Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0109%/8h= +11.9% APRpaid last 24h +0.067%

Price spread now: SunX against Bluefin+0.263%7-day average +0.229% · you sell dearer than you buy

Net, funding: paid 7d − costs−$143as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1401.395% of the position

Long on Bluefin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now +0.263%, 7d avg +0.229%

Together, before fees+0.001%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SunX is 0.034% dearer against Bluefin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.229%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin SUI-PERP	1.0250	−0.0009	get 0.0001% / 1h	0m 45s	$590K	$437K	25x
Short	SunX SUI-USDT	1.0277	0.0100	get 0.0100% / 8h	7h 00m	$3K	$1.5M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bluefin. 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 BluefinbpFee SunXbpOrdersPrice spread, now +0.263%Rate

Funding earned: $22.87
Price spread: +0.263% → +0.229%: $3.41
Slippage, 4 orders: −$124.51
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$113.23
Costs to cover: 1.395%
Break-even: 41.7 days

Slippage from Bluefin: live order book, 33 min ago; SunX: live order book, 4 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 Bluefin live order book, 33 min ago	2.97 bp	12.0 bp −$12	84.9 bp −$849	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	29.73 bp	67.6 bp −$68	doesn't fit	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	−0.3240%	1h	1.0143	−1.044%	$42K	$113K	12x	as long as short
Reya SUIRUSDPERP	−0.0383%	1h	1.0258	+0.080%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0352%	1h	1.0252	+0.020%	$6K	$17K	7x	as long as short
Bluefin SUI-PERPlong	−0.0009%	1h	1.0250	long leg	$590K	$437K	25x
dYdX SUI-USD	0.0000%	1h	1.0258	+0.082%	$96K	$245K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0271	+0.207%	$378K	$3.9M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0266	+0.156%	$197K	$525K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0264	+0.137%	$116K	—	150x	as long as short
01 Exchange SUIUSD	+0.0048%	1h	1.0262	+0.117%	$8K	$3K	10x	as long as short
Lighter SUI	+0.0096%	1h	1.0259	+0.086%	$759K	$4.9M	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	1.0262	+0.113%	$323K	$2.2M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0262	+0.117%	$52K	$520K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0273	+0.229%	$27K	$6K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0267	+0.168%	$676K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0259	+0.092%	$922K	$4.0M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0277	+0.265%	$219K	$247K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0256	+0.060%	$145.5M	$944.5M	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0255	+0.050%	$98.8M	$294.4M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0256	+0.059%	$41.4M	$349.5M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0260	+0.098%	$43K	$318K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0247	−0.029%	$235K	$7K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0257	+0.068%	$169.7M	$80.8M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0258	+0.078%	$95.7M	$292.9M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0259	+0.088%	$52.6M	$49.1M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0254	+0.039%	$67.7M	$158.6M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0256	+0.059%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0253	+0.029%	$672K	$1.3M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0248	−0.023%	$2.4M	$3.1M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0240	−0.101%	$164K	$4.2M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0239	−0.103%	$449K	$7.0M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0244	−0.059%	$207K	$356K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0265	+0.146%	$124K	$510K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0263	+0.127%	$55K	$632K	20x	as long as short
SunX SUI-USDTshort	+0.0100%	8h	1.0277	+0.263%	$3K	$1.5M	30x
SoDEX SUI-USD	+0.0100%	1h	1.0263	+0.127%	$6K	$1.5M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0274	+0.234%	$784K	$17.6M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0262	+0.117%	$11.8M	$28.5M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0250	−0.003%	$1.5M	$3.9M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0265	+0.151%	$39K	$11K	3x	as long as short
Hyperliquid SUI	+0.0190%	1h	1.0269	+0.187%	$74.2M	$74.8M	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0265	+0.146%	$7.5M	$24.4M	100x	as long as short
Kraken Futures PF_SUIUSD	+0.0280%	1h	1.0268	+0.172%	$6.9M	$21.0M	50x	as long as short
Coinbase International SUI-PERP-INTX	+0.0360%	1h	1.0277	+0.263%	$1.0M	$13.0M	50x	as long as short
Phoenix SUI	+0.0426%	1h	1.0265	+0.143%	$206K	$395K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0612% / S −0.0269%	1h	1.0261	+0.110%	$956K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1027%	1h	1.0264	+0.136%	$81K	$413K	10x	as long as short