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: Phemex against Kalshi+0.035%7-day average +0.195% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$510.512% of the position
Funding, last 7 days+0.102%+$10 on $10k
+Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.035%, 7d avg +0.195%
=Funding pays, the price is against you. Phemex is 0.160% cheaper against Kalshi than usual: you would sell low and buy high (spread +0.035% now, against its 7-day average of +0.195%). If the spread goes back, that is −$16 on $10k: about 5.3 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 11 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXSUIPERP | 1.0136 | 0 | get 0.0000% / 8h | 43m 16s | $364K | $3.6M | 2.5x |
| Short | Phemex SUIUSDT | 1.0140 | 0.0100 | get 0.0100% / 8h | 4h 43m | $11.7M | $27.7M | 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: +0.035% → +0.195%
- −$16.04
- Slippage, 4 orders
- −$29.21
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$46.25
- Costs to cover
- 0.512%
- Break-even
- 22.4 days
Slippage from Kalshi: live order book, 3 min ago; Phemex: live order book, 4 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, 3 min ago | 9.45 bp | 14.5 bp −$14 | 19.1 bp −$191 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 2.47 bp | 12.7 bp −$13 | 23.7 bp −$237 | 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 | −0.3437% | 1h | 0.9949 | −1.850% | $41K | $113K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0387% | 1h | 1.0132 | −0.044% | $4K | $591 | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0240% | 1h | 1.0119 | −0.176% | $5K | $16K | 7x | as long as short |
| Bluefin SUI-PERP | −0.0154% | 1h | 1.0128 | −0.084% | $582K | $398K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0128 | −0.084% | $92K | $357K | 10x | as long as short |
| Kalshi KXSUIPERPlong | 0.0000% | 8h | 1.0136 | long leg | $364K | $3.6M | 2.5x | |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0141 | +0.044% | $193K | $488K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0137 | +0.010% | $115K | — | 150x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0037% | 1h | 1.0148 | +0.117% | $6.9M | $18.9M | 50x | as long as short |
| 01 Exchange SUIUSD | +0.0064% | 1h | 1.0132 | −0.044% | $8K | $3K | 10x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
Bluefin SUI-PERP
dYdX SUI-USD
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Kraken Futures PF_SUIUSD
01 Exchange SUIUSDShow all 46 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter SUI | +0.0096% | 1h | 1.0145 | +0.082% | $743K | $4.1M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0147 | +0.102% | $330K | $2.0M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0131 | −0.054% | $54K | $510K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0099% | 8h | 1.0139 | +0.025% | $55K | $699K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0129 | −0.073% | $26K | $2K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0130 | −0.069% | $652K | $1.9M | 10x | as long as short |
| Hyperliquid SUI | +0.0100% | 1h | 1.0147 | +0.104% | $72.6M | $59.6M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0145 | +0.080% | $911K | $3.3M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0133 | −0.038% | $214K | $201K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0143 | +0.063% | $142.6M | $844.3M | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0140 | +0.035% | $97.5M | $256.4M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0145 | +0.084% | $41.4M | $302.7M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0130 | −0.064% | $44K | $309K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0111 | −0.253% | $219K | $34K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0138 | +0.015% | $167.7M | $62.1M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0144 | +0.074% | $95.3M | $241.3M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0145 | +0.084% | $51.0M | $44.4M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0140 | +0.035% | $66.4M | $134.7M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0138 | +0.015% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0122 | −0.143% | $641K | $1.1M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0079 | −0.568% | $2.4M | $2.5M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0104 | −0.318% | $162K | $3.6M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0118 | −0.187% | $435K | $6.7M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0111 | −0.252% | $201K | $383K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0136 | −0.005% | $71K | $546K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0145 | +0.084% | $2K | $1.2M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0142 | +0.054% | $7K | $1.3M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0138 | +0.015% | $753K | $15.5M | 75x | as long as short |
| Phemex SUIUSDTshort | +0.0100% | 8h | 1.0140 | +0.035% | $11.7M | $27.7M | 50x | |
| Extended SUI-USD | +0.0104% | 1h | 1.0138 | +0.016% | $1.5M | $3.3M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0141 | +0.049% | $38K | $11K | 3x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0145 | +0.084% | $7.4M | $22.0M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0328% | 1h | 1.0149 | +0.123% | $997K | $10.0M | 50x | as long as short |
| Phoenix SUI | +0.0332% | 1h | 1.0120 | −0.162% | $200K | $309K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0607% / S −0.0268% | 1h | 1.0137 | +0.009% | $944K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0913% | 1h | 1.0112 | −0.240% | $92K | $360K | 10x | as long as short |
Lighter SUI
Lighter RH SUI
Popdex SUIUSDT
Orderly PERP_SUI_USDC
Paradex SUI-USD-PERP
Nado SUI-PERP
Hyperliquid SUI
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
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Extended SUI-USD
Aevo SUI-PERP
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD