Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Nado against Backpack−0.005%7-day average +0.013% · 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−$29as in the Price arb table

costs, in and out, $10k−$270.271% of the position

Long on Backpack Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 3 days (all we have)+0.517%+$52 · spread now −0.005%, 7d avg +0.013%

Together, before fees+0.517%+ Points / potential airdropNado: Active · farm board+$52 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	1.0142	0.0100	pay 0.0013% / 1h	49m 06s	$637K	$1.2M	20x
Short	Nado SUI-PERP	1.0141	0.0100	get 0.0013% / 1h	49m 06s	$592K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.005%Rate

Funding earned: $0
Price spread: −0.005% → +0.013%: −$1.77
Slippage, 4 orders: −$10.07
Fee Backpack: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$28.84
Costs to cover: 0.271%
Break-even: never at this rate

Slippage from Backpack: live order book, 5 min ago; Nado: live order book, 5 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, 5 min ago	0.99 bp	6.0 bp −$6	8.8 bp −$88	doesn't fit	doesn't fit
Sell Nado live order book, 5 min ago	0.99 bp	7.8 bp −$8	21.1 bp −$211	doesn't fit	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	1.0055	−0.858%	$41K	$81K	12x	as long as short
Hibachi SUI/USDT-P	−0.0496%	1h	1.0135	−0.069%	$6K	$19K	7x	as long as short
Reya SUIRUSDPERP	−0.0366%	1h	1.0143	+0.014%	$4K	$3K	20x	as long as short
Bluefin SUI-PERP	−0.0130%	1h	1.0130	−0.118%	$579K	$412K	25x	as long as short
Kraken Futures PF_SUIUSD	−0.0022%	1h	1.0149	+0.065%	$6.8M	$23.9M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0146	+0.039%	$93K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0142	−0.001%	$454K	$5.5M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0148	+0.059%	$185K	$547K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0143	+0.011%	$117K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0143	+0.012%	$763K	$5.8M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SUI	+0.0096%	1h	1.0148	+0.062%	$245K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0141	−0.010%	$34K	$504K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0097%	8h	1.0143	+0.010%	$44K	$381K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0140	−0.018%	$27K	$9K	30x	as long as short
Hyperliquid SUI	+0.0100%	1h	1.0150	+0.079%	$72.4M	$81.8M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0145	+0.025%	$982K	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0147	+0.049%	$219K	$262K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0146	+0.044%	$150.2M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0143	+0.013%	$102.1M	$308.1M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0141	−0.010%	$40.7M	$381.3M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0140	−0.020%	$146K	$299K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0128	−0.139%	$238K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0141	−0.010%	$163.2M	$80.9M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0145	+0.030%	$146.9M	$295.9M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0145	+0.030%	$53.2M	$51.3M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0138	−0.039%	$66.7M	$169.7M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0142	0.000%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERPlong	+0.0100%	1h	1.0142	long leg	$637K	$1.2M	20x
Variational Omni SUI	+0.0100%	8h	1.0140	−0.024%	$2.2M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0151	+0.091%	$163K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0141	−0.010%	$442K	$7.2M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0138	−0.039%	$230K	$444K	50x	as long as short
Nado SUI-PERPshort	+0.0100%	1h	1.0141	−0.005%	$592K	$1.4M	10x
Polymarket Perps SUI-USD	+0.0100%	1h	1.0150	+0.079%	$106K	$796K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0155	+0.128%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0145	+0.030%	$6K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0142	0.000%	$630K	$18.9M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0138	−0.039%	$11.3M	$24.3M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0144	+0.021%	$1.4M	$3.7M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0145	+0.031%	$48K	$38K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0216%	1h	1.0163	+0.207%	$971K	$13.9M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0150	+0.079%	$8.0M	$23.7M	100x	as long as short
01 Exchange SUIUSD	+0.0240%	1h	1.0145	+0.030%	$9K	$9K	10x	as long as short
Phoenix SUI	+0.0290%	1h	1.0162	+0.197%	$183K	$578K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0629% / S −0.0300%	1h	1.0142	+0.001%	$869K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0754%	1h	1.0159	+0.172%	$92K	$380K	10x	as long as short