Funding you earn now, next payment 02:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h −0.054%
Price spread now: Coinbase International against Hibachi+0.150%7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$6as in the Price arb table
costs, in and out, $10k−$220.216% of the position
Funding, last 7 days+0.059%+$6 on $10k
+Price spread, last 3 days (all we have)−0.183%−$18 · spread now +0.150%, 7d avg −0.003%
=Together, before fees−0.124%+ Points / potential airdropHibachi: Active · farm board−$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 0.153% dearer against Hibachi than usual: you sell high and buy low (spread +0.150% now, against its 7-day average of −0.003%): +$15 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 32 days. Mind the row above: over the last 7 days funding on this pair paid +0.059%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi SOL/USDT-P | 117.37 | 0.0080 | pay 0.0010% / 1h | 53m 12s | $100K | $690K | 20x |
| Short | Coinbase International SOL-PERP-INTX | 117.54 | 0.0064 | get 0.0008% / 1h | 53m 12s | $8.0M | $402.3M | 50x |
Hibachi SOL/USDT-P
Coinbase International SOL-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Hibachi. 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
- −$3.36
- Price spread: +0.150% → −0.003%
- $15.31
- Slippage, 4 orders
- −$2.55
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$9.6
- Costs to cover
- 0.216%
- Break-even
- never at this rate
Slippage from Hibachi: live order book, 11 min ago; Coinbase International: live order book, 1 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, 11 min ago | 0.04 bp | 4.5 bp −$5 | 16.8 bp −$168 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 1 min ago | 0.04 bp | 5.1 bp −$5 | 7.8 bp −$78 | 14.6 bp −$1,456 | 211.9 bp −$106.0K |
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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni SOLUSDT | −0.0279% | 1h | 117.27 | −0.083% | $1.5M | $5.9M | 50x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 117.39 | +0.015% | $918 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0057% | 1h | 117.33 | −0.032% | — | $605K | 20x | as long as short |
| Kraken Futures PF_SOLUSD | −0.0055% | 1h | 117.51 | +0.124% | $31.5M | $97.9M | 100x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0001% / S +0.0004% | 1h | 117.49 | +0.104% | $56K | — | 150x | as long as short |
| dYdX SOL-USD | 0.0000% | 1h | 117.40 | +0.028% | $4.5M | $24.1M | 20x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 117.43 | +0.055% | $1.4M | $19.5M | 3.1x | as long as short |
| Derive SOL-PERP | +0.0009% | 1h | 117.43 | +0.054% | $2.0M | $2.8M | 13x | as long as short |
| HTX SOL-USDT | +0.0033% | 8h | 117.32 | −0.037% | $227.9M | $45.5M | 75x | as long as short |
| 01 Exchange SOLUSD | +0.0048% | 1h | 117.42 | +0.044% | $100K | $162K | 20x | as long as short |
ApeX Omni SOLUSDT
Hotstuff SOL-PERP
Vest SOL-PERP
Kraken Futures PF_SOLUSD
gTrade (Gains Network) SOL/USD
dYdX SOL-USD
Kalshi KXSOLPERP
Derive SOL-PERP
HTX SOL-USDT
01 Exchange SOLUSDShow all 54 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International SOL-PERP-INTXshort | +0.0064% | 1h | 117.54 | +0.150% | $8.0M | $402.3M | 50x | |
| BingX SOL-USDC | +0.0080% | 8h | 117.48 | +0.100% | — | $10.5M | — | as long as short |
| Hibachi SOL/USDT-Plong | +0.0080% | 1h | 117.37 | long leg | $100K | $690K | 20x | |
| Orderly PERP_SOL_USDC | +0.0088% | 8h | 117.52 | +0.130% | $1.0M | $5.8M | 100x | as long as short |
| Gate SOL_USDT | +0.0093% | 8h | 117.46 | +0.078% | $852.5M | $642.6M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 117.51 | +0.124% | $13.1M | $58.9M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 117.50 | +0.111% | $2.1M | $16.2M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 117.50 | +0.110% | $344K | $225K | 20x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0096% | 1h | 117.55 | +0.158% | $26.4M | $25.2M | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 117.34 | −0.024% | $67K | $831K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0100% | 8h | 117.43 | +0.049% | $1.0M | $516K | 50x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 117.38 | +0.010% | $5.8M | $39.7M | 40x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 117.43 | +0.051% | $176.2M | $176.9M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 117.40 | +0.028% | $14.5M | $127.0M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 117.53 | +0.138% | $968.5M | $3.73B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 117.54 | +0.148% | $821.1M | $1.24B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 117.54 | +0.147% | $366.3M | $1.63B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 117.61 | +0.206% | $237K | $850K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 117.39 | +0.020% | $2.0M | $9.0M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 117.40 | +0.027% | $134.9M | $15.4M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 117.53 | +0.138% | $425.8M | $1.06B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 117.52 | +0.127% | $130.5M | $211.1M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 117.57 | +0.169% | $487.4M | $432.5M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 117.54 | +0.147% | $23.7M | $37.0M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 117.64 | +0.228% | $24.3M | $119.7M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 117.42 | +0.041% | $94.3M | $399.8M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 117.42 | +0.043% | $48.1M | $28.6M | 20x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 117.36 | −0.007% | $1.3M | $13.4M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 117.37 | +0.002% | $353K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 117.49 | +0.103% | $201K | $1.6M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 117.48 | +0.095% | $25K | $28K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 117.35 | −0.015% | $190K | $1.8M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 117.51 | +0.121% | $6.2M | $10.8M | 20x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 117.53 | +0.138% | $45.7M | $100.2M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 117.48 | +0.097% | $8.2M | $36.0M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0112% / S +0.0056% | 1h | 117.42 | +0.046% | — | $220.7M | 500x | as long as short |
| Phoenix SOL | +0.0129% | 1h | 117.35 | −0.015% | $6.5M | $13.4M | 25x | as long as short |
| RISEx SOL/USDC | +0.0136% | 1h | 117.44 | +0.059% | $1.9M | $4.9M | 20x | as long as short |
| Hyperliquid SOL | +0.0163% | 1h | 117.50 | +0.113% | $717.1M | $392.0M | 20x | as long as short |
| Reya SOLRUSDPERP | +0.0189% | 1h | 117.37 | +0.003% | $1.1M | $523K | 25x | as long as short |
| Injective SOL/USDC PERP | +0.0218% | 1h | 117.45 | +0.070% | $4K | $2K | 12x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0232% / S −0.0170% | 1h | 117.48 | +0.096% | $3.6M | — | 200x | as long as short |
| Aftermath Perps SOLUSD | +0.0367% | 1h | 117.50 | +0.109% | $25K | $51K | 20x | as long as short |
| Perpl SOL | +0.0447% | 43m | 117.44 | +0.063% | $128K | $3.8M | 8.3x | as long as short |
BingX SOL-USDC
Orderly PERP_SOL_USDC
Gate SOL_USDT
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Deribit SOL_USDC-PERPETUAL
Katana Perps SOL-USD
Paradex SOL-USD-PERP
Nado SOL-PERP
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
Extended SOL-USD
Jupiter Perps SOL-PERP
Phoenix SOL
RISEx SOL/USDC
Hyperliquid SOL
Reya SOLRUSDPERP
Injective SOL/USDC PERP
GMX SOL/USD [SOL-USDC]
Aftermath Perps SOLUSD
Perpl SOL