Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.036%

Price spread now: Kalshi against 01 Exchange+0.286%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Kalshi is 0.286% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.286% now, against zero (this spread has no 7-day history yet)): +$29 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 9.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange SUIUSD	1.0372	0.0096	pay 0.0012% / 1h	21m 23s	$9K	$3K	10x
Short	Kalshi KXSUIPERP	1.0402	0	get 0.0000% / 8h	2h 21m	$508K	$5.1M	2.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against 01 Exchange. 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 01 ExchangebpFee KalshibpOrdersPrice spread, now +0.286%Rate

Funding earned: −$20.16
Price spread: +0.286% → 0.000%: $28.63
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$8.53
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: 01 Exchange: no order-book sample; Kalshi: live order book, 2 min ago. 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Kalshi live order book, 2 min ago	6.89 bp	11.9 bp −$12	19.2 bp −$192	doesn't fit	doesn't fit

01 Exchange: 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 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	1.0236	−1.311%	$42K	$123K	12x	as long as short
Hibachi SUI/USDT-P	−0.0400%	1h	1.0399	+0.256%	$6K	$19K	7x	as long as short
Reya SUIRUSDPERP	−0.0372%	1h	1.0370	−0.016%	$4K	$3K	20x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0363	−0.087%	$94K	$171K	10x	as long as short
Kalshi KXSUIPERPshort	0.0000%	8h	1.0402	+0.286%	$508K	$5.1M	2.5x
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0392	+0.193%	$202K	$578K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0378	+0.061%	$113K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0012%	1h	1.0388	+0.155%	$6.8M	$27.0M	50x	as long as short
Bluefin SUI-PERP	+0.0079%	1h	1.0363	−0.087%	$593K	$416K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0371	−0.009%	$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	1.0369	−0.026%	$276K	$2.1M	10x	as long as short
01 Exchange SUIUSDlong	+0.0096%	1h	1.0372	long leg	$9K	$3K	10x
Popdex SUIUSDT	+0.0096%	1h	1.0376	+0.039%	$31K	$493K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0380	+0.076%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0379	+0.067%	$748K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0378	+0.056%	$911K	$5.0M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0368	−0.042%	$226K	$269K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0378	+0.058%	$151.8M	$1.05B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0378	+0.060%	$103.0M	$312.6M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0376	+0.039%	$41.0M	$391.5M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0380	+0.077%	$44K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0400	+0.270%	$245K	$3K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0378	+0.058%	$164.0M	$84.3M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0380	+0.077%	$149.8M	$299.6M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0375	+0.029%	$51.7M	$53.7M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0373	+0.010%	$67.5M	$171.6M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0380	+0.077%	—	$82.3M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0384	+0.116%	$693K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0418	+0.441%	$2.4M	$3.2M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0378	+0.057%	$169K	$4.7M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0394	+0.212%	$449K	$7.5M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0381	+0.087%	$237K	$501K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0383	+0.106%	$120K	$725K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0375	+0.029%	$47K	$250K	20x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0415	+0.415%	$2K	$1.8M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0386	+0.135%	$6K	$2.2M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0400	+0.270%	$646K	$19.8M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0387	+0.145%	$11.6M	$25.8M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0367	−0.046%	$1.5M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0380	+0.077%	$39K	$16K	3x	as long as short
Hyperliquid SUI	+0.0144%	1h	1.0383	+0.106%	$74.3M	$80.5M	10x	as long as short
Coinbase International SUI-PERP-INTX	+0.0152%	1h	1.0402	+0.289%	$996K	$14.6M	50x	as long as short
Phoenix SUI	+0.0221%	1h	1.0410	+0.367%	$206K	$595K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0614% / S −0.0271%	1h	1.0378	+0.053%	$963K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1045%	1h	1.0388	+0.153%	$79K	$380K	10x	as long as short