Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0102%/8h= −11.2% APRpaid last 24h −0.017%

Price spread now: Vest against Kalshi−0.025%7-day average −0.018% · you buy dearer than you sell

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

Long on Kalshi Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.019%−$2 on $10k

Price spread, last 7 days−0.030%−$3 · spread now −0.025%, 7d avg −0.018%

Together, before fees−0.049%+ Points / potential airdropVest: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.018%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXSOLPERP	117.20	0.0101	pay 0.0101% / 8h	2h 21m	$1.3M	$16.4M	3.1x
Short	Vest SOL-PERP	117.17	−0.0001	pay 0.0000% / 1h	21m 07s	—	$285K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.025%Rate

Funding earned: −$21.49
Price spread: −0.025% → −0.018%: −$0.77
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: −$34.26
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Kalshi: live order book, 1 min ago; Vest: 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, 1 min ago	0.73 bp	8.8 bp −$9	11.7 bp −$117	18.6 bp −$1,864	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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 54 exchanges

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
Bluefin SOL-PERP	−0.0836%	1h	117.13	−0.060%	$27K	$35K	25x	as long as short
Hibachi SOL/USDT-P	−0.0168%	1h	117.28	+0.065%	$100K	$652K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.17	−0.024%	$1K	$8K	25x	as long as short
Bybit SOLUSDT	−0.0047%	8h	117.12	−0.071%	$734.2M	$1.27B	100x	as long as short
Vest SOL-PERPshort	−0.0001%	1h	117.17	−0.025%	—	$285K	20x
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.13	−0.062%	$39K	—	150x	as long as short
Perpl SOL	0.0000%	43m	117.21	+0.007%	$100K	$2.9M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	117.17	−0.029%	$26.3M	$18.7M	50x	as long as short
Bitget SOLUSDT	+0.0027%	8h	117.11	−0.077%	$482.8M	$411.4M	100x	as long as short
Injective SOL/USDC PERP	+0.0033%	1h	116.85	−0.301%	$4K	$122	12x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SOL-PERP-INTX	+0.0040%	1h	117.14	−0.050%	$8.4M	$375.7M	50x	as long as short
Aster SOLUSDT	+0.0045%	8h	117.11	−0.077%	$177.7M	$158.9M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0056%	8h	117.11	−0.079%	$1.0M	$5.3M	100x	as long as short
SoDEX SOL-USD	+0.0060%	1h	117.11	−0.079%	$6.2M	$11.1M	20x	as long as short
Gate SOL_USDT	+0.0062%	8h	117.12	−0.071%	$850.8M	$599.3M	100x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	117.22	+0.015%	$101K	$181K	20x	as long as short
ApeX Omni SOLUSDT	+0.0087%	1h	117.24	+0.028%	$1.1M	$6.7M	50x	as long as short
MEXC SOL_USDT	+0.0093%	8h	117.12	−0.071%	$429.2M	$993.1M	300x	as long as short
Binance SOLUSDT	+0.0094%	8h	117.12	−0.071%	$967.2M	$3.51B	100x	as long as short
Lighter SOL	+0.0096%	1h	117.14	−0.057%	$13.2M	$55.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.10	−0.084%	$2.2M	$13.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.08	−0.107%	$356K	$250K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	117.17	−0.025%	$1.0M	$557K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.16	−0.037%	$45K	$867K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.17	−0.029%	$5.6M	$39.6M	40x	as long as short
Pacifica SOL	+0.0100%	1h	117.24	+0.029%	$16.0M	$119.9M	20x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.12	−0.071%	$360.8M	$1.59B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.18	−0.020%	$222K	$781K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.21	+0.008%	$899K	$7.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.25	+0.043%	$127.0M	$16.9M	20x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.13	−0.064%	$134.1M	$229.6M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	117.11	−0.078%	—	$10.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.13	−0.062%	$23.2M	$35.4M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.11	−0.079%	$25.1M	$100.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.12	−0.068%	$94.0M	$383.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.14	−0.051%	$47.9M	$25.4M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.27	+0.057%	$1.3M	$10.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.16	−0.037%	$323K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.14	−0.055%	$285K	$1.6M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.11	−0.083%	$190K	$1.5M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	117.21	+0.008%	$226.8M	$41.8M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.13	−0.062%	$45.5M	$101.3M	50x	as long as short
Kalshi KXSOLPERPlong	+0.0101%	8h	117.20	long leg	$1.3M	$16.4M	3.1x
Extended SOL-USD	+0.0104%	1h	117.07	−0.117%	$8.5M	$33.6M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.23	+0.020%	—	$214.2M	500x	as long as short
dYdX SOL-USD	+0.0124%	1h	117.26	+0.046%	$9.3M	$18.5M	20x	as long as short
Phoenix SOL	+0.0129%	1h	117.26	+0.049%	$6.6M	$12.8M	25x	as long as short
Hyperliquid SOL	+0.0153%	1h	117.25	+0.042%	$718.9M	$374.8M	20x	as long as short
Kraken Futures PF_SOLUSD	+0.0185%	1h	117.13	−0.060%	$32.5M	$94.1M	100x	as long as short
Reya SOLRUSDPERP	+0.0199%	1h	117.25	+0.042%	$1.1M	$94K	25x	as long as short
BloFin SOL-USDT	+0.0214%	8h	117.11	−0.079%	$51.6M	$57.9M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0170%	1h	117.13	−0.064%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0273%	1h	117.22	+0.018%	$2.2M	$4.5M	20x	as long as short
Aftermath Perps SOLUSD	+0.0407%	1h	117.17	−0.032%	$25K	$54K	20x	as long as short