SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.027%

Price spread now: Phemex against Kalshi−0.066%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$310.313% of the position

Long on Kalshi Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 4 days (all we have)−0.178%−$18 · spread now −0.066%, 7d avg +0.011%

Together, before fees−0.198%−$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phemex is 0.077% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.066% now, against its 7-day average of +0.011%). If the spread goes back, that is −$8 on $10k: about 2.6 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXSOLPERP	116.54	0	get 0.0000% / 8h	38m 39s	$1.4M	$18.7M	3.1x
Short	Phemex SOLUSDT	116.46	0.0100	get 0.0100% / 8h	4h 38m	$45.6M	$101.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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

Position, each leg$Hold fordaysFee KalshibpFee PhemexbpOrdersPrice spread, now −0.066%Rate

Funding earned: $21
Price spread: −0.066% → +0.011%: −$7.72
Slippage, 4 orders: −$9.33
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$18.05
Costs to cover: 0.313%
Break-even: 13.0 days

Slippage from Kalshi: live order book, 5 min ago; Phemex: live order book, 6 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 Kalshi live order book, 5 min ago	1.37 bp	7.7 bp −$8	13.3 bp −$133	20.0 bp −$2,004	doesn't fit
Sell Phemex live order book, 6 min ago	0.43 bp	6.9 bp −$7	8.6 bp −$86	14.8 bp −$1,481	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
Vest SOL-PERP	−0.0092%	1h	116.49	−0.039%	—	$602K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.53	−0.009%	$911	$8K	25x	as long as short
Hibachi SOL/USDT-P	−0.0072%	1h	116.66	+0.106%	$103K	$700K	20x	as long as short
Derive SOL-PERP	−0.0016%	1h	116.36	−0.148%	$1.9M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.53	−0.006%	$54K	—	150x	as long as short
Kalshi KXSOLPERPlong	0.0000%	8h	116.54	long leg	$1.4M	$18.7M	3.1x
dYdX SOL-USD	+0.0001%	1h	116.42	−0.100%	$4.4M	$24.2M	20x	as long as short
01 Exchange SOLUSD	+0.0032%	1h	116.55	+0.011%	$99K	$169K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0064%	1h	116.43	−0.094%	$7.5M	$403.9M	50x	as long as short
Kraken Futures PF_SOLUSD	+0.0075%	1h	116.42	−0.101%	$31.0M	$100.3M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0090%	8h	116.45	−0.073%	$1.0M	$5.8M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.45	−0.074%	$13.0M	$59.8M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.44	−0.085%	$2.2M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.45	−0.077%	$346K	$244K	20x	as long as short
Katana Perps SOL-USD	+0.0098%	8h	116.47	−0.057%	$50K	$866K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.54	0.000%	$987K	$534K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.55	+0.011%	$5.4M	$39.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.51	−0.023%	$704.8M	$394.5M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.43	−0.092%	$175.0M	$182.5M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.50	−0.034%	$15.7M	$130.4M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.45	−0.075%	$963.8M	$3.78B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	116.41	−0.109%	$784.3M	$1.34B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.48	−0.049%	$367.5M	$1.67B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.36	−0.152%	$230K	$846K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.50	−0.035%	$2.0M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.65	+0.097%	$133.5M	$20.6M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.42	−0.100%	$843.2M	$657.2M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.46	−0.066%	$416.7M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.42	−0.098%	$126.4M	$217.4M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.48	−0.051%	$478.6M	$441.7M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.44	−0.082%	—	$10.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.37	−0.143%	$23.5M	$37.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.43	−0.089%	$24.4M	$114.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.67	+0.111%	$93.7M	$396.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.62	+0.068%	$47.7M	$29.5M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.56	+0.018%	$1.2M	$6.6M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.53	−0.006%	$1.3M	$13.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.52	−0.015%	$321K	$2.5M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.51	−0.021%	$149K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.43	−0.088%	$25K	$29K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.50	−0.032%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.42	−0.100%	$6.0M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.49	−0.042%	$226.0M	$46.7M	75x	as long as short
Phemex SOLUSDTshort	+0.0100%	8h	116.46	−0.066%	$45.6M	$101.6M	50x
Extended SOL-USD	+0.0104%	1h	116.43	−0.094%	$7.9M	$36.6M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0115%	1h	116.49	−0.043%	$26.2M	$25.3M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.53	−0.010%	—	$228.5M	500x	as long as short
Injective SOL/USDC PERP	+0.0137%	1h	116.56	+0.020%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0137%	1h	116.65	+0.097%	$6.5M	$13.4M	25x	as long as short
Reya SOLRUSDPERP	+0.0190%	1h	116.50	−0.032%	$1.1M	$539K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.43	−0.092%	$51.6M	$72.1M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	116.52	−0.013%	$3.5M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.58	+0.034%	$140K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0524%	1h	116.61	+0.062%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0559%	1h	116.59	+0.045%	$1.9M	$4.9M	20x	as long as short