Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: Bybit against Backpack+0.019%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$310.311% of the position

Long on Backpack Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 4 days (all we have)+0.185%+$18 · spread now +0.019%, 7d avg +0.011%

Together, before fees+0.117%+$12 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack SUI_USDC_PERP	1.0186	0.0100	pay 0.0013% / 1h	16m 56s	$642K	$1.2M	20x
Short	Bybit SUIUSDT	1.0188	0.0100	get 0.0100% / 8h	2h 16m	$102.1M	$306.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Backpack. 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 BackpackbpFee BybitbpOrdersPrice spread, now +0.019%Rate

Funding earned: $0
Price spread: +0.019% → +0.011%: $0.8
Slippage, 4 orders: −$10.11
Fee Backpack: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$30.31
Costs to cover: 0.311%
Break-even: never at this rate

Slippage from Backpack: live order book, 2 min ago; Bybit: live order book, 2 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 Backpack live order book, 2 min ago	0.98 bp	6.0 bp −$6	8.3 bp −$83	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.49 bp	11.0 bp −$11	18.2 bp −$182	40.5 bp −$4,052	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	−0.2398%	1h	1.0068	−1.158%	$41K	$123K	12x	as long as short
Hibachi SUI/USDT-P	−0.0496%	1h	1.0191	+0.050%	$6K	$18K	7x	as long as short
Reya SUIRUSDPERP	−0.0367%	1h	1.0190	+0.036%	$4K	$3K	20x	as long as short
Bluefin SUI-PERP	−0.0115%	1h	1.0174	−0.118%	$583K	$405K	25x	as long as short
Kraken Futures PF_SUIUSD	−0.0022%	1h	1.0194	+0.083%	$7.0M	$24.0M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0189	+0.033%	$93K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0188	+0.024%	$457K	$5.5M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0194	+0.079%	$186K	$546K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0192	+0.056%	$118K	—	150x	as long as short
01 Exchange SUIUSD	+0.0088%	1h	1.0192	+0.059%	$9K	$9K	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SUI	+0.0096%	1h	1.0189	+0.027%	$769K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0193	+0.073%	$252K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0192	+0.059%	$36K	$503K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0098%	8h	1.0190	+0.039%	$45K	$377K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0189	+0.027%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0189	+0.025%	$593K	$1.3M	10x	as long as short
Hyperliquid SUI	+0.0100%	1h	1.0197	+0.108%	$72.6M	$81.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0187	+0.015%	$993K	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0190	+0.044%	$220K	$261K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0188	+0.020%	$151.0M	$1.03B	75x	as long as short
Bybit SUIUSDTshort	+0.0100%	8h	1.0188	+0.019%	$102.1M	$306.9M	50x
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0187	+0.010%	$40.8M	$382.2M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0200	+0.137%	$147K	$297K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0193	+0.069%	$240K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0186	0.000%	$164.1M	$81.2M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0185	−0.010%	$147.4M	$298.7M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0186	0.000%	$52.4M	$51.4M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0182	−0.039%	$66.9M	$169.0M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0187	+0.010%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERPlong	+0.0100%	1h	1.0186	long leg	$642K	$1.2M	20x
Variational Omni SUI	+0.0100%	8h	1.0198	+0.117%	$2.2M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0186	−0.003%	$164K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0188	+0.021%	$440K	$7.1M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0198	+0.118%	$231K	$444K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0196	+0.098%	$106K	$785K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0202	+0.157%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0189	+0.029%	$6K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0184	−0.020%	$620K	$18.8M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0191	+0.049%	$11.4M	$24.5M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0185	−0.013%	$1.4M	$3.7M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0192	+0.059%	$48K	$37K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0216%	1h	1.0197	+0.108%	$978K	$13.7M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0192	+0.059%	$7.9M	$23.7M	100x	as long as short
Phoenix SUI	+0.0290%	1h	1.0198	+0.117%	$184K	$578K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0630% / S −0.0300%	1h	1.0191	+0.046%	$874K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0690%	1h	1.0186	+0.001%	$91K	$381K	10x	as long as short