Settings8H · net · $10k
Funding arb · Price arb /

SOL

all SOL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.028%
Price spread now: HTX against Kalshi+0.019%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$280.279% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.019%+$2 on $10k
Price spread, last 4 days (all we have)−0.185%−$19 · spread now +0.019%, 7d avg −0.005%
Together, before fees−0.166%−$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and HTX is 0.024% dearer against Kalshi than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.005%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKalshi KXSOLPERP116.990get 0.0000% / 8h7h 44m$1.4M$19.1M3.1x
ShortHTX SOL-USDT117.010.0100get 0.0100% / 8h3h 44m$226.8M$47.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Kalshi. 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

Funding earned
$21
Price spread: +0.019% → −0.005%
$2.43
Slippage, 4 orders
−$5.91
Fee Kalshi: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$4.49
Costs to cover
0.279%
Break-even
8.5 days
Slippage from Kalshi: live order book, 5 min ago; HTX: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kalshi live order book, 5 min ago1.45 bp8.1 bp −$812.5 bp −$12518.5 bp −$1,854doesn't fit
Sell HTX live order book, 5 min ago0.00 bp6.0 bp −$69.3 bp −$9324.0 bp −$2,40248.3 bp −$24.2K

SOL on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SOLUSD−0.0192%1h117.03+0.033%$31.2M$100.8M100xas long as short
Hibachi SOL/USDT-P−0.0160%1h116.99+0.004%$103K$699K20xas long as short
Vest SOL-PERP−0.0089%1h116.96−0.022%$601K20xas long as short
Hotstuff SOL-PERP−0.0080%1h117.00+0.009%$1K$8K25xas long as short
gTrade (Gains Network) SOL/USDL −0.0001% / S +0.0004%1h117.03+0.035%$54K150xas long as short
Kalshi KXSOLPERPlong0.0000%8h116.99long leg$1.4M$19.1M3.1x
dYdX SOL-USD+0.0003%1h117.01+0.018%$4.4M$24.2M20xas long as short
Derive SOL-PERP+0.0044%1h116.95−0.030%$1.9M$2.8M13xas long as short
Coinbase International SOL-PERP-INTX+0.0048%1h117.04+0.046%$7.5M$405.6M50xas long as short
Bybit SOLUSDT+0.0073%8h116.98−0.008%$769.0M$1.37B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange SOLUSD+0.0088%1h117.04+0.044%$99K$175K20xas long as short
Orderly PERP_SOL_USDC+0.0094%8h117.02+0.027%$1.0M$5.9M100xas long as short
Lighter SOL+0.0096%1h117.03+0.032%$13.1M$59.9M25xas long as short
Lighter RH SOL+0.0096%1h117.02+0.023%$2.2M$16.7M25xas long as short
Aevo SOL-PERP+0.0096%1h117.02+0.025%$348K$244K20xas long as short
Katana Perps SOL-USD+0.0099%8h116.94−0.042%$50K$882K20xas long as short
Paradex SOL-USD-PERP+0.0100%8h117.05+0.056%$1.0M$551K50xas long as short
Nado SOL-PERP+0.0100%1h116.94−0.040%$5.4M$40.1M40xas long as short
Hyperliquid SOL+0.0100%1h117.13+0.121%$707.1M$394.1M20xas long as short
Aster SOLUSDT+0.0100%8h117.02+0.023%$175.1M$183.3M100xas long as short
Pacifica SOL+0.0100%1h116.99+0.002%$15.8M$130.1M20xas long as short
Binance SOLUSDT+0.0100%8h117.03+0.035%$977.6M$3.81B100xas long as short
OKX SOL-USDT-SWAP+0.0100%8h117.05+0.052%$368.3M$1.70B100xas long as short
Ondo Perps SOL-USD.P+0.0100%1h116.94−0.042%$230K$850K10xas long as short
Arcus SOL-USD+0.0100%1h117.04+0.041%$923K$8.8M20xas long as short
Gate SOL_USDT+0.0100%8h117.01+0.018%$853.2M$659.0M100xas long as short
MEXC SOL_USDT+0.0100%8h117.01+0.018%$367.9M$1.07B300xas long as short
KuCoin SOLUSDTM+0.0100%8h117.00+0.009%$129.4M$222.6M75xas long as short
Bitget SOLUSDT+0.0100%8h117.00+0.013%$482.3M$443.8M100xas long as short
BingX SOL-USDC+0.0100%8h116.98−0.005%$10.6Mas long as short
Backpack SOL_USDC_PERP+0.0100%1h117.01+0.018%$23.2M$39.2M50xas long as short
Variational Omni SOL+0.0100%8h116.90−0.072%$24.5M$113.6Mas long as short
edgeX SOLUSDC+0.0100%4h116.86−0.114%$93.8M$400.3M75xas long as short
GRVT SOL_USDT_Perp+0.0100%8h116.76−0.196%$47.7M$30.6M20xas long as short
ApeX Omni SOLUSDT+0.0100%1h116.93−0.054%$1.2M$6.7M50xas long as short
StandX SOL-USD+0.0100%1h116.99+0.001%$1.3M$12.8M30xas long as short
Polymarket Perps SOL-USD+0.0100%1h117.00+0.009%$323K$2.6M20xas long as short
Bullet SOL-USD+0.0100%1h117.00+0.013%$148K$1.6M20xas long as short
Bluefin SOL-PERP+0.0100%1h116.990.000%$25K$31K25xas long as short
SunX SOL-USDT+0.0100%8h116.93−0.049%$190K$1.8M30xas long as short
SoDEX SOL-USD+0.0100%1h117.03+0.035%$6.1M$10.8M20xas long as short
HTX SOL-USDTshort+0.0100%8h117.01+0.019%$226.8M$47.9M75x
Phemex SOLUSDT+0.0100%8h117.03+0.035%$45.9M$103.0M50xas long as short
Bulk SOL-USD+0.0100%1h116.90−0.076%$134.0M$22.8M20xas long as short
Extended SOL-USD+0.0104%1h116.97−0.020%$8.3M$37.5M50xas long as short
Injective SOL/USDC PERP+0.0107%1h116.99+0.001%$4K$2K12xas long as short
Jupiter Perps SOL-PERPL +0.0120% / S +0.0048%1h117.01+0.021%$231.3M500xas long as short
Phoenix SOL+0.0151%1h116.88−0.093%$6.5M$13.8M25xas long as short
Deribit SOL_USDC-PERPETUAL+0.0183%1h117.08+0.078%$26.4M$23.3M50xas long as short
Reya SOLRUSDPERP+0.0191%1h116.97−0.013%$1.1M$541K25xas long as short
BloFin SOL-USDT+0.0220%8h117.01+0.018%$52.0M$67.7M125xas long as short
GMX SOL/USD [SOL-USDC]L +0.0235% / S −0.0178%1h117.02+0.028%$3.6M200xas long as short
Perpl SOL+0.0447%43m117.03+0.039%$138K$3.7M8.3xas long as short
Aftermath Perps SOLUSD+0.0525%1h116.98−0.009%$25K$51K20xas long as short
RISEx SOL/USDC+0.0561%1h117.11+0.100%$1.9M$4.8M20xas long as short