Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: KuCoin against Jupiter Perps+0.049%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)−0.018%−$2 on $10k

Price spread, last 3 days (all we have)+0.037%+$4 · spread now +0.049%, 7d avg +0.010%

Together, before fees+0.020%+$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.039% dearer against Jupiter Perps than usual: you sell high and buy low (spread +0.049% now, against its 7-day average of +0.010%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Jupiter Perps SOL-PERP	118.66	L +0.0120% / S +0.0048%	pay 0.0015% / 1h	19m 10s	—	$226.5M	500x
Short	KuCoin SOLUSDTM	118.72	0.0100	get 0.0100% / 8h	19m 10s	$137.6M	$205.7M	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 +0.049%Rate

Funding earned: −$4.2
Price spread: +0.049% → +0.010%: $3.92
Slippage, 4 orders: no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$24.28
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Jupiter Perps: no order-book sample; KuCoin: live order book, 5 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, 5 min ago	0.04 bp	7.1 bp −$7	10.5 bp −$105	16.1 bp −$1,605	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
Derive SOL-PERP	−0.0089%	1h	118.63	−0.027%	$2.0M	$2.8M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	118.64	−0.017%	$841	$8K	25x	as long as short
Vest SOL-PERP	−0.0077%	1h	118.66	−0.001%	—	$723K	20x	as long as short
ApeX Omni SOLUSDT	−0.0032%	1h	118.43	−0.194%	$1.5M	$6.2M	50x	as long as short
dYdX SOL-USD	−0.0013%	1h	118.63	−0.025%	$4.8M	$28.0M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	118.73	+0.057%	$112K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.68	+0.020%	$1.2M	$20.8M	3.1x	as long as short
Perpl SOL	0.0000%	43m	118.72	+0.052%	$175K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0019%	1h	118.74	+0.065%	$26.6M	$25.8M	50x	as long as short
Gate SOL_USDT	+0.0075%	8h	118.67	+0.009%	$865.3M	$683.9M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0075%	8h	118.72	+0.050%	$1.0M	$5.9M	100x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	118.73	+0.059%	$103K	$157K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	118.63	−0.022%	—	$10.5M	—	as long as short
HTX SOL-USDT	+0.0080%	8h	118.67	+0.005%	$231.0M	$45.2M	75x	as long as short
Lighter SOL	+0.0096%	1h	118.67	+0.011%	$13.4M	$56.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.66	−0.003%	$2.1M	$17.1M	25x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	118.69	+0.026%	$120K	$631K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.69	+0.024%	$352K	$748K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0096%	1h	118.71	+0.041%	$8.1M	$416.4M	50x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	118.66	+0.004%	$1.0M	$521K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.69	+0.025%	$45K	$806K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.72	+0.055%	$5.7M	$40.9M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.77	+0.093%	$718.3M	$410.4M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.71	+0.039%	$178.7M	$178.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.69	+0.025%	$12.2M	$121.9M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.68	+0.018%	$977.7M	$3.84B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.70	+0.034%	$823.4M	$1.29B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.66	0.000%	$369.7M	$1.73B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.57	−0.076%	$228K	$872K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.75	+0.076%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.73	+0.057%	$133.6M	$4.6M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.69	+0.025%	$425.5M	$1.13B	300x	as long as short
KuCoin SOLUSDTMshort	+0.0100%	8h	118.72	+0.049%	$137.6M	$205.7M	75x
Bitget SOLUSDT	+0.0100%	8h	118.65	−0.007%	$492.1M	$461.0M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.69	+0.025%	$24.1M	$38.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.63	−0.026%	$27.1M	$129.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.40	−0.217%	$95.1M	$402.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.54	−0.101%	$48.6M	$31.2M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.66	0.000%	$1.3M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.72	+0.051%	$362K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.70	+0.036%	$201K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.70	+0.038%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.63	−0.029%	$192K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.69	+0.025%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.70	+0.034%	$46.4M	$102.9M	50x	as long as short
Phoenix SOL	+0.0100%	1h	118.70	+0.034%	$6.6M	$13.7M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	118.66	−0.002%	$8.6M	$36.1M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0105%	1h	118.70	+0.030%	$32.4M	$97.3M	100x	as long as short
Aftermath Perps SOLUSD	+0.0111%	1h	118.71	+0.041%	$24K	$47K	20x	as long as short
Jupiter Perps SOL-PERPlong	L +0.0120% / S +0.0048%	1h	118.66	long leg	—	$226.5M	500x
GMX SOL/USD [SOL-USDC]	L +0.0167% / S −0.0067%	1h	118.72	+0.049%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0170%	1h	118.91	+0.211%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0184%	1h	118.72	+0.050%	$1.1M	$538K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.69	+0.025%	$52.2M	$80.6M	125x	as long as short
RISEx SOL/USDC	+0.0226%	1h	118.72	+0.049%	$1.8M	$5.3M	20x	as long as short