Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Orderly against Bybit−0.019%7-day average −0.002% · you buy dearer than you sell

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

Long on Bybit Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$7 on $10k

Price spread, last 4 days (all we have)+0.069%+$7 · spread now −0.019%, 7d avg −0.002%

Together, before fees+0.134%+$13 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SUIUSDT	1.0400	0.0100	pay 0.0100% / 8h	5h 40m	$103.2M	$308.2M	50x
Short	Orderly PERP_SUI_USDC	1.0398	0.0100	get 0.0100% / 8h	5h 40m	$48K	$238K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.019%Rate

Funding earned: $0
Price spread: −0.019% → −0.002%: −$1.7
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$18.7
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 4 min ago; Orderly: 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 Bybit live order book, 4 min ago	0.48 bp	7.1 bp −$7	13.1 bp −$131	39.2 bp −$3,922	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.3542%	1h	1.0276	−1.192%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0373%	1h	1.0397	−0.026%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0232%	1h	1.0434	+0.328%	$6K	$19K	7x	as long as short
Bluefin SUI-PERP	−0.0045%	1h	1.0384	−0.154%	$594K	$408K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0407	+0.067%	$95K	$168K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0417	+0.161%	$514K	$4.8M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0400	0.000%	$202K	$576K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0399	−0.010%	$114K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0395	−0.052%	$822K	$5.6M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0393	−0.065%	$278K	$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	1.0412	+0.115%	$33K	$501K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0415	+0.140%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0406	+0.058%	$715K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0412	+0.119%	$917K	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0405	+0.046%	$227K	$265K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0399	−0.011%	$152.6M	$1.02B	75x	as long as short
Bybit SUIUSDTlong	+0.0100%	8h	1.0400	long leg	$103.2M	$308.2M	50x
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0398	−0.019%	$41.1M	$384.2M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0410	+0.096%	$44K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0403	+0.031%	$245K	$4K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0397	−0.029%	$165.1M	$82.7M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0395	−0.048%	$150.9M	$291.9M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0400	0.000%	$51.1M	$53.7M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0394	−0.058%	$68.0M	$168.4M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0396	−0.038%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0384	−0.154%	$701K	$1.3M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0393	−0.063%	$2.4M	$3.2M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0436	+0.347%	$170K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0447	+0.453%	$452K	$7.4M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0439	+0.375%	$237K	$470K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0417	+0.163%	$122K	$721K	10x	as long as short
Orderly PERP_SUI_USDCshort	+0.0100%	8h	1.0398	−0.019%	$48K	$238K	20x
SunX SUI-USDT	+0.0100%	8h	1.0402	+0.019%	$2K	$1.8M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0398	−0.019%	$14K	$2.1M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0388	−0.115%	$593K	$19.8M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0395	−0.048%	$11.6M	$26.1M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0395	−0.053%	$1.5M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0404	+0.034%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0136%	1h	1.0410	+0.096%	$9K	$3K	10x	as long as short
Coinbase International SUI-PERP-INTX	+0.0176%	1h	1.0399	−0.010%	$993K	$14.7M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0388	−0.115%	$8.0M	$25.0M	100x	as long as short
Kraken Futures PF_SUIUSD	+0.0289%	1h	1.0400	0.000%	$6.8M	$26.9M	50x	as long as short
Phoenix SUI	+0.0362%	1h	1.0390	−0.099%	$211K	$561K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0618% / S −0.0272%	1h	1.0395	−0.048%	$968K	—	100x	as long as short
Hyperliquid SUI	+0.0677%	1h	1.0417	+0.163%	$75.7M	$80.4M	10x	as long as short
Aftermath Perps SUIUSD	+0.1275%	1h	1.0412	+0.112%	$83K	$384K	10x	as long as short