Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.012%

Price spread now: Kalshi against ApeX Omni+0.050%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$320.323% of the position

Long on ApeX Omni Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.261%+$26 on $10k

Price spread, last 7 days−0.024%−$2 · spread now +0.050%, 7d avg +0.024%

Together, before fees+0.237%+$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.026% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.050% now, against its 7-day average of +0.024%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 21 hours. Mind the row above: over the last 7 days funding on this pair paid +0.261%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SOLUSDT	116.44	0.0100	pay 0.0013% / 1h	17m 17s	$1.2M	$6.8M	50x
Short	Kalshi KXSOLPERP	116.50	0	get 0.0000% / 8h	6h 17m	$1.5M	$19.4M	3.1x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against ApeX Omni. 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 ApeX OmnibpFee KalshibpOrdersPrice spread, now +0.050%Rate

Funding earned: −$21
Price spread: +0.050% → +0.024%: $2.59
Slippage, 4 orders: −$12.32
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$50.73
Costs to cover: 0.323%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 2 min ago; Kalshi: live order book, 2 min ago.

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 ApeX Omni live order book, 2 min ago	2.58 bp	7.6 bp −$8	9.7 bp −$97	63.9 bp −$6,391	doesn't fit
Sell Kalshi live order book, 2 min ago	1.20 bp	7.5 bp −$8	12.2 bp −$122	20.5 bp −$2,048	doesn't fit

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_SOLUSD	−0.0240%	1h	116.49	+0.037%	$31.9M	$102.9M	100x	as long as short
Hibachi SOL/USDT-P	−0.0128%	1h	116.50	+0.044%	$104K	$693K	20x	as long as short
BingX SOL-USDT	−0.0108%	8h	116.51	+0.057%	—	$369.3M	—	as long as short
Bybit SOLUSDT	−0.0107%	8h	116.49	+0.042%	$740.6M	$1.43B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.57	+0.105%	$1K	$8K	25x	as long as short
Vest SOL-PERP	−0.0052%	1h	116.51	+0.055%	—	$625K	20x	as long as short
Derive SOL-PERP	−0.0011%	1h	116.45	+0.006%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.52	+0.067%	$42K	—	150x	as long as short
Kalshi KXSOLPERPshort	0.0000%	8h	116.50	+0.050%	$1.5M	$19.4M	3.1x
Perpl SOL	0.0000%	43m	116.54	+0.084%	$113K	$3.7M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0009%	1h	116.49	+0.037%	$4.3M	$24.0M	20x	as long as short
01 Exchange SOLUSD	+0.0032%	1h	116.55	+0.091%	$100K	$178K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.49	+0.043%	$7.7M	$405.4M	50x	as long as short
Bitget SOLUSDT	+0.0064%	8h	116.50	+0.052%	$479.9M	$460.3M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0096%	8h	116.53	+0.077%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.48	+0.031%	$13.0M	$61.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.50	+0.046%	$2.2M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.52	+0.063%	$350K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.52	+0.065%	$64K	$912K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.59	+0.127%	$1.0M	$550K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.51	+0.057%	$5.2M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.63	+0.160%	$696.9M	$406.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.53	+0.072%	$175.7M	$176.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.54	+0.084%	$15.7M	$130.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.53	+0.071%	$972.1M	$3.89B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.51	+0.057%	$364.2M	$1.75B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.40	−0.038%	$216K	$878K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.60	+0.131%	$913K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	115.85	−0.509%	$123.9M	$22.0M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.54	+0.082%	$843.0M	$672.7M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.52	+0.065%	$354.7M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.53	+0.075%	$126.6M	$230.4M	75x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.50	+0.048%	$23.0M	$38.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	115.99	−0.386%	$24.8M	$114.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.07	−0.325%	$93.2M	$407.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.40	−0.036%	$47.7M	$30.8M	20x	as long as short
ApeX Omni SOLUSDTlong	+0.0100%	1h	116.44	long leg	$1.2M	$6.8M	50x
StandX SOL-USD	+0.0100%	1h	116.45	+0.005%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.52	+0.065%	$319K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.52	+0.063%	$169K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.54	+0.079%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.49	+0.037%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.48	+0.031%	$6.1M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.34	−0.089%	$225.3M	$50.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.46	+0.014%	$45.3M	$105.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.51	+0.061%	$8.0M	$39.3M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0108%	1h	116.58	+0.116%	$26.3M	$22.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.53	+0.070%	—	$239.4M	500x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	115.66	−0.673%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	116.37	−0.064%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	116.50	+0.045%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.44	−0.003%	$51.7M	$68.2M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.51	+0.058%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0547%	1h	116.63	+0.164%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0559%	1h	116.18	−0.225%	$25K	$55K	20x	as long as short