Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: SoDEX against ApeX Omni−0.221%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$430.431% of the position

Long on ApeX Omni Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.002%$0 on $10k

Price spread, last 3 days (all we have)+0.253%+$25 · spread now −0.221%, 7d avg −0.069%

Together, before fees+0.250%+$25 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.152% cheaper against ApeX Omni than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SUIUSDT	1.0409	0.0100	pay 0.0013% / 1h	0m 38s	$237K	$472K	50x
Short	SoDEX SUI-USD	1.0386	0.0100	get 0.0013% / 1h	0m 38s	$6K	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.221%Rate

Funding earned: $0
Price spread: −0.221% → −0.069%: −$15.23
Slippage, 4 orders: −$25.1
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$58.32
Costs to cover: 0.431%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 2 min ago; SoDEX: 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 ApeX Omni live order book, 2 min ago	6.24 bp	12.8 bp −$13	34.9 bp −$349	doesn't fit	doesn't fit
Sell SoDEX live order book, 3 min ago	0.96 bp	10.0 bp −$10	17.9 bp −$179	101.9 bp −$10.2K	doesn't fit

SUI on 45 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	1.0252	−1.508%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0373%	1h	1.0375	−0.323%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0280%	1h	1.0400	−0.091%	$6K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0375	−0.327%	$95K	$169K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0392	−0.163%	$521K	$4.9M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0388	−0.202%	$202K	$577K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0383	−0.250%	$113K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0012%	1h	1.0387	−0.207%	$6.8M	$26.9M	50x	as long as short
Bluefin SUI-PERP	+0.0057%	1h	1.0374	−0.336%	$594K	$414K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0378	−0.302%	$819K	$5.7M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SUI	+0.0096%	1h	1.0383	−0.254%	$277K	$2.1M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0371	−0.365%	$31K	$501K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0373	−0.346%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0367	−0.403%	$717K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0382	−0.258%	$911K	$4.8M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0378	−0.298%	$226K	$268K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0372	−0.359%	$151.7M	$1.04B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0370	−0.374%	$102.9M	$309.3M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0369	−0.384%	$40.9M	$385.3M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0380	−0.279%	$44K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0351	−0.557%	$243K	$4K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0373	−0.346%	$164.2M	$84.7M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0374	−0.336%	$150.8M	$301.6M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0377	−0.307%	$50.5M	$53.7M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0367	−0.403%	$67.4M	$169.9M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0373	−0.346%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0382	−0.259%	$710K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0383	−0.253%	$2.4M	$3.2M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0405	−0.039%	$169K	$4.7M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0385	−0.230%	$455K	$7.5M	10x	as long as short
ApeX Omni SUIUSDTlong	+0.0100%	1h	1.0409	long leg	$237K	$472K	50x
Polymarket Perps SUI-USD	+0.0100%	1h	1.0386	−0.221%	$120K	$722K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0382	−0.259%	$47K	$243K	20x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0392	−0.163%	$2K	$1.8M	30x	as long as short
SoDEX SUI-USDshort	+0.0100%	1h	1.0386	−0.221%	$6K	$2.1M	10x
HTX SUI-USDT	+0.0100%	8h	1.0377	−0.307%	$597K	$19.9M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0387	−0.211%	$11.6M	$25.9M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0373	−0.345%	$1.4M	$4.1M	50x	as long as short
01 Exchange SUIUSD	+0.0104%	1h	1.0373	−0.346%	$9K	$3K	10x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0386	−0.222%	$39K	$16K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0152%	1h	1.0386	−0.221%	$977K	$14.6M	50x	as long as short
Phoenix SUI	+0.0221%	1h	1.0426	+0.163%	$207K	$595K	10x	as long as short
Hyperliquid SUI	+0.0313%	1h	1.0396	−0.125%	$74.9M	$80.2M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0627% / S −0.0278%	1h	1.0383	−0.250%	$980K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1116%	1h	1.0394	−0.140%	$82K	$383K	10x	as long as short