Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.1367%/8h= +149.7% APRpaid last 24h +0.287%

Price spread now: Aftermath Perps against Kalshi−0.084%7-day average +0.286% · 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−$124as in the Price arb table

costs, in and out, $10k−$870.869% of the position

Long on Kalshi Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.927%+$93 on $10k

Price spread, last 4 days (all we have)+0.141%+$14 · spread now −0.084%, 7d avg +0.286%

Together, before fees+1.068%+$107 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aftermath Perps is 0.370% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.084% now, against its 7-day average of +0.286%). If the spread goes back, that is −$37 on $10k: about 22 hours of funding at the current rate (+$41 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXSUIPERP	1.0183	0	get 0.0000% / 8h	5h 22m	$373K	$4.9M	2.5x
Short	Aftermath Perps SUIUSD	1.0175	0.1367	get 0.0171% / 1h	22m 55s	$82K	$410K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now −0.084%Rate

Funding earned: $287.14
Price spread: −0.084% → +0.286%: −$36.99
Slippage, 4 orders: −$67.93
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $163.22
Costs to cover: 0.869%
Break-even: 3.0 days

Slippage from Kalshi: live order book, 1 min ago; Aftermath Perps: live order book, 26 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, 1 min ago	8.40 bp	13.4 bp −$13	17.8 bp −$178	doesn't fit	doesn't fit
Sell Aftermath Perps live order book, 26 min ago	0.05 bp	26.8 bp −$27	34.9 bp −$349	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	−0.3536%	1h	1.0080	−1.012%	$41K	$113K	12x	as long as short
Reya SUIRUSDPERP	−0.0380%	1h	1.0166	−0.168%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0240%	1h	1.0182	−0.012%	$5K	$21K	7x	as long as short
Bluefin SUI-PERP	−0.0086%	1h	1.0162	−0.207%	$583K	$424K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0178	−0.050%	$95K	$258K	10x	as long as short
Kalshi KXSUIPERPlong	0.0000%	8h	1.0183	long leg	$373K	$4.9M	2.5x
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0178	−0.050%	$196K	$563K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0176	−0.074%	$115K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0178	−0.049%	$787K	$5.3M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0178	−0.049%	$298K	$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	1.0167	−0.158%	$37K	$521K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0176	−0.070%	$47K	$217K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0178	−0.055%	$27K	$8K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0164	−0.188%	$536K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0184	+0.005%	$899K	$4.3M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0181	−0.022%	$218K	$260K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0183	+0.003%	$145.7M	$1.01B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0183	−0.001%	$98.6M	$315.0M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0186	+0.028%	$41.2M	$377.1M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0170	−0.129%	$43K	$328K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0119	−0.628%	$238K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0182	−0.011%	$167.4M	$83.5M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0184	+0.009%	$152.7M	$292.3M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0184	+0.009%	$50.1M	$52.8M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0181	−0.021%	$67.0M	$172.2M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0184	+0.009%	—	$86.8M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0176	−0.070%	$669K	$1.3M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0199	+0.153%	$2.4M	$3.5M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0162	−0.208%	$163K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0172	−0.109%	$440K	$7.2M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0168	−0.148%	$223K	$379K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0174	−0.089%	$127K	$673K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0182	−0.011%	$2K	$1.6M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0178	−0.050%	$5K	$1.8M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0172	−0.109%	$627K	$18.5M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0182	−0.011%	$11.8M	$28.2M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0182	−0.015%	$1.4M	$4.0M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0182	−0.012%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0192%	1h	1.0170	−0.129%	$9K	$2K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0173	−0.099%	$7.5M	$24.5M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0280%	1h	1.0198	+0.146%	$1.0M	$14.7M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0365%	1h	1.0178	−0.049%	$6.8M	$22.3M	50x	as long as short
Phoenix SUI	+0.0431%	1h	1.0208	+0.246%	$202K	$413K	10x	as long as short
Hyperliquid SUI	+0.0439%	1h	1.0196	+0.132%	$73.3M	$81.3M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0601% / S −0.0263%	1h	1.0175	−0.079%	$935K	—	100x	as long as short
Aftermath Perps SUIUSDshort	+0.1367%	1h	1.0175	−0.084%	$82K	$410K	10x