Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.029%
Price spread now: Backpack against Kalshi−0.082%7-day average +0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$400.398% of the position
Funding, last 7 days+0.201%+$20 on $10k
+Price spread, last 7 days+0.059%+$6 · spread now −0.082%, 7d avg +0.055%
=Funding pays, the price is against you. Backpack is 0.137% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.082% now, against its 7-day average of +0.055%). If the spread goes back, that is −$14 on $10k: about 4.6 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXSUIPERP | 1.0152 | 0 | get 0.0000% / 8h | 4h 15m | $388K | $4.2M | 2.5x |
| Short | Backpack SUI_USDC_PERP | 1.0144 | 0.0100 | get 0.0013% / 1h | 15m 47s | $668K | $1.3M | 20x |
Kalshi KXSUIPERP
Backpack SUI_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack 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: −0.082% → +0.055%
- −$13.66
- Slippage, 4 orders
- −$19.79
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$32.45
- Costs to cover
- 0.398%
- Break-even
- 17.8 days
Slippage from Kalshi: live order book, 3 min ago; Backpack: live order book, 3 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 | 9.16 bp | 14.2 bp −$14 | 19.0 bp −$190 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 3 min ago | 0.49 bp | 5.5 bp −$5 | 13.7 bp −$137 | 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 | 0.9983 | −1.668% | $41K | $113K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0381% | 1h | 1.0146 | −0.062% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0296% | 1h | 1.0146 | −0.059% | $5K | $19K | 7x | as long as short |
| Bluefin SUI-PERP | −0.0139% | 1h | 1.0137 | −0.151% | $581K | $454K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0153 | +0.010% | $95K | $257K | 10x | as long as short |
| Kalshi KXSUIPERPlong | 0.0000% | 8h | 1.0152 | long leg | $388K | $4.2M | 2.5x | |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0150 | −0.023% | $195K | $555K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0149 | −0.037% | $114K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0151 | −0.009% | $754K | $5.1M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0153 | +0.005% | $297K | $2.2M | 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
Lighter SUI
Lighter RH SUIShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex SUIUSDT | +0.0096% | 1h | 1.0153 | +0.007% | $43K | $528K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0148 | −0.042% | $47K | $253K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0155 | +0.026% | $27K | $8K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0158 | +0.056% | $676K | $2.2M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0150 | −0.023% | $901K | $4.2M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0158 | +0.056% | $216K | $253K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0148 | −0.044% | $146.0M | $990.8M | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0145 | −0.072% | $97.6M | $310.0M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0147 | −0.052% | $40.9M | $367.8M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0150 | −0.023% | $43K | $324K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0147 | −0.048% | $232K | $7K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0147 | −0.052% | $167.9M | $82.4M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0147 | −0.052% | $123.1M | $289.3M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0146 | −0.062% | $51.0M | $52.1M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0140 | −0.121% | $67.0M | $168.6M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0149 | −0.033% | — | $88.3M | — | as long as short |
| Backpack SUI_USDC_PERPshort | +0.0100% | 1h | 1.0144 | −0.082% | $668K | $1.3M | 20x | |
| Variational Omni SUI | +0.0100% | 8h | 1.0144 | −0.082% | $2.4M | $3.4M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0141 | −0.110% | $163K | $4.3M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0148 | −0.042% | $442K | $7.1M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0147 | −0.052% | $205K | $370K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0161 | +0.086% | $122K | $533K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0169 | +0.164% | $3K | $1.6M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0148 | −0.042% | $6K | $1.7M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0150 | −0.023% | $636K | $18.4M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0150 | −0.023% | $11.7M | $28.2M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0138 | −0.140% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0146 | −0.066% | $39K | $11K | 3x | as long as short |
| Hyperliquid SUI | +0.0105% | 1h | 1.0156 | +0.037% | $73.2M | $77.8M | 10x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0119% | 1h | 1.0151 | −0.014% | $6.8M | $21.6M | 50x | as long as short |
| 01 Exchange SUIUSD | +0.0136% | 1h | 1.0155 | +0.027% | $8K | $3K | 10x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0153 | +0.007% | $7.6M | $24.4M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0328% | 1h | 1.0169 | +0.164% | $1.0M | $14.4M | 50x | as long as short |
| Phoenix SUI | +0.0393% | 1h | 1.0156 | +0.038% | $202K | $400K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0601% / S −0.0263% | 1h | 1.0146 | −0.064% | $933K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1271% | 1h | 1.0141 | −0.106% | $82K | $409K | 10x | as long as short |
Popdex SUIUSDT
Orderly PERP_SUI_USDC
Paradex SUI-USD-PERP
Nado SUI-PERP
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-USDT
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
Phemex SUIUSDT
Extended SUI-USD
Aevo SUI-PERP
Hyperliquid SUI
Kraken Futures PF_SUIUSD
01 Exchange SUIUSD
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD