Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0360%/8h= +39.4% APRpaid last 24h +0.085%

Price spread now: Coinbase International against Kalshi−0.123%7-day average +0.296% · you buy dearer than you sell

Net, funding: paid 7d − costs+$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$550.554% of the position

Long on Kalshi Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.577%+$58 on $10k

Price spread, last 4 days (all we have)+0.179%+$18 · spread now −0.123%, 7d avg +0.296%

Together, before fees+0.756%+$76 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.419% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.123% now, against its 7-day average of +0.296%). If the spread goes back, that is −$42 on $10k: about 3.9 days of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXSUIPERP	1.0259	0	get 0.0000% / 8h	3h 17m	$383K	$4.1M	2.5x
Short	Coinbase International SUI-PERP-INTX	1.0246	0.0360	get 0.0045% / 1h	17m 18s	$1.0M	$13.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.123%Rate

Funding earned: $75.6
Price spread: −0.123% → +0.296%: −$41.85
Slippage, 4 orders: −$35.41
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$21.66
Costs to cover: 0.554%
Break-even: 9.0 days

Slippage from Kalshi: live order book, 1 min ago; Coinbase International: live order book, 2 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	8.98 bp	14.0 bp −$14	18.4 bp −$184	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	3.42 bp	10.8 bp −$11	18.1 bp −$181	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	−0.3240%	1h	1.0007	−2.453%	$41K	$113K	12x	as long as short
Reya SUIRUSDPERP	−0.0383%	1h	1.0229	−0.288%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0192%	1h	1.0226	−0.317%	$5K	$17K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0241	−0.176%	$96K	$245K	10x	as long as short
Kalshi KXSUIPERPlong	0.0000%	8h	1.0259	long leg	$383K	$4.1M	2.5x
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0244	−0.142%	$197K	$530K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0241	−0.175%	$116K	—	150x	as long as short
01 Exchange SUIUSD	+0.0072%	1h	1.0237	−0.211%	$8K	$3K	10x	as long as short
Bluefin SUI-PERP	+0.0075%	1h	1.0229	−0.289%	$587K	$440K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0245	−0.136%	$757K	$4.9M	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	1.0245	−0.134%	$310K	$2.2M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0238	−0.201%	$48K	$532K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0240	−0.181%	$47K	$512K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0251	−0.070%	$27K	$5K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0231	−0.269%	$673K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0245	−0.135%	$910K	$4.2M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0243	−0.155%	$218K	$248K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0242	−0.166%	$146.1M	$962.6M	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0238	−0.197%	$98.7M	$299.1M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0238	−0.201%	$41.3M	$356.3M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0240	−0.181%	$43K	$315K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0219	−0.386%	$234K	$7K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0239	−0.191%	$169.0M	$80.0M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0240	−0.181%	$99.8M	$290.9M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0244	−0.142%	$52.2M	$49.7M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0238	−0.201%	$67.7M	$162.6M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0240	−0.181%	—	$86.9M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0242	−0.162%	$672K	$1.3M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0237	−0.210%	$2.4M	$3.3M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0225	−0.329%	$165K	$4.2M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0213	−0.445%	$440K	$7.0M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0233	−0.250%	$207K	$356K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0234	−0.240%	$123K	$512K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0247	−0.113%	$2K	$1.5M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0241	−0.172%	$6K	$1.5M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0245	−0.133%	$640K	$17.6M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0238	−0.201%	$11.8M	$28.4M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0235	−0.226%	$1.4M	$4.0M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0251	−0.070%	$39K	$11K	3x	as long as short
Hyperliquid SUI	+0.0157%	1h	1.0245	−0.137%	$73.8M	$76.1M	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0232	−0.259%	$7.5M	$24.4M	100x	as long as short
Kraken Futures PF_SUIUSD	+0.0281%	1h	1.0243	−0.149%	$6.9M	$21.3M	50x	as long as short
Coinbase International SUI-PERP-INTXshort	+0.0360%	1h	1.0246	−0.123%	$1.0M	$13.6M	50x
Phoenix SUI	+0.0426%	1h	1.0232	−0.255%	$204K	$395K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0602% / S −0.0263%	1h	1.0241	−0.169%	$941K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1095%	1h	1.0209	−0.488%	$80K	$412K	10x	as long as short