Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.031%

Price spread now: Kalshi against Arcus+0.140%7-day average −0.006% · you sell dearer than you buy

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

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

costs, in and out, $10k−$210.214% of the position

Long on Arcus Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.093%−$9 on $10k

Price spread, last 7 days−0.130%−$13 · spread now +0.140%, 7d avg −0.006%

Together, before fees−0.223%−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.146% dearer against Arcus than usual: you sell high and buy low (spread +0.140% now, against its 7-day average of −0.006%): +$15 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SOL-USD	116.35	0.0100	pay 0.0013% / 1h	22m 27s	$920K	$8.8M	20x
Short	Kalshi KXSOLPERP	116.52	0	get 0.0000% / 8h	7h 22m	$1.4M	$19.0M	3.1x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Arcus. 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 ArcusbpFee KalshibpOrdersPrice spread, now +0.140%Rate

Funding earned: −$21
Price spread: +0.140% → −0.006%: $14.58
Slippage, 4 orders: −$6.87
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$27.79
Costs to cover: 0.214%
Break-even: never at this rate

Slippage from Arcus: live order book, 2 min ago; Kalshi: live order book, 1 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 Arcus live order book, 2 min ago	0.04 bp	2.3 bp −$2	2.7 bp −$27	7.8 bp −$779	doesn't fit
Sell Kalshi live order book, 1 min ago	1.54 bp	6.8 bp −$7	9.6 bp −$96	16.5 bp −$1,653	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	−0.0193%	1h	116.46	+0.088%	$30.9M	$101.2M	100x	as long as short
Hibachi SOL/USDT-P	−0.0192%	1h	116.46	+0.089%	$104K	$703K	20x	as long as short
Vest SOL-PERP	−0.0099%	1h	116.38	+0.018%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.36	+0.001%	$1K	$8K	25x	as long as short
Bybit SOLUSDT	−0.0024%	8h	116.38	+0.022%	$755.9M	$1.39B	100x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.50	+0.125%	$42K	—	150x	as long as short
Kalshi KXSOLPERPshort	0.0000%	8h	116.52	+0.140%	$1.4M	$19.0M	3.1x
dYdX SOL-USD	+0.0014%	1h	116.37	+0.013%	$4.4M	$24.2M	20x	as long as short
Derive SOL-PERP	+0.0032%	1h	116.41	+0.051%	$1.9M	$2.9M	13x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.47	+0.101%	$7.6M	$404.5M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SOLUSD	+0.0064%	1h	116.36	+0.005%	$99K	$174K	20x	as long as short
Bullet SOL-USD	+0.0075%	1h	116.45	+0.085%	$147K	$1.6M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0094%	8h	116.47	+0.099%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.35	−0.003%	$13.1M	$60.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.33	−0.021%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.45	+0.078%	$350K	$247K	20x	as long as short
Bitget SOLUSDT	+0.0097%	8h	116.42	+0.058%	$480.7M	$445.6M	100x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.30	−0.046%	$61K	$896K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.36	+0.007%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.35	−0.005%	$5.4M	$40.3M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.57	+0.186%	$702.6M	$394.9M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.46	+0.090%	$174.4M	$183.4M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.38	+0.021%	$15.8M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.46	+0.091%	$971.6M	$3.82B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.47	+0.100%	$366.9M	$1.70B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.29	−0.055%	$229K	$835K	10x	as long as short
Arcus SOL-USDlong	+0.0100%	1h	116.35	long leg	$920K	$8.8M	20x
Bulk SOL-USD	+0.0100%	1h	116.45	+0.085%	$133.0M	$16.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.39	+0.031%	$850.6M	$664.5M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.45	+0.083%	$363.8M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.44	+0.072%	$129.0M	$223.5M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.44	+0.072%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.45	+0.083%	$23.0M	$40.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.40	+0.043%	$24.4M	$113.5M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.61	+0.223%	$93.6M	$400.0M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.45	+0.083%	$47.6M	$30.7M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.64	+0.246%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.51	+0.134%	$1.3M	$12.5M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.44	+0.074%	$320K	$2.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.46	+0.092%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.47	+0.101%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.46	+0.091%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.45	+0.084%	$225.7M	$48.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.50	+0.125%	$45.5M	$103.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.27	−0.074%	$8.2M	$37.7M	50x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.70	+0.297%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.41	+0.051%	—	$231.7M	500x	as long as short
Phoenix SOL	+0.0151%	1h	116.64	+0.246%	$6.5M	$13.8M	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0161%	1h	116.54	+0.162%	$26.3M	$23.3M	50x	as long as short
Reya SOLRUSDPERP	+0.0191%	1h	116.41	+0.051%	$1.1M	$542K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.45	+0.083%	$51.9M	$67.1M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.47	+0.103%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.46	+0.090%	$139K	$3.7M	8.3x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.39	+0.029%	$1.9M	$4.8M	20x	as long as short
Aftermath Perps SOLUSD	+0.0568%	1h	116.59	+0.207%	$25K	$51K	20x	as long as short