SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0036%/8h= +3.9% APRnext payment +$0.04 per $10,000 · paid last 24h −0.022%

Price spread now: Hyperliquid against Hibachi+0.055%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$230.226% of the position

Long on Hibachi Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 4 days (all we have)−0.759%−$76 · spread now +0.055%, 7d avg +0.016%

Together, before fees−0.708%+ Points / potential airdropHibachi: Active · Hyperliquid: Season 2 · farm board−$71 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.039% dearer against Hibachi than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi SOL/USDT-P	116.52	0.0064	pay 0.0008% / 1h	49m 11s	$103K	$681K	20x
Short	Hyperliquid SOL	116.58	0.0100	get 0.0013% / 1h	49m 11s	$696.4M	$406.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.055%Rate

Funding earned: $7.56
Price spread: +0.055% → +0.016%: $3.89
Slippage, 4 orders: −$4.63
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$11.18
Costs to cover: 0.226%
Break-even: 17.3 days

Slippage from Hibachi: live order book, 50 min ago; Hyperliquid: live order book, 5 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, 50 min ago	1.07 bp	5.6 bp −$6	18.9 bp −$189	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 5 min ago	0.86 bp	6.1 bp −$6	7.7 bp −$77	11.2 bp −$1,124	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
Phemex SOLUSDT	−0.0233%	8h	116.44	−0.065%	$45.3M	$103.5M	50x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.47	−0.039%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0057%	1h	116.48	−0.027%	$32.3M	$106.5M	100x	as long as short
Vest SOL-PERP	−0.0012%	1h	116.44	−0.063%	—	$636K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.48	−0.028%	$42K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	116.48	−0.031%	$4.3M	$23.4M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.44	−0.064%	$1.4M	$19.4M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.46	−0.048%	$99K	$3.4M	8.3x	as long as short
Derive SOL-PERP	+0.0007%	1h	116.38	−0.116%	$1.9M	$3.0M	13x	as long as short
Bitget SOLUSDT	+0.0026%	8h	116.44	−0.065%	$480.2M	$453.8M	100x	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	+0.0040%	1h	116.48	−0.028%	$7.8M	$395.7M	50x	as long as short
Aster SOLUSDT	+0.0054%	8h	116.45	−0.057%	$177.2M	$169.3M	100x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0060%	1h	116.52	+0.002%	$26.2M	$21.8M	50x	as long as short
Bybit SOLUSDT	+0.0062%	8h	116.45	−0.059%	$732.4M	$1.41B	100x	as long as short
Hibachi SOL/USDT-Plong	+0.0064%	1h	116.52	long leg	$103K	$681K	20x
Orderly PERP_SOL_USDC	+0.0069%	8h	116.46	−0.045%	$1.0M	$6.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.46	−0.051%	$13.1M	$55.7M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.44	−0.070%	$2.2M	$14.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.45	−0.058%	$351K	$255K	20x	as long as short
Paradex SOL-USD-PERP	+0.0097%	8h	116.49	−0.018%	$1.0M	$554K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.44	−0.065%	$64K	$903K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.46	−0.048%	$5.4M	$41.6M	40x	as long as short
Hyperliquid SOLshort	+0.0100%	1h	116.58	+0.055%	$696.4M	$406.6M	20x
Pacifica SOL	+0.0100%	1h	116.50	−0.012%	$15.7M	$130.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.44	−0.067%	$963.0M	$3.84B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.45	−0.057%	$366.6M	$1.76B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.37	−0.125%	$219K	$850K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.50	−0.017%	$920K	$8.5M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.33	−0.162%	$125.6M	$25.5M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.48	−0.031%	$848.6M	$607.0M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.46	−0.048%	$370.5M	$1.05B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.47	−0.037%	$129.8M	$237.2M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.42	−0.086%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.36	−0.134%	$22.9M	$36.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.45	−0.060%	$24.9M	$105.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.30	−0.188%	$93.4M	$405.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.39	−0.108%	$47.6M	$29.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.38	−0.117%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.47	−0.039%	$1.3M	$11.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.50	−0.014%	$319K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.47	−0.040%	$283K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.47	−0.038%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.45	−0.057%	$189K	$1.7M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.45	−0.057%	$6.1M	$11.0M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.45	−0.058%	$225.5M	$50.6M	75x	as long as short
Extended SOL-USD	+0.0104%	1h	116.41	−0.090%	$8.3M	$36.6M	50x	as long as short
01 Exchange SOLUSD	+0.0120%	1h	116.54	+0.021%	$100K	$181K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.39	−0.110%	—	$231.3M	500x	as long as short
Phoenix SOL	+0.0124%	1h	116.45	−0.057%	$6.5M	$13.4M	25x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	−0.151%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0196%	1h	116.42	−0.078%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.46	−0.048%	$52.2M	$64.3M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.48	−0.035%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0416%	1h	116.41	−0.088%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	116.55	+0.026%	$2.1M	$4.8M	20x	as long as short