Funding you earn now, next payment 23:00 UTC+0.0107%/8h= +11.7% APRpaid last 24h +0.007%
Price spread now: Kalshi against Derive+0.054%7-day average +0.026% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.005%$0 on $10k
+Price spread, last 3 days (all we have)+0.077%+$8 · spread now +0.054%, 7d avg +0.026%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kalshi is 0.029% dearer against Derive than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.026%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive SOL-PERP | 118.91 | −0.0107 | get 0.0013% / 1h | 8m 28s | $2.0M | $3.0M | 13x |
| Short | Kalshi KXSOLPERP | 118.97 | 0 | get 0.0000% / 8h | 5h 08m | $1.2M | $20.7M | 3.1x |
Derive SOL-PERP
Kalshi KXSOLPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Derive. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $22.42
- Price spread: +0.054% → +0.026%
- $2.86
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- $9.28
- Costs to cover
- 0.160%
- Break-even
- 4.1 days
Slippage unknown: Derive: no order-book sample; Kalshi: live order book, 5 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 Derive no order-book sample | — | — | — | — | — |
| Sell Kalshi live order book, 5 min ago | 1.13 bp | 8.2 bp −$8 | 11.6 bp −$116 | 16.3 bp −$1,627 | doesn't fit |
Derive: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin SOL-PERP | −0.0252% | 1h | 118.97 | +0.050% | $37K | $17K | 25x | as long as short |
| Derive SOL-PERPlong | −0.0107% | 1h | 118.91 | long leg | $2.0M | $3.0M | 13x | |
| Hotstuff SOL-PERP | −0.0080% | 1h | 118.98 | +0.059% | $844 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0064% | 1h | 118.83 | −0.062% | — | $723K | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L −0.0006% / S +0.0004% | 1h | 118.87 | −0.034% | $112K | — | 150x | as long as short |
| dYdX SOL-USD | −0.0001% | 1h | 118.96 | +0.047% | $4.9M | $27.2M | 20x | as long as short |
| Kalshi KXSOLPERPshort | 0.0000% | 8h | 118.97 | +0.054% | $1.2M | $20.7M | 3.1x | |
| Perpl SOL | 0.0000% | 43m | 118.93 | +0.019% | $176K | $4.0M | 8.3x | as long as short |
| Phoenix SOL | +0.0054% | 1h | 118.90 | −0.006% | $6.5M | $13.6M | 25x | as long as short |
| Orderly PERP_SOL_USDC | +0.0069% | 8h | 119.00 | +0.075% | $1.1M | $5.9M | 100x | as long as short |
Bluefin SOL-PERP
Hotstuff SOL-PERP
Vest SOL-PERP
gTrade (Gains Network) SOL/USD
dYdX SOL-USD
Perpl SOL
Phoenix SOL
Orderly PERP_SOL_USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SOLUSD | +0.0072% | 1h | 118.91 | +0.002% | $104K | $156K | 20x | as long as short |
| Hibachi SOL/USDT-P | +0.0072% | 1h | 119.03 | +0.105% | $119K | $614K | 20x | as long as short |
| Aftermath Perps SOLUSD | +0.0074% | 1h | 119.02 | +0.098% | $24K | $47K | 20x | as long as short |
| BingX SOL-USDC | +0.0080% | 8h | 118.96 | +0.045% | — | $10.5M | — | as long as short |
| HTX SOL-USDT | +0.0081% | 8h | 118.93 | +0.017% | $231.5M | $45.1M | 75x | as long as short |
| Gate SOL_USDT | +0.0089% | 8h | 118.98 | +0.061% | $869.5M | $688.5M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 118.99 | +0.071% | $13.6M | $56.1M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 118.97 | +0.052% | $2.2M | $17.0M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 118.97 | +0.056% | $352K | $748K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0099% | 8h | 118.96 | +0.046% | $1.0M | $523K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 118.89 | −0.015% | $46K | $798K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 118.86 | −0.040% | $6.0M | $41.7M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 118.93 | +0.019% | $716.4M | $408.0M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 118.98 | +0.064% | $178.2M | $176.7M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 119.02 | +0.095% | $12.3M | $119.0M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 118.91 | +0.005% | $979.9M | $3.81B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 118.90 | −0.005% | $826.4M | $1.28B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 118.84 | −0.057% | $371.8M | $1.71B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 118.80 | −0.090% | $233K | $884K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 118.96 | +0.048% | $1.9M | $9.0M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 118.85 | −0.048% | $133.1M | $7.6M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 118.85 | −0.048% | $453.2M | $1.13B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 118.85 | −0.047% | $139.4M | $202.1M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 118.84 | −0.059% | $494.7M | $456.7M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 119.00 | +0.078% | $24.1M | $37.8M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 118.87 | −0.032% | $27.5M | $128.4M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 118.86 | −0.040% | $95.5M | $400.3M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 118.97 | +0.052% | $48.7M | $31.7M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 118.93 | +0.020% | $1.5M | $6.2M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 118.99 | +0.069% | $1.4M | $13.4M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 118.85 | −0.048% | $364K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 118.86 | −0.042% | $201K | $1.7M | 20x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 118.96 | +0.042% | $193K | $1.9M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 118.99 | +0.069% | $6.2M | $10.8M | 20x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 118.99 | +0.069% | $46.5M | $102.4M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 118.91 | −0.002% | $8.7M | $36.2M | 50x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0105% | 1h | 119.05 | +0.118% | $26.6M | $27.7M | 50x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0112% | 1h | 119.02 | +0.093% | $8.2M | $416.0M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 118.97 | +0.057% | — | $224.9M | 500x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0150% | 1h | 119.00 | +0.082% | $32.6M | $97.0M | 100x | as long as short |
| GMX SOL/USD [SOL-USDC] | L +0.0170% / S −0.0072% | 1h | 118.99 | +0.071% | $3.7M | — | 200x | as long as short |
| Reya SOLRUSDPERP | +0.0182% | 1h | 118.84 | −0.056% | $1.1M | $551K | 25x | as long as short |
| RISEx SOL/USDC | +0.0192% | 1h | 118.94 | +0.029% | $1.7M | $5.8M | 20x | as long as short |
| Injective SOL/USDC PERP | +0.0213% | 1h | 119.38 | +0.397% | $4K | $2K | 12x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 118.98 | +0.061% | $52.1M | $84.1M | 125x | as long as short |
01 Exchange SOLUSD
Hibachi SOL/USDT-P
Aftermath Perps SOLUSD
BingX SOL-USDC
HTX SOL-USDT
Gate SOL_USDT
Lighter SOL
Lighter RH SOL
Aevo SOL-PERP
Paradex SOL-USD-PERP
Katana Perps SOL-USD
Nado SOL-PERP
Hyperliquid SOL
Aster SOLUSDT
Pacifica SOL
Binance SOLUSDT
Bybit SOLUSDT
OKX SOL-USDT-SWAP
Ondo Perps SOL-USD.P
Arcus SOL-USD
Bulk SOL-USD
MEXC SOL_USDT
KuCoin SOLUSDTM
Bitget SOLUSDT
Backpack SOL_USDC_PERP
Variational Omni SOL
edgeX SOLUSDC
GRVT SOL_USDT_Perp
ApeX Omni SOLUSDT
StandX SOL-USD
Polymarket Perps SOL-USD
Bullet SOL-USD
SunX SOL-USDT
SoDEX SOL-USD
Phemex SOLUSDT
Extended SOL-USD
Deribit SOL_USDC-PERPETUAL
Coinbase International SOL-PERP-INTX
Jupiter Perps SOL-PERP
Kraken Futures PF_SOLUSD
GMX SOL/USD [SOL-USDC]
Reya SOLRUSDPERP
RISEx SOL/USDC
Injective SOL/USDC PERP
BloFin SOL-USDT