Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.024%
Price spread now: Phemex against Kalshi+0.091%7-day average +0.215% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$430.433% of the position
Funding, last 7 days+0.102%+$10 on $10k
+Price spread, last 4 days (all we have)−0.091%−$9 · spread now +0.091%, 7d avg +0.215%
=Funding pays, the price is against you. Phemex is 0.124% cheaper against Kalshi than usual: you would sell low and buy high (spread +0.091% now, against its 7-day average of +0.215%). If the spread goes back, that is −$12 on $10k: about 4.1 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.102% in total) that is about 8.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXSUIPERP | 1.0256 | 0 | get 0.0000% / 8h | 7h 26m | $492K | $5.1M | 2.5x |
| Short | Phemex SUIUSDT | 1.0265 | 0.0100 | get 0.0100% / 8h | 3h 26m | $11.8M | $27.0M | 50x |
Kalshi KXSUIPERP
Phemex SUIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Kalshi. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $21
- Price spread: +0.091% → +0.215%
- −$12.39
- Slippage, 4 orders
- −$21.28
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$34.67
- Costs to cover
- 0.433%
- Break-even
- 18.6 days
Slippage from Kalshi: live order book, 2 min ago; Phemex: live order book, 2 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, 2 min ago | 8.03 bp | 13.0 bp −$13 | 18.5 bp −$185 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 1.46 bp | 9.8 bp −$10 | 21.0 bp −$210 | 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 | −0.3470% | 1h | 1.0224 | −0.309% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0377% | 1h | 1.0260 | +0.039% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0200% | 1h | 1.0296 | +0.390% | $6K | $19K | 7x | as long as short |
| Kraken Futures PF_SUIUSD | −0.0067% | 1h | 1.0265 | +0.093% | $6.7M | $26.7M | 50x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0251 | −0.045% | $129K | $227K | 10x | as long as short |
| Kalshi KXSUIPERPlong | 0.0000% | 8h | 1.0256 | long leg | $492K | $5.1M | 2.5x | |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0261 | +0.052% | $199K | $572K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0261 | +0.052% | $115K | — | 150x | as long as short |
| Bluefin SUI-PERP | +0.0046% | 1h | 1.0248 | −0.075% | $588K | $407K | 25x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0265 | +0.091% | $776K | $5.4M | 10x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
Kraken Futures PF_SUIUSD
dYdX SUI-USD
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Bluefin SUI-PERP
Lighter SUIShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH SUI | +0.0096% | 1h | 1.0256 | +0.008% | $306K | $2.2M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0262 | +0.061% | $44K | $516K | 50x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0253 | −0.025% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0259 | +0.037% | $580K | $2.1M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0259 | +0.032% | $886K | $4.5M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0254 | −0.017% | $221K | $254K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0254 | −0.014% | $147.3M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0251 | −0.046% | $100.9M | $308.2M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0249 | −0.065% | $40.3M | $384.3M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0250 | −0.056% | $44K | $330K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0310 | +0.529% | $242K | $5K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0263 | +0.071% | $166.8M | $81.9M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0251 | −0.046% | $153.2M | $294.7M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0252 | −0.036% | $50.3M | $54.1M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0245 | −0.104% | $67.1M | $173.1M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0250 | −0.056% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0260 | +0.042% | $648K | $1.3M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0342 | +0.838% | $2.5M | $3.4M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0302 | +0.452% | $167K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0290 | +0.334% | $444K | $7.6M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0336 | +0.783% | $226K | $431K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0272 | +0.159% | $123K | $735K | 10x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0261 | +0.052% | $47K | $165K | 20x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0307 | +0.500% | $2K | $1.7M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0263 | +0.071% | $14K | $2.0M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0260 | +0.042% | $585K | $19.5M | 75x | as long as short |
| Phemex SUIUSDTshort | +0.0100% | 8h | 1.0265 | +0.091% | $11.8M | $27.0M | 50x | |
| Extended SUI-USD | +0.0104% | 1h | 1.0248 | −0.075% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0260 | +0.039% | $39K | $11K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0152% | 1h | 1.0264 | +0.081% | $9K | $3K | 10x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0267 | +0.110% | $7.8M | $24.6M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0248% | 1h | 1.0271 | +0.149% | $976K | $15.0M | 50x | as long as short |
| Hyperliquid SUI | +0.0392% | 1h | 1.0274 | +0.177% | $74.2M | $81.0M | 10x | as long as short |
| Phoenix SUI | +0.0408% | 1h | 1.0313 | +0.560% | $209K | $415K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0600% / S −0.0260% | 1h | 1.0261 | +0.049% | $937K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1505% | 1h | 1.0304 | +0.470% | $82K | $402K | 10x | as long as short |
Lighter RH SUI
Popdex SUIUSDT
Paradex SUI-USD-PERP
Nado SUI-PERP
Aster SUIUSDT
Pacifica SUI
Binance SUIUSDT
Bybit SUIUSDT
OKX SUI-USDT-SWAP
Arcus SUI-USD
Bulk SUI-USD
Gate SUI_USDT
MEXC SUI_USDT
KuCoin SUIUSDTM
Bitget SUIUSDT
BingX SUI-USDC
Backpack SUI_USDC_PERP
Variational Omni SUI
edgeX SUIUSDC
GRVT SUI_USDT_Perp
ApeX Omni SUIUSDT
Polymarket Perps SUI-USD
Orderly PERP_SUI_USDC
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Extended SUI-USD
Aevo SUI-PERP
01 Exchange SUIUSD
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Hyperliquid SUI
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD