SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0001%/8h= −0.2% APRnext payment −$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: SoDEX against Hyperliquid−0.179%7-day average −0.070% · 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−$31as in the Price arb table

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

Long on Hyperliquid Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.008%−$1 on $10k

Price spread, last 4 days (all we have)−0.538%−$54 · spread now −0.179%, 7d avg −0.070%

Together, before fees−0.547%+ Points / potential airdropHyperliquid: Season 2 · farm board−$55 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.109% cheaper against Hyperliquid than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid SOL	117.33	0.0100	pay 0.0013% / 1h	13m 00s	$711.7M	$392.8M	20x
Short	SoDEX SOL-USD	117.12	0.0099	get 0.0012% / 1h	13m 00s	$6.1M	$11.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.179%Rate

Funding earned: −$0.3
Price spread: −0.179% → −0.070%: −$10.88
Slippage, 4 orders: −$2.67
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$30.85
Costs to cover: 0.197%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 11 min ago; SoDEX: live order book, 1 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	5.9 bp −$6	7.6 bp −$76	11.0 bp −$1,104	doesn't fit
Sell SoDEX live order book, 1 min ago	0.43 bp	4.4 bp −$4	5.0 bp −$50	13.9 bp −$1,385	doesn't fit

SOL on 54 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
Hotstuff SOL-PERP	−0.0080%	1h	117.27	−0.050%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0057%	1h	117.17	−0.133%	$32.5M	$99.3M	100x	as long as short
Bybit SOLUSDT	−0.0052%	8h	117.19	−0.123%	$732.9M	$1.31B	100x	as long as short
Vest SOL-PERP	−0.0004%	1h	117.19	−0.122%	—	$517K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.18	−0.128%	$39K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.31	−0.018%	$1.3M	$18.1M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.19	−0.118%	$100K	$3.0M	8.3x	as long as short
Bitget SOLUSDT	+0.0022%	8h	117.22	−0.098%	$485.2M	$424.3M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0040%	1h	117.17	−0.135%	$8.1M	$386.3M	50x	as long as short
Aster SOLUSDT	+0.0052%	8h	117.21	−0.101%	$178.1M	$164.9M	100x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0065%	8h	117.14	−0.159%	$1.0M	$5.5M	100x	as long as short
dYdX SOL-USD	+0.0073%	1h	117.27	−0.054%	$8.2M	$21.5M	20x	as long as short
Phemex SOLUSDT	+0.0079%	8h	117.21	−0.102%	$45.5M	$102.6M	50x	as long as short
Lighter SOL	+0.0096%	1h	117.15	−0.153%	$13.2M	$56.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.14	−0.162%	$2.2M	$15.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.13	−0.174%	$353K	$234K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	117.25	−0.070%	$1.0M	$554K	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0098%	1h	117.20	−0.110%	$26.4M	$20.3M	50x	as long as short
SoDEX SOL-USDshort	+0.0099%	1h	117.12	−0.179%	$6.1M	$11.1M	20x
Katana Perps SOL-USD	+0.0100%	8h	117.27	−0.051%	$48K	$841K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.22	−0.092%	$5.4M	$40.2M	40x	as long as short
Hyperliquid SOLlong	+0.0100%	1h	117.33	long leg	$711.7M	$392.8M	20x
Pacifica SOL	+0.0100%	1h	117.27	−0.048%	$15.8M	$127.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.20	−0.110%	$966.8M	$3.64B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.22	−0.094%	$366.8M	$1.65B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.28	−0.043%	$219K	$821K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.27	−0.049%	$934K	$8.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.93	−0.342%	$126.5M	$25.4M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.19	−0.119%	$851.4M	$624.5M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.19	−0.119%	$418.5M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.20	−0.113%	$132.0M	$231.6M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	117.21	−0.103%	—	$357.8M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.23	−0.085%	$23.3M	$36.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.15	−0.155%	$25.1M	$102.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.05	−0.234%	$94.0M	$408.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.10	−0.196%	$47.9M	$27.3M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.05	−0.242%	$1.1M	$6.6M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.29	−0.034%	$1.3M	$10.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.21	−0.102%	$322K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.19	−0.122%	$285K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.18	−0.130%	$27K	$34K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.15	−0.158%	$190K	$1.6M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	117.14	−0.160%	$226.8M	$47.5M	75x	as long as short
Extended SOL-USD	+0.0104%	1h	117.17	−0.133%	$8.3M	$34.9M	50x	as long as short
01 Exchange SOLUSD	+0.0104%	1h	117.27	−0.051%	$101K	$181K	20x	as long as short
Hibachi SOL/USDT-P	+0.0120%	1h	117.34	+0.008%	$105K	$654K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	117.25	−0.070%	—	$215.6M	500x	as long as short
Phoenix SOL	+0.0124%	1h	117.19	−0.119%	$6.5M	$13.4M	25x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	−0.844%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0197%	1h	117.14	−0.159%	$1.1M	$541K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.15	−0.153%	$52.1M	$59.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0170%	1h	117.19	−0.122%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0415%	1h	117.00	−0.285%	$25K	$52K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	117.28	−0.043%	$2.2M	$4.7M	20x	as long as short