Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.024%

Price spread now: Kalshi against Deribit−0.291%7-day average −0.249% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$450.452% of the position

Long on Deribit Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.193%−$19 on $10k

Price spread, last 3 days (all we have)+0.245%+$24 · spread now −0.291%, 7d avg −0.249%

Together, before fees+0.052%+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Kalshi is 0.042% cheaper against Deribit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.249%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SUI_USDC-PERPETUAL	1.0416	0	get 0.0000% / 1h	3m 45s	$202K	$577K	25x
Short	Kalshi KXSUIPERP	1.0386	0	get 0.0000% / 8h	2h 03m	$519K	$4.9M	2.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Deribit. 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 DeribitbpFee KalshibpOrdersPrice spread, now −0.291%Rate

Funding earned: $0
Price spread: −0.291% → −0.249%: −$4.16
Slippage, 4 orders: −$28.24
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$49.4
Costs to cover: 0.452%
Break-even: never at this rate

Slippage from Deribit: live order book, 65 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 Deribit live order book, 65 min ago	3.25 bp	11.3 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Kalshi live order book, 5 min ago	8.58 bp	13.6 bp −$14	20.2 bp −$202	doesn't fit	doesn't fit

SUI on 45 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	−0.4499%	1h	1.0250	−1.594%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0373%	1h	1.0415	−0.006%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0296%	1h	1.0366	−0.481%	$6K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0408	−0.076%	$95K	$169K	10x	as long as short
Kalshi KXSUIPERPshort	0.0000%	8h	1.0386	−0.291%	$519K	$4.9M	2.5x
Deribit SUI_USDC-PERPETUALlong	0.0000%	1h	1.0416	long leg	$202K	$577K	25x
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0415	−0.010%	$114K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0011%	1h	1.0418	+0.018%	$6.8M	$27.0M	50x	as long as short
Bluefin SUI-PERP	+0.0060%	1h	1.0399	−0.163%	$595K	$414K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0411	−0.047%	$821K	$5.7M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SUI	+0.0096%	1h	1.0410	−0.054%	$277K	$2.1M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0417	+0.010%	$31K	$495K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0403	−0.121%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0418	+0.019%	$738K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0414	−0.022%	$914K	$4.8M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0410	−0.057%	$227K	$268K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0408	−0.081%	$152.3M	$1.04B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0409	−0.067%	$103.2M	$310.4M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0407	−0.086%	$41.0M	$387.4M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0430	+0.134%	$44K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0351	−0.624%	$243K	$4K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0410	−0.058%	$164.9M	$84.7M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0409	−0.067%	$151.0M	$301.4M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0411	−0.048%	$50.8M	$53.8M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0406	−0.096%	$67.5M	$170.4M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0411	−0.048%	—	$82.2M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0418	+0.019%	$678K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0364	−0.502%	$2.4M	$3.2M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0360	−0.539%	$169K	$4.7M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0361	−0.524%	$449K	$7.4M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0357	−0.566%	$236K	$472K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0429	+0.125%	$120K	$722K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0413	−0.029%	$47K	$244K	20x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0428	+0.115%	$2K	$1.8M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0415	−0.010%	$6K	$2.1M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0409	−0.067%	$605K	$19.8M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0402	−0.134%	$11.6M	$25.9M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0409	−0.066%	$1.5M	$4.1M	50x	as long as short
01 Exchange SUIUSD	+0.0104%	1h	1.0417	+0.010%	$9K	$3K	10x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0416	+0.005%	$40K	$16K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0152%	1h	1.0421	+0.048%	$989K	$14.6M	50x	as long as short
Phoenix SUI	+0.0221%	1h	1.0371	−0.429%	$206K	$595K	10x	as long as short
Hyperliquid SUI	+0.0286%	1h	1.0425	+0.086%	$75.0M	$80.1M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0628% / S −0.0278%	1h	1.0415	−0.008%	$983K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1082%	1h	1.0384	−0.306%	$82K	$383K	10x	as long as short