Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0264%/8h= −28.9% APRpaid last 24h −0.146%

Price spread now: Hibachi against Kalshi+0.073%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 0.073% dearer against Kalshi than usual: you sell high and buy low (spread +0.073% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXSUIPERP	1.0145	0	get 0.0000% / 8h	4h 04m	$390K	$4.2M	2.5x
Short	Hibachi SUI/USDT-P	1.0152	−0.0264	pay 0.0033% / 1h	4m 02s	$5K	$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

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 HibachibpOrdersPrice spread, now +0.073%Rate

Funding earned: −$55.44
Price spread: +0.073% → 0.000%: $7.28
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$67.16
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	7.09 bp	12.1 bp −$12	16.7 bp −$167	30.6 bp −$3,059	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	−0.2780%	1h	1.0055	−0.883%	$41K	$113K	12x	as long as short
Reya SUIRUSDPERP	−0.0382%	1h	1.0129	−0.156%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-Pshort	−0.0264%	1h	1.0152	+0.073%	$5K	$19K	7x
Bluefin SUI-PERP	−0.0084%	1h	1.0119	−0.252%	$580K	$454K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0138	−0.065%	$95K	$257K	10x	as long as short
Kalshi KXSUIPERPlong	0.0000%	8h	1.0145	long leg	$390K	$4.2M	2.5x
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0134	−0.104%	$195K	$554K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0130	−0.147%	$114K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0136	−0.087%	$748K	$5.1M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0138	−0.064%	$297K	$2.2M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex SUIUSDT	+0.0096%	1h	1.0135	−0.095%	$44K	$528K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0129	−0.154%	$47K	$318K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0139	−0.055%	$27K	$8K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0128	−0.159%	$674K	$2.2M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0133	−0.110%	$899K	$4.2M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0140	−0.045%	$216K	$252K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0134	−0.108%	$145.7M	$987.7M	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0133	−0.114%	$97.6M	$308.1M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0132	−0.124%	$40.9M	$365.8M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0140	−0.045%	$43K	$324K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0161	+0.161%	$233K	$7K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0132	−0.124%	$167.7M	$82.6M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0133	−0.114%	$105.0M	$292.6M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0133	−0.114%	$50.9M	$51.9M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0129	−0.154%	$66.9M	$167.4M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0132	−0.124%	—	$88.3M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0131	−0.134%	$667K	$1.3M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0138	−0.064%	$2.4M	$3.4M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0154	+0.095%	$163K	$4.2M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0154	+0.093%	$435K	$7.0M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0157	+0.122%	$205K	$371K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0139	−0.055%	$122K	$533K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0149	+0.043%	$2K	$1.6M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0132	−0.124%	$7K	$1.7M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0133	−0.114%	$639K	$18.2M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0134	−0.104%	$11.7M	$28.2M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0130	−0.148%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0132	−0.125%	$38K	$11K	3x	as long as short
Kraken Futures PF_SUIUSD	+0.0119%	1h	1.0136	−0.086%	$6.8M	$21.5M	50x	as long as short
Hyperliquid SUI	+0.0123%	1h	1.0142	−0.026%	$73.1M	$77.6M	10x	as long as short
01 Exchange SUIUSD	+0.0136%	1h	1.0136	−0.085%	$8K	$3K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0155	+0.103%	$7.6M	$24.4M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0328%	1h	1.0174	+0.290%	$1.0M	$14.3M	50x	as long as short
Phoenix SUI	+0.0393%	1h	1.0168	+0.227%	$202K	$400K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0601% / S −0.0263%	1h	1.0129	−0.156%	$931K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1263%	1h	1.0147	+0.028%	$82K	$409K	10x	as long as short