Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.031%

Price spread now: Kalshi against Extended−0.137%7-day average +0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$210.213% of the position

Long on Extended Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 7 days+0.248%+$25 · spread now −0.137%, 7d avg +0.073%

Together, before fees+0.187%+ Points / potential airdropExtended: Active · farm board+$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kalshi is 0.210% cheaper against Extended than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.073%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SOL-USD	116.62	0.0104	pay 0.0013% / 1h	45m 09s	$8.0M	$39.3M	50x
Short	Kalshi KXSOLPERP	116.46	0	get 0.0000% / 8h	5h 45m	$1.5M	$19.4M	3.1x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Extended. 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 ExtendedbpFee KalshibpOrdersPrice spread, now −0.137%Rate

Funding earned: −$21.84
Price spread: −0.137% → +0.073%: −$21.04
Slippage, 4 orders: −$6.29
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$64.17
Costs to cover: 0.213%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; Kalshi: live order book, 4 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 Extended live order book, 4 min ago	0.43 bp	2.9 bp −$3	2.9 bp −$29	7.1 bp −$711	doesn't fit
Sell Kalshi live order book, 4 min ago	1.29 bp	7.3 bp −$7	12.0 bp −$120	19.4 bp −$1,938	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
Hibachi SOL/USDT-P	−0.0112%	1h	116.39	−0.194%	$97K	$687K	20x	as long as short
Bybit SOLUSDT	−0.0111%	8h	116.57	−0.039%	$741.9M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.43	−0.157%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.68	+0.051%	$32.6M	$104.7M	100x	as long as short
Derive SOL-PERP	−0.0053%	1h	116.60	−0.015%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0011%	1h	116.52	−0.080%	—	$628K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.67	+0.046%	$42K	—	150x	as long as short
Kalshi KXSOLPERPshort	0.0000%	8h	116.46	−0.137%	$1.5M	$19.4M	3.1x
Perpl SOL	0.0000%	43m	116.63	+0.010%	$113K	$3.6M	8.3x	as long as short
dYdX SOL-USD	+0.0014%	1h	116.42	−0.168%	$4.3M	$23.8M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SOL	+0.0040%	1h	116.63	+0.010%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	116.41	−0.176%	$100K	$176K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.66	+0.040%	$8.2M	$405.6M	50x	as long as short
Bitget SOLUSDT	+0.0050%	8h	116.62	0.000%	$480.3M	$463.0M	100x	as long as short
SoDEX SOL-USD	+0.0066%	1h	116.64	+0.021%	$6.1M	$10.9M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0090%	8h	116.64	+0.024%	$1.0M	$6.0M	100x	as long as short
Aster SOLUSDT	+0.0090%	8h	116.60	−0.014%	$175.8M	$176.3M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.64	+0.022%	$13.1M	$60.4M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.65	+0.029%	$349K	$249K	20x	as long as short
Paradex SOL-USD-PERP	+0.0097%	8h	116.39	−0.193%	$1.0M	$551K	50x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.37	−0.211%	$64K	$908K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.51	−0.093%	$5.5M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.73	+0.098%	$698.4M	$410.2M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.42	−0.169%	$15.7M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.62	+0.007%	$968.9M	$3.90B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.61	−0.005%	$370.9M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.51	−0.091%	$217K	$886K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.41	−0.180%	$903K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	−0.056%	$125.4M	$23.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.64	+0.021%	$845.4M	$665.6M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.65	+0.029%	$361.0M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.64	+0.017%	$129.1M	$232.3M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.58	−0.027%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.65	+0.029%	$23.1M	$38.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.33	−0.241%	$24.8M	$112.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.46	−0.136%	$93.5M	$411.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.44	−0.151%	$47.7M	$31.1M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.51	−0.091%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.44	−0.151%	$1.3M	$12.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.59	−0.022%	$313K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.66	+0.038%	$234K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.67	+0.050%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.38	−0.206%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.62	+0.001%	$225.8M	$50.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.65	+0.029%	$45.4M	$105.7M	50x	as long as short
Extended SOL-USDlong	+0.0104%	1h	116.62	long leg	$8.0M	$39.3M	50x
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.43	−0.158%	—	$235.7M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0139%	1h	116.72	+0.092%	$26.4M	$21.9M	50x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.50	−0.099%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.66	+0.038%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.57	−0.039%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.65	+0.029%	$52.4M	$68.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.67	+0.047%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.47	−0.126%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0492%	1h	116.61	−0.004%	$25K	$56K	20x	as long as short