Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0540%/8h= −59.1% APRpaid last 24h −0.208%

Price spread now: Hibachi against BloFin+0.094%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds both histories

The price spread pays, funding is against you. Hibachi is 0.094% dearer against BloFin than usual: you sell high and buy low (spread +0.094% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SUI-USDT	1.0386	0.0220	pay 0.0220% / 8h	4h 20m	$7.9M	$24.8M	100x
Short	Hibachi SUI/USDT-P	1.0396	−0.0320	pay 0.0040% / 1h	20m 31s	$6K	$19K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 HibachibpOrdersPrice spread, now +0.094%Rate

Funding earned: −$113.4
Price spread: +0.094% → 0.000%: $9.36
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$125.04
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 3 min ago; Hibachi: no order-book sample. Net counts fees only.

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, 3 min ago	0.96 bp	8.5 bp −$9	12.0 bp −$120	28.9 bp −$2,894	65.2 bp −$32.6K
Sell Hibachi no order-book sample	—	—	—	—	—

Hibachi: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.3244%	1h	1.0342	−0.424%	$43K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0375%	1h	1.0381	−0.045%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-Pshort	−0.0320%	1h	1.0396	+0.094%	$6K	$19K	7x
dYdX SUI-USD	0.0000%	1h	1.0388	+0.020%	$130K	$227K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0396	+0.101%	$508K	$5.0M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0384	−0.019%	$202K	$573K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0382	−0.039%	$116K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0391	+0.048%	$828K	$5.6M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0392	+0.061%	$301K	$2.2M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0378	−0.077%	$42K	$517K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex SUI-USD-PERP	+0.0100%	8h	1.0390	+0.040%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0374	−0.111%	$582K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0390	+0.037%	$914K	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0390	+0.041%	$225K	$260K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0376	−0.101%	$150.8M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0374	−0.117%	$102.1M	$311.0M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0370	−0.154%	$41.0M	$388.9M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0390	+0.039%	$44K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0408	+0.211%	$245K	$6K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0390	+0.039%	$168.1M	$84.0M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0389	+0.029%	$153.3M	$297.4M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0388	+0.019%	$49.7M	$53.9M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0386	0.000%	$67.9M	$172.6M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0390	+0.039%	—	$82.6M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0383	−0.029%	$662K	$1.3M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0389	+0.025%	$2.5M	$3.4M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0389	+0.029%	$170K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0393	+0.069%	$448K	$7.6M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0448	+0.597%	$232K	$487K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0396	+0.096%	$124K	$756K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0383	−0.029%	$48K	$178K	20x	as long as short
Bluefin SUI-PERP	+0.0100%	1h	1.0368	−0.173%	$594K	$406K	25x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0378	−0.077%	$2K	$1.7M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0391	+0.048%	$14K	$2.1M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0385	−0.010%	$573K	$19.6M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0390	+0.039%	$11.9M	$26.8M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0384	−0.021%	$1.4M	$4.1M	50x	as long as short
01 Exchange SUIUSD	+0.0104%	1h	1.0380	−0.058%	$9K	$2K	10x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0390	+0.034%	$39K	$11K	3x	as long as short
Kraken Futures PF_SUIUSD	+0.0162%	1h	1.0393	+0.065%	$6.9M	$27.0M	50x	as long as short
Coinbase International SUI-PERP-INTX	+0.0216%	1h	1.0390	+0.039%	$973K	$15.0M	50x	as long as short
BloFin SUI-USDTlong	+0.0220%	8h	1.0386	long leg	$7.9M	$24.8M	100x
Hyperliquid SUI	+0.0358%	1h	1.0407	+0.202%	$75.5M	$81.4M	10x	as long as short
Phoenix SUI	+0.0390%	1h	1.0403	+0.167%	$211K	$421K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0614% / S −0.0267%	1h	1.0382	−0.034%	$959K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1504%	1h	1.0420	+0.332%	$83K	$397K	10x	as long as short