Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.031%

Price spread now: Kalshi against 01 Exchange+0.134%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$320.322% of the position

Long on 01 Exchange Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.115%−$12 on $10k

Price spread, last 4 days (all we have)+0.401%+$40 · spread now +0.134%, 7d avg −0.003%

Together, before fees+0.286%+$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.137% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.134% now, against its 7-day average of −0.003%): +$14 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange SOLUSD	119.48	0.0096	pay 0.0012% / 1h	37m 21s	$104K	$153K	20x
Short	Kalshi KXSOLPERP	119.64	0	get 0.0000% / 8h	5h 37m	$1.2M	$20.6M	3.1x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against 01 Exchange. 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 01 ExchangebpFee KalshibpOrdersPrice spread, now +0.134%Rate

Funding earned: −$20.16
Price spread: +0.134% → −0.003%: $13.74
Slippage, 4 orders: −$15.23
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$38.65
Costs to cover: 0.322%
Break-even: never at this rate

Slippage from 01 Exchange: live order book, 47 min ago; Kalshi: live order book, 2 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 01 Exchange live order book, 47 min ago	0.83 bp	8.4 bp −$8	15.0 bp −$150	doesn't fit	doesn't fit
Sell Kalshi live order book, 2 min ago	1.09 bp	7.6 bp −$8	13.1 bp −$131	20.4 bp −$2,041	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
Bluefin SOL-PERP	−0.0301%	1h	119.44	−0.038%	$37K	$17K	25x	as long as short
Derive SOL-PERP	−0.0095%	1h	119.33	−0.123%	$2.0M	$3.0M	13x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.53	+0.039%	$847	$8K	25x	as long as short
Vest SOL-PERP	−0.0062%	1h	119.43	−0.040%	—	$722K	20x	as long as short
dYdX SOL-USD	−0.0002%	1h	119.53	+0.045%	$4.9M	$27.2M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	119.44	−0.033%	$54K	—	150x	as long as short
Kalshi KXSOLPERPshort	0.0000%	8h	119.64	+0.134%	$1.2M	$20.6M	3.1x
Perpl SOL	0.0000%	43m	119.47	−0.008%	$182K	$4.0M	8.3x	as long as short
Hibachi SOL/USDT-P	+0.0016%	1h	119.72	+0.198%	$120K	$611K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0020%	1h	119.48	−0.001%	$26.7M	$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
Phoenix SOL	+0.0054%	1h	119.84	+0.301%	$6.6M	$13.6M	25x	as long as short
Aftermath Perps SOLUSD	+0.0066%	1h	119.56	+0.066%	$24K	$47K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0067%	8h	119.44	−0.030%	$1.1M	$5.9M	100x	as long as short
HTX SOL-USDT	+0.0078%	8h	119.41	−0.056%	$232.6M	$44.7M	75x	as long as short
BingX SOL-USDT	+0.0080%	8h	119.44	−0.033%	—	$374.1M	—	as long as short
Gate SOL_USDT	+0.0083%	8h	119.47	−0.008%	$873.2M	$680.6M	100x	as long as short
Lighter SOL	+0.0096%	1h	119.49	+0.008%	$13.6M	$55.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.47	−0.006%	$2.1M	$16.7M	25x	as long as short
01 Exchange SOLUSDlong	+0.0096%	1h	119.48	long leg	$104K	$153K	20x
Aevo SOL-PERP	+0.0096%	1h	119.41	−0.056%	$354K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	119.45	−0.026%	$1.0M	$523K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.47	−0.008%	$45K	$790K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.47	−0.004%	$6.2M	$41.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.52	+0.033%	$720.1M	$415.0M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.44	−0.034%	$178.8M	$175.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.53	+0.038%	$12.4M	$117.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.43	−0.043%	$987.9M	$3.79B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.45	−0.026%	$825.8M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.40	−0.067%	$372.0M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.74	+0.218%	$234K	$889K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.55	+0.055%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.43	−0.042%	$453.8M	$1.11B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.48	+0.001%	$141.2M	$200.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.42	−0.054%	$496.1M	$454.6M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.60	+0.100%	$24.2M	$38.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.76	+0.235%	$27.8M	$127.8M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.62	+0.115%	$96.1M	$399.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.61	+0.113%	$49.0M	$31.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.56	+0.067%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.71	+0.193%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.42	−0.050%	$366K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.44	−0.033%	$201K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	119.41	−0.057%	$194K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	119.42	−0.050%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.42	−0.050%	$46.7M	$101.9M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.75	+0.225%	$134.3M	$8.4M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	119.39	−0.072%	$8.7M	$36.2M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.44	−0.030%	$8.3M	$415.0M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.55	+0.061%	—	$222.2M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.43	−0.041%	$32.6M	$95.5M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0171% / S −0.0086%	1h	119.46	−0.016%	$3.7M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0181%	1h	119.41	−0.063%	$1.1M	$557K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.52	+0.036%	$1.7M	$6.0M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.13	−0.293%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.62	+0.117%	$52.1M	$82.9M	125x	as long as short