Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.3409%/8h= −373.3% APRpaid last 24h −0.875%

Price spread now: Injective against Bybit0.000%7-day average −0.283% · you sell dearer than you buy

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

Long on Bybit Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−3.640%−$364 on $10k

Price spread, last 4 days (all we have)−0.293%−$29 · spread now 0.000%, 7d avg −0.283%

Together, before fees−3.933%−$393 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 0.283% dearer against Bybit than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.283%): +$28 on $10k if it goes back. Holding the pair costs −$102 a day in funding at the current rate, which eats that in about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SUIUSDT	1.0052	0.0100	pay 0.0100% / 8h	2h 22m	$98.0M	$318.8M	50x
Short	Injective SUI/USDC PERP	1.0052	−0.3309	pay 0.0414% / 1h	22m 46s	$41K	$123K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Bybit. 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 BybitbpFee InjectivebpOrdersPrice spread, now 0.000%Rate

Funding earned: −$715.91
Price spread: 0.000% → −0.283%: $28.31
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$698.61
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Bybit: live order book, 1 min ago; Injective: live order book, 26 min ago. 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 Bybit live order book, 1 min ago	0.50 bp	7.2 bp −$7	12.6 bp −$126	34.0 bp −$3,396	doesn't fit
Sell Injective live order book, 26 min ago	68.69 bp	doesn't fit	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 PERPshort	−0.3309%	1h	1.0052	0.000%	$41K	$123K	12x
Reya SUIRUSDPERP	−0.0378%	1h	1.0020	−0.319%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0160%	1h	1.0037	−0.145%	$5K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0047	−0.050%	$94K	$294K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0042	−0.096%	$371K	$5.1M	2.5x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0021	−0.304%	$113K	—	150x	as long as short
Bluefin SUI-PERP	+0.0029%	1h	1.0007	−0.448%	$574K	$431K	25x	as long as short
Deribit SUI_USDC-PERPETUAL	+0.0049%	1h	1.0023	−0.288%	$195K	$562K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0045	−0.072%	$772K	$5.5M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0057	+0.052%	$297K	$2.2M	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	1.0022	−0.298%	$31K	$545K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0024	−0.279%	$46K	$209K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0027	−0.245%	$26K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0029	−0.234%	$542K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0046	−0.065%	$879K	$4.3M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0032	−0.199%	$218K	$257K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0052	−0.002%	$144.4M	$1.05B	75x	as long as short
Bybit SUIUSDTlong	+0.0100%	8h	1.0052	long leg	$98.0M	$318.8M	50x
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0056	+0.040%	$40.9M	$385.3M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0020	−0.318%	$42K	$330K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0068	+0.159%	$237K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0042	−0.099%	$164.2M	$84.9M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0043	−0.090%	$148.8M	$293.9M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0044	−0.080%	$49.0M	$53.5M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0038	−0.139%	$66.2M	$177.7M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0044	−0.080%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0031	−0.209%	$637K	$1.4M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0001	−0.509%	$2.4M	$3.4M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0016	−0.356%	$161K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0032	−0.199%	$439K	$7.5M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0015	−0.368%	$220K	$436K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0030	−0.219%	$132K	$727K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0037	−0.149%	$2K	$1.7M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0022	−0.298%	$5K	$2.0M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0030	−0.219%	$606K	$19.4M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0029	−0.229%	$11.5M	$27.8M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0037	−0.151%	$1.4M	$4.0M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0031	−0.211%	$38K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0112%	1h	1.0023	−0.288%	$9K	$3K	10x	as long as short
Kraken Futures PF_SUIUSD	+0.0175%	1h	1.0027	−0.252%	$6.7M	$25.0M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0026	−0.259%	$7.5M	$24.2M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0038	−0.139%	$951K	$14.8M	50x	as long as short
Hyperliquid SUI	+0.0358%	1h	1.0054	+0.019%	$72.1M	$83.1M	10x	as long as short
Phoenix SUI	+0.0416%	1h	1.0042	−0.096%	$199K	$422K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0596% / S −0.0263%	1h	1.0020	−0.314%	$921K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1467%	1h	1.0043	−0.093%	$81K	$409K	10x	as long as short