Funding you earn now, next payment 00:00 UTC+0.0184%/8h= +20.2% APRnext payment +$0.23 per $10,000 · paid last 24h +0.100%
Price spread now: Hibachi against Derive+0.216%7-day average +0.056% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.033%−$3 on $10k
+Price spread, last 3 days (all we have)−0.154%−$15 · spread now +0.216%, 7d avg +0.056%
=Together, before fees−0.186%+ Points / potential airdropHibachi: Active · farm board−$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Hibachi is 0.160% dearer against Derive than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.056%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.033% in total (about -1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.23 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 | Derive SOL-PERP | 118.47 | −0.0088 | get 0.0011% / 1h | 20m 59s | $2.0M | $2.8M | 13x |
| Short | Hibachi SOL/USDT-P | 118.72 | 0.0096 | get 0.0012% / 1h | 20m 59s | $120K | $631K | 20x |
Derive SOL-PERP
Hibachi SOL/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Derive. 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
- $38.67
- Price spread: +0.216% → +0.056%
- $15.99
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- $39.66
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Derive: no order-book sample; Hibachi: live order book, 58 min ago. Net counts fees only.
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 Derive no order-book sample | — | — | — | — | — |
| Sell Hibachi live order book, 58 min ago | 0.84 bp | 6.7 bp −$7 | 23.4 bp −$234 | doesn't fit | doesn't fit |
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Derive SOL-PERPlong | −0.0088% | 1h | 118.47 | long leg | $2.0M | $2.8M | 13x | |
| Hotstuff SOL-PERP | −0.0080% | 1h | 118.52 | +0.042% | $840 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0076% | 1h | 118.57 | +0.087% | — | $723K | 20x | as long as short |
| ApeX Omni SOLUSDT | −0.0032% | 1h | 118.43 | −0.030% | $1.5M | $6.2M | 50x | as long as short |
| dYdX SOL-USD | −0.0013% | 1h | 118.68 | +0.185% | $4.8M | $28.0M | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0006% / S +0.0004% | 1h | 118.58 | +0.096% | $112K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 118.65 | +0.159% | $1.3M | $20.8M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 118.67 | +0.172% | $175K | $4.0M | 8.3x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0020% | 1h | 118.59 | +0.108% | $26.6M | $26.0M | 50x | as long as short |
| Orderly PERP_SOL_USDC | +0.0075% | 8h | 118.56 | +0.084% | $1.0M | $5.9M | 100x | as long as short |
Hotstuff SOL-PERP
Vest SOL-PERP
ApeX Omni SOLUSDT
dYdX SOL-USD
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
Perpl SOL
Deribit SOL_USDC-PERPETUAL
Orderly PERP_SOL_USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SOL_USDT | +0.0076% | 8h | 118.67 | +0.172% | $864.8M | $683.4M | 100x | as long as short |
| 01 Exchange SOLUSD | +0.0080% | 1h | 118.69 | +0.189% | $103K | $157K | 20x | as long as short |
| BingX SOL-USDT | +0.0080% | 8h | 118.66 | +0.166% | — | $372.8M | — | as long as short |
| HTX SOL-USDT | +0.0081% | 8h | 118.54 | +0.059% | $230.7M | $45.2M | 75x | as long as short |
| Lighter SOL | +0.0096% | 1h | 118.58 | +0.100% | $13.4M | $56.4M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 118.56 | +0.080% | $2.1M | $17.1M | 25x | as long as short |
| Hibachi SOL/USDT-Pshort | +0.0096% | 1h | 118.72 | +0.216% | $120K | $631K | 20x | |
| Aevo SOL-PERP | +0.0096% | 1h | 118.54 | +0.065% | $351K | $748K | 20x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0096% | 1h | 118.62 | +0.129% | $8.1M | $415.9M | 50x | as long as short |
| Paradex SOL-USD-PERP | +0.0099% | 8h | 118.62 | +0.126% | $1.0M | $521K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 118.64 | +0.147% | $45K | $806K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 118.64 | +0.144% | $5.7M | $40.9M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 118.71 | +0.206% | $717.9M | $410.3M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 118.63 | +0.136% | $178.5M | $178.5M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 118.66 | +0.161% | $12.2M | $121.2M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 118.67 | +0.173% | $977.6M | $3.84B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 118.70 | +0.195% | $823.3M | $1.29B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 118.64 | +0.147% | $369.5M | $1.73B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 118.47 | +0.004% | $228K | $868K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 118.66 | +0.164% | $1.9M | $9.0M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 118.93 | +0.392% | $133.7M | $5.4M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 118.67 | +0.172% | $425.7M | $1.13B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 118.65 | +0.156% | $137.5M | $205.7M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 118.67 | +0.170% | $492.2M | $461.1M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 118.63 | +0.139% | $24.1M | $38.6M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 118.63 | +0.138% | $27.1M | $129.2M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 118.40 | −0.054% | $95.1M | $402.9M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 118.54 | +0.063% | $48.6M | $31.2M | 20x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 118.49 | +0.020% | $1.3M | $13.5M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 118.61 | +0.122% | $361K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 118.61 | +0.120% | $201K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 118.55 | +0.069% | $37K | $17K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 118.59 | +0.109% | $193K | $1.9M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 118.54 | +0.063% | $6.2M | $10.8M | 20x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 118.59 | +0.105% | $46.4M | $102.9M | 50x | as long as short |
| Phoenix SOL | +0.0100% | 1h | 118.46 | −0.005% | $6.6M | $13.7M | 25x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 118.65 | +0.158% | $8.7M | $36.1M | 50x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0106% | 1h | 118.55 | +0.070% | $32.4M | $97.5M | 100x | as long as short |
| Aftermath Perps SOLUSD | +0.0114% | 1h | 118.71 | +0.203% | $24K | $47K | 20x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 118.72 | +0.217% | — | $226.8M | 500x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0168% / S −0.0068% | 1h | 118.60 | +0.110% | $3.7M | — | 200x | as long as short |
| Injective SOL/USDC PERP | +0.0170% | 1h | 118.91 | +0.375% | $4K | $2K | 12x | as long as short |
| Reya SOLRUSDPERP | +0.0184% | 1h | 118.60 | +0.110% | $1.1M | $538K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 118.60 | +0.113% | $52.1M | $80.5M | 125x | as long as short |
| RISEx SOL/USDC | +0.0226% | 1h | 118.66 | +0.168% | $1.8M | $5.3M | 20x | as long as short |
Gate SOL_USDT
01 Exchange SOLUSD
BingX SOL-USDT
HTX SOL-USDT
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Coinbase International SOL-PERP-INTX
Paradex SOL-USD-PERP
Katana Perps SOL-USD
Nado SOL-PERP
Hyperliquid SOL
Aster SOLUSDT
Pacifica SOL
Binance SOLUSDT
Bybit SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus SOL-USD
Bulk SOL-USD
MEXC SOL_USDT
KuCoin SOLUSDTM
Bitget SOLUSDT
Backpack SOL_USDC_PERP
Variational Omni SOL
edgeX SOLUSDC
GRVT SOL_USDT_Perp
StandX SOL-USD
Polymarket Perps SOL-USD
Bullet SOL-USD
Bluefin SOL-PERP
SunX SOL-USDT
SoDEX SOL-USD
Phemex SOLUSDT
Phoenix SOL
Extended SOL-USD
Kraken Futures PF_SOLUSD
Aftermath Perps SOLUSD
Jupiter Perps SOL-PERP
GMX SOL/USD [SOL-USDC]
Injective SOL/USDC PERP
Reya SOLRUSDPERP
BloFin SOL-USDT
RISEx SOL/USDC