Funding you earn now, next payment 06:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h +0.003%
Price spread now: Hyperliquid against Katana Perps+0.060%7-day average +0.075% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.006%+$1 on $10k
+Price spread, last 7 days−0.005%−$1 · spread now +0.060%, 7d avg +0.075%
=Together, before fees+0.001%+ Points / potential airdropHyperliquid: Season 2 · farm board$0 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps SOL-USD | 116.52 | 0.0099 | pay 0.0099% / 8h | 2h 17m | $64K | $912K | 20x |
| Short | Hyperliquid SOL | 116.59 | 0.0100 | get 0.0013% / 1h | 17m 09s | $696.6M | $406.5M | 20x |
Katana Perps SOL-USD
Hyperliquid SOLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Katana Perps. 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
- $0.14
- Price spread: +0.060% → +0.075%
- −$1.52
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$14.18
- Costs to cover
- 0.128%
- Break-even
- 712.3 days
Slippage unknown: Katana Perps: no order-book sample; Hyperliquid: live order book, 7 min ago. Net counts fees only.
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 Katana Perps no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 7 min ago | 0.43 bp | 4.9 bp −$5 | 5.6 bp −$56 | 9.3 bp −$929 | 14.5 bp −$7,254 |
Katana Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0240% | 1h | 116.53 | +0.005% | $31.9M | $102.9M | 100x | as long as short |
| Hibachi SOL/USDT-P | −0.0128% | 1h | 116.50 | −0.021% | $104K | $693K | 20x | as long as short |
| BingX SOL-USDC | −0.0112% | 8h | 116.47 | −0.045% | — | $10.6M | — | as long as short |
| Bybit SOLUSDT | −0.0107% | 8h | 116.45 | −0.061% | $740.4M | $1.43B | 100x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 116.57 | +0.039% | $1K | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0052% | 1h | 116.51 | −0.011% | — | $625K | 20x | as long as short |
| Derive SOL-PERP | −0.0011% | 1h | 116.45 | −0.059% | $1.9M | $2.9M | 13x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0001% / S +0.0004% | 1h | 116.52 | +0.002% | $42K | — | 150x | as long as short |
| Kalshi KXSOLPERP | 0.0000% | 8h | 116.55 | +0.025% | $1.5M | $19.4M | 3.1x | as long as short |
| Perpl SOL | 0.0000% | 43m | 116.54 | +0.019% | $113K | $3.7M | 8.3x | as long as short |
Kraken Futures PF_SOLUSD
Hibachi SOL/USDT-P
BingX SOL-USDC
Bybit SOLUSDT
Hotstuff SOL-PERP
Vest SOL-PERP
Derive SOL-PERP
gTrade (Gains Network) SOL/USD
Kalshi KXSOLPERP
Perpl SOLShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX SOL-USD | +0.0009% | 1h | 116.49 | −0.029% | $4.3M | $24.0M | 20x | as long as short |
| 01 Exchange SOLUSD | +0.0032% | 1h | 116.55 | +0.026% | $100K | $178K | 20x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0048% | 1h | 116.54 | +0.019% | $7.7M | $405.6M | 50x | as long as short |
| Bitget SOLUSDT | +0.0064% | 8h | 116.46 | −0.055% | $479.7M | $460.3M | 100x | as long as short |
| Orderly PERP_SOL_USDC | +0.0096% | 8h | 116.53 | +0.012% | $1.0M | $5.9M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 116.52 | 0.000% | $13.0M | $61.3M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 116.51 | −0.012% | $2.2M | $17.0M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 116.52 | −0.002% | $350K | $247K | 20x | as long as short |
| Katana Perps SOL-USDlong | +0.0099% | 8h | 116.52 | long leg | $64K | $912K | 20x | |
| Paradex SOL-USD-PERP | +0.0100% | 8h | 116.59 | +0.062% | $1.0M | $550K | 50x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 116.51 | −0.008% | $5.2M | $40.7M | 40x | as long as short |
| Hyperliquid SOLshort | +0.0100% | 1h | 116.59 | +0.060% | $696.6M | $406.5M | 20x | |
