Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.029%
Price spread now: Kalshi against Backpack−0.084%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$360.356% of the position
Funding, last 7 days−0.201%−$20 on $10k
+Price spread, last 7 days+0.074%+$7 · spread now −0.084%, 7d avg −0.054%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kalshi is 0.030% cheaper against Backpack than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.054%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack SUI_USDC_PERP | 1.0125 | 0.0100 | pay 0.0013% / 1h | 19m 57s | $647K | $1.4M | 20x |
| Short | Kalshi KXSUIPERP | 1.0116 | 0 | get 0.0000% / 8h | 6h 19m | $371K | $5.1M | 2.5x |
Backpack SUI_USDC_PERP
Kalshi KXSUIPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21
- Price spread: −0.084% → −0.054%
- −$2.97
- Slippage, 4 orders
- −$15.63
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$59.59
- Costs to cover
- 0.356%
- Break-even
- never at this rate
Slippage from Backpack: 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 Backpack live order book, 4 min ago | 0.50 bp | 5.9 bp −$6 | 13.4 bp −$134 | doesn't fit | doesn't fit |
| Sell Kalshi live order book, 4 min ago | 6.48 bp | 11.5 bp −$11 | 18.7 bp −$187 | doesn't fit | doesn't fit |
SUI on 46 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SUI/USDC PERP | −0.3309% | 1h | 0.9907 | −2.153% | $41K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0378% | 1h | 1.0113 | −0.114% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0160% | 1h | 1.0055 | −0.688% | $5K | $19K | 7x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0108 | −0.166% | $95K | $294K | 10x | as long as short |
| Kalshi KXSUIPERPshort | 0.0000% | 8h | 1.0116 | −0.084% | $371K | $5.1M | 2.5x | |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0126 | +0.013% | $114K | — | 150x | as long as short |
| Bluefin SUI-PERP | +0.0039% | 1h | 1.0110 | −0.148% | $580K | $431K | 25x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0124 | −0.010% | $779K | $5.5M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0128 | +0.028% | $299K | $2.2M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0110 | −0.148% | $31K | $546K | 50x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
dYdX SUI-USD
gTrade (Gains Network) SUI/USD
Bluefin SUI-PERP
Lighter SUI
Lighter RH SUI
Popdex SUIUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0123 | −0.020% | $47K | $210K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0118 | −0.068% | $26K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0111 | −0.143% | $546K | $2.1M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0124 | −0.008% | $885K | $4.3M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0114 | −0.107% | $220K | $257K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0127 | +0.019% | $145.5M | $1.05B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0122 | −0.026% | $99.0M | $319.2M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0126 | +0.010% | $41.2M | $388.4M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0120 | −0.049% | $43K | $330K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0045 | −0.790% | $236K | $3K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0124 | −0.010% | $165.7M | $85.0M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0127 | +0.020% | $149.7M | $294.4M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0123 | −0.020% | $49.3M | $53.5M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0120 | −0.049% | $66.6M | $177.9M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0125 | 0.000% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERPlong | +0.0100% | 1h | 1.0125 | long leg | $647K | $1.4M | 20x | |
| Variational Omni SUI | +0.0100% | 8h | 1.0075 | −0.496% | $2.4M | $3.4M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0028 | −0.963% | $161K | $4.6M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0038 | −0.859% | $434K | $7.5M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0026 | −0.978% | $221K | $436K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0117 | −0.079% | $133K | $726K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0135 | +0.099% | $3K | $1.7M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0123 | −0.020% | $6K | $1.9M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0122 | −0.030% | $617K | $19.4M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0125 | 0.000% | $11.6M | $27.8M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0115 | −0.103% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0144 | +0.190% | $39K | $11K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0120% | 1h | 1.0112 | −0.128% | $9K | $3K | 10x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0173% | 1h | 1.0125 | +0.002% | $6.7M | $25.0M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0075 | −0.494% | $7.5M | $24.4M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0248% | 1h | 1.0122 | −0.030% | $964K | $14.9M | 50x | as long as short |
| Hyperliquid SUI | +0.0377% | 1h | 1.0133 | +0.079% | $72.7M | $83.2M | 10x | as long as short |
| Phoenix SUI | +0.0416% | 1h | 1.0038 | −0.856% | $199K | $422K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0599% / S −0.0263% | 1h | 1.0125 | +0.003% | $929K | — | 100x | as long as short |
| Deribit SUI_USDC-PERPETUAL | +0.0639% | 1h | 1.0130 | +0.049% | $197K | $562K | 25x | as long as short |
| Aftermath Perps SUIUSD | +0.1450% | 1h | 1.0076 | −0.480% | $81K | $409K | 10x | as long as short |
Orderly PERP_SUI_USDC
Paradex SUI-USD-PERP
Nado SUI-PERP
Aster SUIUSDT
Pacifica SUI
Binance SUIUSDT
Bybit SUIUSDT
OKX SUI-USDT-SWAP
Arcus SUI-USD
Bulk SUI-USD
Gate SUI_USDT
MEXC SUI_USDT
KuCoin SUIUSDTM
Bitget SUIUSDT
BingX SUI-USDC
Variational Omni SUI
edgeX SUIUSDC
GRVT SUI_USDT_Perp
ApeX Omni SUIUSDT
Polymarket Perps SUI-USD
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Phemex SUIUSDT
Extended SUI-USD
Aevo SUI-PERP
01 Exchange SUIUSD
Kraken Futures PF_SUIUSD
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Hyperliquid SUI
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Deribit SUI_USDC-PERPETUAL
Aftermath Perps SUIUSD