Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0079%/8h= −8.7% APRpaid last 24h −0.003%

Price spread now: Kalshi against ApeX Omni−0.094%7-day average +0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$310.313% of the position

Long on ApeX Omni Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.282%+$28 on $10k

Price spread, last 7 days+0.133%+$13 · spread now −0.094%, 7d avg +0.027%

Together, before fees+0.415%+$42 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Kalshi is 0.121% cheaper against ApeX Omni than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.027%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.282%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SOLUSDT	119.02	0.0079	pay 0.0010% / 1h	2m 49s	$1.5M	$6.1M	50x
Short	Kalshi KXSOLPERP	118.91	0	get 0.0000% / 8h	3h 02m	$1.2M	$20.0M	3.1x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against ApeX Omni. 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 ApeX OmnibpFee KalshibpOrdersPrice spread, now −0.094%Rate

Funding earned: −$16.67
Price spread: −0.094% → +0.027%: −$12.15
Slippage, 4 orders: −$11.31
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$60.13
Costs to cover: 0.313%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 1 min ago; Kalshi: 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 ApeX Omni live order book, 1 min ago	2.11 bp	7.1 bp −$7	9.6 bp −$96	61.1 bp −$6,106	doesn't fit
Sell Kalshi live order book, 1 min ago	2.23 bp	9.0 bp −$9	12.4 bp −$124	20.4 bp −$2,043	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
Hotstuff SOL-PERP	−0.0080%	1h	118.70	−0.269%	$928	$8K	25x	as long as short
Vest SOL-PERP	−0.0078%	1h	118.68	−0.286%	—	$608K	20x	as long as short
Derive SOL-PERP	−0.0063%	1h	118.43	−0.501%	$2.0M	$2.7M	13x	as long as short
HTX SOL-USDT	−0.0063%	8h	118.36	−0.553%	$230.5M	$43.8M	75x	as long as short
Hibachi SOL/USDT-P	−0.0056%	1h	119.13	+0.095%	$106K	$673K	20x	as long as short
dYdX SOL-USD	−0.0016%	1h	118.70	−0.270%	$4.8M	$25.5M	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	118.44	−0.489%	$32.0M	$97.3M	100x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.52	−0.418%	$54K	—	150x	as long as short
Gate SOL_USDT	0.0000%	8h	118.57	−0.379%	$851.3M	$674.9M	100x	as long as short
Kalshi KXSOLPERPshort	0.0000%	8h	118.91	−0.094%	$1.2M	$20.0M	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	118.66	−0.305%	$124K	$3.9M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	0.0000%	1h	118.52	−0.424%	$26.6M	$24.9M	50x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	118.71	−0.261%	$103K	$161K	20x	as long as short
ApeX Omni SOLUSDTlong	+0.0079%	1h	119.02	long leg	$1.5M	$6.1M	50x
BingX SOL-USDT	+0.0080%	8h	118.56	−0.387%	—	$366.7M	—	as long as short
Orderly PERP_SOL_USDC	+0.0083%	8h	118.51	−0.428%	$1.0M	$5.9M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	118.44	−0.486%	$8.1M	$407.8M	50x	as long as short
Lighter SOL	+0.0096%	1h	118.45	−0.479%	$13.3M	$57.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.41	−0.513%	$2.2M	$16.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.49	−0.445%	$347K	$254K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.70	−0.270%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.75	−0.228%	$44K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.62	−0.340%	$6.1M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	118.61	−0.345%	$726.1M	$395.2M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.55	−0.396%	$179.3M	$177.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.73	−0.245%	$12.2M	$125.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.54	−0.408%	$976.8M	$3.74B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.56	−0.392%	$825.7M	$1.25B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.48	−0.455%	$370.9M	$1.67B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.68	−0.287%	$233K	$827K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.70	−0.271%	$2.0M	$8.9M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.59	−0.362%	$428.8M	$1.14B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.58	−0.366%	$138.2M	$203.9M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.46	−0.475%	$490.9M	$439.1M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.47	−0.463%	$23.9M	$36.6M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.00	−0.015%	$24.9M	$130.0M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.17	+0.128%	$95.7M	$401.2M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.04	+0.014%	$48.7M	$29.5M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	119.09	+0.058%	$1.4M	$13.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.61	−0.345%	$354K	$2.3M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.54	−0.402%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.52	−0.423%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.49	−0.445%	$192K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.48	−0.455%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.44	−0.488%	$46.3M	$99.7M	50x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.24	+0.180%	$137.6M	$12.7M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	118.46	−0.469%	$8.6M	$34.9M	50x	as long as short
Phoenix SOL	+0.0114%	1h	119.25	+0.192%	$6.6M	$13.6M	25x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.95	−0.064%	—	$225.1M	500x	as long as short
RISEx SOL/USDC	+0.0161%	1h	118.70	−0.271%	$1.8M	$4.5M	20x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	119.50	+0.402%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0187%	1h	118.57	−0.382%	$1.1M	$524K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.42	−0.505%	$51.9M	$73.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0167%	1h	118.53	−0.410%	$3.7M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0239%	1h	119.10	+0.068%	$25K	$51K	20x	as long as short