Funding arb · Price arb /

SOL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Kalshi against edgeX+0.036%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$310.315% of the position

Long on edgeX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$4 on $10k

Price spread, last 7 days+0.014%+$1 · spread now +0.036%, 7d avg +0.044%

Together, before fees−0.030%+ Points / potential airdropedgeX: Active · farm board−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.044%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SOLUSDC	117.42	0.0100	pay 0.0050% / 4h	1h 53m	$94.3M	$399.8M	75x
Short	Kalshi KXSOLPERP	117.46	0	get 0.0000% / 8h	1h 53m	$1.4M	$19.5M	3.1x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against edgeX. 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 edgeXbpFee KalshibpOrdersPrice spread, now +0.036%Rate

Funding earned: −$21
Price spread: +0.036% → +0.044%: −$0.83
Slippage, 4 orders: −$12.47
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$53.3
Costs to cover: 0.315%
Break-even: never at this rate

Slippage from edgeX: live order book, 1 min ago; Kalshi: 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 edgeX live order book, 1 min ago	2.13 bp	6.6 bp −$7	6.6 bp −$66	6.7 bp −$672	10.3 bp −$5,157
Sell Kalshi live order book, 5 min ago	2.51 bp	9.2 bp −$9	12.3 bp −$123	20.0 bp −$2,001	doesn't fit

SOL on 54 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
ApeX Omni SOLUSDT	−0.0279%	1h	117.27	−0.124%	$1.5M	$5.9M	50x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.39	−0.026%	$918	$8K	25x	as long as short
Vest SOL-PERP	−0.0057%	1h	117.32	−0.083%	—	$605K	20x	as long as short
Kraken Futures PF_SOLUSD	−0.0055%	1h	117.42	0.000%	$31.5M	$98.0M	100x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.35	−0.055%	$56K	—	150x	as long as short
dYdX SOL-USD	0.0000%	1h	117.40	−0.013%	$4.5M	$24.1M	20x	as long as short
Kalshi KXSOLPERPshort	0.0000%	8h	117.46	+0.036%	$1.4M	$19.5M	3.1x
Derive SOL-PERP	+0.0009%	1h	117.29	−0.104%	$2.0M	$2.8M	13x	as long as short
HTX SOL-USDT	+0.0032%	8h	117.28	−0.112%	$227.9M	$45.5M	75x	as long as short
01 Exchange SOLUSD	+0.0048%	1h	117.42	+0.003%	$100K	$162K	20x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SOL-PERP-INTX	+0.0064%	1h	117.41	−0.009%	$8.0M	$401.9M	50x	as long as short
Hibachi SOL/USDT-P	+0.0072%	1h	117.64	+0.193%	$100K	$690K	20x	as long as short
BingX SOL-USDC	+0.0080%	8h	117.33	−0.071%	—	$10.5M	—	as long as short
Orderly PERP_SOL_USDC	+0.0088%	8h	117.41	−0.003%	$1.0M	$5.8M	100x	as long as short
Gate SOL_USDT	+0.0093%	8h	117.35	−0.056%	$851.7M	$642.6M	100x	as long as short
Lighter SOL	+0.0096%	1h	117.36	−0.048%	$13.0M	$58.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.35	−0.060%	$2.1M	$16.2M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.40	−0.015%	$344K	$225K	20x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.34	−0.065%	$67K	$831K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.43	+0.008%	$1.0M	$516K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.38	−0.031%	$5.8M	$39.7M	40x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.38	−0.031%	$176.2M	$176.9M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.40	−0.013%	$14.5M	$127.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.39	−0.022%	$967.4M	$3.72B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	117.40	−0.014%	$820.1M	$1.24B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.38	−0.031%	$365.9M	$1.63B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.61	+0.165%	$237K	$850K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.39	−0.021%	$2.0M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.40	−0.014%	$134.9M	$15.4M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.38	−0.031%	$425.5M	$1.06B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.38	−0.034%	$130.4M	$211.1M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	117.36	−0.049%	$486.6M	$432.5M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.36	−0.048%	$23.7M	$37.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.64	+0.187%	$24.3M	$119.7M	—	as long as short
edgeX SOLUSDClong	+0.0100%	4h	117.42	long leg	$94.3M	$399.8M	75x
GRVT SOL_USDT_Perp	+0.0100%	8h	117.42	+0.002%	$48.1M	$28.6M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.36	−0.048%	$1.3M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.34	−0.065%	$352K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.36	−0.050%	$200K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.40	−0.015%	$25K	$28K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.35	−0.057%	$190K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.42	+0.003%	$6.2M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.38	−0.031%	$45.7M	$100.3M	50x	as long as short
Phoenix SOL	+0.0101%	1h	117.35	−0.056%	$6.5M	$13.4M	25x	as long as short
Extended SOL-USD	+0.0104%	1h	117.34	−0.063%	$8.2M	$36.0M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0106%	1h	117.47	+0.048%	$26.4M	$25.2M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.40	−0.018%	—	$220.7M	500x	as long as short
RISEx SOL/USDC	+0.0136%	1h	117.44	+0.018%	$1.9M	$4.9M	20x	as long as short
Hyperliquid SOL	+0.0161%	1h	117.47	+0.046%	$716.9M	$392.0M	20x	as long as short
Reya SOLRUSDPERP	+0.0189%	1h	117.33	−0.072%	$1.1M	$523K	25x	as long as short
Injective SOL/USDC PERP	+0.0218%	1h	117.45	+0.029%	$4K	$2K	12x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0232% / S −0.0170%	1h	117.35	−0.058%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0366%	1h	117.46	+0.037%	$25K	$51K	20x	as long as short
Perpl SOL	+0.0447%	43m	117.38	−0.027%	$128K	$3.8M	8.3x	as long as short