Funding you earn now, next payment 02:00 UTC+0.0066%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h −0.097%
Price spread now: Derive against Hibachi+0.035%7-day average −0.055% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.030%+$3 on $10k
+Price spread, last 3 days (all we have)−0.079%−$8 · spread now +0.035%, 7d avg −0.055%
=Together, before fees−0.049%+ Points / potential airdropHibachi: Active · farm board−$5 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 Derive is 0.091% dearer against Hibachi than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.055%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi SOL/USDT-P | 117.92 | −0.0088 | get 0.0011% / 1h | 44m 16s | $92K | $707K | 20x |
| Short | Derive SOL-PERP | 117.97 | −0.0022 | pay 0.0003% / 1h | 44m 16s | $2.0M | $2.7M | 13x |
Hibachi SOL/USDT-P
Derive SOL-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive 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
- $13.95
- Price spread: +0.035% → −0.055%
- $9.07
- Slippage, 4 orders
- no order book: not counted
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- $8.02
- Costs to cover
- 0.150%
- Break-even
- 3.0 days
Slippage unknown: Hibachi: live order book, 25 min ago; Derive: no order-book sample. 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 Hibachi live order book, 25 min ago | 0.67 bp | 6.2 bp −$6 | 22.3 bp −$223 | doesn't fit | doesn't fit |
| Sell Derive no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni SOLUSDT | −0.0171% | 1h | 118.09 | +0.140% | $1.5M | $6.1M | 50x | as long as short |
| Hibachi SOL/USDT-Plong | −0.0088% | 1h | 117.92 | long leg | $92K | $707K | 20x | |
| Hotstuff SOL-PERP | −0.0080% | 1h | 117.92 | −0.008% | $922 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0077% | 1h | 117.88 | −0.034% | — | $610K | 20x | as long as short |
| HTX SOL-USDT | −0.0037% | 8h | 117.82 | −0.091% | $229.1M | $45.0M | 75x | as long as short |
| Derive SOL-PERPshort | −0.0022% | 1h | 117.97 | +0.035% | $2.0M | $2.7M | 13x | |
| Gate SOL_USDT | −0.0011% | 8h | 117.96 | +0.030% | $852.4M | $653.7M | 100x | as long as short |
| gTrade (Gains Network) SOL/USD | L 0.0000% / S +0.0004% | 1h | 118.00 | +0.064% | $53K | — | 150x | as long as short |
| dYdX SOL-USD | 0.0000% | 1h | 117.92 | −0.002% | $4.5M | $25.9M | 20x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 117.94 | +0.009% | $1.5M | $21.4M | 3.1x | as long as short |
ApeX Omni SOLUSDT
Hotstuff SOL-PERP
Vest SOL-PERP
HTX SOL-USDT
Gate SOL_USDT
gTrade (Gains Network) SOL/USD
dYdX SOL-USD
Kalshi KXSOLPERPShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl SOL | 0.0000% | 43m | 117.96 | +0.029% | $128K | $4.0M | 8.3x | as long as short |
| RISEx SOL/USDC | +0.0018% | 1h | 117.95 | +0.021% | $2.0M | $4.7M | 20x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0049% | 1h | 118.02 | +0.084% | $31.6M | $98.8M | 100x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0072% | 1h | 117.90 | −0.023% | $7.9M | $411.6M | 50x | as long as short |
| BingX SOL-USDT | +0.0080% | 8h | 118.03 | +0.086% | — | $370.5M | — | as long as short |
| Orderly PERP_SOL_USDC | +0.0084% | 8h | 118.05 | +0.103% | $1.1M | $5.9M | 100x | as long as short |
| 01 Exchange SOLUSD | +0.0088% | 1h | 118.02 | +0.081% | $103K | $162K | 20x | as long as short |
| Lighter SOL | +0.0096% | 1h | 117.89 | −0.031% | $13.0M | $59.0M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 117.88 | −0.036% | $2.2M | $16.7M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 118.03 | +0.093% | $346K | $264K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0099% | 8h | 117.89 | −0.030% | $1.0M | $520K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 117.89 | −0.030% | $49K | $829K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 118.00 | +0.064% | $5.7M | $41.6M | 40x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 117.94 | +0.009% | $177.1M | $180.5M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 117.94 | +0.011% | $14.0M | $130.7M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 118.03 | +0.088% | $979.2M | $3.82B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 118.06 | +0.114% | $824.5M | $1.28B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 118.05 | +0.106% | $369.5M | $1.69B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 117.84 | −0.072% | $239K | $895K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 117.98 | +0.044% | $2.0M | $9.0M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 117.96 | +0.030% | $423.4M | $1.10B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 117.98 | +0.051% | $133.8M | $208.1M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 118.05 | +0.108% | $490.0M | $446.4M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 117.89 | −0.030% | $23.8M | $36.9M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 118.01 | +0.069% | $24.4M | $129.7M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 118.06 | +0.116% | $94.8M | $404.5M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 118.16 | +0.198% | $48.4M | $29.7M | 20x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 117.94 | +0.013% | $1.3M | $13.4M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 117.95 | +0.021% | $358K | $2.3M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 117.98 | +0.049% | $201K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 118.02 | +0.080% | $37K | $16K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 117.99 | +0.053% | $192K | $1.8M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 118.04 | +0.098% | $6.2M | $10.8M | 20x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 117.90 | −0.021% | $45.9M | $101.6M | 50x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 118.07 | +0.123% | $135.9M | $13.3M | 20x | as long as short |
| Phoenix SOL | +0.0101% | 1h | 118.22 | +0.250% | $6.5M | $13.5M | 25x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 118.01 | +0.072% | $8.2M | $35.9M | 50x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0106% | 1h | 118.09 | +0.138% | $26.4M | $25.4M | 50x | as long as short |
| Hyperliquid SOL | +0.0112% | 1h | 118.08 | +0.131% | $719.4M | $402.8M | 20x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0112% / S +0.0056% | 1h | 117.90 | −0.025% | — | $228.3M | 500x | as long as short |
| Reya SOLRUSDPERP | +0.0188% | 1h | 117.93 | +0.003% | $1.1M | $524K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 118.04 | +0.098% | $52.1M | $74.3M | 125x | as long as short |
| Injective SOL/USDC PERP | +0.0222% | 1h | 118.20 | +0.233% | $4K | $2K | 12x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0233% / S −0.0167% | 1h | 117.99 | +0.056% | $3.7M | — | 200x | as long as short |
| Aftermath Perps SOLUSD | +0.0311% | 1h | 118.03 | +0.092% | $25K | $51K | 20x | as long as short |
Perpl SOL
RISEx SOL/USDC
Kraken Futures PF_SOLUSD
Coinbase International SOL-PERP-INTX
BingX SOL-USDT
Orderly PERP_SOL_USDC
01 Exchange SOLUSD
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Paradex SOL-USD-PERP
Katana Perps SOL-USD
Nado SOL-PERP
Aster SOLUSDT
Pacifica SOL
Binance SOLUSDT
Bybit SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus 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
Bulk SOL-USD
Phoenix SOL
Extended SOL-USD
Deribit SOL_USDC-PERPETUAL
Hyperliquid SOL
Jupiter Perps SOL-PERP
Reya SOLRUSDPERP
BloFin SOL-USDT
Injective SOL/USDC PERP
GMX SOL/USD [SOL-USDC]
Aftermath Perps SOLUSD