Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0472%/8h= +51.7% APRpaid last 24h 0.000%

Price spread now: HTX against ApeX Omni−0.654%76s7-day average −0.055% · 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—prices read too far apart to compare

costs, in and out, $10k−$450.446% of the position

Long on ApeX Omni Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 3 days (all we have)+0.676%+$68 · spread now −0.654%, 7d avg −0.055%

Together, before fees+0.678%+$68 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 0.599% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.654% now, against its 7-day average of −0.055%). If the spread goes back, that is −$60 on $10k: about 4.2 days of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.002% in total) that is about years. The two prices were read 76 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.002% in total (about 0.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SUIUSDT	1.0548	−0.0372	get 0.0047% / 1h	47m 57s	$233K	$491K	50x
Short	HTX SUI-USDT	1.0479	0.0100	get 0.0100% / 8h	6h 47m	$660K	$19.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against ApeX Omni. 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 ApeX OmnibpFee HTXbpOrdersPrice spread, now −0.654%Rate

Funding earned: $99.15
Price spread: −0.654% → −0.055%: −$59.91
Slippage, 4 orders: −$22.57
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$5.33
Costs to cover: 0.446%
Break-even: 7.4 days

Slippage from ApeX Omni: live order book, 20 min ago; HTX: live order book, 1 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 ApeX Omni live order book, 20 min ago	2.79 bp	10.8 bp −$11	36.3 bp −$363	doesn't fit	doesn't fit
Sell HTX live order book, 1 min ago	2.85 bp	12.8 bp −$13	15.8 bp −$158	33.5 bp −$3,349	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	−0.4499%	1h	1.0442	−1.005%	$43K	$123K	12x	as long as short
Hibachi SUI/USDT-P	−0.0512%	1h	1.0518	−0.285%	$6K	$19K	7x	as long as short
ApeX Omni SUIUSDTlong	−0.0372%	1h	1.0548	long leg	$233K	$491K	50x
Reya SUIRUSDPERP	−0.0372%	1h	1.0471	−0.726%	$4K	$3K	20x	as long as short
Bluefin SUI-PERP	−0.0153%	1h	1.0473	−0.711%	$599K	$419K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0512	−0.342%	$96K	$171K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0487	−0.579%	$549K	$5.0M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0489	−0.559%	$204K	$580K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0482	−0.623%	$114K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0011%	1h	1.0491	−0.541%	$7.2M	$25.7M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SUIUSD	+0.0072%	1h	1.0498	−0.474%	$9K	$9K	10x	as long as short
Lighter SUI	+0.0096%	1h	1.0489	−0.558%	$820K	$5.6M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0493	−0.522%	$276K	$2.1M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0496	−0.493%	$36K	$480K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0099%	8h	1.0487	−0.578%	$48K	$304K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0560	+0.113%	$28K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0486	−0.583%	$837K	$1.6M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0494	−0.515%	$962K	$5.0M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0512	−0.341%	$229K	$262K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0477	−0.673%	$152.6M	$1.05B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0481	−0.633%	$103.9M	$312.3M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0481	−0.635%	$41.3M	$395.9M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0500	−0.455%	$46K	$371K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0492	−0.531%	$169.3M	$82.8M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0474	−0.702%	$152.1M	$294.6M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0479	−0.654%	$51.3M	$54.0M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0472	−0.721%	$68.0M	$172.4M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0498	−0.474%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0490	−0.550%	$683K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0540	−0.077%	$2.4M	$3.2M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0494	−0.508%	$172K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0561	+0.126%	$463K	$7.6M	10x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0500	−0.455%	$121K	$731K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0499	−0.465%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0482	−0.626%	$6K	$2.2M	10x	as long as short
HTX SUI-USDTshort	+0.0100%	8h	1.0479	−0.654%	$660K	$19.6M	75x
Phemex SUIUSDT	+0.0100%	8h	1.0507	−0.389%	$11.6M	$25.5M	50x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0504	−0.416%	$247K	$3K	10x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0472	−0.722%	$1.5M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0491	−0.539%	$40K	$16K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0152%	1h	1.0501	−0.446%	$993K	$14.7M	50x	as long as short
Hyperliquid SUI	+0.0171%	1h	1.0506	−0.398%	$75.4M	$80.8M	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0524	−0.228%	$8.0M	$25.7M	100x	as long as short
Phoenix SUI	+0.0221%	1h	1.0579	+0.291%	$210K	$595K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0633% / S −0.0282%	1h	1.0484	−0.609%	$996K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0948%	1h	1.0531	−0.165%	$79K	$382K	10x	as long as short