Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Kalshi against dYdX+0.068%7-day average −0.169% · you sell dearer than you buy

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1461.456% of the position

Long on dYdX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.124%−$12 · spread now +0.068%, 7d avg −0.169%

Together, before fees−0.128%−$13 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 0.237% dearer against dYdX than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of −0.169%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX SUI-USD	1.0504	0	get 0.0000% / 1h	32m 55s	$96K	$169K	10x
Short	Kalshi KXSUIPERP	1.0511	0	get 0.0000% / 8h	3h 32m	$483K	$5.0M	2.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against dYdX. 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 dYdXbpFee KalshibpOrdersPrice spread, now +0.068%Rate

Funding earned: $0
Price spread: +0.068% → −0.169%: $23.66
Slippage, 4 orders: −$125.63
Fee dYdX: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$121.97
Costs to cover: 1.456%
Break-even: never at this rate

Slippage from dYdX: live order book, 61 min ago; Kalshi: live order book, 1 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 dYdX live order book, 61 min ago	55.81 bp	60.8 bp −$61	86.2 bp −$862	158.9 bp −$15.9K	225.7 bp −$112.8K
Sell Kalshi live order book, 1 min ago	7.00 bp	12.0 bp −$12	18.3 bp −$183	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	−0.3416%	1h	1.0330	−1.657%	$42K	$123K	12x	as long as short
Bluefin SUI-PERP	−0.0674%	1h	1.0476	−0.267%	$601K	$409K	25x	as long as short
Hibachi SUI/USDT-P	−0.0432%	1h	1.0507	+0.025%	$6K	$18K	7x	as long as short
Reya SUIRUSDPERP	−0.0371%	1h	1.0494	−0.095%	$4K	$3K	20x	as long as short
Phemex SUIUSDT	−0.0040%	8h	1.0492	−0.114%	$11.8M	$25.1M	50x	as long as short
dYdX SUI-USDlong	0.0000%	1h	1.0504	long leg	$96K	$169K	10x
Kalshi KXSUIPERPshort	0.0000%	8h	1.0511	+0.068%	$483K	$5.0M	2.5x
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0493	−0.105%	$204K	$583K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0492	−0.114%	$121K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0038%	1h	1.0495	−0.085%	$7.3M	$23.8M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SUIUSD	+0.0080%	1h	1.0503	−0.010%	$9K	$9K	10x	as long as short
Lighter SUI	+0.0096%	1h	1.0495	−0.082%	$813K	$5.8M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0497	−0.064%	$275K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0506	+0.019%	$29K	$486K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0489	−0.143%	$47K	$313K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0509	+0.052%	$28K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0501	−0.024%	$667K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0498	−0.059%	$1.0M	$4.8M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0509	+0.048%	$228K	$256K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0495	−0.084%	$155.9M	$1.02B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0498	−0.057%	$105.2M	$304.9M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0493	−0.105%	$42.1M	$386.9M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0520	+0.152%	$47K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0450	−0.517%	$246K	$813	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0502	−0.019%	$169.3M	$80.8M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0501	−0.029%	$154.5M	$293.6M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0489	−0.143%	$51.2M	$52.7M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0492	−0.114%	$69.1M	$165.8M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0496	−0.076%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0489	−0.143%	$677K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0488	−0.154%	$2.4M	$2.9M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0495	−0.085%	$171K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0526	+0.205%	$458K	$7.4M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0479	−0.238%	$241K	$479K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0507	+0.029%	$120K	$756K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0524	+0.190%	$3K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0493	−0.105%	$6K	$2.3M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0482	−0.209%	$646K	$18.5M	75x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0497	−0.063%	$1.5M	$3.9M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0496	−0.077%	$40K	$16K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0200%	1h	1.0499	−0.048%	$1.0M	$14.4M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0500	−0.038%	$8.1M	$24.4M	100x	as long as short
Phoenix SUI	+0.0299%	1h	1.0513	+0.083%	$208K	$590K	10x	as long as short
Hyperliquid SUI	+0.0395%	1h	1.0507	+0.029%	$76.5M	$79.0M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0639% / S −0.0324%	1h	1.0491	−0.123%	$913K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0876%	1h	1.0481	−0.215%	$94K	$368K	10x	as long as short