SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0313%/8h= −34.3% APRnext payment −$0.39 per $10,000 · paid last 24h −0.012%

Price spread now: Kraken Futures against Jupiter Perps−0.079%7-day average −0.002% · you buy dearer than you sell

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

Long on Jupiter Perps Short on Kraken Futures

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)+0.022%+$2 · spread now −0.079%, 7d avg −0.002%

Together, before fees+0.003%$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Kraken Futures is 0.077% 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 −0.002%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.019% in total (about -2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.39 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	116.68	L +0.0120% / S +0.0048%	pay 0.0015% / 1h	27m 07s	—	$231.6M	500x
Short	Kraken Futures PF_SOLUSD	116.59	−0.0193	pay 0.0024% / 1h	27m 07s	$31.0M	$101.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.079%Rate

Funding earned: −$65.76
Price spread: −0.079% → −0.002%: −$7.74
Slippage, 4 orders: no order book: not counted
Fee Jupiter Perps: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$95.49
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Jupiter Perps: no order-book sample; Kraken Futures: 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 Kraken Futures live order book, 2 min ago	1.28 bp	9.8 bp −$10	12.3 bp −$123	15.1 bp −$1,507	24.4 bp −$12.2K

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
Kraken Futures PF_SOLUSDshort	−0.0193%	1h	116.59	−0.079%	$31.0M	$101.1M	100x
Hibachi SOL/USDT-P	−0.0176%	1h	116.72	+0.034%	$103K	$701K	20x	as long as short
Vest SOL-PERP	−0.0093%	1h	116.59	−0.079%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.66	−0.020%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.62	−0.054%	$42K	—	150x	as long as short
Bybit SOLUSDT	+0.0001%	8h	116.44	−0.205%	$756.9M	$1.38B	100x	as long as short
dYdX SOL-USD	+0.0010%	1h	116.69	+0.007%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0032%	1h	116.54	−0.124%	$1.9M	$2.9M	13x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.61	−0.062%	$7.6M	$404.9M	50x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	116.63	−0.043%	$99K	$174K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SOL-USD	+0.0090%	1h	116.59	−0.075%	$147K	$1.6M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0093%	8h	116.61	−0.061%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.59	−0.076%	$13.1M	$60.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.58	−0.087%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.59	−0.074%	$349K	$246K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.58	−0.086%	$61K	$895K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.62	−0.053%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.64	−0.036%	$5.4M	$40.2M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.65	−0.026%	$704.2M	$394.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.56	−0.103%	$174.6M	$183.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.67	−0.010%	$15.8M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.53	−0.127%	$972.7M	$3.82B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.55	−0.111%	$366.2M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.57	−0.094%	$229K	$840K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.65	−0.027%	$921K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.75	+0.060%	$133.5M	$19.9M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.56	−0.103%	$851.8M	$663.4M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.58	−0.086%	$366.9M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.56	−0.102%	$129.0M	$223.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.53	−0.129%	$481.0M	$444.7M	100x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.51	−0.146%	—	$365.2M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.54	−0.120%	$23.0M	$40.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.79	+0.098%	$24.6M	$113.4M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.73	+0.047%	$93.7M	$399.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.68	0.000%	$47.7M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.87	+0.163%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.68	0.000%	$1.3M	$12.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.60	−0.068%	$320K	$2.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.61	−0.060%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.60	−0.068%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.59	−0.077%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.55	−0.114%	$225.9M	$48.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.64	−0.034%	$45.7M	$103.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.54	−0.121%	$8.3M	$37.7M	50x	as long as short
Kalshi KXSOLPERP	+0.0106%	8h	116.62	−0.050%	$1.4M	$19.0M	3.1x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.70	+0.017%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERPlong	L +0.0120% / S +0.0048%	1h	116.68	long leg	—	$231.6M	500x
Phoenix SOL	+0.0151%	1h	116.77	+0.077%	$6.5M	$13.8M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0163%	1h	116.66	−0.021%	$26.3M	$23.3M	50x	as long as short
Reya SOLRUSDPERP	+0.0191%	1h	116.58	−0.082%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.59	−0.077%	$51.9M	$67.2M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.61	−0.061%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.69	+0.008%	$138K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0547%	1h	116.78	+0.086%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.69	+0.012%	$1.9M	$4.8M	20x	as long as short