Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against Bybit+0.060%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$320.321% of the position

Long on Bybit Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.988%+$99 · spread now +0.060%, 7d avg +0.009%

Together, before fees+0.986%+ Points / potential airdropNado: Active · farm board+$99 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.051% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SUIUSDT	1.0414	0.0100	pay 0.0100% / 8h	6h 26m	$103.4M	$312.7M	50x
Short	Nado SUI-PERP	1.0420	0.0100	get 0.0012% / 1h	26m 12s	$751K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bybit. 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 BybitbpFee NadobpOrdersPrice spread, now +0.060%Rate

Funding earned: $0
Price spread: +0.060% → +0.009%: $5.12
Slippage, 4 orders: −$14.13
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$27.01
Costs to cover: 0.321%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Nado: live order book, 3 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 Bybit live order book, 3 min ago	0.48 bp	7.5 bp −$8	13.8 bp −$138	41.7 bp −$4,173	doesn't fit
Sell Nado live order book, 3 min ago	0.96 bp	9.2 bp −$9	22.5 bp −$225	doesn't fit	doesn't fit

SUI on 45 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	−0.4499%	1h	1.0236	−1.706%	$42K	$123K	12x	as long as short
Hibachi SUI/USDT-P	−0.0448%	1h	1.0390	−0.231%	$6K	$19K	7x	as long as short
Reya SUIRUSDPERP	−0.0372%	1h	1.0419	+0.050%	$4K	$3K	20x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0399	−0.139%	$95K	$171K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0410	−0.033%	$508K	$5.1M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0421	+0.070%	$202K	$578K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0416	+0.024%	$114K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0011%	1h	1.0425	+0.106%	$6.8M	$27.0M	50x	as long as short
Bluefin SUI-PERP	+0.0081%	1h	1.0405	−0.084%	$595K	$415K	25x	as long as short
01 Exchange SUIUSD	+0.0088%	1h	1.0417	+0.032%	$9K	$3K	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SUI	+0.0096%	1h	1.0422	+0.085%	$822K	$5.7M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0420	+0.062%	$277K	$2.1M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0413	−0.007%	$30K	$493K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0439	+0.241%	$27K	$9K	30x	as long as short
Nado SUI-PERPshort	+0.0100%	1h	1.0420	+0.060%	$751K	$1.9M	10x
Aster SUIUSDT	+0.0100%	8h	1.0417	+0.032%	$916K	$5.0M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0403	−0.103%	$227K	$269K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0416	+0.022%	$152.5M	$1.05B	75x	as long as short
Bybit SUIUSDTlong	+0.0100%	8h	1.0414	long leg	$103.4M	$312.7M	50x
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0414	+0.003%	$41.1M	$393.8M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0410	−0.036%	$44K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0400	−0.131%	$245K	$3K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0417	+0.032%	$164.5M	$84.1M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0414	+0.003%	$149.8M	$299.0M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0415	+0.012%	$51.8M	$53.8M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0410	−0.036%	$67.8M	$172.0M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0413	−0.007%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0415	+0.012%	$693K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0418	+0.039%	$2.4M	$3.2M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0359	−0.522%	$169K	$4.7M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0367	−0.450%	$451K	$7.5M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0365	−0.468%	$237K	$507K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0428	+0.137%	$120K	$726K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0419	+0.051%	$47K	$256K	20x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0419	+0.051%	$2K	$1.8M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0420	+0.060%	$6K	$2.2M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0413	−0.007%	$660K	$19.7M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0416	+0.022%	$11.6M	$25.8M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0417	+0.028%	$1.4M	$4.0M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0419	+0.050%	$40K	$16K	3x	as long as short
Hyperliquid SUI	+0.0126%	1h	1.0431	+0.166%	$74.6M	$80.7M	10x	as long as short
Coinbase International SUI-PERP-INTX	+0.0152%	1h	1.0412	−0.016%	$1.0M	$14.7M	50x	as long as short
Phoenix SUI	+0.0221%	1h	1.0388	−0.243%	$206K	$595K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0615% / S −0.0271%	1h	1.0417	+0.030%	$967K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1021%	1h	1.0386	−0.271%	$78K	$378K	10x	as long as short