Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: SoDEX against Bybit+0.032%7-day average +0.006% · 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−$29as in the Price arb table

costs, in and out, $10k−$310.312% of the position

Long on Bybit Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.024%−$2 · spread now +0.032%, 7d avg +0.006%

Together, before fees−0.022%−$2 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: SoDEX is 0.026% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SUIUSDT	1.0347	0.0100	pay 0.0100% / 8h	47m 17s	$103.8M	$306.8M	50x
Short	SoDEX SUI-USD	1.0350	0.0100	get 0.0013% / 1h	47m 17s	$7K	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.032%Rate

Funding earned: $0
Price spread: +0.032% → +0.006%: $2.58
Slippage, 4 orders: −$12.18
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$28.6
Costs to cover: 0.312%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; SoDEX: live order book, 2 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, 2 min ago	0.48 bp	7.2 bp −$7	12.0 bp −$120	38.4 bp −$3,835	doesn't fit
Sell SoDEX live order book, 2 min ago	0.48 bp	8.6 bp −$9	17.4 bp −$174	106.8 bp −$10.7K	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	−0.3474%	1h	1.0207	−1.350%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0369%	1h	1.0341	−0.053%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0328%	1h	1.0341	−0.057%	$6K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0354	+0.067%	$94K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0361	+0.143%	$462K	$5.4M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0347	+0.003%	$201K	$581K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0346	−0.006%	$120K	—	150x	as long as short
Bluefin SUI-PERP	+0.0004%	1h	1.0333	−0.132%	$592K	$405K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0353	+0.064%	$796K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0357	+0.101%	$261K	$2.0M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SUIUSD	+0.0096%	1h	1.0352	+0.051%	$9K	$9K	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0347	+0.003%	$38K	$496K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0099%	8h	1.0344	−0.026%	$46K	$330K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0352	+0.049%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0348	+0.013%	$597K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0351	+0.041%	$1.0M	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0354	+0.069%	$225K	$260K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0345	−0.016%	$152.0M	$1.02B	75x	as long as short
Bybit SUIUSDTlong	+0.0100%	8h	1.0347	long leg	$103.8M	$306.8M	50x
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0342	−0.045%	$41.3M	$385.9M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0350	+0.032%	$46K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0371	+0.234%	$244K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0347	+0.003%	$165.8M	$80.8M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0346	−0.007%	$149.4M	$289.5M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0342	−0.045%	$51.7M	$52.2M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0341	−0.055%	$67.9M	$168.8M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0345	−0.016%	—	$81.6M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0345	−0.016%	$659K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0354	+0.073%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0361	+0.137%	$169K	$4.4M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0356	+0.086%	$450K	$6.9M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0357	+0.100%	$235K	$442K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0355	+0.080%	$108K	$780K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0359	+0.119%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USDshort	+0.0100%	1h	1.0350	+0.032%	$7K	$2.4M	10x
HTX SUI-USDT	+0.0100%	8h	1.0343	−0.036%	$640K	$18.5M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0350	+0.032%	$11.6M	$24.8M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0343	−0.040%	$1.4M	$3.8M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0351	+0.042%	$49K	$37K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0354	+0.071%	$7.9M	$24.1M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0224%	1h	1.0359	+0.119%	$986K	$14.0M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0273%	1h	1.0356	+0.086%	$7.2M	$24.1M	50x	as long as short
Phoenix SUI	+0.0327%	1h	1.0364	+0.167%	$205K	$593K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0640% / S −0.0309%	1h	1.0344	−0.027%	$904K	—	100x	as long as short
Hyperliquid SUI	+0.0690%	1h	1.0361	+0.138%	$74.7M	$80.8M	10x	as long as short
Aftermath Perps SUIUSD	+0.0812%	1h	1.0345	−0.012%	$94K	$381K	10x	as long as short