Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: Lighter against Kalshi+0.153%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$3as in the Price arb table

costs, in and out, $10k−$200.204% of the position

Long on Kalshi Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 7 days−0.194%−$19 · spread now +0.153%, 7d avg −0.019%

Together, before fees−0.185%+ Points / potential airdropLighter: Season 3 · farm board−$19 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 Lighter is 0.172% dearer against Kalshi than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXSOLPERP	119.30	0	get 0.0000% / 8h	6h 26m	$1.2M	$20.6M	3.1x
Short	Lighter SOL	119.48	0.0096	get 0.0012% / 1h	26m 34s	$13.6M	$54.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.153%Rate

Funding earned: $20.16
Price spread: +0.153% → −0.019%: $17.23
Slippage, 4 orders: −$10.38
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $17.01
Costs to cover: 0.204%
Break-even: 1.1 days

Slippage from Kalshi: live order book, 2 min ago; Lighter: live order book, 7 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, 2 min ago	1.09 bp	8.8 bp −$9	11.0 bp −$110	16.7 bp −$1,666	doesn't fit
Sell Lighter live order book, 7 min ago	0.63 bp	0.9 bp −$1	1.8 bp −$18	6.7 bp −$670	20.0 bp −$9,984

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	−0.127%	$4K	$2K	12x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.27	−0.026%	$846	$8K	25x	as long as short
Vest SOL-PERP	−0.0077%	1h	119.34	+0.032%	—	$724K	20x	as long as short
Derive SOL-PERP	−0.0054%	1h	119.28	−0.022%	$2.0M	$3.2M	13x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.33	+0.022%	$54K	—	150x	as long as short
Kalshi KXSOLPERPlong	0.0000%	8h	119.30	long leg	$1.2M	$20.6M	3.1x
Perpl SOL	0.0000%	43m	119.38	+0.065%	$182K	$4.0M	8.3x	as long as short
dYdX SOL-USD	0.0000%	1h	119.49	+0.154%	$4.9M	$26.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0011%	1h	119.17	−0.115%	$24K	$47K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0040%	1h	119.43	+0.105%	$26.8M	$27.6M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi SOL/USDT-P	+0.0056%	1h	119.19	−0.090%	$122K	$600K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0060%	8h	119.37	+0.060%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0061%	8h	119.22	−0.067%	$232.3M	$43.7M	75x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	119.46	+0.132%	$105K	$152K	20x	as long as short
ApeX Omni SOLUSDT	+0.0074%	1h	119.04	−0.220%	$1.5M	$6.2M	50x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.35	+0.044%	—	$371.1M	—	as long as short
Gate SOL_USDT	+0.0086%	8h	119.39	+0.074%	$871.7M	$682.5M	100x	as long as short
Lighter SOLshort	+0.0096%	1h	119.48	+0.153%	$13.6M	$54.2M	25x
Lighter RH SOL	+0.0096%	1h	119.40	+0.082%	$2.1M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.35	+0.039%	$355K	$741K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.34	+0.033%	$1.0M	$524K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.41	+0.091%	$45K	$783K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.36	+0.049%	$6.4M	$41.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.51	+0.172%	$720.9M	$415.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.44	+0.112%	$180.1M	$174.8M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.49	+0.157%	$12.4M	$114.7M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.42	+0.099%	$976.2M	$3.75B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.45	+0.124%	$827.0M	$1.26B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.40	+0.082%	$372.0M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.38	+0.065%	$234K	$874K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.42	+0.102%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.47	+0.141%	$473.5M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.41	+0.089%	$143.1M	$196.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.41	+0.094%	$499.3M	$449.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.40	+0.082%	$24.5M	$38.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.07	−0.195%	$27.5M	$127.2M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.01	−0.242%	$95.6M	$398.5M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.06	−0.199%	$48.7M	$33.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.14	−0.136%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.42	+0.099%	$370K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.47	+0.138%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	119.35	+0.042%	$38K	$16K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.25	−0.041%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.36	+0.049%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.33	+0.023%	$46.7M	$100.2M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.98	−0.269%	$133.4M	$11.1M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	119.35	+0.039%	$8.7M	$37.0M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.41	+0.093%	$8.1M	$415.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.31	+0.003%	—	$217.3M	500x	as long as short
Phoenix SOL	+0.0154%	1h	119.04	−0.220%	$6.6M	$12.5M	25x	as long as short
RISEx SOL/USDC	+0.0175%	1h	119.40	+0.084%	$1.6M	$6.1M	20x	as long as short
Reya SOLRUSDPERP	+0.0179%	1h	119.41	+0.089%	$1.1M	$557K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.33	+0.023%	$51.7M	$86.1M	125x	as long as short
Kraken Futures PF_SOLUSD	+0.0223%	1h	119.39	+0.071%	$36.1M	$89.5M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0237% / S −0.0174%	1h	119.33	+0.023%	$3.5M	—	200x	as long as short