Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.006%

Price spread now: Aster against Deribit−0.016%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$340.344% of the position

Long on Deribit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 3 days (all we have)−0.015%−$1 · spread now −0.016%, 7d avg +0.002%

Together, before fees+0.002%+ Points / potential airdropAster: Stage 5 · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SUI_USDC-PERPETUAL	1.0456	0	get 0.0000% / 1h	41m 00s	$203K	$584K	25x
Short	Aster SUIUSDT	1.0454	0.0100	get 0.0100% / 8h	7h 41m	$1.0M	$4.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now −0.016%Rate

Funding earned: $21
Price spread: −0.016% → +0.002%: −$1.88
Slippage, 4 orders: −$19.45
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$15.33
Costs to cover: 0.344%
Break-even: 12.1 days

Slippage from Deribit: live order book, 33 min ago; Aster: 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 Deribit live order book, 33 min ago	4.83 bp	8.3 bp −$8	14.6 bp −$146	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	3.35 bp	9.8 bp −$10	36.3 bp −$363	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	−0.3416%	1h	1.0273	−1.750%	$42K	$123K	12x	as long as short
Hibachi SUI/USDT-P	−0.0408%	1h	1.0449	−0.067%	$6K	$19K	7x	as long as short
Reya SUIRUSDPERP	−0.0370%	1h	1.0452	−0.038%	$4K	$3K	20x	as long as short
Phemex SUIUSDT	−0.0271%	8h	1.0452	−0.038%	$11.7M	$25.1M	50x	as long as short
Bluefin SUI-PERP	−0.0253%	1h	1.0442	−0.134%	$599K	$415K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0448	−0.075%	$96K	$170K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0452	−0.038%	$479K	$5.1M	2.5x	as long as short
Deribit SUI_USDC-PERPETUALlong	0.0000%	1h	1.0456	long leg	$203K	$584K	25x
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0454	−0.019%	$121K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0038%	1h	1.0460	+0.035%	$7.3M	$24.3M	50x	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	+0.0080%	1h	1.0462	+0.057%	$9K	$9K	10x	as long as short
Lighter SUI	+0.0096%	1h	1.0453	−0.027%	$807K	$5.8M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0457	+0.013%	$268K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0463	+0.067%	$33K	$491K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0456	0.000%	$47K	$320K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0442	−0.132%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0461	+0.048%	$660K	$1.4M	10x	as long as short
Aster SUIUSDTshort	+0.0100%	8h	1.0454	−0.016%	$1.0M	$4.8M	75x
Pacifica SUI	+0.0100%	1h	1.0445	−0.105%	$227K	$258K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0444	−0.113%	$155.2M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0444	−0.113%	$104.8M	$306.9M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0439	−0.163%	$41.7M	$388.5M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0460	+0.038%	$46K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0367	−0.856%	$244K	$1K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0446	−0.096%	$168.4M	$80.4M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0443	−0.124%	$153.1M	$291.7M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0440	−0.153%	$50.9M	$53.2M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0440	−0.153%	$68.8M	$166.9M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0446	−0.096%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0445	−0.105%	$678K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0445	−0.106%	$2.3M	$2.9M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0430	−0.252%	$170K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0448	−0.081%	$451K	$7.2M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0386	−0.669%	$238K	$450K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0471	+0.143%	$119K	$757K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0467	+0.105%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0454	−0.019%	$6K	$2.3M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0455	−0.010%	$654K	$18.7M	75x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0446	−0.092%	$1.5M	$3.8M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0457	+0.007%	$40K	$16K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0200%	1h	1.0461	+0.048%	$990K	$14.3M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0455	−0.010%	$8.1M	$24.4M	100x	as long as short
Phoenix SUI	+0.0299%	1h	1.0454	−0.022%	$207K	$590K	10x	as long as short
Hyperliquid SUI	+0.0385%	1h	1.0455	−0.010%	$76.1M	$80.7M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0637% / S −0.0324%	1h	1.0451	−0.047%	$909K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0910%	1h	1.0419	−0.352%	$92K	$367K	10x	as long as short