Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.031%

Price spread now: Extended against Kalshi+0.040%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$370.372% of the position

Long on Kalshi Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.248%+$25 on $10k

Price spread, last 7 days−0.185%−$19 · spread now +0.040%, 7d avg +0.060%

Together, before fees+0.063%+ Points / potential airdropExtended: Active · farm board+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.060%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXSUIPERP	1.0257	0	get 0.0000% / 8h	5h 25m	$457K	$5.5M	2.5x
Short	Extended SUI-USD	1.0261	0.0104	get 0.0013% / 1h	25m 10s	$1.4M	$3.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.040%Rate

Funding earned: $21.84
Price spread: +0.040% → +0.060%: −$1.99
Slippage, 4 orders: −$22.17
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$17.32
Costs to cover: 0.372%
Break-even: 12.6 days

Slippage from Kalshi: live order book, 3 min ago; Extended: 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	8.14 bp	13.1 bp −$13	18.0 bp −$180	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	0.49 bp	5.3 bp −$5	8.2 bp −$82	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	−0.2926%	1h	1.0179	−0.760%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0368%	1h	1.0257	−0.002%	$4K	$3K	20x	as long as short
Bluefin SUI-PERP	−0.0223%	1h	1.0248	−0.088%	$588K	$407K	25x	as long as short
Hibachi SUI/USDT-P	−0.0192%	1h	1.0244	−0.131%	$6K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0250	−0.072%	$93K	$66K	10x	as long as short
Kalshi KXSUIPERPlong	0.0000%	8h	1.0257	long leg	$457K	$5.5M	2.5x
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0264	+0.068%	$190K	$562K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0259	+0.021%	$119K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0264	+0.071%	$787K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0268	+0.105%	$259K	$2.0M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex SUIUSDT	+0.0096%	1h	1.0258	+0.010%	$37K	$500K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0098%	8h	1.0259	+0.019%	$45K	$371K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0245	−0.118%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0254	−0.029%	$592K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0262	+0.045%	$1.0M	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0246	−0.105%	$223K	$263K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0262	+0.053%	$151.3M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0265	+0.078%	$102.9M	$307.0M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0264	+0.068%	$40.9M	$383.8M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0250	−0.068%	$45K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0242	−0.146%	$241K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0266	+0.088%	$165.1M	$80.8M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0263	+0.058%	$148.8M	$296.6M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0256	−0.010%	$51.5M	$52.2M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0262	+0.049%	$67.4M	$168.6M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0266	+0.088%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0265	+0.078%	$651K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0256	−0.008%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0258	+0.011%	$165K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0268	+0.110%	$445K	$7.0M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0266	+0.088%	$233K	$441K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0264	+0.068%	$107K	$792K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0272	+0.146%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0263	+0.058%	$7K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0255	−0.019%	$627K	$18.6M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0259	+0.019%	$11.5M	$24.7M	50x	as long as short
Extended SUI-USDshort	+0.0104%	1h	1.0261	+0.040%	$1.4M	$3.7M	50x
01 Exchange SUIUSD	+0.0104%	1h	1.0256	−0.010%	$9K	$9K	10x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0262	+0.051%	$48K	$37K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0262	+0.049%	$8.0M	$23.8M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0267	+0.097%	$968K	$13.9M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0296%	1h	1.0268	+0.104%	$7.2M	$24.2M	50x	as long as short
Phoenix SUI	+0.0346%	1h	1.0270	+0.126%	$203K	$574K	10x	as long as short
Hyperliquid SUI	+0.0516%	1h	1.0280	+0.224%	$73.3M	$81.1M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0637% / S −0.0309%	1h	1.0259	+0.015%	$896K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0729%	1h	1.0267	+0.096%	$94K	$382K	10x	as long as short