Funding arb · Price arb /

SOL

all SOL markets

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 Bybit−0.070%7-day average −0.009% · you buy dearer than you sell

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

Long on Bybit Short on Jupiter Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.144%−$14 on $10k

Price spread, last 4 days (all we have)+0.022%+$2 · spread now −0.070%, 7d avg −0.009%

Together, before fees−0.122%−$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Jupiter Perps is 0.061% cheaper against Bybit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.009%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SOLUSDT	117.61	0.0100	pay 0.0100% / 8h	5h 33m	$825.2M	$1.25B	100x
Short	Jupiter Perps SOL-PERP	117.53	L +0.0112% / S +0.0056%	pay 0.0007% / 1h	33m 04s	—	$218.8M	500x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Jupiter Perps against Bybit. 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 BybitbpFee Jupiter PerpsbpOrdersPrice spread, now −0.070%Rate

Funding earned: −$32.76
Price spread: −0.070% → −0.009%: −$6.06
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Jupiter Perps: 6 bp × 2 orders: −$12
Net: −$61.82
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 1 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 Bybit live order book, 1 min ago	0.43 bp	5.9 bp −$6	6.4 bp −$64	9.3 bp −$929	20.1 bp −$10.0K
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	117.60	−0.009%	$920	$8K	25x	as long as short
Vest SOL-PERP	−0.0062%	1h	117.51	−0.088%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.61	−0.001%	$31.7M	$98.4M	100x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.52	−0.082%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.61	−0.003%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.51	−0.090%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.59	−0.020%	$1.4M	$19.3M	3.1x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	117.58	−0.027%	$100K	$163K	20x	as long as short
Hibachi SOL/USDT-P	+0.0064%	1h	117.50	−0.098%	$104K	$695K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.62	+0.009%	$8.0M	$404.2M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	+0.0066%	1h	117.65	+0.029%	$26.4M	$24.9M	50x	as long as short
BingX SOL-USDT	+0.0070%	8h	117.61	+0.003%	—	$362.8M	—	as long as short
HTX SOL-USDT	+0.0081%	8h	117.39	−0.188%	$228.0M	$45.5M	75x	as long as short
Orderly PERP_SOL_USDC	+0.0089%	8h	117.61	−0.004%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.61	−0.002%	$13.1M	$59.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.60	−0.013%	$2.1M	$16.3M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.60	−0.009%	$345K	$226K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.53	−0.070%	$65K	$839K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.61	−0.001%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.51	−0.087%	$5.8M	$39.1M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.63	+0.015%	$176.4M	$178.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.59	−0.015%	$14.5M	$128.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.60	−0.010%	$967.3M	$3.72B	100x	as long as short
Bybit SOLUSDTlong	+0.0100%	8h	117.61	long leg	$825.2M	$1.25B	100x
OKX SOL-USDT-SWAP	+0.0100%	8h	117.58	−0.027%	$366.7M	$1.63B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.51	−0.087%	$237K	$852K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.57	−0.037%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.44	−0.144%	$135.1M	$16.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.60	−0.010%	$859.1M	$649.1M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.61	−0.002%	$426.2M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.61	−0.001%	$130.0M	$212.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.58	−0.025%	$487.3M	$432.9M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.62	+0.007%	$23.7M	$37.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.44	−0.144%	$24.3M	$116.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.39	−0.190%	$94.3M	$399.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.46	−0.126%	$48.1M	$28.5M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.45	−0.135%	$1.5M	$5.9M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.42	−0.163%	$1.3M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.60	−0.010%	$353K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.59	−0.015%	$200K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.59	−0.019%	$25K	$28K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.50	−0.095%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.61	−0.002%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.61	−0.002%	$45.8M	$100.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.56	−0.047%	$8.2M	$36.1M	50x	as long as short
Jupiter Perps SOL-PERPshort	L +0.0112% / S +0.0056%	1h	117.53	−0.070%	—	$218.8M	500x
Phoenix SOL	+0.0129%	1h	117.65	+0.032%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.66	+0.037%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0170%	1h	117.73	+0.100%	$719.3M	$392.3M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.59	−0.022%	$1.1M	$526K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.38	−0.197%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.60	−0.010%	$51.8M	$71.4M	125x	as long as short
Perpl SOL	+0.0223%	43m	117.60	−0.012%	$127K	$3.8M	8.3x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.60	−0.014%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0390%	1h	117.44	−0.149%	$25K	$51K	20x	as long as short