Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.028%

Price spread now: Kalshi against Aevo+0.040%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$500.495% of the position

Long on Aevo Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now +0.040%, 7d avg +0.012%

Together, before fees+0.078%+$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.027% dearer against Aevo than usual: you sell high and buy low (spread +0.040% now, against its 7-day average of +0.012%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo SOL-PERP	115.72	0.0096	pay 0.0012% / 1h	30m 21s	$348K	$247K	20x
Short	Kalshi KXSOLPERP	115.76	0	get 0.0000% / 8h	6h 30m	$1.5M	$19.3M	3.1x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Aevo. 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 AevobpFee KalshibpOrdersPrice spread, now +0.040%Rate

Funding earned: −$20.16
Price spread: +0.040% → +0.012%: $2.74
Slippage, 4 orders: −$23.52
Fee Aevo: 8 bp × 2 orders: −$16
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$66.94
Costs to cover: 0.495%
Break-even: never at this rate

Slippage from Aevo: live order book, 19 min ago; Kalshi: live order book, 4 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 Aevo live order book, 19 min ago	7.04 bp	16.2 bp −$16	22.2 bp −$222	32.6 bp −$3,257	doesn't fit
Sell Kalshi live order book, 4 min ago	1.21 bp	8.0 bp −$8	12.7 bp −$127	20.2 bp −$2,022	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
Kraken Futures PF_SOLUSD	−0.0241%	1h	115.69	−0.020%	$31.7M	$103.8M	100x	as long as short
Hibachi SOL/USDT-P	−0.0192%	1h	115.84	+0.110%	$104K	$693K	20x	as long as short
Derive SOL-PERP	−0.0125%	1h	115.62	−0.085%	$1.9M	$2.9M	13x	as long as short
BingX SOL-USDT	−0.0116%	8h	115.80	+0.077%	—	$368.7M	—	as long as short
Bybit SOLUSDT	−0.0116%	8h	115.77	+0.047%	$740.3M	$1.42B	100x	as long as short
Vest SOL-PERP	−0.0094%	1h	115.79	+0.069%	—	$625K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.05	+0.292%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	115.82	+0.091%	$41K	—	150x	as long as short
Kalshi KXSOLPERPshort	0.0000%	8h	115.76	+0.040%	$1.5M	$19.3M	3.1x
Perpl SOL	0.0000%	43m	115.79	+0.067%	$113K	$3.7M	8.3x	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	+0.0013%	1h	115.80	+0.075%	$4.3M	$24.0M	20x	as long as short
01 Exchange SOLUSD	+0.0016%	1h	115.83	+0.099%	$98K	$177K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	115.72	+0.007%	$7.8M	$402.8M	50x	as long as short
Bitget SOLUSDT	+0.0068%	8h	115.80	+0.072%	$480.0M	$455.8M	100x	as long as short
Bullet SOL-USD	+0.0088%	1h	115.81	+0.085%	$147K	$1.6M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0096%	8h	115.73	+0.009%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	115.75	+0.029%	$12.9M	$60.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	115.74	+0.019%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERPlong	+0.0096%	1h	115.72	long leg	$348K	$247K	20x
Aster SOLUSDT	+0.0099%	8h	115.79	+0.065%	$173.6M	$184.4M	100x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	115.74	+0.021%	$62K	$911K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	115.79	+0.062%	$1.0M	$550K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	115.76	+0.038%	$5.2M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	115.89	+0.151%	$686.4M	$399.6M	20x	as long as short
Pacifica SOL	+0.0100%	1h	115.79	+0.061%	$15.5M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	115.82	+0.093%	$961.8M	$3.88B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	115.82	+0.091%	$361.0M	$1.73B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	115.67	−0.039%	$215K	$870K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	115.80	+0.077%	$913K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	115.84	+0.109%	$125.6M	$19.8M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	115.80	+0.073%	$840.0M	$667.4M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	115.83	+0.099%	$359.1M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	115.79	+0.065%	$124.4M	$229.3M	75x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	115.75	+0.030%	$22.8M	$40.4M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	115.67	−0.042%	$24.7M	$114.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	115.77	+0.052%	$92.9M	$406.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	115.81	+0.080%	$47.4M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	115.81	+0.083%	$1.1M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	115.76	+0.039%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	115.80	+0.073%	$317K	$2.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	115.71	−0.004%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	115.76	+0.035%	$188K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	115.69	−0.022%	$6.0M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	115.66	−0.044%	$224.1M	$50.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	115.74	+0.021%	$45.0M	$104.5M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	115.72	+0.004%	$7.9M	$38.8M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	115.81	+0.082%	—	$239.6M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0125%	1h	115.75	+0.030%	$26.2M	$21.9M	50x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	116.55	+0.721%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	115.93	+0.186%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	115.79	+0.061%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	115.69	−0.022%	$51.5M	$67.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	115.82	+0.089%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0547%	1h	115.84	+0.112%	$1.9M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0598%	1h	115.92	+0.175%	$25K	$53K	20x	as long as short