SUI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.024%

Price spread now: Kalshi against Phemex−0.229%7-day average −0.204% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$470.466% of the position

Long on Phemex Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.102%−$10 on $10k

Price spread, last 4 days (all we have)+0.232%+$23 · spread now −0.229%, 7d avg −0.204%

Together, before fees+0.130%+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kalshi is 0.025% cheaper against Phemex than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.204%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SUIUSDT	1.0116	0.0100	pay 0.0100% / 8h	34m 17s	$11.7M	$28.2M	50x
Short	Kalshi KXSUIPERP	1.0093	0	get 0.0000% / 8h	4h 34m	$386K	$4.3M	2.5x

Funding 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 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 PhemexbpFee KalshibpOrdersPrice spread, now −0.229%Rate

Funding earned: −$21
Price spread: −0.229% → −0.204%: −$2.49
Slippage, 4 orders: −$24.63
Fee Phemex: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$70.12
Costs to cover: 0.466%
Break-even: never at this rate

Slippage from Phemex: live order book, 5 min ago; Kalshi: 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 Phemex live order book, 5 min ago	0.99 bp	11.6 bp −$12	25.8 bp −$258	doesn't fit	doesn't fit
Sell Kalshi live order book, 4 min ago	8.04 bp	13.0 bp −$13	18.4 bp −$184	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	−0.2780%	1h	1.0059	−0.563%	$41K	$113K	12x	as long as short
Reya SUIRUSDPERP	−0.0381%	1h	1.0120	+0.036%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0336%	1h	1.0115	−0.009%	$5K	$20K	7x	as long as short
Bluefin SUI-PERP	−0.0239%	1h	1.0107	−0.089%	$580K	$430K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0102	−0.138%	$95K	$257K	10x	as long as short
Kalshi KXSUIPERPshort	0.0000%	8h	1.0093	−0.229%	$386K	$4.3M	2.5x
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0122	+0.061%	$114K	—	150x	as long as short
Deribit SUI_USDC-PERPETUAL	+0.0046%	1h	1.0124	+0.079%	$195K	$556K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0120	+0.042%	$757K	$5.1M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0119	+0.028%	$296K	$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	1.0124	+0.079%	$41K	$526K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0119	+0.030%	$47K	$248K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0101	−0.145%	$26K	$8K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0116	+0.002%	$676K	$2.2M	10x	as long as short
Hyperliquid SUI	+0.0100%	1h	1.0133	+0.171%	$73.0M	$78.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0116	+0.004%	$893K	$4.2M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0103	−0.129%	$215K	$255K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0116	0.000%	$145.8M	$997.0M	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0112	−0.038%	$97.8M	$311.4M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0112	−0.040%	$40.9M	$367.6M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0120	+0.040%	$43K	$326K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0138	+0.220%	$238K	$454	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0123	+0.069%	$167.7M	$82.0M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0115	−0.010%	$150.8M	$283.8M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0126	+0.099%	$49.9M	$52.1M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0117	+0.010%	$66.8M	$169.1M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0123	+0.069%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0109	−0.069%	$671K	$1.4M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0111	−0.054%	$2.4M	$3.4M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0123	+0.067%	$163K	$4.3M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0149	+0.326%	$442K	$7.1M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0121	+0.049%	$222K	$360K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0130	+0.138%	$122K	$540K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0138	+0.217%	$3K	$1.6M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0116	0.000%	$6K	$1.7M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0117	+0.010%	$634K	$18.4M	75x	as long as short
Phemex SUIUSDTlong	+0.0100%	8h	1.0116	long leg	$11.7M	$28.2M	50x
Extended SUI-USD	+0.0104%	1h	1.0116	−0.003%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0140	+0.235%	$38K	$11K	3x	as long as short
Kraken Futures PF_SUIUSD	+0.0119%	1h	1.0121	+0.049%	$6.8M	$21.8M	50x	as long as short
01 Exchange SUIUSD	+0.0144%	1h	1.0127	+0.109%	$8K	$3K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0112	−0.040%	$7.6M	$24.3M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0328%	1h	1.0141	+0.247%	$1.0M	$14.4M	50x	as long as short
Phoenix SUI	+0.0393%	1h	1.0145	+0.287%	$201K	$400K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0600% / S −0.0263%	1h	1.0113	−0.027%	$931K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1295%	1h	1.0140	+0.241%	$82K	$409K	10x	as long as short