Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.005%

Price spread now: GRVT against Jupiter Perps−0.011%7-day average +0.002% · you buy dearer than you sell

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

Long on Jupiter Perps Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.018%−$2 on $10k

Price spread, last 4 days (all we have)0.000%$0 · spread now −0.011%, 7d avg +0.002%

Together, before fees−0.018%+ Points / potential airdropGRVT: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Jupiter Perps SOL-PERP	116.60	L +0.0120% / S +0.0056%	pay 0.0015% / 1h	8m 26s	—	$233.7M	500x
Short	GRVT SOL_USDT_Perp	116.59	0.0100	get 0.0100% / 8h	1h 08m	$47.7M	$30.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.011%Rate

Funding earned: −$4.2
Price spread: −0.011% → +0.002%: −$1.26
Slippage, 4 orders: no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$26.46
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Jupiter Perps: no order-book sample; GRVT: live order book, 6 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 GRVT live order book, 6 min ago	0.43 bp	4.9 bp −$5	5.3 bp −$53	9.9 bp −$991	doesn't fit

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 54 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-P	−0.0200%	1h	116.61	+0.007%	$97K	$678K	20x	as long as short
Bybit SOLUSDT	−0.0113%	8h	116.61	+0.007%	$739.1M	$1.43B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.63	+0.020%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.64	+0.030%	$32.3M	$106.2M	100x	as long as short
Vest SOL-PERP	−0.0046%	1h	116.63	+0.022%	—	$634K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.62	+0.013%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.65	+0.043%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.66	+0.046%	$106K	$3.5M	8.3x	as long as short
dYdX SOL-USD	+0.0017%	1h	116.62	+0.016%	$4.3M	$23.6M	20x	as long as short
Bitget SOLUSDT	+0.0038%	8h	116.64	+0.037%	$480.8M	$459.2M	100x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0048%	1h	116.66	+0.050%	$99K	$178K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.63	+0.025%	$8.0M	$402.7M	50x	as long as short
Lighter RH SOL	+0.0056%	1h	116.62	+0.014%	$2.2M	$16.9M	25x	as long as short
Aster SOLUSDT	+0.0076%	8h	116.62	+0.016%	$176.5M	$169.5M	100x	as long as short
SoDEX SOL-USD	+0.0080%	1h	116.62	+0.016%	$6.1M	$11.0M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0084%	8h	116.61	+0.012%	$1.0M	$5.9M	100x	as long as short
Paradex SOL-USD-PERP	+0.0092%	8h	116.61	+0.005%	$1.0M	$554K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.64	+0.030%	$13.1M	$61.1M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.62	+0.016%	$351K	$252K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.60	−0.001%	$66K	$910K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.62	+0.017%	$5.6M	$41.2M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.76	+0.136%	$701.5M	$408.2M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.69	+0.072%	$15.7M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.63	+0.021%	$966.8M	$3.87B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.63	+0.025%	$367.5M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.62	+0.016%	$216K	$837K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.65	+0.038%	$900K	$8.7M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	−0.044%	$125.4M	$26.0M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.64	+0.033%	$850.4M	$675.3M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.63	+0.025%	$369.2M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.63	+0.020%	$133.0M	$233.2M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.59	−0.012%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.61	+0.007%	$23.1M	$37.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.52	−0.067%	$25.1M	$111.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.56	−0.039%	$93.6M	$408.3M	75x	as long as short
GRVT SOL_USDT_Perpshort	+0.0100%	8h	116.59	−0.011%	$47.7M	$30.2M	20x
ApeX Omni SOLUSDT	+0.0100%	1h	116.59	−0.010%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.63	+0.025%	$1.3M	$11.9M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.66	+0.050%	$313K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.64	+0.031%	$242K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.65	+0.039%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.62	+0.015%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.59	−0.006%	$225.8M	$50.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.59	−0.010%	$45.4M	$104.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.59	−0.011%	$8.0M	$38.0M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0113%	1h	116.70	+0.085%	$26.4M	$21.7M	50x	as long as short
Jupiter Perps SOL-PERPlong	L +0.0120% / S +0.0056%	1h	116.60	long leg	—	$233.7M	500x
Injective SOL/USDC PERP	+0.0176%	1h	116.69	+0.076%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.72	+0.102%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0195%	1h	116.63	+0.026%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.58	−0.018%	$52.1M	$66.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.61	+0.007%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.72	+0.099%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0493%	1h	116.69	+0.072%	$25K	$57K	20x	as long as short