Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0136%/8h= +14.9% APRpaid last 24h +0.155%

Price spread now: Kalshi against Hibachi−0.015%7-day average — · you buy dearer than you sell

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

Long on Hibachi Short on Kalshi

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi SUI/USDT-P	1.0213	−0.0136	get 0.0017% / 1h	5m 22s	$6K	$19K	7x
Short	Kalshi KXSUIPERP	1.0211	0	get 0.0000% / 8h	7h 05m	$478K	$5.0M	2.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Hibachi. 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 HibachibpFee KalshibpOrdersPrice spread, now −0.015%Rate

Funding earned: $28.56
Price spread: −0.015% → 0.000%: −$1.48
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Kalshi: 5 bp × 2 orders: −$10
Net: $8.08
Costs to cover: 0.190%
Break-even: 5.0 days

Slippage unknown: Hibachi: no order-book sample; Kalshi: live order book, 3 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 Hibachi no order-book sample	—	—	—	—	—
Sell Kalshi live order book, 3 min ago	7.00 bp	12.0 bp −$12	19.2 bp −$192	doesn't fit	doesn't fit

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	−0.3470%	1h	1.0136	−0.752%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0377%	1h	1.0203	−0.093%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-Plong	−0.0136%	1h	1.0213	long leg	$6K	$19K	7x
Kraken Futures PF_SUIUSD	−0.0068%	1h	1.0206	−0.065%	$6.7M	$24.8M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0208	−0.047%	$128K	$227K	10x	as long as short
Kalshi KXSUIPERPshort	0.0000%	8h	1.0211	−0.015%	$478K	$5.0M	2.5x
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0203	−0.096%	$198K	$572K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0209	−0.041%	$115K	—	150x	as long as short
Bluefin SUI-PERP	+0.0033%	1h	1.0190	−0.223%	$585K	$406K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0206	−0.068%	$773K	$5.5M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SUI	+0.0096%	1h	1.0208	−0.047%	$303K	$2.2M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0207	−0.057%	$46K	$517K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0211	−0.013%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0208	−0.052%	$578K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0205	−0.078%	$879K	$4.4M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0211	−0.018%	$221K	$252K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0209	−0.040%	$145.3M	$1.04B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0203	−0.092%	$100.4M	$309.0M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0201	−0.116%	$40.1M	$384.9M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0210	−0.027%	$43K	$330K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0243	+0.296%	$241K	$3K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0210	−0.027%	$167.1M	$83.4M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0209	−0.037%	$152.9M	$296.6M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0208	−0.047%	$50.2M	$54.0M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0201	−0.116%	$66.7M	$174.2M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0210	−0.027%	—	$82.1M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0215	+0.021%	$627K	$1.4M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0210	−0.030%	$2.4M	$3.4M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0207	−0.061%	$166K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0216	+0.032%	$437K	$7.5M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0210	−0.027%	$223K	$433K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0212	−0.008%	$137K	$741K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0200	−0.125%	$47K	$181K	20x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0233	+0.198%	$2K	$1.7M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0205	−0.076%	$14K	$2.0M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0205	−0.076%	$590K	$19.5M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0205	−0.076%	$11.7M	$27.2M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0200	−0.122%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0209	−0.036%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0136%	1h	1.0205	−0.076%	$9K	$3K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0211	−0.018%	$7.6M	$24.5M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0218	+0.051%	$985K	$15.0M	50x	as long as short
Hyperliquid SUI	+0.0335%	1h	1.0214	+0.008%	$73.4M	$80.7M	10x	as long as short
Phoenix SUI	+0.0408%	1h	1.0219	+0.065%	$214K	$415K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0595% / S −0.0258%	1h	1.0207	−0.053%	$928K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1455%	1h	1.0222	+0.085%	$82K	$405K	10x	as long as short