| Aster SOLUSDT | +0.0100% | 8h | 116.52 | +0.001% | $175.7M | $176.8M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 116.54 | +0.019% | $15.7M | $130.5M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 116.51 | −0.007% | $972.0M | $3.89B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 116.46 | −0.051% | $364.3M | $1.75B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 116.40 | −0.103% | $216K | $878K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 116.60 | +0.065% | $913K | $8.8M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 115.85 | −0.574% | $123.9M | $22.0M | 20x | as long as short |
| Gate SOL_USDT | +0.0100% | 8h | 116.50 | −0.017% | $842.8M | $672.9M | 100x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 116.47 | −0.043% | $354.6M | $1.08B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 116.51 | −0.007% | $126.8M | $230.6M | 75x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 116.49 | −0.026% | $23.0M | $38.1M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 115.99 | −0.451% | $24.8M | $114.3M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 116.07 | −0.390% | $93.2M | $407.9M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 116.40 | −0.101% | $47.7M | $30.8M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 116.44 | −0.065% | $1.2M | $6.8M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 116.45 | −0.060% | $1.3M | $12.0M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 116.52 | 0.000% | $319K | $2.7M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 116.52 | −0.003% | $169K | $1.6M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 116.54 | +0.014% | $25K | $33K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 116.52 | −0.003% | $190K | $1.8M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 116.52 | 0.000% | $6.1M | $10.9M | 20x | as long as short |
| HTX SOL-USDT | +0.0100% | 8h | 116.53 | +0.010% | $225.7M | $50.1M | 75x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 116.50 | −0.017% | $45.3M | $105.1M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 116.47 | −0.046% | $8.0M | $39.3M | 50x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0108% | 1h | 116.58 | +0.051% | $26.3M | $22.0M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 116.53 | +0.004% | — | $239.4M | 500x | as long as short |
| Injective SOL/USDC PERP | +0.0173% | 1h | 115.66 | −0.738% | $4K | $2K | 12x | as long as short |
| Phoenix SOL | +0.0179% | 1h | 116.37 | −0.129% | $6.5M | $13.7M | 25x | as long as short |
| Reya SOLRUSDPERP | +0.0193% | 1h | 116.50 | −0.021% | $1.1M | $542K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 116.50 | −0.017% | $51.8M | $68.2M | 125x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0233% / S −0.0173% | 1h | 116.51 | −0.007% | $3.5M | — | 200x | as long as short |
| RISEx SOL/USDC | +0.0547% | 1h | 116.63 | +0.099% | $2.1M | $4.9M | 20x | as long as short |
| Aftermath Perps SOLUSD | +0.0559% | 1h | 116.18 | −0.290% | $25K | $55K | 20x | as long as short |
dYdX SOL-USD
01 Exchange SOLUSD
Coinbase International SOL-PERP-INTX
Bitget SOLUSDT
Orderly PERP_SOL_USDC
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
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
Backpack SOL_USDC_PERP
Variational Omni SOL
edgeX SOLUSDC
GRVT SOL_USDT_Perp
ApeX Omni SOLUSDT
StandX SOL-USD
Polymarket Perps SOL-USD
Bullet SOL-USD
Bluefin SOL-PERP
SunX SOL-USDT
SoDEX SOL-USD
HTX SOL-USDT
Phemex SOLUSDT
Extended SOL-USD
Deribit SOL_USDC-PERPETUAL
Jupiter Perps SOL-PERP
Injective SOL/USDC PERP
Phoenix SOL
Reya SOLRUSDPERP
BloFin SOL-USDT
GMX SOL/USD [SOL-USDC]
RISEx SOL/USDC
Aftermath Perps SOLUSD