Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.032%
Price spread now: Hyperliquid against Kalshi+0.108%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$290.287% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 7 days−0.128%−$13 · spread now +0.108%, 7d avg +0.007%
=Together, before fees−0.109%+ Points / potential airdropHyperliquid: Season 2 · farm board−$11 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 Hyperliquid is 0.101% dearer against Kalshi than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.007%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXSOLPERP | 119.47 | 0 | get 0.0000% / 8h | 6h 14m | $1.2M | $20.7M | 3.1x |
| Short | Hyperliquid SOL | 119.60 | 0.0100 | get 0.0013% / 1h | 14m 44s | $722.1M | $414.4M | 20x |
Kalshi KXSOLPERP
Hyperliquid SOLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Kalshi. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $21
- Price spread: +0.108% → +0.007%
- $10.07
- Slippage, 4 orders
- −$9.65
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $2.42
- Costs to cover
- 0.287%
- Break-even
- 6.2 days
Slippage from Kalshi: live order book, 4 min ago; Hyperliquid: live order book, 9 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, 4 min ago | 1.17 bp | 9.0 bp −$9 | 11.7 bp −$117 | 18.7 bp −$1,867 | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 0.42 bp | 4.9 bp −$5 | 5.8 bp −$58 | 8.8 bp −$877 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SOL/USDC PERP | −0.0151% | 1h | 119.15 | −0.269% | $4K | $2K | 12x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 119.42 | −0.044% | $847 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0072% | 1h | 119.37 | −0.081% | — | $724K | 20x | as long as short |
| Derive SOL-PERP | −0.0056% | 1h | 119.36 | −0.096% | $2.0M | $3.2M | 13x | as long as short |
| dYdX SOL-USD | −0.0004% | 1h | 119.51 | +0.033% | $5.0M | $27.1M | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L 0.0000% / S +0.0004% | 1h | 119.47 | +0.003% | $54K | — | 150x | as long as short |
| Kalshi KXSOLPERPlong | 0.0000% | 8h | 119.47 | long leg | $1.2M | $20.7M | 3.1x | |
| Perpl SOL | 0.0000% | 43m | 119.44 | −0.026% | $179K | $4.0M | 8.3x | as long as short |
| Deribit SOL_USDC-PERPETUAL | 0.0000% | 1h | 119.49 | +0.017% | $26.8M | $27.7M | 50x | as long as short |
| Aftermath Perps SOLUSD | +0.0029% | 1h | 119.59 | +0.100% | $24K | $47K | 20x | as long as short |
Injective SOL/USDC PERP
Hotstuff SOL-PERP
Vest SOL-PERP
Derive SOL-PERP
dYdX SOL-USD
gTrade (Gains Network) SOL/USD
Perpl SOL
Deribit SOL_USDC-PERPETUAL
Aftermath Perps SOLUSDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SOL-USDT | +0.0050% | 8h | 119.38 | −0.074% | $232.6M | $44.7M | 75x | as long as short |
| Orderly PERP_SOL_USDC | +0.0062% | 8h | 119.45 | −0.015% | $1.1M | $5.9M | 100x | as long as short |
| Hibachi SOL/USDT-P | +0.0064% | 1h | 119.66 | +0.162% | $120K | $622K | 20x | as long as short |
| 01 Exchange SOLUSD | +0.0072% | 1h | 119.46 | −0.009% | $105K | $152K | 20x | as long as short |
| BingX SOL-USDT | +0.0080% | 8h | 119.50 | +0.027% | — | $374.3M | — | as long as short |
| Gate SOL_USDT | +0.0090% | 8h | 119.50 | +0.024% | $872.3M | $687.9M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 119.50 | +0.024% | $13.6M | $55.1M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 119.49 | +0.014% | $2.1M | $17.0M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 119.42 | −0.046% | $354K | $747K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0099% | 8h | 119.46 | −0.011% | $1.0M | $523K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 119.44 | −0.026% | $49K | $784K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 119.46 | −0.009% | $6.3M | $41.9M | 40x | as long as short |
