SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0292%/8h= −32.0% APRnext payment −$0.37 per $10,000 · paid last 24h +0.030%

Price spread now: Hibachi against Bullet−0.029%7-day average +0.030% · 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−$29as in the Price arb table

costs, in and out, $10k−$230.233% of the position

Long on Bullet Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.011%+$1 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.029%, 7d avg +0.030%

Together, before fees+0.045%+ Points / potential airdropHibachi: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Hibachi is 0.059% cheaper against Bullet than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.030%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.011% in total (about 1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.37 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	Bullet SOL-USD	116.64	0.0100	pay 0.0013% / 1h	51m 10s	$242K	$1.7M	20x
Short	Hibachi SOL/USDT-P	116.60	−0.0192	pay 0.0024% / 1h	51m 10s	$97K	$681K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Bullet. 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 BulletbpFee HibachibpOrdersPrice spread, now −0.029%Rate

Funding earned: −$61.32
Price spread: −0.029% → +0.030%: −$5.86
Slippage, 4 orders: −$6.26
Fee Bullet: 4 bp × 2 orders: −$8
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$90.45
Costs to cover: 0.233%
Break-even: never at this rate

Slippage from Bullet: live order book, 3 min ago; Hibachi: live order book, 53 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 Bullet live order book, 3 min ago	0.47 bp	5.8 bp −$6	7.5 bp −$75	doesn't fit	doesn't fit
Sell Hibachi live order book, 53 min ago	0.56 bp	5.2 bp −$5	22.3 bp −$223	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
Hibachi SOL/USDT-Pshort	−0.0192%	1h	116.60	−0.029%	$97K	$681K	20x
Kraken Futures PF_SOLUSD	−0.0153%	1h	116.60	−0.031%	$32.3M	$106.0M	100x	as long as short
Bybit SOLUSDT	−0.0113%	8h	116.57	−0.059%	$737.1M	$1.43B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.52	−0.101%	$1K	$8K	25x	as long as short
Derive SOL-PERP	−0.0061%	1h	116.52	−0.101%	$1.9M	$3.0M	13x	as long as short
Injective SOL/USDC PERP	−0.0055%	1h	116.62	−0.015%	$4K	$2K	12x	as long as short
Vest SOL-PERP	−0.0045%	1h	116.63	−0.002%	—	$633K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.66	+0.019%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.72	+0.074%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.66	+0.021%	$107K	$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	+0.0003%	1h	116.73	+0.078%	$4.3M	$23.6M	20x	as long as short
Bitget SOLUSDT	+0.0030%	8h	116.57	−0.059%	$481.0M	$458.1M	100x	as long as short
Lighter RH SOL	+0.0032%	1h	116.57	−0.057%	$2.2M	$16.6M	25x	as long as short
SoDEX SOL-USD	+0.0044%	1h	116.58	−0.049%	$6.1M	$11.0M	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.61	−0.019%	$8.0M	$401.7M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0052%	1h	116.66	+0.017%	$26.4M	$21.8M	50x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	116.69	+0.045%	$99K	$176K	20x	as long as short
Aster SOLUSDT	+0.0066%	8h	116.58	−0.045%	$176.9M	$168.7M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0079%	8h	116.57	−0.056%	$1.0M	$5.9M	100x	as long as short
Paradex SOL-USD-PERP	+0.0094%	8h	116.69	+0.043%	$1.0M	$554K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.59	−0.038%	$13.2M	$60.2M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.59	−0.038%	$351K	$256K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.62	−0.015%	$66K	$909K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.65	+0.008%	$5.3M	$41.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.77	+0.114%	$702.1M	$407.0M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.71	+0.065%	$15.8M	$130.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.58	−0.049%	$965.6M	$3.86B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.58	−0.049%	$367.5M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.45	−0.160%	$216K	$824K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.68	+0.037%	$899K	$8.5M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	−0.158%	$125.5M	$24.9M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.68	+0.037%	$850.7M	$657.8M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.58	−0.049%	$373.5M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.58	−0.046%	$132.8M	$233.2M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.55	−0.076%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.58	−0.049%	$23.1M	$36.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.38	−0.217%	$24.9M	$110.4M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.48	−0.132%	$93.5M	$406.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.55	−0.073%	$47.7M	$29.6M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.53	−0.094%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.59	−0.040%	$1.3M	$11.7M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.67	+0.028%	$313K	$2.8M	20x	as long as short
Bullet SOL-USDlong	+0.0100%	1h	116.64	long leg	$242K	$1.7M	20x
Bluefin SOL-PERP	+0.0100%	1h	116.61	−0.026%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.58	−0.045%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.62	−0.013%	$225.8M	$50.6M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.63	−0.006%	$45.4M	$104.8M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.55	−0.079%	$8.2M	$38.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.67	+0.032%	—	$234.1M	500x	as long as short
Phoenix SOL	+0.0130%	1h	116.59	−0.040%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0195%	1h	116.64	−0.001%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.57	−0.057%	$52.1M	$66.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.61	−0.024%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0485%	1h	116.73	+0.076%	$2.1M	$4.8M	20x	as long as short
Aftermath Perps SOLUSD	+0.0488%	1h	116.63	−0.006%	$25K	$57K	20x	as long as short