Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.024%
Price spread now: Kalshi against Phemex−0.020%7-day average −0.220% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$540.542% of the position
Funding, last 7 days−0.102%−$10 on $10k
+Price spread, last 4 days (all we have)+0.028%+$3 · spread now −0.020%, 7d avg −0.220%
=The price spread pays, funding is against you. Kalshi is 0.200% dearer against Phemex than usual: you sell high and buy low (spread −0.020% now, against its 7-day average of −0.220%): +$20 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.7 days. At the pace of the last 7 days (−0.102% in total) that is about 14 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex SUIUSDT | 1.0361 | 0.0100 | pay 0.0100% / 8h | 4h 35m | $11.9M | $26.7M | 50x |
| Short | Kalshi KXSUIPERP | 1.0359 | 0 | get 0.0000% / 8h | 35m 11s | $504K | $5.0M | 2.5x |
Phemex SUIUSDT
Kalshi KXSUIPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Phemex. 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: −0.020% → −0.220%
- $19.95
- Slippage, 4 orders
- −$32.15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$55.2
- Costs to cover
- 0.542%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 4 min ago; Kalshi: 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 Phemex live order book, 4 min ago | 2.41 bp | 9.4 bp −$9 | 24.5 bp −$245 | doesn't fit | doesn't fit |
| Sell Kalshi live order book, 3 min ago | 8.86 bp | 13.9 bp −$14 | 19.0 bp −$190 | 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 | −0.3244% | 1h | 1.0320 | −0.396% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0375% | 1h | 1.0356 | −0.044% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0304% | 1h | 1.0322 | −0.379% | $6K | $19K | 7x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0363 | +0.020% | $130K | $227K | 10x | as long as short |
| Kalshi KXSUIPERPshort | 0.0000% | 8h | 1.0359 | −0.020% | $504K | $5.0M | 2.5x | |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0355 | −0.053% | $116K | — | 150x | as long as short |
| Deribit SUI_USDC-PERPETUAL | +0.0039% | 1h | 1.0370 | +0.087% | $201K | $574K | 25x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0372 | +0.110% | $824K | $5.5M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0373 | +0.116% | $302K | $2.2M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0360 | −0.010% | $40K | $516K | 50x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
dYdX SUI-USD
gTrade (Gains Network) SUI/USD
Deribit SUI_USDC-PERPETUAL
Lighter SUI
Lighter RH SUI
Popdex SUIUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0356 | −0.044% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0365 | +0.039% | $575K | $2.1M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0360 | −0.010% | $907K | $4.6M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0359 | −0.024% | $224K | $260K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0370 | +0.086% | $151.2M | $1.04B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0366 | +0.048% | $102.5M | $310.9M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0364 | +0.029% | $41.1M | $388.4M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0360 | −0.010% | $44K | $373K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0390 | +0.280% | $244K | $6K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0367 | +0.058% | $166.2M | $83.3M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0364 | +0.029% | $154.8M | $295.3M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0364 | +0.029% | $49.7M | $54.2M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0363 | +0.019% | $67.6M | $171.9M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0367 | +0.058% | — | $82.4M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0367 | +0.058% | $662K | $1.4M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0322 | −0.379% | $2.5M | $3.4M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0354 | −0.064% | $169K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0352 | −0.086% | $448K | $7.7M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0346 | −0.145% | $231K | $486K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0368 | +0.068% | $122K | $756K | 10x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0364 | +0.029% | $48K | $188K | 20x | as long as short |
| Bluefin SUI-PERP | +0.0100% | 1h | 1.0351 | −0.097% | $593K | $401K | 25x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0368 | +0.068% | $2K | $1.8M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0370 | +0.087% | $14K | $2.1M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0370 | +0.087% | $570K | $19.7M | 75x | as long as short |
| Phemex SUIUSDTlong | +0.0100% | 8h | 1.0361 | long leg | $11.9M | $26.7M | 50x | |
| Extended SUI-USD | +0.0104% | 1h | 1.0364 | +0.028% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0372 | +0.101% | $39K | $11K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0120% | 1h | 1.0359 | −0.019% | $9K | $3K | 10x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0162% | 1h | 1.0372 | +0.103% | $6.8M | $27.0M | 50x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0216% | 1h | 1.0365 | +0.039% | $990K | $15.0M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0366 | +0.048% | $7.9M | $24.9M | 100x | as long as short |
| Phoenix SUI | +0.0390% | 1h | 1.0381 | +0.194% | $211K | $421K | 10x | as long as short |
| Hyperliquid SUI | +0.0396% | 1h | 1.0378 | +0.164% | $75.4M | $81.6M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0614% / S −0.0267% | 1h | 1.0352 | −0.083% | $957K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1526% | 1h | 1.0374 | +0.123% | $83K | $397K | 10x | as long as short |
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
Backpack SUI_USDC_PERP
Variational Omni SUI
edgeX SUIUSDC
GRVT SUI_USDT_Perp
ApeX Omni SUIUSDT
Polymarket Perps SUI-USD
Orderly PERP_SUI_USDC
Bluefin SUI-PERP
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Extended SUI-USD
Aevo SUI-PERP
01 Exchange SUIUSD
Kraken Futures PF_SUIUSD
Coinbase International SUI-PERP-INTX
BloFin SUI-USDT
Phoenix SUI
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD