Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0599%/8h= −65.6% APRpaid last 24h −0.083%

Price spread now: Kalshi against Aftermath Perps−0.163%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aftermath Perps Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Kalshi is 0.163% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps SOLUSD	115.95	0.0599	pay 0.0075% / 1h	31m 12s	$25K	$53K	20x
Short	Kalshi KXSOLPERP	115.76	0	get 0.0000% / 8h	6h 31m	$1.5M	$19.3M	3.1x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Aftermath Perps. 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 Aftermath PerpsbpFee KalshibpOrdersPrice spread, now −0.163%Rate

Funding earned: −$125.88
Price spread: −0.163% → 0.000%: −$16.3
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$161.18
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Kalshi: live order book, 3 min ago. Net counts fees only.

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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Kalshi live order book, 3 min ago	1.21 bp	8.0 bp −$8	12.7 bp −$127	20.2 bp −$2,022	doesn't fit

Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.223%	$31.7M	$103.8M	100x	as long as short
Hibachi SOL/USDT-P	−0.0192%	1h	115.84	−0.093%	$104K	$693K	20x	as long as short
Derive SOL-PERP	−0.0125%	1h	115.62	−0.287%	$1.9M	$2.9M	13x	as long as short
BingX SOL-USDT	−0.0116%	8h	115.75	−0.176%	—	$368.6M	—	as long as short
Bybit SOLUSDT	−0.0116%	8h	115.73	−0.190%	$740.1M	$1.42B	100x	as long as short
Vest SOL-PERP	−0.0097%	1h	115.75	−0.171%	—	$625K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.05	+0.089%	$1K	$8K	25x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	115.72	−0.196%	$41K	—	150x	as long as short
Kalshi KXSOLPERPshort	0.0000%	8h	115.76	−0.163%	$1.5M	$19.3M	3.1x
Perpl SOL	0.0000%	43m	115.73	−0.190%	$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	+0.0014%	1h	115.72	−0.197%	$4.3M	$24.1M	20x	as long as short
01 Exchange SOLUSD	+0.0016%	1h	115.77	−0.155%	$98K	$176K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	115.72	−0.196%	$7.8M	$402.8M	50x	as long as short
Bitget SOLUSDT	+0.0068%	8h	115.73	−0.186%	$479.8M	$455.5M	100x	as long as short
Bullet SOL-USD	+0.0087%	1h	115.71	−0.209%	$147K	$1.6M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0096%	8h	115.73	−0.193%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	115.72	−0.197%	$12.9M	$60.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	115.70	−0.216%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	115.72	−0.203%	$348K	$247K	20x	as long as short
Aster SOLUSDT	+0.0099%	8h	115.68	−0.229%	$173.5M	$184.4M	100x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	115.73	−0.190%	$62K	$911K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	115.77	−0.157%	$1.0M	$550K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	115.73	−0.193%	$5.2M	$40.7M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	115.82	−0.112%	$686.0M	$399.5M	20x	as long as short
Pacifica SOL	+0.0100%	1h	115.78	−0.149%	$15.5M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	115.75	−0.172%	$961.2M	$3.88B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	115.76	−0.164%	$360.8M	$1.73B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	115.67	−0.241%	$215K	$870K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	115.78	−0.148%	$913K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	115.84	−0.094%	$125.6M	$19.8M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	115.72	−0.198%	$838.6M	$667.2M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	115.76	−0.164%	$359.1M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	115.74	−0.181%	$124.2M	$229.3M	75x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	115.75	−0.172%	$22.8M	$40.4M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.00	+0.041%	$24.8M	$114.4M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	115.77	−0.151%	$92.9M	$406.6M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	115.81	−0.123%	$47.4M	$30.9M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	115.81	−0.120%	$1.1M	$6.8M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	115.84	−0.095%	$1.3M	$12.0M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	115.72	−0.198%	$317K	$2.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	115.71	−0.207%	$25K	$33K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	115.76	−0.167%	$188K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	115.69	−0.224%	$6.0M	$10.9M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	115.66	−0.247%	$224.1M	$50.0M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	115.74	−0.181%	$45.0M	$104.5M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	115.65	−0.258%	$7.9M	$38.8M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	115.72	−0.201%	—	$239.5M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0125%	1h	115.75	−0.172%	$26.2M	$21.9M	50x	as long as short
Injective SOL/USDC PERP	+0.0173%	1h	116.55	+0.517%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0179%	1h	115.93	−0.017%	$6.5M	$13.7M	25x	as long as short
Reya SOLRUSDPERP	+0.0193%	1h	115.72	−0.202%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	115.69	−0.224%	$51.5M	$67.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	115.72	−0.200%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0547%	1h	115.81	−0.124%	$1.9M	$4.9M	20x	as long as short
Aftermath Perps SOLUSDlong	+0.0599%	1h	115.95	long leg	$25K	$53K	20x