Funding you earn now, next payment 23:00 UTC−0.0171%/8h= −18.7% APRpaid last 24h −0.060%
Price spread now: Kalshi against GMX+0.048%7-day average −0.049% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.191%−$19 on $10k
+Price spread, last 3 days (all we have)−0.029%−$3 · spread now +0.048%, 7d avg −0.049%
=The price spread pays, funding is against you. Kalshi is 0.097% dearer against GMX than usual: you sell high and buy low (spread +0.048% now, against its 7-day average of −0.049%): +$10 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 45 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX SOL/USD [SOL-USDC] | 119.45 | L +0.0171% / S −0.0089% | pay 0.0021% / 1h | 44m 28s | $3.6M | — | 200x |
| Short | Kalshi KXSOLPERP | 119.51 | 0 | get 0.0000% / 8h | 5h 44m | $1.2M | $20.6M | 3.1x |
GMX SOL/USD [SOL-USDC]
Kalshi KXSOLPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against GMX. 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
- −$35.92
- Price spread: +0.048% → −0.049%
- $9.71
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$48.2
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Kalshi: live order book, 4 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 GMX no order-book sample | — | — | — | — | — |
| Sell Kalshi live order book, 4 min ago | 0.96 bp | 7.4 bp −$7 | 11.5 bp −$115 | 19.3 bp −$1,929 | doesn't fit |
GMX: 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 | −0.0643% | 1h | 119.44 | −0.006% | $37K | $17K | 25x | as long as short |
| Derive SOL-PERP | −0.0086% | 1h | 119.36 | −0.079% | $2.0M | $3.0M | 13x | as long as short |
| Hotstuff SOL-PERP | −0.0080% | 1h | 119.44 | −0.004% | $847 | $8K | 25x | as long as short |
| Vest SOL-PERP | −0.0065% | 1h | 119.38 | −0.058% | — | $722K | 20x | as long as short |
| dYdX SOL-USD | −0.0002% | 1h | 119.44 | −0.007% | $4.9M | $27.2M | 20x | as long as short |
| gTrade (Gains Network) SOL/USD | L 0.0000% / S +0.0004% | 1h | 119.45 | −0.001% | $54K | — | 150x | as long as short |
| Kalshi KXSOLPERPshort | 0.0000% | 8h | 119.51 | +0.048% | $1.2M | $20.6M | 3.1x | |
| Perpl SOL | 0.0000% | 43m | 119.47 | +0.019% | $179K | $4.0M | 8.3x | as long as short |
| Hibachi SOL/USDT-P | +0.0008% | 1h | 119.50 | +0.043% | $120K | $610K | 20x | as long as short |
| Phoenix SOL | +0.0054% | 1h | 119.20 | −0.209% | $6.6M | $13.6M | 25x | as long as short |
Bluefin SOL-PERP
Derive SOL-PERP
Hotstuff SOL-PERP
Vest SOL-PERP
dYdX SOL-USD
gTrade (Gains Network) SOL/USD
Perpl SOL
Hibachi SOL/USDT-P
Phoenix SOLShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps SOLUSD | +0.0061% | 1h | 119.35 | −0.081% | $24K | $47K | 20x | as long as short |
| Orderly PERP_SOL_USDC | +0.0066% | 8h | 119.46 | +0.006% | $1.1M | $5.9M | 100x | as long as short |
| HTX SOL-USDT | +0.0071% | 8h | 119.41 | −0.037% | $232.6M | $44.5M | 75x | as long as short |
| BingX SOL-USDT | +0.0080% | 8h | 119.47 | +0.012% | — | $374.4M | — | as long as short |
| 01 Exchange SOLUSD | +0.0088% | 1h | 119.49 | +0.033% | $104K | $154K | 20x | as long as short |
| Gate SOL_USDT | +0.0095% | 8h | 119.40 | −0.042% | $870.2M | $678.1M | 100x | as long as short |
| Lighter SOL | +0.0096% | 1h | 119.43 | −0.020% | $13.6M | $55.2M | 25x | as long as short |
| Lighter RH SOL | +0.0096% | 1h | 119.41 | −0.035% | $2.1M | $16.7M | 25x | as long as short |
| Aevo SOL-PERP | +0.0096% | 1h | 119.42 | −0.021% | $354K | $748K | 20x | as long as short |
| Paradex SOL-USD-PERP | +0.0099% | 8h | 119.36 | −0.076% | $1.0M | $523K | 50x | as long as short |
| Katana Perps SOL-USD | +0.0100% | 8h | 119.42 | −0.025% | $46K | $789K | 20x | as long as short |
| Nado SOL-PERP | +0.0100% | 1h | 119.47 | +0.012% | $6.3M | $41.6M | 40x | as long as short |
