Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0100%/8hpaid last 24h +0.030%

Price spread now: ApeX Omni against Kalshi−0.558%78s7-day average +0.308% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$510.507% of the position

Long on Kalshi Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.208%+$21 on $10k

Price spread, last 3 days (all we have)+0.447%+$45 · spread now −0.558%, 7d avg +0.308%

Together, before fees+0.655%+$66 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.865% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.558% now, against its 7-day average of +0.308%). If the spread goes back, that is −$87 on $10k: about 29 days of funding at the current rate (+$3 a day). The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXSUIPERP	1.0222	0	get 0.0000% / 8h	21m 44s	$488K	$5.5M	2.5x
Short	ApeX Omni SUIUSDT	1.0165	0.0100	get 0.0013% / 1h	21m 44s	$243K	$449K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.558%Rate

Funding earned: $21
Price spread: −0.558% → +0.308%: −$86.53
Slippage, 4 orders: −$30.72
Fee Kalshi: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$116.25
Costs to cover: 0.507%
Break-even: 45.7 days

Slippage from Kalshi: live order book, 1 min ago; ApeX Omni: live order book, 10 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	9.09 bp	14.1 bp −$14	18.4 bp −$184	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 10 min ago	3.45 bp	12.2 bp −$12	46.2 bp −$462	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	−0.3420%	1h	1.0054	−1.644%	$41K	$42K	12x	as long as short
Hibachi SUI/USDT-P	−0.0456%	1h	1.0219	−0.030%	$6K	$19K	7x	as long as short
Reya SUIRUSDPERP	−0.0364%	1h	1.0214	−0.080%	$4K	$3K	20x	as long as short
Bluefin SUI-PERP	−0.0144%	1h	1.0208	−0.137%	$585K	$411K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0221	−0.009%	$93K	$104K	10x	as long as short
Kalshi KXSUIPERPlong	0.0000%	8h	1.0222	long leg	$488K	$5.5M	2.5x
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0221	−0.010%	$198K	$511K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0214	−0.080%	$120K	—	150x	as long as short
Orderly PERP_SUI_USDC	+0.0096%	8h	1.0213	−0.088%	$44K	$390K	20x	as long as short
Lighter SUI	+0.0096%	1h	1.0232	+0.094%	$802K	$5.8M	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	1.0226	+0.034%	$248K	$2.0M	10x	as long as short
01 Exchange SUIUSD	+0.0096%	1h	1.0222	0.000%	$8K	$8K	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0217	−0.049%	$35K	$502K	50x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0213	−0.088%	$597K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0230	+0.078%	$1.0M	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0221	−0.010%	$224K	$252K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0231	+0.088%	$152.3M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0226	+0.034%	$105.2M	$305.0M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0221	−0.010%	$41.8M	$384.1M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0220	−0.020%	$45K	$197K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0223	+0.010%	$165.1M	$80.9M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0227	+0.049%	$153.7M	$285.5M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0227	+0.049%	$52.0M	$48.4M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0214	−0.078%	$70.1M	$169.7M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0224	+0.020%	—	$79.6M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0219	−0.029%	$657K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0134	−0.856%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0157	−0.638%	$165K	$4.4M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0199	−0.228%	$444K	$6.8M	10x	as long as short
ApeX Omni SUIUSDTshort	+0.0100%	1h	1.0165	−0.558%	$243K	$449K	50x
Polymarket Perps SUI-USD	+0.0100%	1h	1.0220	−0.020%	$107K	$806K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0225	+0.029%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0214	−0.078%	$7K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0207	−0.147%	$634K	$18.9M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0211	−0.108%	$11.4M	$23.8M	50x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0212	−0.097%	$241K	−$0	10x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0218	−0.034%	$27K	$9K	30x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0225	+0.026%	$1.5M	$3.8M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0223	+0.014%	$48K	$38K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0216%	1h	1.0222	0.000%	$1.0M	$14.1M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0208	−0.137%	$8.2M	$22.5M	100x	as long as short
Hyperliquid SUI	+0.0281%	1h	1.0234	+0.117%	$73.4M	$83.6M	10x	as long as short
Phoenix SUI	+0.0300%	1h	1.0156	−0.643%	$183K	$576K	10x	as long as short
Kraken Futures PF_SUIUSD	+0.0424%	1h	1.0220	−0.017%	$6.9M	$23.7M	50x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0589% / S −0.0223%	1h	1.0214	−0.080%	$738K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0855%	1h	1.0182	−0.389%	$121K	$354K	10x	as long as short