Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0100%/8hpaid last 24h −0.063%

Price spread now: Kalshi against Bluefin+0.085%7-day average — · you sell dearer than you buy

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

Long on Bluefin Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.619%+$62 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Kalshi is 0.085% dearer against Bluefin than usual: you sell high and buy low (spread +0.085% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.8 days. Mind the row above: over the last 7 days funding on this pair paid +0.619%, 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	Bluefin SOL-PERP	117.30	0.0100	pay 0.0013% / 1h	52m 51s	$37K	$13K	25x
Short	Kalshi KXSOLPERP	117.40	0	get 0.0000% / 8h	52m 51s	$1.3M	$20.7M	3.1x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Bluefin. 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 BluefinbpFee KalshibpOrdersPrice spread, now +0.085%Rate

Funding earned: −$21
Price spread: +0.085% → 0.000%: $8.52
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$29.48
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bluefin: no order-book sample; Kalshi: live order book, 3 min ago. 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 Bluefin no order-book sample	—	—	—	—	—
Sell Kalshi live order book, 3 min ago	1.66 bp	9.9 bp −$10	12.2 bp −$122	17.8 bp −$1,779	doesn't fit

Bluefin: 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 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	−0.0627%	1h	117.31	+0.005%	$4K	$41K	12x	as long as short
ApeX Omni SOLUSDT	−0.0291%	1h	117.25	−0.048%	$1.5M	$6.3M	50x	as long as short
dYdX SOL-USD	−0.0223%	1h	117.37	+0.059%	$5.2M	$24.4M	20x	as long as short
Vest SOL-PERP	−0.0090%	1h	117.24	−0.057%	—	$728K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.40	+0.080%	$832	$8K	25x	as long as short
Derive SOL-PERP	−0.0052%	1h	117.21	−0.083%	$1.9M	$3.0M	13x	as long as short
HTX SOL-USDT	−0.0004%	8h	117.32	+0.014%	$228.8M	$41.7M	75x	as long as short
Aftermath Perps SOLUSD	−0.0002%	1h	117.52	+0.180%	$24K	$47K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.33	+0.018%	$58K	—	150x	as long as short
Kalshi KXSOLPERPshort	0.0000%	8h	117.40	+0.085%	$1.3M	$20.7M	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	117.38	+0.063%	$172K	$3.9M	8.3x	as long as short
KuCoin SOLUSDTM	+0.0045%	8h	117.34	+0.032%	$139.9M	$173.3M	75x	as long as short
BingX SOL-USDT	+0.0046%	8h	117.41	+0.091%	—	$358.9M	—	as long as short
Orderly PERP_SOL_USDC	+0.0053%	8h	117.30	0.000%	$1.1M	$5.5M	100x	as long as short
Bitget SOLUSDT	+0.0058%	8h	117.42	+0.097%	$493.4M	$435.0M	100x	as long as short
Gate SOL_USDT	+0.0059%	8h	117.32	+0.014%	$857.5M	$649.7M	100x	as long as short
OKX SOL-USDT-SWAP	+0.0059%	8h	117.40	+0.082%	$365.7M	$1.65B	100x	as long as short
Kraken Futures PF_SOLUSD	+0.0061%	1h	117.27	−0.033%	$33.8M	$83.9M	100x	as long as short
01 Exchange SOLUSD	+0.0072%	1h	117.32	+0.014%	$114K	$131K	20x	as long as short
SoDEX SOL-USD	+0.0083%	1h	117.26	−0.038%	$6.1M	$10.9M	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0089%	1h	117.35	+0.035%	$26.4M	$27.2M	50x	as long as short
Bullet SOL-USD	+0.0090%	1h	117.26	−0.039%	$193K	$1.7M	20x	as long as short
Lighter SOL	+0.0096%	1h	117.29	−0.012%	$13.5M	$47.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.24	−0.055%	$2.0M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.25	−0.047%	$347K	$747K	20x	as long as short
Paradex SOL-USD-PERP	+0.0097%	8h	117.23	−0.062%	$1.0M	$437K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.30	−0.003%	$42K	$718K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.33	+0.019%	$5.4M	$39.1M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.53	+0.193%	$705.2M	$424.7M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.36	+0.048%	$176.6M	$169.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.34	+0.030%	$13.2M	$103.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.41	+0.090%	$955.4M	$3.59B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.42	+0.101%	$813.9M	$1.22B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.27	−0.029%	$232K	$870K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.27	−0.032%	$1.7M	$8.3M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.65	+0.295%	$127.6M	$16.2M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.42	+0.099%	$425.2M	$1.03B	300x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.31	+0.005%	$24.0M	$36.4M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.45	+0.122%	$27.7M	$117.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.29	−0.009%	$94.2M	$379.8M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.31	+0.005%	$48.0M	$32.0M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.33	+0.022%	$1.3M	$13.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.32	+0.014%	$380K	$2.2M	20x	as long as short
Bluefin SOL-PERPlong	+0.0100%	1h	117.30	long leg	$37K	$13K	25x
SunX SOL-USDT	+0.0100%	8h	117.32	+0.011%	$191K	$1.9M	30x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.28	−0.020%	$45.5M	$95.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.39	+0.070%	$8.6M	$36.9M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0104%	1h	117.35	+0.036%	$7.6M	$388.5M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0048%	1h	117.42	+0.098%	—	$204.6M	500x	as long as short
Phoenix SOL	+0.0149%	1h	117.53	+0.193%	$7.2M	$11.4M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0175% / S −0.0079%	1h	117.29	−0.008%	$3.7M	—	200x	as long as short
RISEx SOL/USDC	+0.0185%	1h	117.34	+0.034%	$1.6M	$6.9M	20x	as long as short
Reya SOLRUSDPERP	+0.0185%	1h	117.26	−0.040%	$1.1M	$531K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.36	+0.048%	$51.6M	$91.3M	125x	as long as short
Hibachi SOL/USDT-P	+0.0248%	1h	117.32	+0.017%	$113K	$521K	20x	as long as short