SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.01 per $10,000 · paid last 24h −0.001%

Price spread now: Coinbase International against Hyperliquid−0.115%7-day average −0.038% · 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−$29as in the Price arb table

costs, in and out, $10k−$220.217% of the position

Long on Hyperliquid Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 3 days (all we have)−0.185%−$18 · spread now −0.115%, 7d avg −0.038%

Together, before fees−0.174%+ Points / potential airdropHyperliquid: Season 2 · farm board−$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.076% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.115% now, against its 7-day average of −0.038%). If the spread goes back, that is −$8 on $10k: about 21 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.011% in total) that is about 49 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid SOL	119.41	0.0100	pay 0.0013% / 1h	53m 23s	$720.5M	$413.2M	20x
Short	Coinbase International SOL-PERP-INTX	119.27	0.0112	get 0.0014% / 1h	53m 23s	$8.2M	$416.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Hyperliquid. 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 HyperliquidbpFee Coinbase InternationalbpOrdersPrice spread, now −0.115%Rate

Funding earned: $2.52
Price spread: −0.115% → −0.038%: −$7.64
Slippage, 4 orders: −$2.7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$26.82
Costs to cover: 0.217%
Break-even: 81.5 days

Slippage from Hyperliquid: live order book, 11 min ago; Coinbase International: live order book, 6 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 Hyperliquid live order book, 11 min ago	0.42 bp	4.9 bp −$5	6.3 bp −$63	9.0 bp −$895	doesn't fit
Sell Coinbase International live order book, 6 min ago	0.04 bp	5.4 bp −$5	8.3 bp −$83	17.6 bp −$1,757	113.5 bp −$56.8K

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
Derive SOL-PERP	−0.0094%	1h	119.17	−0.197%	$2.0M	$3.1M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.47	+0.048%	$847	$8K	25x	as long as short
Vest SOL-PERP	−0.0063%	1h	119.29	−0.101%	—	$724K	20x	as long as short
dYdX SOL-USD	−0.0005%	1h	119.43	+0.015%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.29	−0.099%	$54K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.47	+0.054%	$1.2M	$20.7M	3.1x	as long as short
Hibachi SOL/USDT-P	0.0000%	1h	119.46	+0.044%	$120K	$625K	20x	as long as short
Perpl SOL	0.0000%	43m	119.32	−0.078%	$179K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0013%	1h	119.31	−0.084%	$26.8M	$27.6M	50x	as long as short
Phoenix SOL	+0.0054%	1h	119.37	−0.033%	$6.6M	$13.6M	25x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps SOLUSD	+0.0059%	1h	119.31	−0.083%	$24K	$47K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0065%	8h	119.28	−0.111%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0068%	8h	119.37	−0.029%	$232.5M	$44.7M	75x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.33	−0.064%	—	$10.5M	—	as long as short
Gate SOL_USDT	+0.0093%	8h	119.31	−0.084%	$868.9M	$675.4M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.41	+0.002%	$13.7M	$54.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.41	−0.002%	$2.1M	$16.7M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	119.36	−0.042%	$104K	$153K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.24	−0.146%	$353K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.38	−0.029%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.31	−0.084%	$46K	$791K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.29	−0.104%	$6.3M	$42.0M	40x	as long as short
Hyperliquid SOLlong	+0.0100%	1h	119.41	long leg	$720.5M	$413.2M	20x
Aster SOLUSDT	+0.0100%	8h	119.34	−0.057%	$178.9M	$176.6M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.44	+0.028%	$12.4M	$116.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.26	−0.124%	$977.7M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.29	−0.098%	$823.6M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.24	−0.142%	$372.2M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.44	+0.025%	$233K	$877K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.37	−0.034%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.05	−0.298%	$133.5M	$10.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.28	−0.109%	$436.4M	$1.10B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.29	−0.102%	$140.7M	$199.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.24	−0.142%	$495.7M	$455.0M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.39	−0.017%	$24.1M	$38.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.31	−0.080%	$27.4M	$127.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.37	−0.032%	$95.9M	$397.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.47	+0.052%	$48.9M	$32.6M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.46	+0.042%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.49	+0.067%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.30	−0.092%	$366K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.27	−0.120%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.28	−0.113%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.26	−0.128%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.26	−0.126%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.25	−0.134%	$46.6M	$102.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.23	−0.150%	$8.7M	$36.6M	50x	as long as short
Coinbase International SOL-PERP-INTXshort	+0.0112%	1h	119.27	−0.115%	$8.2M	$416.3M	50x
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.40	−0.011%	—	$222.5M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.26	−0.130%	$32.8M	$94.8M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0089%	1h	119.29	−0.104%	$3.6M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.27	−0.119%	$1.1M	$558K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.36	−0.041%	$1.6M	$6.0M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.41	0.000%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.23	−0.151%	$51.9M	$87.0M	125x	as long as short