Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0239%/8hnext payment −$0.30 per $10,000 · paid last 24h −0.036%

Price spread now: dYdX against Jupiter Perps−0.083%7-day average +0.011% · you buy dearer than you sell

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

Long on Jupiter Perps Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.022%−$2 on $10k

Price spread, last 3 days (all we have)+0.114%+$11 · spread now −0.083%, 7d avg +0.011%

Together, before fees+0.093%+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and dYdX is 0.095% cheaper against Jupiter Perps than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.011%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.022% in total (about -2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.30 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Jupiter Perps SOL-PERP	118.04	L +0.0112% / S +0.0048%	pay 0.0014% / 1h	6m 29s	—	$206.8M	500x
Short	dYdX SOL-USD	117.94	−0.0127	pay 0.0016% / 1h	6m 29s	$4.7M	$25.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.083%Rate

Funding earned: −$50.18
Price spread: −0.083% → +0.011%: −$9.49
Slippage, 4 orders: no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$81.68
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Jupiter Perps: no order-book sample; dYdX: live order book, 2 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 dYdX live order book, 2 min ago	9.31 bp	14.3 bp −$14	17.6 bp −$176	32.3 bp −$3,231	55.3 bp −$27.7K

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
Injective SOL/USDC PERP	−0.0627%	1h	118.30	+0.222%	$4K	$41K	12x	as long as short
dYdX SOL-USDshort	−0.0127%	1h	117.94	−0.083%	$4.7M	$25.3M	20x
Vest SOL-PERP	−0.0106%	1h	117.86	−0.149%	—	$731K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.95	−0.078%	$836	$8K	25x	as long as short
Derive SOL-PERP	−0.0041%	1h	117.93	−0.094%	$1.9M	$3.0M	13x	as long as short
Aftermath Perps SOLUSD	−0.0009%	1h	118.06	+0.015%	$24K	$45K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	118.04	+0.003%	$56K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	118.07	+0.029%	$1.3M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.91	−0.109%	$166K	$4.0M	8.3x	as long as short
HTX SOL-USDT	+0.0037%	8h	117.93	−0.096%	$230.0M	$41.9M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SOL-USDT	+0.0052%	8h	117.88	−0.136%	—	$363.5M	—	as long as short
Orderly PERP_SOL_USDC	+0.0052%	8h	118.02	−0.017%	$1.1M	$5.6M	100x	as long as short
KuCoin SOLUSDTM	+0.0053%	8h	117.87	−0.141%	$140.8M	$172.6M	75x	as long as short
Kraken Futures PF_SOLUSD	+0.0061%	1h	118.00	−0.035%	$34.1M	$84.4M	100x	as long as short
ApeX Omni SOLUSDT	+0.0064%	1h	118.04	+0.001%	$1.5M	$6.3M	50x	as long as short
Bitget SOLUSDT	+0.0065%	8h	117.88	−0.131%	$494.4M	$436.8M	100x	as long as short
Gate SOL_USDT	+0.0077%	8h	117.90	−0.117%	$856.0M	$666.8M	100x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	117.95	−0.075%	$114K	$133K	20x	as long as short
OKX SOL-USDT-SWAP	+0.0086%	8h	117.88	−0.134%	$366.3M	$1.66B	100x	as long as short
Lighter SOL	+0.0096%	1h	117.90	−0.121%	$13.3M	$50.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.90	−0.118%	$2.0M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.95	−0.077%	$350K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0097%	8h	117.87	−0.146%	$1.0M	$437K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.98	−0.050%	$42K	$735K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.87	−0.140%	$5.5M	$39.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.00	−0.033%	$710.3M	$424.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.92	−0.100%	$178.0M	$169.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.94	−0.081%	$13.3M	$106.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.90	−0.117%	$965.3M	$3.64B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.90	−0.117%	$814.0M	$1.23B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.88	−0.134%	$233K	$854K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.93	−0.091%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.05	+0.010%	$131.0M	$16.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.87	−0.143%	$481.8M	$1.06B	300x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.97	−0.058%	$24.1M	$37.3M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.99	−0.037%	$28.0M	$118.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.05	+0.011%	$94.8M	$384.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.04	+0.003%	$48.3M	$32.6M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.00	−0.033%	$1.4M	$13.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.91	−0.109%	$358K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.89	−0.130%	$199K	$1.8M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.98	−0.048%	$37K	$14K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.98	−0.048%	$191K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.95	−0.075%	$6.2M	$10.9M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.00	−0.033%	$45.9M	$96.0M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.86	−0.148%	$8.6M	$37.1M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0104%	1h	118.00	−0.029%	$7.8M	$398.2M	50x	as long as short
Jupiter Perps SOL-PERPlong	L +0.0112% / S +0.0048%	1h	118.04	long leg	—	$206.8M	500x
Deribit SOL_USDC-PERPETUAL	+0.0123%	1h	118.04	+0.005%	$26.5M	$27.2M	50x	as long as short
Hibachi SOL/USDT-P	+0.0144%	1h	118.04	+0.004%	$121K	$562K	20x	as long as short
Phoenix SOL	+0.0149%	1h	118.13	+0.078%	$7.3M	$11.4M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0172% / S −0.0075%	1h	118.04	−0.001%	$3.7M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	117.88	−0.135%	$1.1M	$534K	25x	as long as short
RISEx SOL/USDC	+0.0185%	1h	117.96	−0.067%	$1.6M	$6.5M	20x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.95	−0.075%	$51.7M	$90.2M	125x	as long as short