Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0148%/8h= −16.2% APRpaid last 24h −0.037%

Price spread now: Jupiter Perps against OKX+0.056%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 OKX Short on Jupiter Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.158%−$16 on $10k

Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.056%, 7d avg +0.010%

Together, before fees−0.227%−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Jupiter Perps is 0.046% dearer against OKX than usual: you sell high and buy low (spread +0.056% now, against its 7-day average of +0.010%): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SOL-USDT-SWAP	117.65	0.0100	pay 0.0100% / 8h	7h 03m	$366.6M	$1.66B	100x
Short	Jupiter Perps SOL-PERP	117.72	L +0.0120% / S +0.0048%	pay 0.0006% / 1h	3m 00s	—	$215.0M	500x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Jupiter Perps against OKX. 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 OKXbpFee Jupiter PerpsbpOrdersPrice spread, now +0.056%Rate

Funding earned: −$31.08
Price spread: +0.056% → +0.010%: $4.62
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Jupiter Perps: 6 bp × 2 orders: −$12
Net: −$48.46
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: OKX: 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 OKX live order book, 1 min ago	0.43 bp	5.4 bp −$5	5.4 bp −$54	9.0 bp −$897	20.9 bp −$10.4K
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 54 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	117.71	+0.052%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0056%	1h	117.77	+0.099%	$32.6M	$99.4M	100x	as long as short
Bybit SOLUSDT	−0.0045%	8h	117.67	+0.013%	$738.8M	$1.32B	100x	as long as short
Phemex SOLUSDT	−0.0037%	8h	117.72	+0.059%	$45.7M	$101.7M	50x	as long as short
Vest SOL-PERP	−0.0007%	1h	117.71	+0.049%	—	$405K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.72	+0.060%	$40K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.77	+0.101%	$1.3M	$17.9M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.72	+0.062%	$100K	$2.9M	8.3x	as long as short
Bitget SOLUSDT	+0.0026%	8h	117.68	+0.024%	$484.3M	$427.3M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0040%	1h	117.75	+0.085%	$8.2M	$387.8M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SOLUSDT	+0.0053%	8h	117.68	+0.024%	$178.9M	$165.0M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0064%	8h	117.69	+0.037%	$1.0M	$5.5M	100x	as long as short
dYdX SOL-USD	+0.0071%	1h	117.71	+0.051%	$8.2M	$21.2M	20x	as long as short
SoDEX SOL-USD	+0.0087%	1h	117.72	+0.059%	$6.2M	$11.1M	20x	as long as short
Lighter SOL	+0.0096%	1h	117.74	+0.076%	$13.2M	$57.2M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.71	+0.051%	$2.2M	$15.0M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	117.76	+0.093%	$102K	$182K	20x	as long as short
Hibachi SOL/USDT-P	+0.0096%	1h	117.80	+0.127%	$103K	$647K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.72	+0.057%	$359K	$236K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	117.71	+0.050%	$1.0M	$555K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.73	+0.068%	$46K	$848K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.71	+0.053%	$5.5M	$40.4M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.85	+0.170%	$716.7M	$386.2M	20x	as long as short
Pacifica SOL	+0.0100%	1h	117.76	+0.097%	$15.9M	$122.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.68	+0.024%	$974.2M	$3.63B	100x	as long as short
OKX SOL-USDT-SWAPlong	+0.0100%	8h	117.65	long leg	$366.6M	$1.66B	100x
Ondo Perps SOL-USD.P	+0.0100%	1h	117.69	+0.034%	$221K	$813K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.76	+0.094%	$940K	$8.2M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.73	+0.068%	$858.4M	$634.0M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.68	+0.025%	$425.1M	$1.09B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.71	+0.052%	$134.1M	$231.9M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	117.65	+0.002%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.72	+0.059%	$23.3M	$36.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.85	+0.166%	$25.2M	$101.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.80	+0.124%	$94.6M	$409.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.73	+0.067%	$48.2M	$26.5M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.75	+0.085%	$1.1M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.76	+0.093%	$1.3M	$10.8M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.69	+0.034%	$323K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.72	+0.059%	$285K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.72	+0.056%	$27K	$34K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.71	+0.049%	$191K	$1.6M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	117.70	+0.041%	$227.8M	$47.0M	75x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.65	−0.003%	$127.3M	$25.1M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	117.63	−0.016%	$8.4M	$34.5M	50x	as long as short
Jupiter Perps SOL-PERPshort	L +0.0120% / S +0.0048%	1h	117.72	+0.056%	—	$215.0M	500x
Phoenix SOL	+0.0124%	1h	117.89	+0.204%	$6.5M	$13.4M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0147%	1h	117.78	+0.113%	$26.5M	$20.1M	50x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	−1.113%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0198%	1h	117.68	+0.024%	$1.1M	$541K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.69	+0.034%	$52.0M	$59.9M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0170%	1h	117.73	+0.071%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0411%	1h	117.67	+0.018%	$25K	$53K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	117.78	+0.113%	$2.2M	$4.8M	20x	as long as short