SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.09 per $10,000 · paid last 24h −0.055%

Price spread now: Bulk against Hibachi+0.088%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$260.264% of the position

Long on Hibachi Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.019%−$2 on $10k

Price spread, last 4 days (all we have)−0.902%−$90 · spread now +0.088%, 7d avg −0.020%

Together, before fees−0.921%+ Points / potential airdropHibachi: Active · farm board−$92 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bulk is 0.108% dearer against Hibachi than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi SOL/USDT-P	117.86	0.0032	pay 0.0004% / 1h	10m 05s	$105K	$696K	20x
Short	Bulk SOL-USD	117.96	0.0100	get 0.0013% / 1h	10m 05s	$136.3M	$17.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.088%Rate

Funding earned: $14.28
Price spread: +0.088% → −0.020%: $10.81
Slippage, 4 orders: −$10.36
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$1.27
Costs to cover: 0.264%
Break-even: 7.6 days

Slippage from Hibachi: live order book, 54 min ago; Bulk: 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, 54 min ago	0.04 bp	4.5 bp −$5	16.8 bp −$168	doesn't fit	doesn't fit
Sell Bulk live order book, 4 min ago	4.24 bp	7.7 bp −$8	7.7 bp −$77	7.7 bp −$774	10.9 bp −$5,441

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	118.00	+0.114%	$923	$8K	25x	as long as short
Bluefin SOL-PERP	−0.0071%	1h	117.83	−0.025%	$25K	$28K	25x	as long as short
Vest SOL-PERP	−0.0071%	1h	117.82	−0.033%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.86	−0.004%	$31.6M	$98.9M	100x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.79	−0.063%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.86	−0.001%	$57K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.99	+0.107%	$4.5M	$24.1M	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0022%	1h	117.90	+0.036%	$26.5M	$24.9M	50x	as long as short
Hibachi SOL/USDT-Plong	+0.0032%	1h	117.86	long leg	$105K	$696K	20x
01 Exchange SOLUSD	+0.0064%	1h	118.00	+0.119%	$100K	$165K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.89	+0.028%	$7.9M	$404.7M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0090%	8h	117.87	+0.007%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.86	−0.004%	$13.2M	$60.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.84	−0.015%	$2.1M	$16.3M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.84	−0.017%	$345K	$226K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.97	+0.093%	$54K	$852K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.01	+0.126%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.95	+0.080%	$5.8M	$38.8M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.84	−0.015%	$177.4M	$180.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.99	+0.111%	$14.5M	$128.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.82	−0.034%	$971.3M	$3.72B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.84	−0.014%	$831.0M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.81	−0.043%	$366.4M	$1.64B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.91	+0.042%	$234K	$864K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.99	+0.113%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USDshort	+0.0100%	1h	117.96	+0.088%	$136.3M	$17.1M	20x
Gate SOL_USDT	+0.0100%	8h	117.84	−0.017%	$860.6M	$654.9M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.78	−0.068%	$425.3M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.84	−0.015%	$130.9M	$213.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.78	−0.065%	$488.2M	$431.6M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	117.84	−0.016%	—	$363.4M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.85	−0.009%	$23.7M	$37.3M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.77	−0.075%	$24.4M	$114.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.84	−0.020%	$94.6M	$391.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.69	−0.146%	$48.2M	$28.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.83	−0.026%	$1.7M	$6.0M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.80	−0.051%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.91	+0.042%	$353K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.86	+0.003%	$200K	$1.6M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.85	−0.007%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.86	0.000%	$6.2M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	117.92	+0.050%	$229.0M	$45.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.85	−0.009%	$45.9M	$100.5M	50x	as long as short
Kalshi KXSOLPERP	+0.0102%	8h	117.98	+0.102%	$1.4M	$19.3M	3.1x	as long as short
Extended SOL-USD	+0.0104%	1h	117.76	−0.086%	$8.2M	$36.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.97	+0.089%	—	$215.6M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.89	+0.025%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	118.06	+0.167%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0174%	1h	117.97	+0.093%	$721.8M	$390.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.84	−0.020%	$1.1M	$537K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.49	−0.314%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.85	−0.009%	$52.0M	$71.6M	125x	as long as short
Perpl SOL	+0.0223%	43m	117.92	+0.054%	$128K	$3.8M	8.3x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.86	−0.004%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0402%	1h	117.85	−0.007%	$25K	$52K	20x	as long as short