| Hyperliquid SOL | +0.0100% | 1h | 119.53 | +0.067% | $721.2M | $414.6M | 20x | as long as short |
| Aster SOLUSDT | +0.0100% | 8h | 119.45 | 0.000% | $178.8M | $175.9M | 100x | as long as short |
| Pacifica SOL | +0.0100% | 1h | 119.47 | +0.014% | $12.4M | $116.7M | 20x | as long as short |
| Binance SOLUSDT | +0.0100% | 8h | 119.45 | −0.004% | $984.4M | $3.79B | 100x | as long as short |
| Bybit SOLUSDT | +0.0100% | 8h | 119.47 | +0.017% | $825.9M | $1.27B | 100x | as long as short |
| OKX SOL-USDT-SWAP | +0.0100% | 8h | 119.42 | −0.025% | $372.3M | $1.71B | 100x | as long as short |
| Ondo Perps SOL-USD.P | +0.0100% | 1h | 119.28 | −0.142% | $234K | $883K | 10x | as long as short |
| Arcus SOL-USD | +0.0100% | 1h | 119.52 | +0.056% | $2.0M | $8.9M | 20x | as long as short |
| Bulk SOL-USD | +0.0100% | 1h | 119.15 | −0.250% | $133.6M | $9.3M | 20x | as long as short |
| MEXC SOL_USDT | +0.0100% | 8h | 119.45 | 0.000% | $437.1M | $1.10B | 300x | as long as short |
| KuCoin SOLUSDTM | +0.0100% | 8h | 119.43 | −0.018% | $140.9M | $199.8M | 75x | as long as short |
| Bitget SOLUSDT | +0.0100% | 8h | 119.41 | −0.034% | $496.3M | $453.8M | 100x | as long as short |
| Backpack SOL_USDC_PERP | +0.0100% | 1h | 119.45 | 0.000% | $24.1M | $38.7M | 50x | as long as short |
| Variational Omni SOL | +0.0100% | 8h | 119.38 | −0.056% | $27.7M | $127.8M | — | as long as short |
| edgeX SOLUSDC | +0.0100% | 4h | 119.35 | −0.083% | $95.9M | $398.4M | 75x | as long as short |
| GRVT SOL_USDT_Perp | +0.0100% | 8h | 119.33 | −0.100% | $48.8M | $32.0M | 20x | as long as short |
| ApeX Omni SOLUSDT | +0.0100% | 1h | 119.42 | −0.025% | $1.5M | $6.2M | 50x | as long as short |
| StandX SOL-USD | +0.0100% | 1h | 119.52 | +0.058% | $1.4M | $13.3M | 30x | as long as short |
| Polymarket Perps SOL-USD | +0.0100% | 1h | 119.42 | −0.025% | $365K | $2.4M | 20x | as long as short |
| Bullet SOL-USD | +0.0100% | 1h | 119.43 | −0.013% | $201K | $1.7M | 20x | as long as short |
| SunX SOL-USDT | +0.0100% | 8h | 119.49 | +0.032% | $194K | $1.9M | 30x | as long as short |
| SoDEX SOL-USD | +0.0100% | 1h | 119.43 | −0.017% | $6.3M | $10.8M | 20x | as long as short |
| Phemex SOLUSDT | +0.0100% | 8h | 119.45 | 0.000% | $46.7M | $102.0M | 50x | as long as short |
| Extended SOL-USD | +0.0104% | 1h | 119.43 | −0.013% | $8.7M | $36.4M | 50x | as long as short |
| Coinbase International SOL-PERP-INTX | +0.0112% | 1h | 119.49 | +0.032% | $8.2M | $415.5M | 50x | as long as short |
| Jupiter Perps SOL-PERP | L +0.0120% / S +0.0048% | 1h | 119.46 | +0.004% | — | $221.8M | 500x | as long as short |
| Kraken Futures PF_SOLUSD | +0.0149% | 1h | 119.45 | −0.003% | $32.7M | $94.9M | 100x | as long as short |
| Deribit SOL_USDC-PERPETUAL | +0.0165% | 1h | 119.50 | +0.042% | $26.8M | $27.7M | 50x | as long as short |
| GMX SOL/USD [SOL-USDC]long | L +0.0171% / S −0.0089% | 1h | 119.45 | long leg | $3.6M | — | 200x | |
| Reya SOLRUSDPERP | +0.0181% | 1h | 119.41 | −0.037% | $1.1M | $558K | 25x | as long as short |
| RISEx SOL/USDC | +0.0192% | 1h | 119.50 | +0.042% | $1.6M | $5.9M | 20x | as long as short |
| Injective SOL/USDC PERP | +0.0213% | 1h | 119.13 | −0.268% | $4K | $2K | 12x | as long as short |
| BloFin SOL-USDT | +0.0220% | 8h | 119.44 | −0.009% | $52.1M | $84.7M | 125x | as long as short |
Aftermath Perps SOLUSD
Orderly PERP_SOL_USDC
HTX SOL-USDT
BingX SOL-USDT
01 Exchange SOLUSD
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
Coinbase International SOL-PERP-INTX
Jupiter Perps SOL-PERP
Kraken Futures PF_SOLUSD
Deribit SOL_USDC-PERPETUAL
Reya SOLRUSDPERP
RISEx SOL/USDC
Injective SOL/USDC PERP
BloFin SOL-USDT