Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.002%

Price spread now: ApeX Omni against Kalshi+0.112%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$270.274% of the position

Long on Kalshi Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.291%−$29 on $10k

Price spread, last 7 days−0.189%−$19 · spread now +0.112%, 7d avg −0.026%

Together, before fees−0.479%−$48 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.139% dearer against Kalshi than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.026%. Mind the row above: over the last 7 days funding on this pair cost −0.291%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXSOLPERP	119.26	0	get 0.0000% / 8h	5h 31m	$1.2M	$20.7M	3.1x
Short	ApeX Omni SOLUSDT	119.40	0.0100	get 0.0013% / 1h	31m 13s	$1.5M	$6.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Kalshi. 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 KalshibpFee ApeX OmnibpOrdersPrice spread, now +0.112%Rate

Funding earned: $21
Price spread: +0.112% → −0.026%: $13.86
Slippage, 4 orders: −$7.37
Fee Kalshi: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $7.49
Costs to cover: 0.274%
Break-even: 4.5 days

Slippage from Kalshi: live order book, 3 min ago; ApeX Omni: live order book, 3 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 Kalshi live order book, 3 min ago	1.30 bp	7.7 bp −$8	11.3 bp −$113	17.9 bp −$1,785	doesn't fit
Sell ApeX Omni live order book, 3 min ago	0.84 bp	5.9 bp −$6	8.9 bp −$89	67.3 bp −$6,730	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
Bluefin SOL-PERP	−0.0162%	1h	119.17	−0.077%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0095%	1h	119.09	−0.145%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.28	+0.018%	$846	$8K	25x	as long as short
Vest SOL-PERP	−0.0060%	1h	119.22	−0.033%	—	$722K	20x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.28	+0.018%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.25	−0.009%	$54K	—	150x	as long as short
Kalshi KXSOLPERPlong	0.0000%	8h	119.26	long leg	$1.2M	$20.7M	3.1x
Perpl SOL	0.0000%	43m	119.24	−0.020%	$178K	$4.0M	8.3x	as long as short
Hibachi SOL/USDT-P	+0.0024%	1h	119.29	+0.024%	$120K	$611K	20x	as long as short
Phoenix SOL	+0.0054%	1h	119.36	+0.081%	$6.6M	$13.6M	25x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit SOL_USDC-PERPETUAL	+0.0066%	1h	119.23	−0.028%	$26.7M	$27.6M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0067%	8h	119.19	−0.060%	$1.1M	$5.9M	100x	as long as short
Aftermath Perps SOLUSD	+0.0075%	1h	119.41	+0.126%	$24K	$47K	20x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.24	−0.018%	—	$374.2M	—	as long as short
Gate SOL_USDT	+0.0083%	8h	119.24	−0.019%	$869.9M	$682.4M	100x	as long as short
HTX SOL-USDT	+0.0083%	8h	119.11	−0.126%	$232.0M	$44.8M	75x	as long as short
01 Exchange SOLUSD	+0.0088%	1h	119.29	+0.023%	$104K	$153K	20x	as long as short
Lighter SOL	+0.0096%	1h	119.17	−0.079%	$13.6M	$55.6M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.16	−0.090%	$2.1M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.19	−0.060%	$353K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	119.18	−0.066%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.25	−0.011%	$47K	$794K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.24	−0.019%	$6.2M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.36	+0.081%	$718.7M	$416.0M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.23	−0.028%	$178.5M	$176.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.28	+0.014%	$12.4M	$117.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.17	−0.078%	$985.7M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.18	−0.070%	$823.3M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.14	−0.103%	$371.3M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.26	−0.003%	$233K	$886K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.31	+0.041%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.26	−0.003%	$451.5M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.27	+0.006%	$140.9M	$200.6M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.16	−0.086%	$495.0M	$455.2M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.25	−0.011%	$24.1M	$38.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.41	+0.124%	$27.9M	$128.1M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.40	+0.116%	$95.9M	$399.9M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.40	+0.111%	$48.9M	$31.8M	20x	as long as short
ApeX Omni SOLUSDTshort	+0.0100%	1h	119.40	+0.112%	$1.5M	$6.2M	50x
StandX SOL-USD	+0.0100%	1h	119.27	+0.006%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.26	−0.003%	$365K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.24	−0.015%	$201K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.18	−0.073%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.18	−0.070%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.19	−0.061%	$46.6M	$101.9M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.75	+0.407%	$134.3M	$8.4M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	119.15	−0.098%	$8.7M	$36.2M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.21	−0.048%	$8.2M	$414.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.30	+0.034%	—	$223.1M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0150%	1h	119.17	−0.078%	$32.6M	$95.7M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0085%	1h	119.24	−0.017%	$3.6M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	119.23	−0.026%	$1.1M	$557K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.31	+0.037%	$1.7M	$6.0M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.13	−0.112%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.17	−0.078%	$52.2M	$82.7M	125x	as long as short