Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0161%/8h= +17.6% APRpaid last 24h +0.072%

Price spread now: RISEx against Kalshi−0.026%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$230.229% of the position

Long on Kalshi Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.178%+$18 on $10k

Price spread, last 7 days−0.011%−$1 · spread now −0.026%, 7d avg −0.025%

Together, before fees+0.167%+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.025%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXSOLPERP	118.61	0	get 0.0000% / 8h	3h 47m	$1.2M	$20.6M	3.1x
Short	RISEx SOL/USDC	118.58	0.0161	get 0.0020% / 1h	47m 19s	$1.8M	$4.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.026%Rate

Funding earned: $33.82
Price spread: −0.026% → −0.025%: −$0.04
Slippage, 4 orders: −$6.86
Fee Kalshi: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $10.92
Costs to cover: 0.229%
Break-even: 4.7 days

Slippage from Kalshi: live order book, 2 min ago; RISEx: live order book, 2 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, 2 min ago	1.43 bp	7.4 bp −$7	11.6 bp −$116	18.3 bp −$1,827	doesn't fit
Sell RISEx live order book, 2 min ago	0.04 bp	3.8 bp −$4	7.0 bp −$70	doesn't fit	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
Hotstuff SOL-PERP	−0.0080%	1h	118.60	−0.013%	$841	$8K	25x	as long as short
Vest SOL-PERP	−0.0078%	1h	118.54	−0.063%	—	$612K	20x	as long as short
Derive SOL-PERP	−0.0062%	1h	118.56	−0.041%	$2.0M	$2.8M	13x	as long as short
ApeX Omni SOLUSDT	−0.0031%	1h	118.54	−0.061%	$1.5M	$6.1M	50x	as long as short
Kraken Futures PF_SOLUSD	−0.0014%	1h	118.60	−0.008%	$32.4M	$97.4M	100x	as long as short
dYdX SOL-USD	−0.0008%	1h	118.60	−0.010%	$4.8M	$27.7M	20x	as long as short
gTrade (Gains Network) SOL/USD	L 0.0000% / S +0.0004%	1h	118.65	+0.030%	$55K	—	150x	as long as short
Kalshi KXSOLPERPlong	0.0000%	8h	118.61	long leg	$1.2M	$20.6M	3.1x
Perpl SOL	0.0000%	43m	118.60	−0.010%	$158K	$3.9M	8.3x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	118.60	−0.010%	$103K	$158K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi SOL/USDT-P	+0.0072%	1h	118.56	−0.045%	$121K	$634K	20x	as long as short
Orderly PERP_SOL_USDC	+0.0079%	8h	118.66	+0.038%	$1.0M	$5.9M	100x	as long as short
BingX SOL-USDC	+0.0080%	8h	118.59	−0.021%	—	$10.5M	—	as long as short
Coinbase International SOL-PERP-INTX	+0.0088%	1h	118.65	+0.032%	$8.1M	$413.9M	50x	as long as short
Lighter SOL	+0.0096%	1h	118.63	+0.013%	$14.0M	$55.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	118.61	−0.002%	$2.1M	$16.6M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	118.62	+0.005%	$348K	$326K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0096%	1h	118.65	+0.036%	$26.6M	$25.2M	50x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	118.60	−0.013%	$1.0M	$520K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	118.58	−0.027%	$47K	$787K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	118.59	−0.014%	$5.8M	$41.1M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	118.61	−0.002%	$178.2M	$177.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	118.61	0.000%	$12.2M	$123.8M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	118.65	+0.032%	$977.8M	$3.80B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	118.66	+0.040%	$822.5M	$1.27B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	118.64	+0.024%	$370.4M	$1.71B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	118.56	−0.044%	$232K	$871K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	118.62	+0.008%	$1.9M	$9.1M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	118.55	−0.052%	$133.5M	$4.7M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	118.58	−0.027%	$858.5M	$660.7M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	118.59	−0.019%	$426.0M	$1.12B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	118.59	−0.018%	$137.7M	$207.2M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	118.58	−0.026%	$491.9M	$447.8M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	118.52	−0.078%	$24.1M	$37.5M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	118.57	−0.038%	$27.0M	$128.6M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	118.53	−0.071%	$95.2M	$404.7M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	118.57	−0.038%	$48.6M	$30.3M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	118.58	−0.027%	$1.3M	$13.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	118.58	−0.027%	$358K	$2.5M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	118.63	+0.012%	$202K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	118.61	+0.003%	$37K	$17K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	118.57	−0.037%	$192K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	118.60	−0.010%	$6.2M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	118.54	−0.063%	$230.7M	$44.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	118.64	+0.024%	$46.5M	$101.5M	50x	as long as short
Hyperliquid SOL	+0.0104%	1h	118.69	+0.066%	$718.5M	$404.0M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	118.59	−0.022%	$8.6M	$35.5M	50x	as long as short
Phoenix SOL	+0.0114%	1h	118.62	+0.007%	$6.6M	$13.6M	25x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	118.58	−0.024%	—	$223.3M	500x	as long as short
Aftermath Perps SOLUSD	+0.0136%	1h	118.68	+0.061%	$25K	$50K	20x	as long as short
RISEx SOL/USDCshort	+0.0161%	1h	118.58	−0.026%	$1.8M	$4.7M	20x
GMX SOL/USD [SOL-USDC]	L +0.0166% / S −0.0066%	1h	118.63	+0.014%	$3.7M	—	200x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	118.66	+0.040%	$4K	$2K	12x	as long as short
Reya SOLRUSDPERP	+0.0185%	1h	118.58	−0.028%	$1.1M	$529K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	118.61	−0.002%	$51.9M	$79.2M	125x	as long as short