Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0328%/8h= +35.9% APRpaid last 24h +0.080%

Price spread now: Coinbase International against Kalshi+0.067%7-day average +0.289% · you sell dearer than you buy

Net, funding: paid 7d − costs+$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$540.541% of the position

Long on Kalshi Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.583%+$58 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.067%, 7d avg +0.289%

Together, before fees+0.587%+$59 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.222% cheaper against Kalshi than usual: you would sell low and buy high (spread +0.067% now, against its 7-day average of +0.289%). If the spread goes back, that is −$22 on $10k: about 2.3 days of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXSUIPERP	1.0202	0	get 0.0000% / 8h	8m 08s	$365K	$3.5M	2.5x
Short	Coinbase International SUI-PERP-INTX	1.0209	0.0328	get 0.0041% / 1h	8m 08s	$1.0M	$9.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.067%Rate

Funding earned: $68.88
Price spread: +0.067% → +0.289%: −$22.21
Slippage, 4 orders: −$34.06
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$7.38
Costs to cover: 0.541%
Break-even: 7.8 days

Slippage from Kalshi: live order book, 3 min ago; Coinbase International: 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 Kalshi live order book, 3 min ago	8.59 bp	13.6 bp −$14	17.2 bp −$172	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	5.89 bp	13.6 bp −$14	19.5 bp −$195	doesn't fit	doesn't fit

SUI on 46 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
Injective SUI/USDC PERP	−0.3437%	1h	0.9777	−4.168%	$40K	$113K	12x	as long as short
Reya SUIRUSDPERP	−0.0388%	1h	1.0179	−0.224%	$4K	$591	20x	as long as short
Hibachi SUI/USDT-P	−0.0240%	1h	1.0204	+0.023%	$6K	$11K	7x	as long as short
Bluefin SUI-PERP	−0.0104%	1h	1.0183	−0.188%	$586K	$394K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0185	−0.167%	$92K	$357K	10x	as long as short
Kalshi KXSUIPERPlong	0.0000%	8h	1.0202	long leg	$365K	$3.5M	2.5x
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0185	−0.169%	$194K	$485K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0185	−0.165%	$116K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0037%	1h	1.0191	−0.107%	$8.5M	$20.5M	50x	as long as short
01 Exchange SUIUSD	+0.0072%	1h	1.0186	−0.159%	$8K	$3K	10x	as long as short

Show all 46 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SUI	+0.0096%	1h	1.0187	−0.146%	$759K	$4.2M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0187	−0.147%	$331K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0184	−0.178%	$57K	$497K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0099%	8h	1.0184	−0.178%	$55K	$699K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0181	−0.207%	$27K	$2K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0184	−0.178%	$655K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0188	−0.141%	$914K	$3.2M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0189	−0.134%	$215K	$196K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0182	−0.203%	$143.7M	$820.3M	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0178	−0.232%	$97.8M	$250.5M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0177	−0.247%	$41.8M	$295.4M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0180	−0.218%	$45K	$312K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0186	−0.163%	$221K	$28K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0183	−0.188%	$168.8M	$62.4M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0185	−0.169%	$95.0M	$244.4M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0190	−0.120%	$50.3M	$43.7M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0180	−0.218%	$67.0M	$130.7M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0184	−0.178%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0181	−0.208%	$650K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0170	−0.319%	$2.4M	$2.4M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0186	−0.157%	$164K	$3.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0177	−0.247%	$442K	$6.7M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0173	−0.286%	$202K	$381K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0183	−0.188%	$71K	$543K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0199	−0.031%	$2K	$1.2M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0185	−0.169%	$6K	$1.3M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0187	−0.149%	$756K	$14.9M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0186	−0.159%	$11.7M	$27.5M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0181	−0.210%	$1.5M	$3.3M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0195	−0.069%	$39K	$11K	3x	as long as short
Hyperliquid SUI	+0.0105%	1h	1.0193	−0.093%	$72.9M	$56.9M	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0204	+0.018%	$7.5M	$21.3M	100x	as long as short
Coinbase International SUI-PERP-INTXshort	+0.0328%	1h	1.0209	+0.067%	$1.0M	$9.4M	50x
Phoenix SUI	+0.0332%	1h	1.0194	−0.081%	$202K	$309K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0609% / S −0.0268%	1h	1.0185	−0.167%	$949K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0917%	1h	1.0194	−0.081%	$93K	$326K	10x	as long as short