Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: StandX against Kalshi−0.098%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

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

costs, in and out, $10k−$320.320% of the position

Long on Kalshi Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$7 on $10k

Price spread, last 7 days−0.005%$0 · spread now −0.098%, 7d avg 0.000%

Together, before fees+0.061%+ Points / potential airdropStandX: Active · farm board+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. StandX is 0.098% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.098% now, against its 7-day average of 0.000%). If the spread goes back, that is −$10 on $10k: about 3.3 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.065% in total) that is about 10 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXSOLPERP	116.85	0	get 0.0000% / 8h	3h 18m	$1.4M	$18.8M	3.1x
Short	StandX SOL-USD	116.74	0.0100	get 0.0013% / 1h	18m 56s	$1.3M	$10.9M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.098%Rate

Funding earned: $21
Price spread: −0.098% → 0.000%: −$9.79
Slippage, 4 orders: −$14
Fee Kalshi: 5 bp × 2 orders: −$10
Fee StandX: 4 bp × 2 orders: −$8
Net: −$20.79
Costs to cover: 0.320%
Break-even: 13.9 days

Slippage from Kalshi: live order book, 5 min ago; StandX: live order book, 5 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	1.33 bp	7.7 bp −$8	12.1 bp −$121	18.0 bp −$1,798	doesn't fit
Sell StandX live order book, 5 min ago	0.43 bp	6.9 bp −$7	9.0 bp −$90	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	116.76	−0.077%	$1K	$8K	25x	as long as short
Derive SOL-PERP	−0.0065%	1h	115.82	−0.881%	$1.8M	$2.9M	13x	as long as short
Kraken Futures PF_SOLUSD	−0.0057%	1h	116.84	−0.010%	$32.4M	$100.9M	100x	as long as short
Bybit SOLUSDT	−0.0034%	8h	116.87	+0.014%	$730.9M	$1.33B	100x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.83	−0.025%	$43K	—	150x	as long as short
Kalshi KXSOLPERPlong	0.0000%	8h	116.85	long leg	$1.4M	$18.8M	3.1x
Perpl SOL	0.0000%	43m	116.73	−0.110%	$101K	$3.2M	8.3x	as long as short
Vest SOL-PERP	+0.0001%	1h	116.78	−0.060%	—	$518K	20x	as long as short
Bitget SOLUSDT	+0.0022%	8h	116.89	+0.027%	$482.5M	$429.8M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0040%	1h	116.84	−0.010%	$7.8M	$386.8M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0042%	1h	116.86	+0.007%	$7.6M	$22.5M	20x	as long as short
Aster SOLUSDT	+0.0052%	8h	116.88	+0.022%	$177.4M	$166.7M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0066%	8h	116.81	−0.039%	$1.0M	$5.6M	100x	as long as short
Phemex SOLUSDT	+0.0083%	8h	116.82	−0.029%	$45.4M	$102.6M	50x	as long as short
SoDEX SOL-USD	+0.0094%	1h	116.81	−0.038%	$6.1M	$11.1M	20x	as long as short
Polymarket Perps SOL-USD	+0.0095%	1h	116.87	+0.014%	$321K	$2.8M	20x	as long as short
Lighter SOL	+0.0096%	1h	116.82	−0.029%	$13.2M	$56.5M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.80	−0.046%	$2.2M	$14.9M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.82	−0.026%	$352K	$240K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	116.87	+0.013%	$1.0M	$554K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.80	−0.046%	$53K	$857K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.84	−0.015%	$5.4M	$40.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.02	+0.142%	$708.1M	$390.8M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.84	−0.014%	$15.7M	$127.5M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.88	+0.022%	$964.1M	$3.72B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.91	+0.048%	$367.0M	$1.67B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.73	−0.106%	$218K	$828K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.85	0.000%	$942K	$8.2M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.86	+0.005%	$844.5M	$619.6M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.87	+0.014%	$417.2M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.86	+0.003%	$130.6M	$234.1M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.87	+0.015%	—	$369.0M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.83	−0.021%	$23.1M	$36.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.76	−0.082%	$25.0M	$103.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.68	−0.148%	$93.7M	$406.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.77	−0.073%	$47.8M	$27.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.73	−0.108%	$1.2M	$6.6M	50x	as long as short
StandX SOL-USDshort	+0.0100%	1h	116.74	−0.098%	$1.3M	$10.9M	30x
Bullet SOL-USD	+0.0100%	1h	116.83	−0.021%	$282K	$1.7M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.80	−0.043%	$190K	$1.7M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.77	−0.075%	$226.1M	$49.2M	75x	as long as short
Bulk SOL-USD	+0.0100%	1h	115.76	−0.940%	$125.0M	$25.2M	20x	as long as short
Extended SOL-USD	+0.0104%	1h	116.79	−0.056%	$8.4M	$35.4M	50x	as long as short
01 Exchange SOLUSD	+0.0104%	1h	116.83	−0.021%	$101K	$181K	20x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.85	−0.003%	—	$225.5M	500x	as long as short
Phoenix SOL	+0.0124%	1h	116.81	−0.038%	$6.5M	$13.4M	25x	as long as short
Hibachi SOL/USDT-P	+0.0136%	1h	116.77	−0.070%	$104K	$663K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0145%	1h	116.88	+0.021%	$26.3M	$20.4M	50x	as long as short
Bluefin SOL-PERP	+0.0149%	1h	116.82	−0.031%	$27K	$35K	25x	as long as short
Injective SOL/USDC PERP	+0.0179%	1h	116.34	−0.440%	$4K	$124	12x	as long as short
Reya SOLRUSDPERP	+0.0197%	1h	116.78	−0.061%	$1.1M	$541K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.80	−0.046%	$52.2M	$60.6M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.74	−0.098%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0420%	1h	116.57	−0.240%	$25K	$55K	20x	as long as short
RISEx SOL/USDC	+0.0480%	1h	116.87	+0.011%	$2.2M	$4.7M	20x	as long as short