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: Deribit against Kalshi+0.053%7-day average +0.249% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$470.468% of the position

Long on Kalshi Short on Deribit

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)−0.007%−$1 · spread now +0.053%, 7d avg +0.249%

Together, before fees+0.186%+$19 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: Deribit is 0.196% cheaper against Kalshi than usual: you would sell low and buy high, −$20 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	Kalshi KXSUIPERP	1.0413	0	get 0.0000% / 8h	2h 02m	$519K	$4.9M	2.5x
Short	Deribit SUI_USDC-PERPETUAL	1.0418	0	get 0.0000% / 1h	2m 52s	$202K	$577K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.053%Rate

Funding earned: $0
Price spread: +0.053% → +0.249%: −$19.65
Slippage, 4 orders: −$29.79
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$66.44
Costs to cover: 0.468%
Break-even: never at this rate

Slippage from Kalshi: live order book, 1 min ago; Deribit: 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 Kalshi live order book, 1 min ago	10.57 bp	15.6 bp −$16	20.3 bp −$203	doesn't fit	doesn't fit
Sell Deribit live order book, 1 min ago	3.36 bp	8.8 bp −$9	16.8 bp −$168	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	1.0252	−1.541%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0373%	1h	1.0399	−0.131%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0280%	1h	1.0404	−0.079%	$6K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0408	−0.043%	$95K	$169K	10x	as long as short
Kalshi KXSUIPERPlong	0.0000%	8h	1.0413	long leg	$519K	$4.9M	2.5x
Deribit SUI_USDC-PERPETUALshort	0.0000%	1h	1.0418	+0.053%	$202K	$577K	25x
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0409	−0.034%	$113K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0011%	1h	1.0423	+0.104%	$6.8M	$26.9M	50x	as long as short
Bluefin SUI-PERP	+0.0060%	1h	1.0404	−0.082%	$595K	$414K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0420	+0.072%	$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	1.0420	+0.072%	$278K	$2.1M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0407	−0.053%	$31K	$500K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0409	−0.038%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0409	−0.034%	$735K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0395	−0.168%	$912K	$4.8M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0410	−0.023%	$227K	$268K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0389	−0.226%	$152.0M	$1.04B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0388	−0.235%	$103.2M	$309.8M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0386	−0.255%	$41.0M	$387.0M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0410	−0.024%	$44K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0351	−0.591%	$243K	$4K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0388	−0.235%	$164.5M	$84.7M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0384	−0.274%	$150.7M	$301.5M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0386	−0.255%	$50.7M	$53.8M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0381	−0.303%	$67.6M	$170.1M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0386	−0.255%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0388	−0.235%	$710K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0364	−0.469%	$2.4M	$3.2M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0360	−0.505%	$169K	$4.7M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0371	−0.400%	$446K	$7.4M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0357	−0.533%	$236K	$472K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0418	+0.053%	$120K	$722K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0414	+0.014%	$47K	$243K	20x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0420	+0.072%	$2K	$1.8M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0423	+0.101%	$6K	$2.1M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0410	−0.024%	$603K	$19.8M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0397	−0.149%	$11.6M	$25.9M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0383	−0.284%	$1.4M	$4.1M	50x	as long as short
01 Exchange SUIUSD	+0.0104%	1h	1.0409	−0.034%	$9K	$3K	10x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0419	+0.066%	$40K	$16K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0152%	1h	1.0425	+0.120%	$987K	$14.6M	50x	as long as short
Phoenix SUI	+0.0221%	1h	1.0371	−0.396%	$206K	$595K	10x	as long as short
Hyperliquid SUI	+0.0295%	1h	1.0401	−0.106%	$74.9M	$80.1M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0627% / S −0.0278%	1h	1.0400	−0.116%	$982K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1091%	1h	1.0394	−0.181%	$82K	$383K	10x	as long as short