Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0328%/8h= −35.9% APRpaid last 24h −0.159%

Price spread now: Hibachi against Kalshi+0.057%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kalshi Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds both histories

The price spread pays, funding is against you. Hibachi is 0.057% dearer against Kalshi than usual: you sell high and buy low (spread +0.057% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXSUIPERP	1.0375	0	get 0.0000% / 8h	4h 44m	$464K	$5.4M	2.5x
Short	Hibachi SUI/USDT-P	1.0381	−0.0328	pay 0.0041% / 1h	44m 59s	$6K	$19K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Kalshi. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 HibachibpOrdersPrice spread, now +0.057%Rate

Funding earned: −$68.88
Price spread: +0.057% → 0.000%: $5.66
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$82.22
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Kalshi: live order book, 4 min ago; Hibachi: no order-book sample. Net counts fees only.

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	8.22 bp	13.2 bp −$13	18.1 bp −$181	doesn't fit	doesn't fit
Sell Hibachi no order-book sample	—	—	—	—	—

Hibachi: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.3474%	1h	1.0207	−1.618%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0369%	1h	1.0361	−0.136%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-Pshort	−0.0328%	1h	1.0381	+0.057%	$6K	$19K	7x
dYdX SUI-USD	0.0000%	1h	1.0372	−0.031%	$95K	$66K	10x	as long as short
Kalshi KXSUIPERPlong	0.0000%	8h	1.0375	long leg	$464K	$5.4M	2.5x
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0367	−0.076%	$201K	$581K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0363	−0.115%	$120K	—	150x	as long as short
Bluefin SUI-PERP	+0.0004%	1h	1.0351	−0.230%	$593K	$405K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0369	−0.061%	$797K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0370	−0.043%	$261K	$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
01 Exchange SUIUSD	+0.0096%	1h	1.0362	−0.124%	$9K	$9K	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0360	−0.144%	$38K	$496K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0099%	8h	1.0363	−0.115%	$46K	$329K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0367	−0.074%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0360	−0.144%	$598K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0368	−0.070%	$1.0M	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0374	−0.012%	$225K	$260K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0353	−0.211%	$152.2M	$1.02B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0355	−0.188%	$103.8M	$306.9M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0352	−0.221%	$41.3M	$386.6M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0360	−0.144%	$46K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0371	−0.039%	$244K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0359	−0.153%	$166.0M	$80.9M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0355	−0.192%	$149.6M	$289.9M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0351	−0.230%	$51.7M	$52.2M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0349	−0.250%	$67.9M	$168.8M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0353	−0.211%	—	$81.7M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0360	−0.144%	$660K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0378	+0.032%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0361	−0.136%	$169K	$4.4M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0356	−0.187%	$450K	$6.9M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0352	−0.221%	$235K	$441K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0370	−0.047%	$108K	$778K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0378	+0.030%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0364	−0.105%	$7K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0369	−0.057%	$642K	$18.5M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0363	−0.115%	$11.6M	$24.8M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0351	−0.229%	$1.4M	$3.8M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0371	−0.037%	$49K	$37K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0369	−0.057%	$7.9M	$24.2M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0224%	1h	1.0367	−0.076%	$987K	$14.0M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0272%	1h	1.0370	−0.052%	$7.2M	$24.1M	50x	as long as short
Phoenix SUI	+0.0327%	1h	1.0364	−0.105%	$205K	$593K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0640% / S −0.0309%	1h	1.0363	−0.118%	$905K	—	100x	as long as short
Hyperliquid SUI	+0.0698%	1h	1.0376	+0.011%	$74.8M	$80.8M	10x	as long as short
Aftermath Perps SUIUSD	+0.0810%	1h	1.0357	−0.176%	$94K	$381K	10x	as long as short