SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: Bybit against Kalshi−0.086%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$270.272% of the position

Long on Kalshi Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 7 days+0.035%+$4 · spread now −0.086%, 7d avg −0.021%

Together, before fees−0.012%−$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.065% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.086% now, against its 7-day average of −0.021%). If the spread goes back, that is −$6 on $10k: about 2.2 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXSOLPERP	119.41	0	get 0.0000% / 8h	5h 52m	$1.2M	$20.7M	3.1x
Short	Bybit SOLUSDT	119.31	0.0100	get 0.0100% / 8h	1h 52m	$823.9M	$1.27B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.086%Rate

Funding earned: $21
Price spread: −0.086% → −0.021%: −$6.49
Slippage, 4 orders: −$6.16
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$12.65
Costs to cover: 0.272%
Break-even: 11.2 days

Slippage from Kalshi: live order book, 1 min ago; Bybit: live order book, 1 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, 1 min ago	1.17 bp	7.8 bp −$8	12.3 bp −$123	19.3 bp −$1,929	doesn't fit
Sell Bybit live order book, 1 min ago	0.42 bp	5.9 bp −$6	6.9 bp −$69	10.7 bp −$1,075	20.6 bp −$10.3K

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
Derive SOL-PERP	−0.0094%	1h	119.17	−0.195%	$2.0M	$3.1M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.47	+0.049%	$847	$8K	25x	as long as short
Vest SOL-PERP	−0.0063%	1h	119.29	−0.099%	—	$724K	20x	as long as short
dYdX SOL-USD	−0.0005%	1h	119.29	−0.100%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.29	−0.097%	$54K	—	150x	as long as short
Kalshi KXSOLPERPlong	0.0000%	8h	119.41	long leg	$1.2M	$20.7M	3.1x
Hibachi SOL/USDT-P	0.0000%	1h	119.46	+0.046%	$120K	$625K	20x	as long as short
Perpl SOL	0.0000%	43m	119.32	−0.076%	$179K	$4.0M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0013%	1h	119.31	−0.083%	$26.8M	$27.6M	50x	as long as short
Phoenix SOL	+0.0054%	1h	119.37	−0.032%	$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
Aftermath Perps SOLUSD	+0.0059%	1h	119.31	−0.081%	$24K	$47K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0065%	8h	119.28	−0.109%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0068%	8h	119.37	−0.028%	$232.5M	$44.7M	75x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.21	−0.165%	—	$374.9M	—	as long as short
Gate SOL_USDT	+0.0093%	8h	119.19	−0.183%	$867.7M	$675.6M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.29	−0.100%	$13.6M	$54.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.28	−0.111%	$2.1M	$16.7M	25x	as long as short
01 Exchange SOLUSD	+0.0096%	1h	119.36	−0.040%	$104K	$153K	20x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.24	−0.144%	$353K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.38	−0.027%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.31	−0.082%	$46K	$791K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.29	−0.103%	$6.3M	$42.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.35	−0.049%	$719.9M	$413.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.27	−0.119%	$178.8M	$176.6M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.32	−0.070%	$12.4M	$116.2M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.29	−0.099%	$977.9M	$3.79B	100x	as long as short
Bybit SOLUSDTshort	+0.0100%	8h	119.31	−0.086%	$823.9M	$1.27B	100x
OKX SOL-USDT-SWAP	+0.0100%	8h	119.27	−0.116%	$371.8M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.44	+0.027%	$233K	$877K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.37	−0.033%	$2.0M	$8.9M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.05	−0.297%	$133.5M	$10.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.22	−0.157%	$437.2M	$1.10B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.20	−0.170%	$140.7M	$199.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.27	−0.112%	$495.8M	$455.0M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.23	−0.149%	$24.1M	$38.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.31	−0.078%	$27.4M	$127.7M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.37	−0.030%	$95.9M	$397.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.47	+0.054%	$48.9M	$32.6M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.46	+0.044%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.49	+0.069%	$1.4M	$13.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.30	−0.090%	$366K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.27	−0.119%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.28	−0.111%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.26	−0.127%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.26	−0.124%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.25	−0.132%	$46.6M	$102.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.16	−0.207%	$8.7M	$36.5M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.27	−0.113%	$8.2M	$416.3M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.40	−0.010%	—	$222.5M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.26	−0.128%	$32.8M	$94.8M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0089%	1h	119.29	−0.102%	$3.6M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0180%	1h	119.27	−0.118%	$1.1M	$558K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.36	−0.039%	$1.6M	$6.0M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.41	+0.002%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.23	−0.149%	$51.9M	$87.0M	125x	as long as short