SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0313%/8h= −34.3% APRnext payment −$0.39 per $10,000 · paid last 24h −0.012%

Price spread now: Kraken Futures against Jupiter Perps+0.039%54s7-day average −0.002% · you sell dearer than you buy

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

Long on Jupiter Perps Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.019%−$2 on $10k

Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.039%, 7d avg −0.002%

Together, before fees−0.115%−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.041% dearer against Jupiter Perps than usual: you sell high and buy low (spread +0.039% now, against its 7-day average of −0.002%): +$4 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 3 days (−0.019% in total) that is about 7.4 days. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.019% in total (about -2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.39 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	Jupiter Perps SOL-PERP	116.47	L +0.0120% / S +0.0048%	pay 0.0015% / 1h	12m 25s	—	$235.7M	500x
Short	Kraken Futures PF_SOLUSD	116.52	−0.0193	pay 0.0024% / 1h	12m 25s	$31.3M	$102.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.039%Rate

Funding earned: −$65.78
Price spread: +0.039% → −0.002%: $4.06
Slippage, 4 orders: no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$83.72
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Jupiter Perps: no order-book sample; Kraken Futures: 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 Kraken Futures live order book, 2 min ago	1.72 bp	8.4 bp −$8	10.4 bp −$104	14.9 bp −$1,494	29.0 bp −$14.5K

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
Hibachi SOL/USDT-P	−0.0216%	1h	116.50	+0.027%	$105K	$703K	20x	as long as short
Kraken Futures PF_SOLUSDshort	−0.0193%	1h	116.52	+0.039%	$31.3M	$102.2M	100x
Vest SOL-PERP	−0.0107%	1h	116.38	−0.077%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.47	−0.002%	$1K	$8K	25x	as long as short
Bybit SOLUSDT	−0.0059%	8h	116.34	−0.113%	$750.5M	$1.40B	100x	as long as short
Derive SOL-PERP	−0.0030%	1h	116.42	−0.045%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.42	−0.045%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.53	+0.047%	$1.4M	$19.1M	3.1x	as long as short
dYdX SOL-USD	+0.0011%	1h	116.49	+0.015%	$4.4M	$24.2M	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.52	+0.045%	$7.6M	$405.3M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SOL-USD	+0.0060%	1h	116.40	−0.064%	$146K	$1.6M	20x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	116.44	−0.027%	$99K	$175K	20x	as long as short
Bitget SOLUSDT	+0.0091%	8h	116.39	−0.075%	$480.4M	$447.2M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0094%	8h	116.44	−0.026%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.47	−0.002%	$13.1M	$60.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.46	−0.008%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.51	+0.036%	$350K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.43	−0.036%	$61K	$896K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.48	+0.004%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.44	−0.026%	$5.4M	$40.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.53	+0.050%	$702.0M	$395.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.41	−0.053%	$174.4M	$183.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.50	+0.027%	$15.7M	$130.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.42	−0.045%	$971.0M	$3.83B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.45	−0.019%	$367.2M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.44	−0.027%	$227K	$846K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.48	+0.009%	$919K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.46	−0.010%	$132.4M	$15.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.39	−0.070%	$855.0M	$668.1M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.42	−0.045%	$367.8M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.41	−0.052%	$128.7M	$224.2M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.40	−0.064%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.49	+0.015%	$23.0M	$40.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.48	+0.011%	$24.4M	$113.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.58	+0.093%	$93.6M	$401.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.51	+0.031%	$47.7M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.71	+0.204%	$1.3M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.50	+0.024%	$1.3M	$12.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.40	−0.062%	$319K	$2.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.51	+0.033%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.50	+0.028%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.50	+0.024%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.48	+0.007%	$225.7M	$48.3M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.51	+0.033%	$45.3M	$103.4M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.39	−0.070%	$8.2M	$37.8M	50x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.70	+0.196%	$4K	$2K	12x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0110%	1h	116.55	+0.069%	$26.3M	$23.3M	50x	as long as short
Jupiter Perps SOL-PERPlong	L +0.0120% / S +0.0048%	1h	116.47	long leg	—	$235.7M	500x
Phoenix SOL	+0.0151%	1h	116.60	+0.110%	$6.5M	$13.8M	25x	as long as short
Reya SOLRUSDPERP	+0.0192%	1h	116.39	−0.074%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.50	+0.024%	$51.8M	$67.2M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.41	−0.051%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.48	+0.005%	$131K	$3.7M	8.3x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.52	+0.044%	$1.9M	$4.8M	20x	as long as short
Aftermath Perps SOLUSD	+0.0576%	1h	116.57	+0.081%	$25K	$52K	20x	as long as short