Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: edgeX against Kalshi+0.011%7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$330.326% of the position

Long on Kalshi Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$4 on $10k

Price spread, last 7 days−0.092%−$9 · spread now +0.011%, 7d avg −0.043%

Together, before fees−0.047%+ Points / potential airdropedgeX: Active · farm board−$5 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 edgeX is 0.054% dearer against Kalshi than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXSOLPERP	116.89	0	get 0.0000% / 8h	5h 58m	$1.5M	$19.4M	3.1x
Short	edgeX SOLUSDC	116.90	0.0100	get 0.0050% / 4h	1h 58m	$93.9M	$411.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.011%Rate

Funding earned: $21
Price spread: +0.011% → −0.043%: $5.41
Slippage, 4 orders: −$13.55
Fee Kalshi: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$6.14
Costs to cover: 0.326%
Break-even: 9.0 days

Slippage from Kalshi: live order book, 5 min ago; edgeX: 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, 5 min ago	2.22 bp	10.2 bp −$10	12.6 bp −$126	18.9 bp −$1,885	doesn't fit
Sell edgeX live order book, 1 min ago	2.14 bp	6.6 bp −$7	6.6 bp −$66	6.7 bp −$672	9.8 bp −$4,915

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
Bybit SOLUSDT	−0.0105%	8h	116.96	+0.062%	$740.7M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.87	−0.015%	$1K	$8K	25x	as long as short
Hibachi SOL/USDT-P	−0.0080%	1h	116.94	+0.047%	$101K	$689K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.88	−0.006%	$33.0M	$104.2M	100x	as long as short
Vest SOL-PERP	−0.0030%	1h	116.82	−0.055%	—	$625K	20x	as long as short
Derive SOL-PERP	−0.0010%	1h	116.77	−0.097%	$1.9M	$2.9M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.85	−0.029%	$42K	—	150x	as long as short
Lighter RH SOL	0.0000%	1h	116.92	+0.027%	$2.2M	$16.7M	25x	as long as short
dYdX SOL-USD	0.0000%	1h	116.96	+0.062%	$4.3M	$23.8M	20x	as long as short
Kalshi KXSOLPERPlong	0.0000%	8h	116.89	long leg	$1.5M	$19.4M	3.1x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl SOL	0.0000%	43m	116.83	−0.044%	$110K	$3.6M	8.3x	as long as short
Nado SOL-PERP	+0.0004%	1h	116.78	−0.092%	$5.5M	$41.0M	40x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.88	−0.003%	$8.0M	$407.1M	50x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	116.86	−0.023%	$100K	$178K	20x	as long as short
Bitget SOLUSDT	+0.0057%	8h	116.99	+0.086%	$482.3M	$461.5M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0093%	8h	116.84	−0.042%	$1.0M	$6.0M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.94	+0.043%	$13.1M	$60.2M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.86	−0.022%	$351K	$247K	20x	as long as short
Aster SOLUSDT	+0.0099%	8h	116.93	+0.037%	$176.3M	$176.6M	100x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	116.96	+0.065%	$1.0M	$551K	50x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.95	+0.054%	$64K	$910K	20x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.04	+0.131%	$701.6M	$408.6M	20x	as long as short
Pacifica SOL	+0.0100%	1h	117.00	+0.099%	$15.8M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.96	+0.062%	$971.6M	$3.90B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.99	+0.088%	$371.8M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.78	−0.092%	$219K	$887K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.00	+0.101%	$908K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.05	+0.138%	$126.2M	$23.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.94	+0.045%	$849.0M	$661.0M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.96	+0.062%	$368.0M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.96	+0.060%	$129.0M	$231.9M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.98	+0.080%	—	$371.9M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.87	−0.015%	$23.1M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.86	−0.020%	$24.7M	$113.0M	—	as long as short
edgeX SOLUSDCshort	+0.0100%	4h	116.90	+0.011%	$93.9M	$411.4M	75x
GRVT SOL_USDT_Perp	+0.0100%	8h	116.91	+0.022%	$47.8M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.95	+0.054%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.96	+0.062%	$1.3M	$12.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.82	−0.057%	$314K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.87	−0.018%	$236K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.83	−0.047%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.84	−0.043%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.84	−0.040%	$6.1M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.85	−0.028%	$226.3M	$50.6M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.85	−0.032%	$45.4M	$105.5M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.95	+0.051%	$8.1M	$39.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.87	−0.012%	—	$238.7M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0156%	1h	116.91	+0.018%	$26.5M	$22.1M	50x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	117.09	+0.174%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	117.01	+0.105%	$6.5M	$13.4M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.79	−0.081%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.82	−0.057%	$52.1M	$68.5M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.86	−0.025%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	117.08	+0.164%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0491%	1h	116.95	+0.053%	$25K	$56K	20x	as long as short