Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h +0.001%

Price spread now: gTrade (Gains Network) against Kalshi−0.033%71s7-day average +0.160% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$3053.051% of the position

Long on Kalshi Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.029%−$3 · spread now −0.033%, 7d avg +0.160%

Together, before fees−0.026%−$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: gTrade (Gains Network) is 0.193% cheaper against Kalshi than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.160%. The two prices were read 71 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	Kalshi KXSUIPERP	1.0139	0	get 0.0000% / 8h	1h 44m	$377K	$3.7M	2.5x
Short	gTrade (Gains Network) SUI/USD	1.0136	L +0.0003% / S −0.0003%	get 0.0000% / 1h	44m 04s	$115K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.033%Rate

Funding earned: $0.55
Price spread: −0.033% → +0.160%: −$19.28
Slippage, 4 orders: −$285.07
Fee Kalshi: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$323.8
Costs to cover: 3.051%
Break-even: 4149.3 days

Slippage from Kalshi: live order book, 2 min ago; gTrade (Gains Network): virtual book (oracle exchange), 3 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	8.62 bp	13.6 bp −$14	17.1 bp −$171	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle exchange), 3 min ago	130.02 bp	135.0 bp −$135	814.5 bp −$8,145	doesn't fit	doesn't fit

SUI on 46 exchanges

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	−0.3324%	1h	1.0075	−0.631%	$41K	$113K	12x	as long as short
Hibachi SUI/USDT-P	−0.0400%	1h	1.0128	−0.113%	$5K	$16K	7x	as long as short
Reya SUIRUSDPERP	−0.0385%	1h	1.0128	−0.112%	$4K	$3K	20x	as long as short
Bluefin SUI-PERP	−0.0222%	1h	1.0129	−0.099%	$583K	$406K	25x	as long as short
Kraken Futures PF_SUIUSD	−0.0042%	1h	1.0149	+0.095%	$6.9M	$19.6M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0130	−0.089%	$95K	$241K	10x	as long as short
Kalshi KXSUIPERPlong	0.0000%	8h	1.0139	long leg	$377K	$3.7M	2.5x
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0144	+0.049%	$193K	$500K	25x	as long as short
gTrade (Gains Network) SUI/USDshort	L +0.0003% / S −0.0003%	1h	1.0136	−0.033%	$115K	—	150x
01 Exchange SUIUSD	+0.0024%	1h	1.0132	−0.069%	$8K	$3K	10x	as long as short

Show all 46 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SUI	+0.0096%	1h	1.0144	+0.047%	$737K	$4.5M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0147	+0.075%	$326K	$2.1M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0131	−0.079%	$55K	$516K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0099%	8h	1.0140	+0.010%	$55K	$700K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0127	−0.116%	$26K	$2K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0131	−0.084%	$658K	$2.0M	10x	as long as short
Hyperliquid SUI	+0.0100%	1h	1.0156	+0.168%	$72.7M	$66.2M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0147	+0.079%	$903K	$3.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0134	−0.053%	$216K	$207K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0147	+0.079%	$143.3M	$867.6M	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0144	+0.049%	$97.0M	$267.1M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0145	+0.059%	$41.0M	$313.9M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0130	−0.089%	$44K	$311K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0148	+0.086%	$232K	$8K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0145	+0.059%	$167.7M	$67.7M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0148	+0.089%	$95.9M	$246.1M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0150	+0.108%	$50.3M	$45.6M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0143	+0.039%	$66.5M	$139.8M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0147	+0.079%	—	$83.8M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0147	+0.079%	$649K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0142	+0.029%	$2.4M	$2.7M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0144	+0.049%	$163K	$3.8M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0146	+0.074%	$439K	$6.7M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0145	+0.059%	$203K	$385K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0133	−0.059%	$120K	$478K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0146	+0.069%	$2K	$1.3M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0143	+0.039%	$6K	$1.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0137	−0.020%	$748K	$16.6M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0145	+0.059%	$11.7M	$28.2M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0136	−0.028%	$1.5M	$3.5M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0145	+0.056%	$39K	$11K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0135	−0.039%	$7.5M	$22.4M	100x	as long as short
Phoenix SUI	+0.0250%	1h	1.0146	+0.069%	$202K	$318K	10x	as long as short
Coinbase International SUI-PERP-INTX	+0.0312%	1h	1.0170	+0.306%	$1.0M	$11.1M	50x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0607% / S −0.0268%	1h	1.0132	−0.066%	$945K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0878%	1h	1.0151	+0.117%	$92K	$417K	10x	as long as short