Funding you earn now, next payment 12:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Kalshi against Phemex+0.037%59s7-day average −0.202% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$480.483% of the position
Funding, last 7 days−0.102%−$10 on $10k
+Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.037%, 7d avg −0.202%
=The price spread pays, funding is against you. Kalshi is 0.238% dearer against Phemex than usual: you sell high and buy low (spread +0.037% now, against its 7-day average of −0.202%): +$24 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.9 days. At the pace of the last 7 days (−0.102% in total) that is about 16 days. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex SUIUSDT | 1.0111 | 0.0100 | pay 0.0100% / 8h | 7h 31m | $11.7M | $28.3M | 50x |
| Short | Kalshi KXSUIPERP | 1.0115 | 0 | get 0.0000% / 8h | 3h 31m | $375K | $4.2M | 2.5x |
Phemex SUIUSDT
Kalshi KXSUIPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Phemex. 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: +0.037% → −0.202%
- $23.84
- Slippage, 4 orders
- −$26.32
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$45.48
- Costs to cover
- 0.483%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; Kalshi: 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 Phemex live order book, 3 min ago | 0.99 bp | 13.2 bp −$13 | 30.4 bp −$304 | doesn't fit | doesn't fit |
| Sell Kalshi live order book, 2 min ago | 7.46 bp | 12.5 bp −$12 | 18.2 bp −$182 | 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 | −0.3240% | 1h | 1.0046 | −0.643% | $41K | $113K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0383% | 1h | 1.0098 | −0.133% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0168% | 1h | 1.0104 | −0.068% | $5K | $17K | 7x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0104 | −0.069% | $94K | $249K | 10x | as long as short |
| Kalshi KXSUIPERPshort | 0.0000% | 8h | 1.0115 | +0.037% | $375K | $4.2M | 2.5x | |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0102 | −0.089% | $194K | $536K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0100 | −0.109% | $114K | — | 150x | as long as short |
| 01 Exchange SUIUSD | +0.0080% | 1h | 1.0105 | −0.059% | $8K | $3K | 10x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0104 | −0.065% | $745K | $4.8M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0106 | −0.045% | $309K | $2.2M | 10x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
dYdX SUI-USD
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
01 Exchange SUIUSD
Lighter SUI
Lighter RH SUIShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex SUIUSDT | +0.0096% | 1h | 1.0103 | −0.079% | $45K | $531K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0101 | −0.099% | $46K | $504K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0104 | −0.067% | $26K | $7K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0104 | −0.069% | $671K | $2.2M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0104 | −0.067% | $900K | $4.2M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0105 | −0.059% | $215K | $251K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0101 | −0.104% | $144.5M | $977.2M | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0098 | −0.128% | $97.2M | $304.0M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0100 | −0.109% | $40.8M | $358.9M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0110 | −0.010% | $43K | $321K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0150 | +0.390% | $232K | $7K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0099 | −0.119% | $166.1M | $79.5M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0103 | −0.079% | $98.7M | $288.4M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0105 | −0.059% | $51.4M | $50.8M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0097 | −0.138% | $66.7M | $165.9M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0101 | −0.099% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0104 | −0.069% | $662K | $1.3M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0139 | +0.275% | $2.4M | $3.3M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0111 | −0.001% | $163K | $4.2M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0132 | +0.208% | $438K | $7.1M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0111 | 0.000% | $204K | $371K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0103 | −0.079% | $122K | $515K | 10x | as long as short |
| Bluefin SUI-PERP | +0.0100% | 1h | 1.0087 | −0.237% | $579K | $449K | 25x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0119 | +0.079% | $2K | $1.5M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0100 | −0.109% | $6K | $1.6M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0109 | −0.020% | $630K | $17.9M | 75x | as long as short |
| Phemex SUIUSDTlong | +0.0100% | 8h | 1.0111 | long leg | $11.7M | $28.3M | 50x | |
| Extended SUI-USD | +0.0104% | 1h | 1.0096 | −0.145% | $1.4M | $4.0M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0106 | −0.049% | $38K | $11K | 3x | as long as short |
| Hyperliquid SUI | +0.0112% | 1h | 1.0112 | +0.012% | $72.9M | $76.9M | 10x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0115 | +0.040% | $7.5M | $24.3M | 100x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0285% | 1h | 1.0102 | −0.085% | $6.8M | $21.4M | 50x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0360% | 1h | 1.0109 | −0.020% | $1.0M | $14.0M | 50x | as long as short |
| Phoenix SUI | +0.0426% | 1h | 1.0132 | +0.213% | $201K | $395K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0599% / S −0.0263% | 1h | 1.0104 | −0.070% | $929K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1174% | 1h | 1.0128 | +0.172% | $81K | $410K | 10x | as long as short |
Popdex SUIUSDT
Orderly PERP_SUI_USDC
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
Bluefin SUI-PERP
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Extended SUI-USD
Aevo SUI-PERP
Hyperliquid SUI
BloFin SUI-USDT
Kraken Futures PF_SUIUSD
Coinbase International SUI-PERP-INTX
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD