Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.024%
Price spread now: Phemex against Kalshi−0.014%7-day average +0.215% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$540.539% of the position
Funding, last 7 days+0.102%+$10 on $10k
+Price spread, last 4 days (all we have)+0.014%+$1 · spread now −0.014%, 7d avg +0.215%
=Funding pays, the price is against you. Phemex is 0.229% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.014% now, against its 7-day average of +0.215%). If the spread goes back, that is −$23 on $10k: about 7.6 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.102% in total) that is about 16 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXSUIPERP | 1.0349 | 0 | get 0.0000% / 8h | 7h 43m | $484K | $5.0M | 2.5x |
| Short | Phemex SUIUSDT | 1.0347 | 0.0100 | get 0.0100% / 8h | 3h 43m | $11.9M | $26.9M | 50x |
Kalshi KXSUIPERP
Phemex SUIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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: −0.014% → +0.215%
- −$22.9
- Slippage, 4 orders
- −$31.92
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$55.83
- Costs to cover
- 0.539%
- Break-even
- 25.6 days
Slippage from Kalshi: live order book, 5 min ago; Phemex: live order book, 5 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, 5 min ago | 9.26 bp | 14.3 bp −$14 | 20.1 bp −$201 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 0.97 bp | 9.4 bp −$9 | 19.1 bp −$191 | 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 | −0.3470% | 1h | 1.0250 | −0.952% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0376% | 1h | 1.0336 | −0.117% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0280% | 1h | 1.0333 | −0.151% | $6K | $19K | 7x | as long as short |
| Kraken Futures PF_SUIUSD | −0.0067% | 1h | 1.0351 | +0.021% | $6.8M | $26.8M | 50x | as long as short |
| Bluefin SUI-PERP | −0.0003% | 1h | 1.0329 | −0.188% | $591K | $406K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0346 | −0.025% | $130K | $227K | 10x | as long as short |
| Kalshi KXSUIPERPlong | 0.0000% | 8h | 1.0349 | long leg | $484K | $5.0M | 2.5x | |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0345 | −0.034% | $201K | $572K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0342 | −0.059% | $116K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0346 | −0.023% | $792K | $5.4M | 10x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
Kraken Futures PF_SUIUSD
Bluefin SUI-PERP
dYdX SUI-USD
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Lighter SUIShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH SUI | +0.0096% | 1h | 1.0349 | +0.005% | $299K | $2.2M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0343 | −0.053% | $43K | $514K | 50x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0341 | −0.075% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0339 | −0.087% | $585K | $2.0M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0349 | +0.005% | $905K | $4.5M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0345 | −0.036% | $224K | $259K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0343 | −0.055% | $149.5M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0346 | −0.024% | $101.7M | $309.5M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0342 | −0.063% | $40.5M | $388.1M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0350 | +0.014% | $44K | $330K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0369 | +0.198% | $244K | $5K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0347 | −0.014% | $170.3M | $81.2M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0346 | −0.024% | $152.3M | $292.8M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0346 | −0.024% | $50.2M | $54.2M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0344 | −0.043% | $67.4M | $172.5M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0348 | −0.005% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0352 | +0.034% | $654K | $1.4M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0337 | −0.114% | $2.5M | $3.4M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0326 | −0.215% | $169K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0308 | −0.390% | $448K | $7.6M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0330 | −0.179% | $226K | $430K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0354 | +0.053% | $124K | $745K | 10x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0341 | −0.072% | $48K | $138K | 20x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0329 | −0.188% | $2K | $1.7M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0350 | +0.014% | $14K | $2.1M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0346 | −0.024% | $575K | $19.6M | 75x | as long as short |
| Phemex SUIUSDTshort | +0.0100% | 8h | 1.0347 | −0.014% | $11.9M | $26.9M | 50x | |
| Extended SUI-USD | +0.0104% | 1h | 1.0339 | −0.090% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0354 | +0.049% | $39K | $11K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0144% | 1h | 1.0350 | +0.014% | $9K | $3K | 10x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0349 | +0.005% | $7.8M | $24.8M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0248% | 1h | 1.0354 | +0.053% | $979K | $15.1M | 50x | as long as short |
| Phoenix SUI | +0.0408% | 1h | 1.0379 | +0.297% | $210K | $415K | 10x | as long as short |
| Hyperliquid SUI | +0.0446% | 1h | 1.0356 | +0.072% | $74.8M | $81.5M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0611% / S −0.0267% | 1h | 1.0346 | −0.028% | $955K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1506% | 1h | 1.0356 | +0.073% | $83K | $402K | 10x | as long as short |
Lighter RH SUI
Popdex SUIUSDT
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-USDC
Backpack SUI_USDC_PERP
Variational Omni SUI
edgeX SUIUSDC
GRVT SUI_USDT_Perp
ApeX Omni SUIUSDT
Polymarket Perps SUI-USD
Orderly PERP_SUI_USDC
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Extended SUI-USD
Aevo SUI-PERP
01 Exchange SUIUSD
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Phoenix SUI
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD