Funding you earn now, next payment 05:00 UTC−0.0324%/8h= −35.5% APRnext payment −$0.40 per $10,000 · paid last 24h +0.044%
Price spread now: Hibachi against Hyperliquid+0.084%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$230.227% of the position
Funding, last 7 days−0.048%−$5 on $10k
+Price spread, last 4 days (all we have)+0.262%+$26 · spread now +0.084%, 7d avg −0.014%
=Together, before fees+0.214%+ Points / potential airdropHyperliquid: Season 2 · Hibachi: Active · farm board+$21 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hibachi is 0.098% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.084% now, against its 7-day average of −0.014%): +$10 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 24 hours. At the pace of the last 7 days (−0.048% in total) that is about 14 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.048% in total (about -2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.40 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 | Hyperliquid SOL | 116.40 | 0.0100 | pay 0.0013% / 1h | 2m 53s | $700.5M | $395.7M | 20x |
| Short | Hibachi SOL/USDT-P | 116.50 | −0.0224 | pay 0.0028% / 1h | 2m 53s | $105K | $704K | 20x |
Hyperliquid SOL
Hibachi SOL/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Hyperliquid. 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
- −$68.04
- Price spread: +0.084% → −0.014%
- $9.78
- Slippage, 4 orders
- −$4.74
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$81
- Costs to cover
- 0.227%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; Hibachi: live order book, 51 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 | 0.43 bp | 4.9 bp −$5 | 4.9 bp −$49 | 7.7 bp −$775 | doesn't fit |
| Sell Hibachi live order book, 51 min ago | 1.15 bp | 6.5 bp −$6 | 24.9 bp −$249 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi SOL/USDT-Pshort | −0.0224% | 1h | 116.50 | +0.084% | $105K | $704K | 20x | |
| Kraken Futures PF_SOLUSD | −0.0194% | 1h | 116.26 | −0.120% | $31.6M | $103.2M | 100x | as long as short |
| Vest SOL-PERP | −0.0112% | 1h | 116.28 | −0.107% | — | $601K | 20x | as long as short |
| Bybit SOLUSDT | −0.0089% | 8h | 116.22 | −0.159% | $746.6M | $1.40B | 100x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 116.51 | +0.098% | $1K | $8K | 25x | as long as short |
| Derive SOL-PERP | −0.0025% | 1h | 116.17 | −0.198% | $1.9M | $2.9M | 13x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0001% / S +0.0004% | 1h | 116.27 | −0.109% | $42K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 116.27 | −0.107% | $1.4M | $19.1M | 3.1x | as long as short |
| dYdX SOL-USD | +0.0011% | 1h | 116.30 | −0.086% | $4.4M | $24.2M | 20x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0048% | 1h | 116.27 | −0.110% | $7.6M | $404.3M | 50x | as long as short |
Kraken Futures PF_SOLUSD
Vest SOL-PERP
Bybit SOLUSDT
Hotstuff SOL-PERP
Derive SOL-PERP
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
dYdX SOL-USD
Coinbase International SOL-PERP-INTXShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SOLUSD | +0.0064% | 1h | 116.27 | −0.112% | $99K | $175K | 20x | as long as short |
| Bullet SOL-USD | +0.0068% | 1h | 116.27 | −0.112% | $147K | $1.6M | 20x | as long as short |
| Bitget SOLUSDT | +0.0086% | 8h | 116.30 | −0.084% | $480.6M | $448.2M | 100x | as long as short |
| Orderly PERP_SOL_USDC | +0.0094% | 8h | 116.24 | −0.139% | $1.0M | $5.9M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 116.34 | −0.047% | $13.1M | $60.6M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 116.26 | −0.124% | $2.2M | $16.9M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 116.25 | −0.128% | $350K | $247K | 20x | as long as short |
| Katana Perps SOL-USD | +0.0099% | 8h | 116.20 | −0.172% | $60K | $897K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0100% | 8h | 116.26 | −0.119% | $1.0M | $551K | 50x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 116.29 | −0.095% | $5.3M | $40.4M | 40x | as long as short |
| Hyperliquid SOLlong | +0.0100% | 1h | 116.40 | long leg | $700.5M | $395.7M | 20x | |
| Aster SOLUSDT | +0.0100% | 8h | 116.27 | −0.110% | $174.2M | $183.3M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 116.30 | −0.088% | $15.8M | $130.3M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 116.29 | −0.091% | $969.7M | $3.84B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 116.33 | −0.060% | $366.6M | $1.70B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 116.32 | −0.069% | $218K | $860K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 116.29 | −0.095% | $925K | $8.8M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 116.46 | +0.052% | $132.4M | $15.1M | 20x | as long as short |
| Gate SOL_USDT | +0.0100% | 8h | 116.31 | −0.077% | $857.8M | $672.1M | 100x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 116.32 | −0.069% | $373.6M | $1.08B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 116.31 | −0.077% | $122.9M | $226.8M | 75x | as long as short |
| BingX SOL-USDT | +0.0100% | 8h | 116.27 | −0.111% | — | $364.9M | — | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 116.26 | −0.120% | $23.0M | $40.0M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 116.35 | −0.039% | $25.1M | $114.1M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 116.43 | +0.028% | $93.5M | $401.9M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 116.43 | +0.026% | $47.6M | $30.9M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 116.50 | +0.088% | $1.2M | $6.7M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 116.48 | +0.069% | $1.3M | $12.0M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 116.26 | −0.120% | $320K | $2.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 116.19 | −0.181% | $25K | $32K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 116.26 | −0.124% | $189K | $1.8M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 116.25 | −0.129% | $6.1M | $10.8M | 20x | as long as short |
| HTX SOL-USDT | +0.0100% | 8h | 116.22 | −0.159% | $225.1M | $48.3M | 75x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 116.26 | −0.120% | $45.3M | $103.3M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 116.27 | −0.114% | $8.3M | $37.9M | 50x | as long as short |
| Injective SOL/USDC PERP | +0.0107% | 1h | 116.50 | +0.086% | $4K | $2K | 12x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 116.44 | +0.035% | — | $235.8M | 500x | as long as short |
| Phoenix SOL | +0.0151% | 1h | 116.57 | +0.146% | $6.5M | $13.8M | 25x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0170% | 1h | 116.30 | −0.084% | $26.2M | $23.1M | 50x | as long as short |
| Reya SOLRUSDPERP | +0.0192% | 1h | 116.24 | −0.136% | $1.1M | $542K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 116.24 | −0.137% | $51.8M | $67.1M | 125x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0235% / S −0.0179% | 1h | 116.26 | −0.120% | $3.6M | — | 200x | as long as short |
| Perpl SOL | +0.0335% | 43m | 116.30 | −0.090% | $118K | $3.7M | 8.3x | as long as short |
| Aftermath Perps SOLUSD | +0.0560% | 1h | 116.46 | +0.048% | $25K | $52K | 20x | as long as short |
| RISEx SOL/USDC | +0.0561% | 1h | 116.32 | −0.066% | $1.9M | $4.8M | 20x | as long as short |
01 Exchange SOLUSD
Bullet SOL-USD
Bitget SOLUSDT
Orderly PERP_SOL_USDC
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Katana Perps SOL-USD
Paradex SOL-USD-PERP
Nado SOL-PERP
Aster SOLUSDT
Pacifica SOL
Binance SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus SOL-USD
Bulk SOL-USD
Gate SOL_USDT
MEXC SOL_USDT
KuCoin SOLUSDTM
BingX SOL-USDT
Backpack SOL_USDC_PERP
Variational Omni SOL
edgeX SOLUSDC
GRVT SOL_USDT_Perp
ApeX Omni SOLUSDT
StandX SOL-USD
Polymarket Perps SOL-USD
Bluefin SOL-PERP
SunX SOL-USDT
SoDEX SOL-USD
HTX SOL-USDT
Phemex SOLUSDT
Extended SOL-USD
Injective SOL/USDC PERP
Jupiter Perps SOL-PERP
Phoenix SOL
Deribit SOL_USDC-PERPETUAL
Reya SOLRUSDPERP
BloFin SOL-USDT
GMX SOL/USD [SOL-USDC]
Perpl SOL
Aftermath Perps SOLUSD
RISEx SOL/USDC