SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0244%/8h= +26.7% APRnext payment +$0.31 per $10,000 · paid last 24h −0.029%

Price spread now: StandX against Hibachi−0.093%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$310.309% of the position

Long on Hibachi Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

Price spread, last 4 days (all we have)+0.071%+$7 · spread now −0.093%, 7d avg −0.020%

Together, before fees+0.169%+ Points / potential airdropHibachi: Active · StandX: Active · farm board+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. StandX is 0.073% cheaper against Hibachi than usual: you would sell low and buy high (spread −0.093% now, against its 7-day average of −0.020%). If the spread goes back, that is −$7 on $10k: about 24 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.098% in total) that is about 5.2 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.098% in total (about 5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.31 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi SOL/USDT-P	116.48	−0.0144	get 0.0018% / 1h	35m 41s	$96K	$684K	20x
Short	StandX SOL-USD	116.37	0.0100	get 0.0013% / 1h	35m 41s	$1.3M	$11.6M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.093%Rate

Funding earned: $51.24
Price spread: −0.093% → −0.020%: −$7.27
Slippage, 4 orders: −$13.93
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee StandX: 4 bp × 2 orders: −$8
Net: $13.04
Costs to cover: 0.309%
Break-even: 5.2 days

Slippage from Hibachi: live order book, 3 min ago; StandX: live order book, 3 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, 3 min ago	1.07 bp	5.6 bp −$6	18.9 bp −$189	doesn't fit	doesn't fit
Sell StandX live order book, 3 min ago	3.43 bp	9.9 bp −$10	10.5 bp −$105	doesn't fit	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
Kraken Futures PF_SOLUSD	−0.0153%	1h	116.30	−0.155%	$32.5M	$106.7M	100x	as long as short
Hibachi SOL/USDT-Plong	−0.0144%	1h	116.48	long leg	$96K	$684K	20x
Bybit SOLUSDT	−0.0110%	8h	116.18	−0.255%	$734.7M	$1.43B	100x	as long as short
Derive SOL-PERP	−0.0081%	1h	116.19	−0.246%	$1.8M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.34	−0.117%	$1K	$8K	25x	as long as short
Injective SOL/USDC PERP	−0.0055%	1h	116.85	+0.319%	$4K	$2K	12x	as long as short
Vest SOL-PERP	−0.0050%	1h	116.29	−0.164%	—	$749K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.32	−0.137%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.38	−0.085%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.32	−0.134%	$106K	$3.5M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX SOL-USD	+0.0001%	1h	116.25	−0.196%	$6.1M	$11.0M	20x	as long as short
dYdX SOL-USD	+0.0006%	1h	116.36	−0.104%	$4.3M	$23.5M	20x	as long as short
Bitget SOLUSDT	+0.0023%	8h	116.22	−0.224%	$479.4M	$458.0M	100x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.29	−0.161%	$98K	$180K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.30	−0.155%	$7.9M	$400.6M	50x	as long as short
Aster SOLUSDT	+0.0054%	8h	116.21	−0.230%	$176.5M	$168.8M	100x	as long as short
Lighter RH SOL	+0.0056%	1h	116.21	−0.227%	$2.1M	$16.7M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0067%	1h	116.35	−0.107%	$26.4M	$22.0M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0073%	8h	116.30	−0.156%	$1.0M	$5.9M	100x	as long as short
Paradex SOL-USD-PERP	+0.0092%	8h	116.24	−0.206%	$1.0M	$554K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.23	−0.215%	$13.1M	$60.5M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.27	−0.182%	$350K	$256K	20x	as long as short
Gate SOL_USDT	+0.0098%	8h	116.25	−0.196%	$845.3M	$663.3M	100x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.15	−0.282%	$64K	$913K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.29	−0.161%	$5.4M	$41.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.38	−0.085%	$701.5M	$406.1M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.29	−0.166%	$15.7M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.22	−0.219%	$962.9M	$3.87B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.20	−0.239%	$367.7M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.17	−0.264%	$217K	$829K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.20	−0.238%	$890K	$8.5M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.19	−0.247%	$368.7M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.26	−0.187%	$132.0M	$234.1M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.19	−0.251%	—	$373.8M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.27	−0.179%	$23.0M	$35.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.22	−0.219%	$24.8M	$108.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.49	+0.013%	$93.5M	$405.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.54	+0.053%	$47.7M	$29.0M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.72	+0.208%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USDshort	+0.0100%	1h	116.37	−0.093%	$1.3M	$11.6M	30x
Polymarket Perps SOL-USD	+0.0100%	1h	116.28	−0.170%	$313K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.35	−0.110%	$248K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.32	−0.134%	$26K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.27	−0.176%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.21	−0.231%	$225.0M	$50.6M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.30	−0.153%	$45.2M	$104.5M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	+0.062%	$126.1M	$26.3M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.16	−0.277%	$8.2M	$37.4M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.28	−0.167%	—	$233.9M	500x	as long as short
Phoenix SOL	+0.0130%	1h	116.76	+0.242%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0195%	1h	116.26	−0.184%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.27	−0.179%	$51.8M	$65.8M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.32	−0.133%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0480%	1h	116.55	+0.066%	$25K	$57K	20x	as long as short
RISEx SOL/USDC	+0.0485%	1h	116.25	−0.196%	$2.1M	$4.8M	20x	as long as short