Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.083%

Price spread now: Coinbase International against BingX+0.049%7-day average +0.114% · you sell dearer than you buy

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$400.404% of the position

Long on BingX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.371%+$37 on $10k

Price spread, last 3 days (all we have)+0.019%+$2 · spread now +0.049%, 7d avg +0.114%

Together, before fees+0.390%+$39 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.065% cheaper against BingX than usual: you would sell low and buy high (spread +0.049% now, against its 7-day average of +0.114%). If the spread goes back, that is −$6 on $10k: about 45 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SUI-USDT	1.0148	0.0100	pay 0.0100% / 8h	2h 43m	—	$81.7M	—
Short	Coinbase International SUI-PERP-INTX	1.0153	0.0216	get 0.0027% / 1h	43m 32s	$970K	$13.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BingX. 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 BingXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.049%Rate

Funding earned: $24.36
Price spread: +0.049% → +0.114%: −$6.48
Slippage, 4 orders: −$20.4
Fee BingX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$22.52
Costs to cover: 0.404%
Break-even: 13.5 days

Slippage from BingX: live order book, 10 min ago; Coinbase International: live order book, 6 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 BingX live order book, 10 min ago	1.48 bp	7.2 bp −$7	8.3 bp −$83	14.6 bp −$1,456	49.8 bp −$24.9K
Sell Coinbase International live order book, 6 min ago	4.43 bp	12.5 bp −$12	21.3 bp −$213	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	1.0041	−1.054%	$41K	$81K	12x	as long as short
Hibachi SUI/USDT-P	−0.0512%	1h	1.0135	−0.127%	$6K	$19K	7x	as long as short
Reya SUIRUSDPERP	−0.0366%	1h	1.0140	−0.076%	$4K	$3K	20x	as long as short
Bluefin SUI-PERP	−0.0131%	1h	1.0125	−0.227%	$579K	$411K	25x	as long as short
Kraken Futures PF_SUIUSD	−0.0022%	1h	1.0144	−0.041%	$6.8M	$23.8M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0146	−0.023%	$92K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0135	−0.131%	$454K	$5.5M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0144	−0.039%	$185K	$547K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0140	−0.081%	$117K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0145	−0.030%	$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	+0.004%	$245K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0151	+0.030%	$35K	$504K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0097%	8h	1.0140	−0.079%	$44K	$380K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0146	−0.020%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0149	+0.012%	$591K	$1.4M	10x	as long as short
Hyperliquid SUI	+0.0100%	1h	1.0156	+0.079%	$72.3M	$81.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0147	−0.011%	$981K	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0147	−0.009%	$219K	$262K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0151	+0.032%	$150.3M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0152	+0.039%	$101.9M	$307.7M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0152	+0.039%	$40.7M	$381.0M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0160	+0.118%	$146K	$297K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0128	−0.198%	$238K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0149	+0.010%	$163.4M	$81.0M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0148	0.000%	$147.8M	$296.8M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0145	−0.030%	$53.1M	$51.3M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0141	−0.069%	$66.7M	$169.4M	75x	as long as short
BingX SUI-USDTlong	+0.0100%	8h	1.0148	long leg	—	$81.7M	—
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0142	−0.059%	$637K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0141	−0.073%	$2.2M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0141	−0.068%	$163K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0135	−0.132%	$439K	$7.1M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0146	−0.020%	$230K	$444K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0157	+0.089%	$106K	$796K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0149	+0.010%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0140	−0.079%	$6K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0133	−0.148%	$629K	$18.9M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0142	−0.059%	$11.3M	$24.3M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0149	+0.013%	$1.4M	$3.7M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0142	−0.059%	$48K	$38K	3x	as long as short
01 Exchange SUIUSD	+0.0184%	1h	1.0151	+0.030%	$9K	$9K	10x	as long as short
Coinbase International SUI-PERP-INTXshort	+0.0216%	1h	1.0153	+0.049%	$970K	$13.7M	50x
BloFin SUI-USDT	+0.0220%	8h	1.0141	−0.069%	$8.0M	$23.7M	100x	as long as short
Phoenix SUI	+0.0290%	1h	1.0162	+0.138%	$183K	$578K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0629% / S −0.0300%	1h	1.0139	−0.091%	$869K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0745%	1h	1.0147	−0.006%	$92K	$379K	10x	as long as short