SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0761%/8h= −83.3% APRnext payment −$0.95 per $10,000 · paid last 24h +0.013%

Price spread now: Hibachi against RISEx−0.044%7-day average +0.026% · 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−$28as in the Price arb table

costs, in and out, $10k−$210.213% of the position

Long on RISEx Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.082%−$8 on $10k

Price spread, last 4 days (all we have)+0.401%+$40 · spread now −0.044%, 7d avg +0.026%

Together, before fees+0.319%+ Points / potential airdropHibachi: Active · farm board+$32 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Hibachi is 0.070% cheaper against RISEx than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.026%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.082% in total (about -8.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.95 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	RISEx SOL/USDC	116.66	0.0561	pay 0.0070% / 1h	17m 46s	$1.9M	$4.8M	20x
Short	Hibachi SOL/USDT-P	116.61	−0.0200	pay 0.0025% / 1h	17m 46s	$105K	$703K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against RISEx. 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 RISExbpFee HibachibpOrdersPrice spread, now −0.044%Rate

Funding earned: −$159.8
Price spread: −0.044% → +0.026%: −$7.03
Slippage, 4 orders: −$6.3
Fee RISEx: 3 bp × 2 orders: −$6
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$188.13
Costs to cover: 0.213%
Break-even: never at this rate

Slippage from RISEx: live order book, 1 min ago; Hibachi: live order book, 36 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 RISEx live order book, 1 min ago	0.04 bp	5.4 bp −$5	9.3 bp −$93	doesn't fit	doesn't fit
Sell Hibachi live order book, 36 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	−0.0200%	1h	116.61	−0.044%	$105K	$703K	20x
Kraken Futures PF_SOLUSD	−0.0193%	1h	116.69	+0.025%	$31.2M	$101.8M	100x	as long as short
Vest SOL-PERP	−0.0104%	1h	116.56	−0.085%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.65	−0.012%	$1K	$8K	25x	as long as short
Bybit SOLUSDT	−0.0043%	8h	116.61	−0.046%	$754.4M	$1.39B	100x	as long as short
Derive SOL-PERP	−0.0030%	1h	116.59	−0.062%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.66	−0.003%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.63	−0.031%	$1.4M	$19.1M	3.1x	as long as short
dYdX SOL-USD	+0.0013%	1h	116.78	+0.099%	$4.4M	$24.2M	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.72	+0.050%	$7.6M	$406.0M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0064%	1h	116.60	−0.055%	$99K	$175K	20x	as long as short
Bullet SOL-USD	+0.0066%	1h	116.63	−0.030%	$146K	$1.6M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0094%	8h	116.67	+0.009%	$1.0M	$5.9M	100x	as long as short
Bitget SOLUSDT	+0.0095%	8h	116.76	+0.080%	$481.7M	$446.6M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.74	+0.067%	$13.2M	$60.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.76	+0.085%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.66	−0.005%	$351K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.54	−0.106%	$61K	$896K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.60	−0.051%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.57	−0.081%	$5.4M	$40.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.85	+0.159%	$704.1M	$395.4M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.71	+0.039%	$174.8M	$183.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.64	−0.024%	$15.8M	$130.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.72	+0.046%	$973.6M	$3.83B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.70	+0.031%	$368.6M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.59	−0.063%	$228K	$838K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.61	−0.044%	$919K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.45	−0.181%	$133.0M	$16.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.73	+0.057%	$856.5M	$666.3M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.73	+0.057%	$366.3M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.69	+0.022%	$129.1M	$223.7M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.72	+0.052%	—	$364.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.71	+0.039%	$23.0M	$40.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.56	−0.085%	$24.4M	$113.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.57	−0.084%	$93.6M	$401.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.60	−0.054%	$47.7M	$30.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.69	+0.022%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.60	−0.055%	$1.3M	$12.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.62	−0.038%	$320K	$2.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.66	−0.006%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.59	−0.061%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.66	−0.003%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.67	+0.008%	$226.1M	$48.2M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.70	+0.031%	$45.4M	$103.3M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.67	+0.004%	$8.2M	$37.8M	50x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.70	+0.031%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.59	−0.063%	—	$235.7M	500x	as long as short
Phoenix SOL	+0.0151%	1h	116.58	−0.072%	$6.5M	$13.8M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0180%	1h	116.75	+0.070%	$26.3M	$23.3M	50x	as long as short
Reya SOLRUSDPERP	+0.0191%	1h	116.60	−0.058%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.58	−0.072%	$51.9M	$67.3M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.65	−0.012%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.60	−0.052%	$137K	$3.7M	8.3x	as long as short
RISEx SOL/USDClong	+0.0561%	1h	116.66	long leg	$1.9M	$4.8M	20x
Aftermath Perps SOLUSD	+0.0568%	1h	116.68	+0.016%	$25K	$51K	20x	as long as short