SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0036%/8h= +3.9% APRnext payment +$0.04 per $10,000 · paid last 24h −0.056%

Price spread now: SoDEX against Hibachi−0.263%7-day average −0.029% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$200.197% of the position

Long on Hibachi Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.027%−$3 on $10k

Price spread, last 4 days (all we have)−0.230%−$23 · spread now −0.263%, 7d avg −0.029%

Together, before fees−0.256%+ Points / potential airdropHibachi: Active · farm board−$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. SoDEX is 0.234% cheaper against Hibachi than usual: you would sell low and buy high (spread −0.263% now, against its 7-day average of −0.029%). If the spread goes back, that is −$23 on $10k: about 22 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi SOL/USDT-P	117.65	0.0064	pay 0.0008% / 1h	26m 46s	$105K	$695K	20x
Short	SoDEX SOL-USD	117.34	0.0100	get 0.0013% / 1h	26m 46s	$6.2M	$10.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.263%Rate

Funding earned: $7.56
Price spread: −0.263% → −0.029%: −$23.43
Slippage, 4 orders: −$2.72
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$35.59
Costs to cover: 0.197%
Break-even: 40.0 days

Slippage from Hibachi: live order book, 37 min ago; SoDEX: live order book, 2 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, 37 min ago	0.04 bp	4.5 bp −$5	16.8 bp −$168	doesn't fit	doesn't fit
Sell SoDEX live order book, 2 min ago	0.43 bp	4.4 bp −$4	5.1 bp −$51	17.0 bp −$1,695	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
Bluefin SOL-PERP	−0.0132%	1h	117.35	−0.257%	$25K	$28K	25x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.52	−0.110%	$919	$8K	25x	as long as short
Vest SOL-PERP	−0.0064%	1h	117.36	−0.245%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.33	−0.267%	$31.6M	$98.3M	100x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.27	−0.320%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.35	−0.254%	$57K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.42	−0.198%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.53	−0.105%	$1.4M	$19.3M	3.1x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0006%	1h	117.38	−0.227%	$26.4M	$24.9M	50x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	117.42	−0.195%	$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
Hibachi SOL/USDT-Plong	+0.0064%	1h	117.65	long leg	$105K	$695K	20x
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.36	−0.243%	$8.0M	$403.0M	50x	as long as short
BingX SOL-USDC	+0.0070%	8h	117.42	−0.197%	—	$10.5M	—	as long as short
Orderly PERP_SOL_USDC	+0.0089%	8h	117.35	−0.255%	$1.0M	$5.8M	100x	as long as short
HTX SOL-USDT	+0.0091%	8h	117.32	−0.276%	$228.0M	$45.5M	75x	as long as short
Lighter SOL	+0.0096%	1h	117.47	−0.155%	$13.1M	$59.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.44	−0.175%	$2.1M	$16.3M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.34	−0.260%	$344K	$226K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.41	−0.203%	$65K	$839K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.51	−0.116%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.44	−0.178%	$5.8M	$39.0M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.45	−0.169%	$176.3M	$179.1M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.49	−0.132%	$14.5M	$128.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.46	−0.157%	$966.8M	$3.71B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.47	−0.153%	$825.5M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.45	−0.169%	$366.1M	$1.63B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.41	−0.203%	$238K	$851K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.52	−0.113%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.44	−0.176%	$135.1M	$16.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.45	−0.169%	$856.4M	$650.7M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.45	−0.169%	$423.3M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.47	−0.154%	$129.6M	$212.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.50	−0.126%	$486.9M	$431.0M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.39	−0.220%	$23.6M	$37.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.72	+0.061%	$24.4M	$115.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.60	−0.042%	$94.5M	$392.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.57	−0.064%	$48.2M	$28.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.76	+0.094%	$1.5M	$5.9M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.63	−0.016%	$1.3M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.38	−0.229%	$354K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.36	−0.246%	$200K	$1.6M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.39	−0.224%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USDshort	+0.0100%	1h	117.34	−0.263%	$6.2M	$10.8M	20x
Phemex SOLUSDT	+0.0100%	8h	117.36	−0.246%	$45.7M	$100.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.39	−0.222%	$8.2M	$36.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.41	−0.206%	—	$216.2M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.64	−0.008%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.60	−0.041%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0174%	1h	117.56	−0.076%	$719.0M	$393.4M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.36	−0.248%	$1.1M	$527K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.49	−0.135%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.34	−0.263%	$51.5M	$71.3M	125x	as long as short
Perpl SOL	+0.0223%	43m	117.44	−0.175%	$127K	$3.8M	8.3x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.34	−0.260%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0395%	1h	117.52	−0.107%	$25K	$51K	20x	as long as short