Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.006%

Price spread now: KuCoin against Jupiter Perps+0.171%7-day average +0.010% · you sell dearer than you buy

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

Long on Jupiter Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.009%−$1 on $10k

Price spread, last 3 days (all we have)−0.089%−$9 · spread now +0.171%, 7d avg +0.010%

Together, before fees−0.098%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.162% dearer against Jupiter Perps than usual: you sell high and buy low (spread +0.171% now, against its 7-day average of +0.010%): +$16 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 27 days. At the pace of the last 3 days (−0.009% in total) that is about 57 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Jupiter Perps SOL-PERP	119.02	L +0.0120% / S +0.0048%	pay 0.0015% / 1h	15m 33s	—	$218.9M	500x
Short	KuCoin SOLUSDTM	119.23	0.0100	get 0.0100% / 8h	7h 15m	$138.9M	$203.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.171%Rate

Funding earned: −$4.2
Price spread: +0.171% → +0.010%: $16.18
Slippage, 4 orders: no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$12.02
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Jupiter Perps: no order-book sample; KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago	0.04 bp	7.2 bp −$7	10.0 bp −$100	13.5 bp −$1,345	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 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	119.23	+0.179%	$932	$8K	25x	as long as short
Vest SOL-PERP	−0.0079%	1h	119.19	+0.139%	—	$608K	20x	as long as short
Derive SOL-PERP	−0.0062%	1h	119.11	+0.073%	$2.0M	$2.7M	13x	as long as short
dYdX SOL-USD	−0.0020%	1h	119.30	+0.233%	$4.9M	$25.8M	20x	as long as short
Hibachi SOL/USDT-P	−0.0016%	1h	119.19	+0.142%	$101K	$650K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	119.24	+0.180%	$32.3M	$97.0M	100x	as long as short
HTX SOL-USDT	0.0000%	8h	119.11	+0.072%	$231.7M	$44.1M	75x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.20	+0.150%	$55K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.19	+0.141%	$1.2M	$20.1M	3.1x	as long as short
Perpl SOL	0.0000%	43m	119.26	+0.201%	$155K	$3.8M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0032%	1h	119.29	+0.225%	$104K	$160K	20x	as long as short
Bluefin SOL-PERP	+0.0067%	1h	119.19	+0.138%	$37K	$17K	25x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.27	+0.211%	—	$367.0M	—	as long as short
Orderly PERP_SOL_USDC	+0.0083%	8h	119.18	+0.134%	$1.0M	$5.9M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	119.24	+0.184%	$8.1M	$410.7M	50x	as long as short
Gate SOL_USDT	+0.0092%	8h	119.26	+0.200%	$857.2M	$670.3M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.21	+0.157%	$14.1M	$56.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.20	+0.151%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.14	+0.096%	$349K	$260K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	119.26	+0.199%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.21	+0.158%	$47K	$786K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.24	+0.184%	$6.3M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.39	+0.309%	$727.3M	$397.2M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.26	+0.200%	$180.2M	$176.6M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.27	+0.205%	$12.3M	$125.1M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.27	+0.208%	$982.0M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.31	+0.245%	$827.2M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.28	+0.217%	$371.5M	$1.68B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.12	+0.082%	$233K	$833K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.17	+0.124%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.76	−0.222%	$137.0M	$12.6M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.27	+0.208%	$433.0M	$1.13B	300x	as long as short
KuCoin SOLUSDTMshort	+0.0100%	8h	119.23	+0.171%	$138.9M	$203.4M	75x
Bitget SOLUSDT	+0.0100%	8h	119.27	+0.208%	$494.7M	$439.1M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.22	+0.166%	$24.0M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.18	+0.130%	$24.9M	$130.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.97	−0.047%	$95.6M	$404.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.12	+0.082%	$48.8M	$29.3M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.04	+0.015%	$1.5M	$6.0M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.17	+0.124%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.27	+0.208%	$362K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.27	+0.207%	$203K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.15	+0.110%	$193K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.23	+0.175%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.21	+0.158%	$46.8M	$99.7M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.22	+0.166%	$8.6M	$34.9M	50x	as long as short
Phoenix SOL	+0.0114%	1h	119.10	+0.066%	$6.6M	$13.6M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0120%	1h	119.27	+0.206%	$26.7M	$24.8M	50x	as long as short
Jupiter Perps SOL-PERPlong	L +0.0120% / S +0.0048%	1h	119.02	long leg	—	$218.9M	500x
RISEx SOL/USDC	+0.0161%	1h	119.23	+0.175%	$1.8M	$4.5M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0165% / S −0.0081%	1h	119.19	+0.144%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	119.01	−0.010%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0186%	1h	119.26	+0.199%	$1.1M	$524K	25x	as long as short
Aftermath Perps SOLUSD	+0.0194%	1h	119.05	+0.023%	$25K	$50K	20x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.04	+0.015%	$51.9M	$75.0M	125x	as long as short