Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.016%

Price spread now: Gate against Deribit+0.020%7-day average −0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$460.461% of the position

Long on Deribit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 4 days (all we have)−0.168%−$17 · spread now +0.020%, 7d avg −0.055%

Together, before fees−0.231%−$23 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 Gate is 0.075% dearer against Deribit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.055%. Mind the row above: over the last 7 days funding on this pair cost −0.063%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SUI_USDC-PERPETUAL	1.0141	0	get 0.0000% / 1h	39m 55s	$195K	$536K	25x
Short	Gate SUI_USDT	1.0143	0.0100	get 0.0100% / 8h	7h 39m	$167.1M	$79.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.020%Rate

Funding earned: $21
Price spread: +0.020% → −0.055%: $7.47
Slippage, 4 orders: −$24.06
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$17.59
Costs to cover: 0.461%
Break-even: 12.9 days

Slippage from Deribit: live order book, 59 min ago; Gate: 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, 59 min ago	5.42 bp	8.9 bp −$9	15.2 bp −$152	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	0.99 bp	13.2 bp −$13	20.9 bp −$209	53.4 bp −$5,341	100.2 bp −$50.1K

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	−0.3240%	1h	0.9994	−1.450%	$41K	$113K	12x	as long as short
Reya SUIRUSDPERP	−0.0382%	1h	1.0129	−0.123%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0192%	1h	1.0144	+0.025%	$5K	$17K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0144	+0.032%	$95K	$258K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0147	+0.055%	$378K	$4.2M	2.5x	as long as short
Deribit SUI_USDC-PERPETUALlong	0.0000%	1h	1.0141	long leg	$195K	$536K	25x
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0137	−0.037%	$114K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0150	+0.088%	$749K	$4.8M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0151	+0.097%	$302K	$2.1M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0133	−0.079%	$43K	$529K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0139	−0.020%	$46K	$473K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0142	+0.009%	$27K	$8K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0135	−0.054%	$673K	$2.2M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0148	+0.066%	$903K	$4.3M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0143	+0.024%	$216K	$251K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0147	+0.055%	$145.4M	$981.4M	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0141	0.000%	$97.7M	$305.2M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0141	0.000%	$41.0M	$362.7M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0140	−0.010%	$43K	$321K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0149	+0.077%	$232K	$7K	10x	as long as short
Gate SUI_USDTshort	+0.0100%	8h	1.0143	+0.020%	$167.1M	$79.4M	50x
MEXC SUI_USDT	+0.0100%	8h	1.0147	+0.059%	$100.2M	$287.7M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0150	+0.089%	$51.6M	$51.2M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0140	−0.010%	$67.0M	$166.7M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0147	+0.059%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0144	+0.030%	$665K	$1.3M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0141	−0.002%	$2.4M	$3.3M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0149	+0.076%	$164K	$4.2M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0144	+0.027%	$443K	$7.1M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0153	+0.118%	$205K	$371K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0132	−0.089%	$122K	$518K	10x	as long as short
Bluefin SUI-PERP	+0.0100%	1h	1.0126	−0.148%	$581K	$452K	25x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0154	+0.128%	$2K	$1.5M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0147	+0.059%	$6K	$1.6M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0147	+0.059%	$633K	$18.1M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0150	+0.089%	$11.7M	$28.3M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0138	−0.027%	$1.4M	$4.1M	50x	as long as short
01 Exchange SUIUSD	+0.0104%	1h	1.0131	−0.099%	$8K	$3K	10x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0140	−0.010%	$38K	$11K	3x	as long as short
Hyperliquid SUI	+0.0112%	1h	1.0156	+0.148%	$73.2M	$77.7M	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0145	+0.039%	$7.5M	$24.4M	100x	as long as short
Kraken Futures PF_SUIUSD	+0.0284%	1h	1.0147	+0.058%	$6.8M	$21.4M	50x	as long as short
Coinbase International SUI-PERP-INTX	+0.0360%	1h	1.0175	+0.335%	$1.0M	$14.2M	50x	as long as short
Phoenix SUI	+0.0426%	1h	1.0158	+0.167%	$202K	$395K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0600% / S −0.0263%	1h	1.0161	+0.199%	$934K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1190%	1h	1.0146	+0.053%	$81K	$408K	10x	as long as short