Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0148%/8h= −16.2% APRpaid last 24h −0.024%

Price spread now: Jupiter Perps against GRVT−0.165%7-day average −0.003% · you buy dearer than you sell

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

Long on GRVT Short on Jupiter Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.130%−$13 on $10k

Price spread, last 3 days (all we have)+0.175%+$18 · spread now −0.165%, 7d avg −0.003%

Together, before fees+0.045%+ Points / potential airdropGRVT: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Jupiter Perps is 0.161% cheaper against GRVT than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.003%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT SOL_USDT_Perp	119.15	0.0100	pay 0.0100% / 8h	7h 21m	$48.8M	$29.2M	20x
Short	Jupiter Perps SOL-PERP	118.95	L +0.0120% / S +0.0048%	pay 0.0006% / 1h	21m 18s	—	$219.4M	500x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Jupiter Perps against GRVT. 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 GRVTbpFee Jupiter PerpsbpOrdersPrice spread, now −0.165%Rate

Funding earned: −$31.08
Price spread: −0.165% → −0.003%: −$16.13
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Jupiter Perps: 6 bp × 2 orders: −$12
Net: −$68.21
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 3 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 GRVT live order book, 3 min ago	0.42 bp	4.9 bp −$5	4.9 bp −$49	8.9 bp −$887	doesn't fit
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
Hotstuff SOL-PERP	−0.0080%	1h	118.96	−0.157%	$930	$8K	25x	as long as short
Vest SOL-PERP	−0.0077%	1h	118.86	−0.244%	—	$608K	20x	as long as short
Derive SOL-PERP	−0.0062%	1h	118.83	−0.271%	$2.0M	$2.7M	13x	as long as short
dYdX SOL-USD	−0.0022%	1h	118.96	−0.162%	$5.0M	$25.7M	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	118.97	−0.151%	$32.4M	$97.3M	100x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.93	−0.184%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.02	−0.111%	$1.2M	$20.1M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.90	−0.208%	$154K	$3.8M	8.3x	as long as short
HTX SOL-USDT	+0.0016%	8h	118.87	−0.234%	$231.3M	$44.0M	75x	as long as short
Hibachi SOL/USDT-P	+0.0016%	1h	118.97	−0.151%	$100K	$657K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bluefin SOL-PERP	+0.0026%	1h	118.92	−0.196%	$37K	$17K	25x	as long as short
01 Exchange SOLUSD	+0.0032%	1h	118.87	−0.234%	$104K	$159K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	118.92	−0.188%	—	$366.3M	—	as long as short
Orderly PERP_SOL_USDC	+0.0082%	8h	118.92	−0.189%	$1.0M	$5.9M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	118.95	−0.164%	$8.1M	$409.7M	50x	as long as short
Lighter SOL	+0.0096%	1h	118.90	−0.212%	$14.2M	$56.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.90	−0.207%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.91	−0.197%	$348K	$249K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.91	−0.199%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.88	−0.226%	$47K	$786K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.88	−0.223%	$5.9M	$40.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.99	−0.133%	$724.3M	$396.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.87	−0.234%	$179.5M	$177.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.93	−0.187%	$12.2M	$124.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.91	−0.201%	$979.4M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.94	−0.175%	$823.9M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.92	−0.192%	$370.7M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.86	−0.243%	$233K	$830K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.89	−0.214%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.07	−0.066%	$136.4M	$9.7M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	118.89	−0.217%	$854.6M	$668.4M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.88	−0.226%	$429.5M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.89	−0.216%	$138.6M	$202.9M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.93	−0.187%	$493.7M	$439.4M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.95	−0.167%	$24.1M	$37.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.93	−0.188%	$25.0M	$130.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.00	−0.121%	$95.6M	$403.0M	75x	as long as short
GRVT SOL_USDT_Perplong	+0.0100%	8h	119.15	long leg	$48.8M	$29.2M	20x
ApeX Omni SOLUSDT	+0.0100%	1h	119.04	−0.091%	$1.5M	$6.1M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	118.97	−0.150%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.88	−0.226%	$354K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.89	−0.213%	$203K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.91	−0.200%	$193K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.94	−0.175%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.97	−0.150%	$46.6M	$99.8M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	118.90	−0.211%	$8.6M	$34.9M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0106%	1h	119.00	−0.125%	$26.7M	$24.8M	50x	as long as short
Phoenix SOL	+0.0114%	1h	119.17	+0.018%	$6.6M	$13.6M	25x	as long as short
Jupiter Perps SOL-PERPshort	L +0.0120% / S +0.0048%	1h	118.95	−0.165%	—	$219.4M	500x
RISEx SOL/USDC	+0.0161%	1h	118.89	−0.221%	$1.8M	$4.6M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0165% / S −0.0081%	1h	118.93	−0.188%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	119.01	−0.117%	$4K	$2K	12x	as long as short
Aftermath Perps SOLUSD	+0.0185%	1h	119.03	−0.100%	$25K	$50K	20x	as long as short
Reya SOLRUSDPERP	+0.0186%	1h	118.86	−0.243%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.04	−0.091%	$51.9M	$76.2M	125x	as long as short