| Hyperliquid SOLshort | +0.0100% | 1h | 119.60 | +0.108% | $722.1M | $414.4M | 20x | |
| Aster SOLUSDT | +0.0100% | 8h | 119.48 | +0.008% | $179.8M | $175.9M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 119.53 | +0.048% | $12.4M | $115.5M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 119.49 | +0.016% | $978.2M | $3.78B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 119.52 | +0.041% | $826.6M | $1.27B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 119.44 | −0.026% | $372.1M | $1.72B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 119.39 | −0.068% | $235K | $872K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 119.49 | +0.013% | $2.0M | $9.0M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 119.66 | +0.156% | $134.1M | $11.3M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 119.46 | −0.009% | $428.1M | $1.12B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 119.49 | +0.018% | $141.1M | $197.8M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 119.49 | +0.017% | $498.6M | $452.7M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 119.46 | −0.009% | $24.3M | $38.1M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 119.47 | −0.001% | $27.4M | $127.6M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 119.69 | +0.187% | $96.1M | $402.3M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 119.56 | +0.072% | $49.0M | $33.3M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 119.61 | +0.119% | $1.5M | $6.2M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 119.48 | +0.008% | $1.4M | $13.3M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 119.40 | −0.059% | $365K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 119.45 | −0.018% | $202K | $1.7M | 20x | as long as short |
| Bluefin SOL-PERP | +0.0100% | 1h | 119.47 | +0.002% | $38K | $16K | 25x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 119.40 | −0.063% | $194K | $1.9M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 119.42 | −0.043% | $6.2M | $10.8M | 20x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 119.45 | −0.018% | $46.7M | $101.7M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 119.48 | +0.006% | $8.7M | $36.8M | 50x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0112% | 1h | 119.49 | +0.016% | $8.2M | $417.2M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 119.50 | +0.023% | — | $221.2M | 500x | as long as short |
| Phoenix SOL | +0.0154% | 1h | 119.58 | +0.091% | $6.6M | $12.5M | 25x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0171% / S −0.0090% | 1h | 119.47 | −0.003% | $3.6M | — | 200x | as long as short |
| RISEx SOL/USDC | +0.0175% | 1h | 119.46 | −0.013% | $1.6M | $6.1M | 20x | as long as short |
| Reya SOLRUSDPERP | +0.0180% | 1h | 119.38 | −0.076% | $1.1M | $560K | 25x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 119.41 | −0.051% | $52.0M | $86.8M | 125x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0223% | 1h | 119.45 | −0.018% | $35.6M | $91.2M | 100x | as long as short |
HTX SOL-USDT
Orderly PERP_SOL_USDC
Hibachi SOL/USDT-P
01 Exchange SOLUSD
BingX SOL-USDT
Gate SOL_USDT
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Paradex SOL-USD-PERP
Katana Perps SOL-USD
Nado SOL-PERP
Aster SOLUSDT
Pacifica SOL
Binance SOLUSDT
Bybit SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus SOL-USD
Bulk SOL-USD
MEXC SOL_USDT
KuCoin SOLUSDTM
Bitget SOLUSDT
Backpack SOL_USDC_PERP
Variational Omni SOL
edgeX SOLUSDC
GRVT SOL_USDT_Perp
ApeX Omni SOLUSDT
StandX SOL-USD
Polymarket Perps SOL-USD
Bullet SOL-USD
Bluefin SOL-PERP
SunX SOL-USDT
SoDEX SOL-USD
Phemex SOLUSDT
Extended SOL-USD
Coinbase International SOL-PERP-INTX
Jupiter Perps SOL-PERP
Phoenix SOL
GMX SOL/USD [SOL-USDC]
RISEx SOL/USDC
Reya SOLRUSDPERP
BloFin SOL-USDT
Kraken Futures PF_SOLUSD