Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: HTX against Backpack+0.010%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on Backpack Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 3 days (all we have)+0.031%+$3 · spread now +0.010%, 7d avg +0.017%

Together, before fees+0.040%+$4 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	1.0281	0.0100	pay 0.0013% / 1h	36m 53s	$654K	$1.1M	20x
Short	HTX SUI-USDT	1.0282	0.0100	get 0.0100% / 8h	1h 36m	$633K	$18.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.010%Rate

Funding earned: $0
Price spread: +0.010% → +0.017%: −$0.76
Slippage, 4 orders: −$9.84
Fee Backpack: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$32.61
Costs to cover: 0.318%
Break-even: never at this rate

Slippage from Backpack: live order book, 2 min ago; HTX: 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	0.49 bp	5.5 bp −$5	8.3 bp −$83	doesn't fit	doesn't fit
Sell HTX live order book, 2 min ago	2.91 bp	10.5 bp −$11	23.0 bp −$230	38.6 bp −$3,863	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	−0.2926%	1h	1.0133	−1.440%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0368%	1h	1.0279	−0.022%	$4K	$3K	20x	as long as short
Bluefin SUI-PERP	−0.0156%	1h	1.0269	−0.117%	$588K	$407K	25x	as long as short
Hibachi SUI/USDT-P	−0.0104%	1h	1.0306	+0.245%	$6K	$18K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0285	+0.040%	$94K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0282	+0.013%	$459K	$5.5M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0282	+0.010%	$190K	$562K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0282	+0.013%	$119K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0285	+0.035%	$793K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0288	+0.068%	$255K	$2.0M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex SUIUSDT	+0.0096%	1h	1.0286	+0.049%	$37K	$503K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0098%	8h	1.0281	0.000%	$45K	$375K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0285	+0.042%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0284	+0.029%	$598K	$1.3M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0284	+0.029%	$1.0M	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0286	+0.050%	$224K	$262K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0280	−0.014%	$151.9M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0282	+0.013%	$103.2M	$306.9M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0281	0.000%	$41.0M	$384.2M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0290	+0.088%	$148K	$284K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0303	+0.211%	$242K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0282	+0.010%	$165.6M	$80.7M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0282	+0.010%	$148.8M	$295.3M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0278	−0.029%	$51.8M	$52.1M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0273	−0.078%	$67.7M	$168.6M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0283	+0.019%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERPlong	+0.0100%	1h	1.0281	long leg	$654K	$1.1M	20x
Variational Omni SUI	+0.0100%	8h	1.0302	+0.207%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0300	+0.186%	$166K	$4.4M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0303	+0.212%	$446K	$7.0M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0301	+0.195%	$234K	$441K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0288	+0.068%	$106K	$788K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0302	+0.204%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0282	+0.010%	$6K	$2.4M	10x	as long as short
HTX SUI-USDTshort	+0.0100%	8h	1.0282	+0.010%	$633K	$18.6M	75x
Phemex SUIUSDT	+0.0100%	8h	1.0281	0.000%	$11.5M	$24.6M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0277	−0.041%	$1.4M	$3.8M	50x	as long as short
01 Exchange SUIUSD	+0.0104%	1h	1.0291	+0.097%	$9K	$9K	10x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0282	+0.012%	$49K	$37K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0282	+0.010%	$8.0M	$23.9M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0295	+0.136%	$973K	$13.9M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0295%	1h	1.0287	+0.058%	$7.2M	$24.2M	50x	as long as short
Phoenix SUI	+0.0346%	1h	1.0319	+0.373%	$204K	$574K	10x	as long as short
Hyperliquid SUI	+0.0479%	1h	1.0296	+0.146%	$73.4M	$80.9M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0637% / S −0.0309%	1h	1.0283	+0.024%	$898K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0702%	1h	1.0291	+0.099%	$94K	$382K	10x	as long as short