Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Kalshi against StandX+0.014%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$340.344% of the position

Long on StandX Short on Kalshi

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+0.064%+$6 · spread now +0.014%, 7d avg −0.001%

Together, before fees−0.002%+ Points / potential airdropStandX: Active · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.001%, 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	StandX SOL-USD	116.44	0.0100	pay 0.0013% / 1h	45m 10s	$1.3M	$12.1M	30x
Short	Kalshi KXSOLPERP	116.46	0	get 0.0000% / 8h	5h 45m	$1.5M	$19.4M	3.1x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against StandX. 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 StandXbpFee KalshibpOrdersPrice spread, now +0.014%Rate

Funding earned: −$21
Price spread: +0.014% → −0.001%: $1.45
Slippage, 4 orders: −$16.37
Fee StandX: 4 bp × 2 orders: −$8
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$53.92
Costs to cover: 0.344%
Break-even: never at this rate

Slippage from StandX: live order book, 4 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 StandX live order book, 4 min ago	3.00 bp	8.6 bp −$9	10.6 bp −$106	doesn't fit	doesn't fit
Sell Kalshi live order book, 4 min ago	1.29 bp	7.3 bp −$7	12.0 bp −$120	19.4 bp −$1,938	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
Hibachi SOL/USDT-P	−0.0112%	1h	116.39	−0.043%	$97K	$687K	20x	as long as short
Bybit SOLUSDT	−0.0111%	8h	116.57	+0.112%	$741.9M	$1.44B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.43	−0.006%	$1K	$8K	25x	as long as short
Kraken Futures PF_SOLUSD	−0.0072%	1h	116.68	+0.202%	$32.6M	$104.7M	100x	as long as short
Derive SOL-PERP	−0.0053%	1h	116.60	+0.136%	$1.9M	$3.0M	13x	as long as short
Vest SOL-PERP	−0.0011%	1h	116.52	+0.071%	—	$628K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.67	+0.198%	$42K	—	150x	as long as short
Kalshi KXSOLPERPshort	0.0000%	8h	116.46	+0.014%	$1.5M	$19.4M	3.1x
Perpl SOL	0.0000%	43m	116.63	+0.161%	$113K	$3.6M	8.3x	as long as short
dYdX SOL-USD	+0.0014%	1h	116.42	−0.017%	$4.3M	$23.8M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SOL	+0.0040%	1h	116.63	+0.161%	$2.2M	$16.8M	25x	as long as short
01 Exchange SOLUSD	+0.0040%	1h	116.41	−0.026%	$100K	$176K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.66	+0.192%	$8.2M	$405.6M	50x	as long as short
Bitget SOLUSDT	+0.0050%	8h	116.62	+0.151%	$480.3M	$463.0M	100x	as long as short
SoDEX SOL-USD	+0.0066%	1h	116.64	+0.172%	$6.1M	$10.9M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0090%	8h	116.64	+0.175%	$1.0M	$6.0M	100x	as long as short
Aster SOLUSDT	+0.0090%	8h	116.60	+0.137%	$175.8M	$176.3M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.64	+0.173%	$13.1M	$60.4M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.65	+0.180%	$349K	$249K	20x	as long as short
Paradex SOL-USD-PERP	+0.0097%	8h	116.39	−0.042%	$1.0M	$551K	50x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.37	−0.060%	$64K	$908K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.51	+0.058%	$5.5M	$41.0M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.73	+0.249%	$698.4M	$410.2M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.42	−0.018%	$15.7M	$130.6M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.62	+0.158%	$968.9M	$3.90B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.61	+0.146%	$370.9M	$1.77B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.51	+0.060%	$217K	$886K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.41	−0.029%	$903K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.55	+0.094%	$125.4M	$23.1M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.64	+0.172%	$845.4M	$665.6M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.65	+0.180%	$361.0M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.64	+0.168%	$129.1M	$232.3M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.58	+0.124%	—	$10.7M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.65	+0.180%	$23.1M	$38.0M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.33	−0.090%	$24.8M	$112.3M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.46	+0.014%	$93.5M	$411.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.44	−0.001%	$47.7M	$31.1M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.51	+0.060%	$1.2M	$6.8M	50x	as long as short
StandX SOL-USDlong	+0.0100%	1h	116.44	long leg	$1.3M	$12.1M	30x
Polymarket Perps SOL-USD	+0.0100%	1h	116.59	+0.129%	$313K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.66	+0.189%	$234K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.67	+0.201%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.38	−0.056%	$189K	$1.8M	30x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.62	+0.152%	$225.8M	$50.7M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.65	+0.180%	$45.4M	$105.7M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.62	+0.151%	$8.0M	$39.3M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.43	−0.007%	—	$235.7M	500x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0139%	1h	116.72	+0.243%	$26.4M	$21.9M	50x	as long as short
Injective SOL/USDC PERP	+0.0176%	1h	116.50	+0.052%	$4K	$2K	12x	as long as short
Phoenix SOL	+0.0178%	1h	116.66	+0.189%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0194%	1h	116.57	+0.112%	$1.1M	$544K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.65	+0.180%	$52.4M	$68.7M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0233% / S −0.0173%	1h	116.67	+0.198%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0451%	1h	116.47	+0.025%	$2.1M	$4.9M	20x	as long as short
Aftermath Perps SOLUSD	+0.0492%	1h	116.61	+0.147%	$25K	$56K	20x	as long as short