Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0148%/8h= −16.2% APRpaid last 24h −0.045%

Price spread now: Jupiter Perps against Binance+0.070%7-day average −0.007% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Jupiter Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.153%−$15 on $10k

Price spread, last 4 days (all we have)−0.158%−$16 · spread now +0.070%, 7d avg −0.007%

Together, before fees−0.311%−$31 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Jupiter Perps is 0.077% dearer against Binance than usual: you sell high and buy low (spread +0.070% now, against its 7-day average of −0.007%): +$8 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SOLUSDT	115.80	0.0100	pay 0.0100% / 8h	2h 32m	$961.7M	$3.88B	100x
Short	Jupiter Perps SOL-PERP	115.88	L +0.0120% / S +0.0048%	pay 0.0006% / 1h	32m 17s	—	$239.4M	500x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Jupiter Perps against Binance. 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 BinancebpFee Jupiter PerpsbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$31.08
Price spread: +0.070% → −0.007%: $7.71
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Jupiter Perps: 6 bp × 2 orders: −$12
Net: −$45.37
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 12 min ago; Jupiter Perps: no order-book sample. 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 Binance live order book, 12 min ago	0.43 bp	5.4 bp −$5	6.5 bp −$65	9.9 bp −$992	20.0 bp −$10.0K
Sell Jupiter Perps no order-book sample	—	—	—	—	—

Jupiter 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	−0.0241%	1h	115.79	−0.015%	$31.7M	$103.8M	100x	as long as short
Hibachi SOL/USDT-P	−0.0200%	1h	115.86	+0.047%	$104K	$693K	20x	as long as short
Derive SOL-PERP	−0.0125%	1h	115.71	−0.078%	$1.9M	$2.9M	13x	as long as short
Bybit SOLUSDT	−0.0116%	8h	115.76	−0.037%	$740.2M	$1.42B	100x	as long as short
BingX SOL-USDT	−0.0115%	8h	115.80	−0.002%	—	$368.4M	—	as long as short
Vest SOL-PERP	−0.0100%	1h	115.81	+0.009%	—	$625K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.05	+0.216%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	115.82	+0.015%	$41K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	115.86	+0.053%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	115.80	−0.005%	$113K	$3.7M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0014%	1h	115.86	+0.050%	$4.3M	$24.6M	20x	as long as short
01 Exchange SOLUSD	+0.0016%	1h	115.90	+0.084%	$99K	$176K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	115.81	+0.006%	$7.8M	$403.5M	50x	as long as short
Bitget SOLUSDT	+0.0069%	8h	115.75	−0.050%	$479.9M	$455.4M	100x	as long as short
Bullet SOL-USD	+0.0087%	1h	115.81	+0.008%	$147K	$1.6M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0096%	8h	115.83	+0.019%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	115.79	−0.014%	$12.9M	$60.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	115.77	−0.027%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	115.80	−0.003%	$348K	$247K	20x	as long as short
Aster SOLUSDT	+0.0099%	8h	115.77	−0.025%	$173.6M	$184.3M	100x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	115.82	+0.015%	$62K	$911K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	115.88	+0.068%	$1.0M	$550K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	115.80	−0.003%	$5.2M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	115.89	+0.075%	$686.5M	$399.3M	20x	as long as short
Pacifica SOL	+0.0100%	1h	115.92	+0.097%	$15.5M	$130.6M	20x	as long as short
Binance SOLUSDTlong	+0.0100%	8h	115.80	long leg	$961.7M	$3.88B	100x
OKX SOL-USDT-SWAP	+0.0100%	8h	115.78	−0.020%	$360.8M	$1.73B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	115.85	+0.040%	$216K	$872K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	115.91	+0.091%	$915K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	115.84	+0.033%	$125.6M	$19.8M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	115.85	+0.040%	$839.4M	$666.9M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	115.80	−0.003%	$359.6M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	115.77	−0.028%	$124.4M	$229.2M	75x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	115.83	+0.023%	$22.8M	$40.3M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.00	+0.167%	$24.8M	$114.4M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.13	+0.280%	$93.2M	$406.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	115.99	+0.161%	$47.5M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.19	+0.332%	$1.1M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	115.84	+0.032%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	115.82	+0.015%	$317K	$2.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	115.80	−0.003%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	115.83	+0.019%	$188K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	115.78	−0.020%	$6.0M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	115.74	−0.057%	$224.4M	$50.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	115.83	+0.023%	$45.1M	$104.4M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	115.73	−0.060%	$7.9M	$38.8M	50x	as long as short
Jupiter Perps SOL-PERPshort	L +0.0120% / S +0.0048%	1h	115.88	+0.070%	—	$239.4M	500x
Deribit SOL_USDC-PERPETUAL	+0.0121%	1h	115.82	+0.017%	$26.2M	$21.9M	50x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	116.55	+0.645%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	116.11	+0.265%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	115.77	−0.027%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	115.81	+0.006%	$51.8M	$67.8M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	115.82	+0.016%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0547%	1h	115.94	+0.122%	$2.0M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0599%	1h	115.99	+0.162%	$25K	$53K	20x	as long as short