Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0156%/8h= −17.1% APRpaid last 24h −0.044%

Price spread now: Jupiter Perps against KuCoin+0.189%7-day average −0.015% · you sell dearer than you buy

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

Long on KuCoin Short on Jupiter Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.151%−$15 on $10k

Price spread, last 4 days (all we have)−0.239%−$24 · spread now +0.189%, 7d avg −0.015%

Together, before fees−0.390%−$39 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Jupiter Perps is 0.204% dearer against KuCoin than usual: you sell high and buy low (spread +0.189% now, against its 7-day average of −0.015%): +$20 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 4.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SOLUSDTM	117.27	0.0100	pay 0.0100% / 8h	5h 41m	$129.8M	$212.5M	75x
Short	Jupiter Perps SOL-PERP	117.50	L +0.0112% / S +0.0056%	pay 0.0007% / 1h	41m 15s	—	$220.8M	500x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Jupiter Perps against KuCoin. 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 KuCoinbpFee Jupiter PerpsbpOrdersPrice spread, now +0.189%Rate

Funding earned: −$32.76
Price spread: +0.189% → −0.015%: $20.41
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Jupiter Perps: 6 bp × 2 orders: −$12
Net: −$36.35
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 3 min ago; Jupiter Perps: no order-book sample. 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 KuCoin live order book, 3 min ago	0.60 bp	7.4 bp −$7	9.9 bp −$99	14.1 bp −$1,408	26.0 bp −$13.0K
Sell Jupiter Perps no order-book sample	—	—	—	—	—

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	117.33	+0.050%	$918	$8K	25x	as long as short
Vest SOL-PERP	−0.0058%	1h	117.27	0.000%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.24	−0.030%	$31.6M	$98.4M	100x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.19	−0.072%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.28	+0.005%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.32	+0.039%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.33	+0.050%	$1.4M	$19.4M	3.1x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0034%	1h	117.29	+0.012%	$26.3M	$25.2M	50x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	117.31	+0.032%	$100K	$163K	20x	as long as short
HTX SOL-USDT	+0.0056%	8h	117.26	−0.010%	$227.8M	$45.6M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.30	+0.026%	$8.0M	$402.6M	50x	as long as short
Hibachi SOL/USDT-P	+0.0072%	1h	117.52	+0.213%	$100K	$691K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	117.29	+0.011%	—	$362.9M	—	as long as short
Orderly PERP_SOL_USDC	+0.0089%	8h	117.27	−0.002%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.25	−0.021%	$13.0M	$59.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.26	−0.008%	$2.1M	$16.2M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.23	−0.041%	$343K	$226K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.30	+0.023%	$65K	$839K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.28	+0.008%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.34	+0.057%	$5.8M	$39.5M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.30	+0.026%	$176.0M	$177.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.32	+0.042%	$14.5M	$127.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.28	+0.006%	$965.3M	$3.73B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.32	+0.040%	$819.0M	$1.24B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.30	+0.023%	$365.4M	$1.63B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.38	+0.091%	$238K	$848K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.32	+0.037%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.45	+0.151%	$134.7M	$15.8M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.33	+0.049%	$856.9M	$647.1M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.29	+0.014%	$424.0M	$1.07B	300x	as long as short
KuCoin SOLUSDTMlong	+0.0100%	8h	117.27	long leg	$129.8M	$212.5M	75x
Bitget SOLUSDT	+0.0100%	8h	117.31	+0.027%	$486.3M	$433.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.49	+0.185%	$23.7M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.36	+0.078%	$24.3M	$119.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.40	+0.108%	$94.3M	$398.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.46	+0.160%	$48.1M	$28.4M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.39	+0.096%	$1.5M	$5.9M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.52	+0.211%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.29	+0.014%	$352K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.28	+0.004%	$200K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.25	−0.022%	$25K	$27K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.28	+0.005%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.24	−0.028%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.28	+0.006%	$45.6M	$100.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.20	−0.063%	$8.2M	$36.0M	50x	as long as short
Jupiter Perps SOL-PERPshort	L +0.0112% / S +0.0056%	1h	117.50	+0.189%	—	$220.8M	500x
Phoenix SOL	+0.0129%	1h	117.38	+0.091%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.39	+0.096%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0162%	1h	117.41	+0.117%	$717.2M	$393.4M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.27	−0.002%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.38	+0.091%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.24	−0.028%	$51.8M	$70.9M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.28	+0.008%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0381%	1h	117.41	+0.117%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.33	+0.049%	$127K	$3.8M	8.3x	as long as short