Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.007%

Price spread now: BingX against Deribit−0.019%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$400.402% of the position

Long on Deribit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 3 days (all we have)−0.092%−$9 · spread now −0.019%, 7d avg −0.042%

Together, before fees−0.102%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BingX is 0.023% dearer against Deribit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SUI_USDC-PERPETUAL	1.0262	0	get 0.0000% / 1h	22m 11s	$190K	$562K	25x
Short	BingX SUI-USDC	1.0260	0.0100	get 0.0100% / 8h	1h 22m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.019%Rate

Funding earned: $21
Price spread: −0.019% → −0.042%: $2.28
Slippage, 4 orders: −$23.2
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$16.92
Costs to cover: 0.402%
Break-even: 12.6 days

Slippage from Deribit: live order book, 62 min ago; BingX: live order book, 4 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, 62 min ago	3.44 bp	7.7 bp −$8	14.5 bp −$145	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	0.98 bp	12.4 bp −$12	16.7 bp −$167	68.7 bp −$6,867	105.0 bp −$52.5K

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	−0.2926%	1h	1.0179	−0.809%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0368%	1h	1.0257	−0.051%	$4K	$3K	20x	as long as short
Bluefin SUI-PERP	−0.0209%	1h	1.0248	−0.136%	$588K	$405K	25x	as long as short
Hibachi SUI/USDT-P	−0.0208%	1h	1.0265	+0.029%	$6K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0260	−0.024%	$94K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0263	+0.011%	$457K	$5.5M	2.5x	as long as short
Deribit SUI_USDC-PERPETUALlong	0.0000%	1h	1.0262	long leg	$190K	$562K	25x
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0259	−0.028%	$119K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0263	+0.009%	$787K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0266	+0.043%	$259K	$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
Popdex SUIUSDT	+0.0096%	1h	1.0259	−0.029%	$37K	$500K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0098%	8h	1.0257	−0.049%	$45K	$371K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0261	−0.006%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0264	+0.015%	$593K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0260	−0.019%	$1.0M	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0260	−0.020%	$223K	$263K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0261	−0.010%	$151.1M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0263	+0.009%	$102.9M	$307.1M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0262	0.000%	$40.9M	$383.6M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0270	+0.078%	$45K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0242	−0.195%	$241K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0259	−0.029%	$165.0M	$80.8M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0262	0.000%	$148.6M	$296.8M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0259	−0.029%	$51.6M	$52.2M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0256	−0.058%	$67.4M	$168.5M	75x	as long as short
BingX SUI-USDCshort	+0.0100%	8h	1.0260	−0.019%	—	$6.5M	—
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0249	−0.127%	$650K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0256	−0.056%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0252	−0.098%	$165K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0268	+0.060%	$445K	$7.0M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0259	−0.029%	$233K	$441K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0265	+0.029%	$107K	$793K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0269	+0.068%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0262	0.000%	$6K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0257	−0.049%	$627K	$18.6M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0260	−0.019%	$11.5M	$24.7M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0259	−0.024%	$1.4M	$3.7M	50x	as long as short
01 Exchange SUIUSD	+0.0104%	1h	1.0262	0.000%	$9K	$9K	10x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0261	−0.008%	$48K	$37K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0248	−0.136%	$7.9M	$23.8M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0260	−0.019%	$967K	$13.9M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0296%	1h	1.0264	+0.022%	$7.2M	$24.2M	50x	as long as short
Phoenix SUI	+0.0346%	1h	1.0275	+0.132%	$203K	$574K	10x	as long as short
Hyperliquid SUI	+0.0523%	1h	1.0273	+0.107%	$73.2M	$80.5M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0636% / S −0.0309%	1h	1.0258	−0.040%	$896K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0731%	1h	1.0266	+0.042%	$94K	$382K	10x	as long as short