Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1558%/8h= +170.7% APRpaid last 24h +0.253%

Price spread now: Aftermath Perps against Kalshi+0.222%7-day average +0.297% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$760.761% of the position

Long on Kalshi Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.873%+$87 on $10k

Price spread, last 4 days (all we have)−0.143%−$14 · spread now +0.222%, 7d avg +0.297%

Together, before fees+0.730%+$73 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aftermath Perps is 0.075% cheaper against Kalshi than usual: you would sell low and buy high (spread +0.222% now, against its 7-day average of +0.297%). If the spread goes back, that is −$7 on $10k: about 4 hours of funding at the current rate (+$47 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXSUIPERP	1.0393	0	get 0.0000% / 8h	44m 31s	$520K	$4.9M	2.5x
Short	Aftermath Perps SUIUSD	1.0416	0.1558	get 0.0195% / 1h	44m 31s	$83K	$395K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Kalshi. 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 KalshibpFee Aftermath PerpsbpOrdersPrice spread, now +0.222%Rate

Funding earned: $327.28
Price spread: +0.222% → +0.297%: −$7.49
Slippage, 4 orders: −$57.09
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $243.7
Costs to cover: 0.761%
Break-even: 1.8 days

Slippage from Kalshi: live order book, 4 min ago; Aftermath Perps: live order book, 20 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 Kalshi live order book, 4 min ago	9.17 bp	14.2 bp −$14	19.0 bp −$190	doesn't fit	doesn't fit
Sell Aftermath Perps live order book, 20 min ago	0.14 bp	24.0 bp −$24	34.2 bp −$342	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	−0.3244%	1h	1.0316	−0.738%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0375%	1h	1.0426	+0.317%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0296%	1h	1.0382	−0.100%	$6K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0389	−0.035%	$130K	$227K	10x	as long as short
Kalshi KXSUIPERPlong	0.0000%	8h	1.0393	long leg	$520K	$4.9M	2.5x
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0390	−0.026%	$202K	$574K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0389	−0.032%	$113K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0409	+0.159%	$829K	$5.5M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0385	−0.077%	$297K	$2.2M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0423	+0.292%	$40K	$516K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex SUI-USD-PERP	+0.0100%	8h	1.0392	−0.006%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0417	+0.234%	$691K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0385	−0.076%	$909K	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0396	+0.029%	$225K	$260K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0419	+0.251%	$151.7M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0416	+0.224%	$103.0M	$310.5M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0421	+0.272%	$41.2M	$389.6M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0420	+0.263%	$45K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0390	−0.026%	$244K	$6K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0405	+0.118%	$165.7M	$82.9M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0402	+0.089%	$151.1M	$293.6M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0395	+0.022%	$50.0M	$54.1M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0424	+0.301%	$68.2M	$171.5M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0408	+0.147%	—	$82.4M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0387	−0.055%	$679K	$1.4M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0394	+0.008%	$2.4M	$3.3M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0403	+0.101%	$170K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0403	+0.101%	$458K	$7.7M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0404	+0.109%	$232K	$486K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0416	+0.224%	$124K	$756K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0391	−0.016%	$48K	$194K	20x	as long as short
Bluefin SUI-PERP	+0.0100%	1h	1.0376	−0.161%	$594K	$401K	25x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0406	+0.128%	$2K	$1.8M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0385	−0.074%	$14K	$2.1M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0389	−0.036%	$572K	$19.7M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0392	−0.007%	$11.9M	$26.6M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0404	+0.112%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0391	−0.020%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0112%	1h	1.0419	+0.253%	$9K	$3K	10x	as long as short
Kraken Futures PF_SUIUSD	+0.0162%	1h	1.0387	−0.054%	$6.9M	$27.0M	50x	as long as short
Coinbase International SUI-PERP-INTX	+0.0216%	1h	1.0394	+0.013%	$998K	$15.0M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0396	+0.032%	$8.0M	$25.0M	100x	as long as short
Phoenix SUI	+0.0390%	1h	1.0402	+0.087%	$211K	$421K	10x	as long as short
Hyperliquid SUI	+0.0433%	1h	1.0392	−0.007%	$75.5M	$81.6M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0615% / S −0.0267%	1h	1.0388	−0.044%	$960K	—	100x	as long as short
Aftermath Perps SUIUSDshort	+0.1558%	1h	1.0416	+0.222%	$83K	$395K	10x