Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.066%

Price spread now: Bluefin against Kalshi−0.042%7-day average — · you buy dearer than you sell

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

Long on Kalshi Short on Bluefin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.591%−$59 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Bluefin is 0.042% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.042% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 34 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.591%, 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	117.67	0	get 0.0000% / 8h	1h 32m	$1.4M	$19.3M	3.1x
Short	Bluefin SOL-PERP	117.62	0.0100	get 0.0013% / 1h	32m 05s	$25K	$28K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bluefin 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 BluefinbpOrdersPrice spread, now −0.042%Rate

Funding earned: $21
Price spread: −0.042% → 0.000%: −$4.25
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Bluefin: 3.5 bp × 2 orders: −$7
Net: −$0.25
Costs to cover: 0.170%
Break-even: 7.1 days

Slippage unknown: Kalshi: live order book, 2 min ago; Bluefin: 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 Kalshi live order book, 2 min ago	1.57 bp	7.3 bp −$7	10.4 bp −$104	15.9 bp −$1,590	doesn't fit
Sell Bluefin no order-book sample	—	—	—	—	—

Bluefin: 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
Hotstuff SOL-PERP	−0.0080%	1h	117.60	−0.054%	$920	$8K	25x	as long as short
Vest SOL-PERP	−0.0062%	1h	117.57	−0.079%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.62	−0.041%	$31.7M	$98.4M	100x	as long as short
Derive SOL-PERP	−0.0010%	1h	117.55	−0.101%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.65	−0.017%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.64	−0.026%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERPlong	0.0000%	8h	117.67	long leg	$1.4M	$19.3M	3.1x
Deribit SOL_USDC-PERPETUAL	+0.0048%	1h	117.66	−0.004%	$26.4M	$24.9M	50x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	117.68	+0.011%	$100K	$163K	20x	as long as short
Hibachi SOL/USDT-P	+0.0064%	1h	117.62	−0.041%	$104K	$695K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.65	−0.014%	$8.0M	$404.3M	50x	as long as short
BingX SOL-USDT	+0.0070%	8h	117.64	−0.025%	—	$363.0M	—	as long as short
HTX SOL-USDT	+0.0084%	8h	117.39	−0.234%	$228.0M	$45.5M	75x	as long as short
Orderly PERP_SOL_USDC	+0.0089%	8h	117.63	−0.030%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.63	−0.035%	$13.1M	$59.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.61	−0.048%	$2.1M	$16.3M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.61	−0.045%	$345K	$226K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.61	−0.048%	$65K	$839K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.66	−0.007%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.63	−0.031%	$5.8M	$39.0M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.66	−0.006%	$176.5M	$178.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.66	−0.003%	$14.5M	$128.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.70	+0.028%	$968.2M	$3.72B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.72	+0.045%	$825.9M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.64	−0.023%	$366.8M	$1.63B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.51	−0.133%	$237K	$852K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.64	−0.020%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.44	−0.191%	$135.1M	$16.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	117.63	−0.031%	$859.3M	$649.5M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.63	−0.031%	$426.9M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.65	−0.018%	$130.0M	$212.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.65	−0.017%	$487.5M	$432.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.63	−0.031%	$23.7M	$37.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.44	−0.191%	$24.3M	$116.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.39	−0.236%	$94.3M	$399.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.46	−0.173%	$48.1M	$28.5M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	117.45	−0.182%	$1.5M	$5.9M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	117.56	−0.091%	$1.3M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.66	−0.006%	$353K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.64	−0.019%	$199K	$1.6M	20x	as long as short
Bluefin SOL-PERPshort	+0.0100%	1h	117.62	−0.042%	$25K	$28K	25x
SunX SOL-USDT	+0.0100%	8h	117.65	−0.015%	$191K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.62	−0.040%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.64	−0.023%	$45.8M	$100.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.58	−0.072%	$8.2M	$36.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.61	−0.051%	—	$218.9M	500x	as long as short
Phoenix SOL	+0.0129%	1h	117.65	−0.014%	$6.5M	$13.4M	25x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.72	+0.047%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0174%	1h	117.77	+0.088%	$720.1M	$392.8M	20x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	117.63	−0.027%	$1.1M	$526K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.38	−0.244%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.60	−0.057%	$51.8M	$71.4M	125x	as long as short
Perpl SOL	+0.0223%	43m	117.66	−0.008%	$127K	$3.8M	8.3x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.64	−0.022%	$3.6M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0388%	1h	117.49	−0.151%	$25K	$51K	20x	as long as short