Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.036%

Price spread now: Kalshi against 01 Exchange+0.027%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Kalshi is 0.027% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.027% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange SUIUSD	1.0394	0.0096	pay 0.0012% / 1h	12m 40s	$9K	$2K	10x
Short	Kalshi KXSUIPERP	1.0397	0	get 0.0000% / 8h	12m 40s	$492K	$5.0M	2.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against 01 Exchange. 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 01 ExchangebpFee KalshibpOrdersPrice spread, now +0.027%Rate

Funding earned: −$20.16
Price spread: +0.027% → 0.000%: $2.69
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$34.47
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Kalshi: live order book, 1 min ago. Net counts fees only.

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 01 Exchange no order-book sample	—	—	—	—	—
Sell Kalshi live order book, 1 min ago	8.51 bp	13.5 bp −$14	18.4 bp −$184	doesn't fit	doesn't fit

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1.0301	−0.895%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0376%	1h	1.0396	+0.018%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0320%	1h	1.0375	−0.186%	$6K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0398	+0.038%	$130K	$227K	10x	as long as short
Kalshi KXSUIPERPshort	0.0000%	8h	1.0397	+0.027%	$492K	$5.0M	2.5x
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0403	+0.087%	$202K	$573K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0397	+0.030%	$116K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0404	+0.100%	$828K	$5.6M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0404	+0.091%	$302K	$2.2M	10x	as long as short
01 Exchange SUIUSDlong	+0.0096%	1h	1.0394	long leg	$9K	$2K	10x

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex SUIUSDT	+0.0096%	1h	1.0390	−0.038%	$42K	$516K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0403	+0.082%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0393	−0.005%	$585K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0400	+0.060%	$910K	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0400	+0.061%	$225K	$260K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0401	+0.067%	$150.7M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0405	+0.106%	$102.1M	$311.0M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0401	+0.067%	$41.0M	$390.1M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0390	−0.038%	$44K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0380	−0.137%	$244K	$6K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0399	+0.048%	$169.0M	$84.2M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0405	+0.106%	$153.5M	$298.1M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0401	+0.067%	$50.1M	$54.0M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0394	0.000%	$68.0M	$172.6M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0398	+0.038%	—	$82.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0398	+0.038%	$663K	$1.4M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0374	−0.195%	$2.5M	$3.4M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0370	−0.234%	$170K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0372	−0.215%	$449K	$7.6M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0373	−0.202%	$230K	$433K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0402	+0.077%	$124K	$752K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0398	+0.038%	$48K	$165K	20x	as long as short
Bluefin SUI-PERP	+0.0100%	1h	1.0400	+0.058%	$595K	$406K	25x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0374	−0.192%	$2K	$1.7M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0402	+0.077%	$14K	$2.1M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0389	−0.048%	$579K	$19.6M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0393	−0.010%	$11.9M	$26.8M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0396	+0.016%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0404	+0.100%	$39K	$11K	3x	as long as short
Kraken Futures PF_SUIUSD	+0.0162%	1h	1.0403	+0.088%	$6.9M	$27.0M	50x	as long as short
Coinbase International SUI-PERP-INTX	+0.0216%	1h	1.0399	+0.048%	$974K	$15.0M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0403	+0.087%	$7.9M	$24.9M	100x	as long as short
Hyperliquid SUI	+0.0360%	1h	1.0411	+0.164%	$75.5M	$81.5M	10x	as long as short
Phoenix SUI	+0.0390%	1h	1.0388	−0.063%	$211K	$421K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0614% / S −0.0267%	1h	1.0397	+0.031%	$961K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1482%	1h	1.0402	+0.076%	$83K	$398K	10x	as long as short