SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Kalshi against SunX+0.060%55s7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$590.592% of the position

Long on SunX 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 4 days (all we have)+0.182%+$18 · spread now +0.060%, 7d avg +0.013%

Together, before fees+0.117%+$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.048% dearer against SunX than usual: you sell high and buy low (spread +0.060% now, against its 7-day average of +0.013%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 38 hours. At the pace of the last 7 days (−0.065% in total) that is about 5.1 days. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SOL-USDT	117.20	0.0100	pay 0.0100% / 8h	5h 53m	$190K	$1.4M	30x
Short	Kalshi KXSOLPERP	117.27	0	get 0.0000% / 8h	1h 53m	$1.3M	$15.7M	3.1x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against SunX. 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 SunXbpFee KalshibpOrdersPrice spread, now +0.060%Rate

Funding earned: −$21
Price spread: +0.060% → +0.013%: $4.76
Slippage, 4 orders: −$41.18
Fee SunX: 4 bp × 2 orders: −$8
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$75.42
Costs to cover: 0.592%
Break-even: never at this rate

Slippage from SunX: live order book, 5 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 SunX live order book, 5 min ago	4.63 bp	23.8 bp −$24	34.4 bp −$344	doesn't fit	doesn't fit
Sell Kalshi live order book, 4 min ago	1.32 bp	8.0 bp −$8	11.5 bp −$115	18.5 bp −$1,848	doesn't fit

SOL on 54 exchanges

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	−0.0264%	1h	117.20	+0.001%	$99K	$634K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.44	+0.205%	$1K	$8K	25x	as long as short
Bybit SOLUSDT	−0.0053%	8h	117.21	+0.013%	$734.0M	$1.24B	100x	as long as short
SoDEX SOL-USD	−0.0034%	1h	117.19	−0.005%	$6.1M	$11.1M	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.20	+0.004%	$41K	—	150x	as long as short
Kalshi KXSOLPERPshort	0.0000%	8h	117.27	+0.060%	$1.3M	$15.7M	3.1x
Perpl SOL	0.0000%	43m	117.25	+0.043%	$98K	$2.8M	8.3x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0004%	1h	117.27	+0.061%	$26.4M	$18.3M	50x	as long as short
Vest SOL-PERP	+0.0007%	1h	117.21	+0.010%	—	$272K	20x	as long as short
Bitget SOLUSDT	+0.0029%	8h	117.20	+0.008%	$482.5M	$396.9M	100x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International SOL-PERP-INTX	+0.0040%	1h	117.25	+0.049%	$8.4M	$369.0M	50x	as long as short
Aster SOLUSDT	+0.0042%	8h	117.20	+0.001%	$177.8M	$155.2M	100x	as long as short
ApeX Omni SOLUSDT	+0.0044%	1h	117.25	+0.046%	$1.1M	$6.5M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0049%	8h	117.19	−0.002%	$995K	$5.0M	100x	as long as short
01 Exchange SOLUSD	+0.0056%	1h	117.22	+0.021%	$101K	$181K	20x	as long as short
Phoenix SOL	+0.0075%	1h	117.41	+0.183%	$6.6M	$12.2M	25x	as long as short
Binance SOLUSDT	+0.0080%	8h	117.19	−0.002%	$971.0M	$3.42B	100x	as long as short
MEXC SOL_USDT	+0.0080%	8h	117.19	−0.005%	$430.6M	$911.3M	300x	as long as short
Aevo SOL-PERP	+0.0080%	1h	117.15	−0.037%	$348K	$258K	20x	as long as short
Kraken Futures PF_SOLUSD	+0.0083%	1h	117.23	+0.032%	$33.7M	$93.1M	100x	as long as short
Gate SOL_USDT	+0.0087%	8h	117.19	−0.005%	$842.2M	$585.1M	100x	as long as short
dYdX SOL-USD	+0.0090%	1h	117.27	+0.063%	$9.3M	$17.9M	20x	as long as short
Lighter SOL	+0.0096%	1h	117.24	+0.042%	$13.2M	$54.4M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.23	+0.029%	$2.3M	$13.5M	25x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	117.25	+0.044%	$1.0M	$551K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.23	+0.030%	$45K	$885K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.21	+0.017%	$5.6M	$39.0M	40x	as long as short
Pacifica SOL	+0.0100%	1h	117.28	+0.075%	$15.9M	$116.2M	20x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	117.20	+0.004%	$361.5M	$1.55B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	117.20	+0.004%	$223K	$758K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.27	+0.067%	$1.2M	$8.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.35	+0.130%	$127.4M	$14.3M	20x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	117.21	+0.010%	$134.4M	$226.1M	75x	as long as short
BingX SOL-USDC	+0.0100%	8h	117.16	−0.029%	—	$10.5M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.25	+0.047%	$23.2M	$35.2M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.28	+0.068%	$25.1M	$99.9M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	117.28	+0.069%	$94.2M	$374.1M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	117.24	+0.038%	$48.0M	$25.6M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.25	+0.047%	$1.3M	$10.2M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.19	−0.005%	$323K	$2.7M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.23	+0.028%	$284K	$1.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	117.22	+0.022%	$27K	$35K	25x	as long as short
SunX SOL-USDTlong	+0.0100%	8h	117.20	long leg	$190K	$1.4M	30x
HTX SOL-USDT	+0.0100%	8h	117.23	+0.027%	$226.8M	$40.9M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.25	+0.047%	$45.5M	$99.5M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.15	−0.036%	$8.5M	$33.1M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0056%	1h	117.22	+0.024%	—	$210.5M	500x	as long as short
Reya SOLRUSDPERP	+0.0199%	1h	117.18	−0.017%	$1.1M	$93K	25x	as long as short
BloFin SOL-USDT	+0.0202%	8h	117.23	+0.030%	$51.6M	$57.1M	125x	as long as short
Injective SOL/USDC PERP	+0.0206%	1h	116.85	−0.295%	$4K	$117	12x	as long as short
Hyperliquid SOL	+0.0230%	1h	117.34	+0.123%	$723.7M	$364.8M	20x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0171%	1h	117.22	+0.020%	$3.5M	—	200x	as long as short
RISEx SOL/USDC	+0.0250%	1h	117.24	+0.042%	$2.2M	$4.4M	20x	as long as short
Aftermath Perps SOLUSD	+0.0384%	1h	117.31	+0.094%	$25K	$49K	20x	as long as short