Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.005%

Price spread now: MEXC against Jupiter Perps−0.078%7-day average +0.005% · you buy dearer than you sell

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

Long on Jupiter Perps Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.019%−$2 on $10k

Price spread, last 4 days (all we have)+0.159%+$16 · spread now −0.078%, 7d avg +0.005%

Together, before fees+0.140%+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.083% cheaper against Jupiter Perps than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.005%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Jupiter Perps SOL-PERP	116.60	L +0.0120% / S +0.0056%	pay 0.0015% / 1h	2m 46s	—	$233.7M	500x
Short	MEXC SOL_USDT	116.51	0.0100	get 0.0100% / 8h	1h 02m	$369.5M	$1.08B	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.078%Rate

Funding earned: −$4.2
Price spread: −0.078% → +0.005%: −$8.31
Slippage, 4 orders: no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders: −$12
Fee MEXC: 1 bp × 2 orders: −$2
Net: −$26.51
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Jupiter Perps: no order-book sample; MEXC: live order book, 1 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 MEXC live order book, 1 min ago	0.43 bp	1.4 bp −$1	1.4 bp −$14	2.7 bp −$272	4.4 bp −$2,206

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
Hibachi SOL/USDT-P	−0.0208%	1h	116.60	−0.004%	$97K	$678K	20x	as long as short
Bybit SOLUSDT	−0.0113%	8h	116.48	−0.099%	$737.7M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.56	−0.031%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.61	+0.008%	$32.3M	$106.1M	100x	as long as short
Derive SOL-PERP	−0.0068%	1h	116.51	−0.080%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0047%	1h	116.55	−0.047%	—	$633K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.61	+0.005%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.63	+0.025%	$1.5M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.59	−0.006%	$106K	$3.5M	8.3x	as long as short
dYdX SOL-USD	+0.0016%	1h	116.64	+0.031%	$4.3M	$23.6M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SOLUSDT	+0.0036%	8h	116.50	−0.089%	$480.3M	$459.2M	100x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	116.61	+0.008%	$99K	$177K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.61	+0.009%	$8.0M	$402.4M	50x	as long as short
Lighter RH SOL	+0.0056%	1h	116.57	−0.030%	$2.2M	$17.0M	25x	as long as short
SoDEX SOL-USD	+0.0070%	1h	116.56	−0.035%	$6.1M	$11.0M	20x	as long as short
Aster SOLUSDT	+0.0073%	8h	116.51	−0.078%	$176.5M	$169.4M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0082%	8h	116.56	−0.038%	$1.0M	$5.9M	100x	as long as short
Paradex SOL-USD-PERP	+0.0093%	8h	116.56	−0.037%	$1.0M	$554K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.57	−0.026%	$13.1M	$61.2M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.55	−0.047%	$353K	$254K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.57	−0.026%	$66K	$910K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.57	−0.027%	$5.3M	$41.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.64	+0.034%	$701.1M	$408.5M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.62	+0.017%	$15.7M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.50	−0.085%	$965.5M	$3.87B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.52	−0.069%	$367.1M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.57	−0.026%	$217K	$825K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.59	−0.008%	$899K	$8.7M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	−0.043%	$125.4M	$26.0M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.52	−0.069%	$849.1M	$676.6M	100x	as long as short
MEXC SOL_USDTshort	+0.0100%	8h	116.51	−0.078%	$369.5M	$1.08B	300x
KuCoin SOLUSDTM	+0.0100%	8h	116.52	−0.067%	$132.9M	$233.0M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.51	−0.080%	—	$372.8M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.56	−0.035%	$23.0M	$36.9M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.69	+0.081%	$25.1M	$110.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.63	+0.028%	$93.6M	$408.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.62	+0.020%	$47.7M	$29.6M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.66	+0.049%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.63	+0.025%	$1.3M	$11.8M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.55	−0.043%	$312K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.55	−0.040%	$241K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.58	−0.021%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.57	−0.026%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.57	−0.027%	$225.7M	$50.4M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.57	−0.026%	$45.4M	$104.9M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.47	−0.108%	$8.0M	$38.0M	50x	as long as short
Jupiter Perps SOL-PERPlong	L +0.0120% / S +0.0056%	1h	116.60	long leg	—	$233.7M	500x
Deribit SOL_USDC-PERPETUAL	+0.0133%	1h	116.64	+0.036%	$26.4M	$21.7M	50x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.62	+0.017%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.73	+0.111%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0195%	1h	116.52	−0.068%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.53	−0.061%	$52.1M	$66.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.56	−0.034%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.65	+0.042%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0488%	1h	116.65	+0.044%	$25K	$57K	20x	as long as short