Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.066%

Price spread now: dYdX against BloFin+0.180%7-day average −0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$276as in the Funding arb table

Net, price: spread back to 7d avg − costs−$215as in the Price arb table

costs, in and out, $10k−$2382.380% of the position

Long on BloFin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.376%−$38 on $10k

Price spread, last 4 days (all we have)−0.213%−$21 · spread now +0.180%, 7d avg −0.046%

Together, before fees−0.588%−$59 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.226% dearer against BloFin than usual: you sell high and buy low (spread +0.180% now, against its 7-day average of −0.046%): +$23 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SUI-USDT	1.0141	0.0220	pay 0.0220% / 8h	7h 46m	$7.5M	$24.4M	100x
Short	dYdX SUI-USD	1.0159	0	get 0.0000% / 1h	46m 54s	$95K	$258K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against BloFin. 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 BloFinbpFee dYdXbpOrdersPrice spread, now +0.180%Rate

Funding earned: −$46.2
Price spread: +0.180% → −0.046%: $22.58
Slippage, 4 orders: −$216
Fee BloFin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$261.62
Costs to cover: 2.380%
Break-even: never at this rate

Slippage from BloFin: live order book, 7 min ago; dYdX: live order book, 7 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 BloFin live order book, 7 min ago	0.99 bp	8.3 bp −$8	12.2 bp −$122	24.1 bp −$2,410	47.9 bp −$24.0K
Sell dYdX live order book, 7 min ago	38.01 bp	118.2 bp −$118	135.0 bp −$1,350	140.5 bp −$14.0K	193.1 bp −$96.5K

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	−0.3240%	1h	0.9994	−1.450%	$41K	$113K	12x	as long as short
Reya SUIRUSDPERP	−0.0382%	1h	1.0148	+0.069%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0208%	1h	1.0143	+0.022%	$5K	$17K	7x	as long as short
dYdX SUI-USDshort	0.0000%	1h	1.0159	+0.180%	$95K	$258K	10x
Kalshi KXSUIPERP	0.0000%	8h	1.0146	+0.048%	$375K	$4.2M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0141	0.000%	$195K	$536K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0147	+0.055%	$114K	—	150x	as long as short
Bluefin SUI-PERP	+0.0082%	1h	1.0130	−0.108%	$581K	$452K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0147	+0.056%	$749K	$4.8M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0147	+0.059%	$301K	$2.1M	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	1.0164	+0.227%	$43K	$529K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0143	+0.020%	$47K	$432K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0165	+0.234%	$27K	$8K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0153	+0.118%	$674K	$2.2M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0143	+0.018%	$905K	$4.3M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0164	+0.228%	$217K	$251K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0138	−0.030%	$145.1M	$982.8M	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0138	−0.029%	$97.6M	$306.3M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0142	+0.010%	$40.9M	$364.0M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0160	+0.187%	$43K	$321K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0149	+0.077%	$232K	$7K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0139	−0.020%	$167.5M	$79.1M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0139	−0.020%	$100.2M	$287.2M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0145	+0.039%	$51.7M	$51.5M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0134	−0.069%	$66.9M	$166.9M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0137	−0.039%	—	$88.0M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0143	+0.020%	$665K	$1.3M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0141	−0.002%	$2.4M	$3.3M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0143	+0.024%	$164K	$4.2M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0147	+0.059%	$442K	$7.0M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0149	+0.079%	$205K	$371K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0157	+0.158%	$122K	$520K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0157	+0.158%	$2K	$1.6M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0142	+0.010%	$6K	$1.6M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0156	+0.148%	$635K	$18.2M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0143	+0.020%	$11.7M	$28.2M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0133	−0.075%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0142	+0.010%	$38K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0112%	1h	1.0168	+0.266%	$8K	$3K	10x	as long as short
Hyperliquid SUI	+0.0124%	1h	1.0153	+0.118%	$73.2M	$77.5M	10x	as long as short
BloFin SUI-USDTlong	+0.0220%	8h	1.0141	long leg	$7.5M	$24.4M	100x
Kraken Futures PF_SUIUSD	+0.0284%	1h	1.0144	+0.033%	$6.8M	$21.5M	50x	as long as short
Coinbase International SUI-PERP-INTX	+0.0360%	1h	1.0169	+0.276%	$1.0M	$14.3M	50x	as long as short
Phoenix SUI	+0.0426%	1h	1.0158	+0.168%	$202K	$395K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0600% / S −0.0263%	1h	1.0140	−0.009%	$934K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1228%	1h	1.0149	+0.079%	$82K	$409K	10x	as long as short