Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.005%

Price spread now: SunX against Jupiter Perps−0.007%7-day average −0.016% · you buy dearer than you sell

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

Long on Jupiter Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.016%−$2 on $10k

Price spread, last 4 days (all we have)0.000%$0 · spread now −0.007%, 7d avg −0.016%

Together, before fees−0.016%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.016%, 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	116.21	L +0.0120% / S +0.0048%	pay 0.0015% / 1h	42m 17s	—	$238.0M	500x
Short	SunX SOL-USDT	116.20	0.0100	get 0.0100% / 8h	2h 42m	$189K	$1.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$4.2
Price spread: −0.007% → −0.016%: $0.88
Slippage, 4 orders: no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$23.32
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Jupiter Perps: no order-book sample; SunX: live order book, 3 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 SunX live order book, 3 min ago	2.31 bp	21.3 bp −$21	29.2 bp −$292	doesn't fit	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
Kraken Futures PF_SOLUSD	−0.0240%	1h	116.21	+0.001%	$31.5M	$103.2M	100x	as long as short
Hibachi SOL/USDT-P	−0.0224%	1h	116.27	+0.051%	$104K	$705K	20x	as long as short
Vest SOL-PERP	−0.0125%	1h	116.17	−0.034%	—	$625K	20x	as long as short
Bybit SOLUSDT	−0.0115%	8h	116.15	−0.052%	$742.4M	$1.41B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.23	+0.021%	$1K	$8K	25x	as long as short
Derive SOL-PERP	−0.0051%	1h	116.12	−0.073%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.20	−0.004%	$42K	—	150x	as long as short
01 Exchange SOLUSD	0.0000%	1h	116.18	−0.026%	$99K	$176K	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.34	+0.112%	$1.4M	$19.1M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.22	+0.013%	$112K	$3.7M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0016%	1h	116.24	+0.026%	$4.4M	$24.2M	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.23	+0.016%	$7.7M	$404.5M	50x	as long as short
Bullet SOL-USD	+0.0049%	1h	116.18	−0.023%	$147K	$1.6M	20x	as long as short
Bitget SOLUSDT	+0.0073%	8h	116.17	−0.032%	$481.1M	$450.6M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0095%	8h	116.23	+0.016%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.22	+0.011%	$13.0M	$60.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.22	+0.004%	$2.2M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.19	−0.017%	$349K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.16	−0.043%	$65K	$899K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	116.23	+0.015%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.16	−0.045%	$5.3M	$40.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.26	+0.043%	$698.0M	$394.0M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.17	−0.033%	$174.1M	$183.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.25	+0.032%	$15.7M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.19	−0.017%	$969.0M	$3.85B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.20	−0.009%	$365.7M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.17	−0.034%	$213K	$870K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.25	+0.031%	$916K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.24	+0.024%	$130.1M	$16.3M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.19	−0.017%	$848.8M	$660.5M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.20	−0.009%	$365.6M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.18	−0.022%	$123.7M	$227.7M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.16	−0.044%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.22	+0.009%	$22.9M	$40.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.26	+0.047%	$25.0M	$114.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.45	+0.210%	$93.5M	$403.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.31	+0.086%	$47.6M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.42	+0.185%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.37	+0.138%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.16	−0.043%	$320K	$2.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.19	−0.022%	$25K	$33K	25x	as long as short
SunX SOL-USDTshort	+0.0100%	8h	116.20	−0.007%	$189K	$1.8M	30x
SoDEX SOL-USD	+0.0100%	1h	116.20	−0.009%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.24	+0.029%	$225.2M	$48.5M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.25	+0.034%	$45.3M	$103.7M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.15	−0.049%	$8.1M	$38.4M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0114%	1h	116.26	+0.043%	$26.2M	$22.8M	50x	as long as short
Jupiter Perps SOL-PERPlong	L +0.0120% / S +0.0048%	1h	116.21	long leg	—	$238.0M	500x
Injective SOL/USDC PERP	+0.0173%	1h	116.55	+0.293%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	116.48	+0.232%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0192%	1h	116.15	−0.054%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.20	−0.009%	$51.9M	$67.4M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.20	−0.011%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0547%	1h	116.27	+0.052%	$1.9M	$4.8M	20x	as long as short
Aftermath Perps SOLUSD	+0.0596%	1h	116.37	+0.139%	$25K	$52K	20x	as long as short