Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.006%

Price spread now: Bybit against Jupiter Perps+0.060%7-day average +0.004% · you sell dearer than you buy

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

Long on Jupiter Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.024%−$2 on $10k

Price spread, last 3 days (all we have)+0.032%+$3 · spread now +0.060%, 7d avg +0.004%

Together, before fees+0.008%+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.056% dearer against Jupiter Perps than usual: you sell high and buy low (spread +0.060% now, against its 7-day average of +0.004%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Jupiter Perps SOL-PERP	119.25	L +0.0120% / S +0.0048%	pay 0.0015% / 1h	2m 06s	—	$224.8M	500x
Short	Bybit SOLUSDT	119.32	0.0100	get 0.0100% / 8h	1h 02m	$829.6M	$1.28B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Jupiter Perps. 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 Jupiter PerpsbpFee BybitbpOrdersPrice spread, now +0.060%Rate

Funding earned: −$4.2
Price spread: +0.060% → +0.004%: $5.62
Slippage, 4 orders: no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$21.58
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Jupiter Perps: no order-book sample; Bybit: live order book, 2 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 Jupiter Perps no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	0.42 bp	5.9 bp −$6	6.6 bp −$66	10.2 bp −$1,019	19.7 bp −$9,852

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
Bluefin SOL-PERP	−0.0178%	1h	119.25	+0.003%	$37K	$17K	25x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.27	+0.016%	$846	$8K	25x	as long as short
Vest SOL-PERP	−0.0064%	1h	119.20	−0.039%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0052%	1h	119.20	−0.041%	$2.0M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	119.29	+0.034%	$115K	—	150x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.26	+0.013%	$4.9M	$27.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.28	+0.028%	$1.2M	$20.6M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.27	+0.017%	$177K	$4.0M	8.3x	as long as short
Phoenix SOL	+0.0054%	1h	119.23	−0.015%	$6.5M	$13.6M	25x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	119.26	+0.010%	$104K	$156K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0070%	8h	119.28	+0.023%	$1.1M	$5.9M	100x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.28	+0.024%	—	$372.5M	—	as long as short
Hibachi SOL/USDT-P	+0.0080%	1h	119.21	−0.032%	$118K	$608K	20x	as long as short
HTX SOL-USDT	+0.0082%	8h	119.20	−0.037%	$232.0M	$45.0M	75x	as long as short
Aftermath Perps SOLUSD	+0.0083%	1h	119.16	−0.071%	$24K	$47K	20x	as long as short
Gate SOL_USDT	+0.0088%	8h	119.26	+0.010%	$870.6M	$690.4M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.27	+0.018%	$13.6M	$56.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.25	+0.003%	$2.2M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.16	−0.070%	$353K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.25	−0.001%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.25	+0.002%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.27	+0.018%	$6.1M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.36	+0.093%	$720.1M	$410.0M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.27	+0.022%	$178.6M	$175.6M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.30	+0.044%	$12.3M	$119.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.28	+0.028%	$982.6M	$3.81B	100x	as long as short
Bybit SOLUSDTshort	+0.0100%	8h	119.32	+0.060%	$829.6M	$1.28B	100x
OKX SOL-USDT-SWAP	+0.0100%	8h	119.28	+0.027%	$372.5M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.18	−0.057%	$233K	$876K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.29	+0.034%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.85	−0.334%	$133.1M	$7.6M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.27	+0.018%	$454.0M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.29	+0.034%	$139.7M	$202.5M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.27	+0.014%	$496.6M	$455.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.28	+0.027%	$24.2M	$37.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.17	−0.066%	$27.5M	$128.4M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.16	−0.078%	$95.7M	$401.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.21	−0.032%	$48.8M	$31.5M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.00	−0.208%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.20	−0.040%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.26	+0.010%	$369K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.27	+0.020%	$203K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.27	+0.015%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.27	+0.018%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.26	+0.010%	$46.6M	$102.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.25	−0.001%	$8.7M	$36.1M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.30	+0.045%	$8.3M	$416.8M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0116%	1h	119.33	+0.067%	$26.7M	$27.7M	50x	as long as short
Jupiter Perps SOL-PERPlong	L +0.0120% / S +0.0048%	1h	119.25	long leg	—	$224.8M	500x
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.28	+0.026%	$32.6M	$96.8M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0169% / S −0.0071%	1h	119.28	+0.030%	$3.7M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0182%	1h	119.24	−0.006%	$1.1M	$549K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.28	+0.025%	$1.7M	$5.5M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.02	−0.191%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.20	−0.040%	$52.0M	$84.0M	125x	as long as short