7M | 100x | as long as short |
Bybit SOLUSDT
Hotstuff SOL-PERP
Kraken Futures PF_SOLUSD
Vest SOL-PERP
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
Perpl SOL
dYdX SOL-USD
Bitget SOLUSDTShow all 54 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH SOL | +0.0048% | 1h | 116.60 | +0.037% | $2.2M | $16.9M | 25x | as long as short |
| 01 Exchange SOLUSD | +0.0048% | 1h | 116.59 | +0.026% | $99K | $178K | 20x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0048% | 1h | 116.61 | +0.047% | $8.0M | $403.5M | 50x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0060% | 1h | 116.64 | +0.069% | $26.4M | $21.7M | 50x | as long as short |
| Aster SOLUSDT | +0.0080% | 8h | 116.59 | +0.021% | $176.6M | $170.4M | 100x | as long as short |
| Orderly PERP_SOL_USDC | +0.0085% | 8h | 116.58 | +0.015% | $1.0M | $5.9M | 100x | as long as short |
| Paradex SOL-USD-PERP | +0.0092% | 8h | 116.58 | +0.015% | $1.0M | $553K | 50x | as long as short |
| SoDEX SOL-USD | +0.0095% | 1h | 116.56 | 0.000% | $6.1M | $11.0M | 20x | as long as short |
| Lighter SOL | +0.0096% | 1h | 116.61 | +0.043% | $13.1M | $61.1M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 116.57 | +0.011% | $351K | $252K | 20x | as long as short |
| Katana Perps SOL-USD | +0.0099% | 8h | 116.55 | −0.009% | $66K | $912K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 116.59 | +0.027% | $5.5M | $41.2M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 116.67 | +0.094% | $698.8M | $408.4M | 20x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 116.66 | +0.084% | $15.7M | $130.6M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 116.58 | +0.020% | $966.9M | $3.88B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 116.58 | +0.017% | $367.4M | $1.77B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 116.57 | +0.009% | $217K | $837K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 116.59 | +0.027% | $899K | $8.7M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 116.74 | +0.151% | $125.3M | $26.2M | 20x | as long as short |
| Gate SOL_USDT | +0.0100% | 8h | 116.56 | 0.000% | $849.7M | $674.5M | 100x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 116.55 | −0.009% | $367.2M | $1.08B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 116.62 | +0.055% | $133.0M | $233.6M | 75x | as long as short |
| BingX SOL-USDT | +0.0100% | 8h | 116.59 | +0.022% | — | $374.6M | — | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 116.64 | +0.069% | $23.1M | $37.0M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 116.55 | −0.005% | $25.0M | $111.0M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 116.67 | +0.097% | $93.7M | $409.6M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 116.73 | +0.147% | $47.7M | $30.4M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 116.71 | +0.129% | $1.2M | $6.8M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 116.61 | +0.043% | $1.3M | $11.9M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 116.55 | −0.009% | $313K | $2.8M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 116.59 | +0.022% | $241K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 116.59 | +0.029% | $27K | $36K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 116.56 | −0.004% | $189K | $1.8M | 30x | as long as short |
| HTX SOL-USDT | +0.0100% | 8h | 116.62 | +0.050% | $225.8M | $50.7M | 75x | as long as short |
| Phemex SOLUSDTlong | +0.0100% | 8h | 116.56 | long leg | $45.4M | $105.1M | 50x | |
| Extended SOL-USD | +0.0104% | 1h | 116.52 | −0.033% | $8.0M | $38.2M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0056% | 1h | 116.63 | +0.060% | — | $237.1M | 500x | as long as short |
| Injective SOL/USDC PERP | +0.0176% | 1h | 116.69 | +0.112% | $4K | $2K | 12x | as long as short |
| Phoenix SOL | +0.0178% | 1h | 116.76 | +0.172% | $6.5M | $13.6M | 25x | as long as short |
| Reya SOLRUSDPERP | +0.0194% | 1h | 116.52 | −0.033% | $1.1M | $544K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 116.55 | −0.009% | $52.0M | $66.6M | 125x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0231% / S −0.0169% | 1h | 116.56 | +0.003% | $3.5M | — | 200x | as long as short |
| RISEx SOL/USDC | +0.0451% | 1h | 116.65 | +0.075% | $2.1M | $4.9M | 20x | as long as short |
| Aftermath Perps SOLUSD | +0.0494% | 1h | 116.68 | +0.102% | $25K | $57K | 20x | as long as short |
Lighter RH SOL
01 Exchange SOLUSD
Coinbase International SOL-PERP-INTX
Deribit SOL_USDC-PERPETUAL
Aster SOLUSDT
Orderly PERP_SOL_USDC
Paradex SOL-USD-PERP
SoDEX SOL-USD
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-USDT
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
Extended SOL-USD
Jupiter Perps SOL-PERP
Injective SOL/USDC PERP
Phoenix SOL
Reya SOLRUSDPERP
BloFin SOL-USDT
GMX SOL/USD [SOL-USDC]
RISEx SOL/USDC
Aftermath Perps SOLUSD