Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.006%

Price spread now: KuCoin against Deribit−0.039%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$420.424% of the position

Long on Deribit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 3 days (all we have)−0.053%−$5 · spread now −0.039%, 7d avg −0.022%

Together, before fees−0.076%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.022%, 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	1.0194	0	get 0.0000% / 1h	10m 09s	$186K	$551K	25x
Short	KuCoin SUIUSDTM	1.0190	0.0100	get 0.0100% / 8h	2h 10m	$52.1M	$51.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.039%Rate

Funding earned: $21
Price spread: −0.039% → −0.022%: −$1.69
Slippage, 4 orders: −$23.36
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$23.05
Costs to cover: 0.424%
Break-even: 14.7 days

Slippage from Deribit: live order book, 14 min ago; KuCoin: live order book, 9 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, 14 min ago	3.44 bp	7.7 bp −$8	14.5 bp −$145	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	1.47 bp	14.0 bp −$14	37.8 bp −$378	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	−0.2398%	1h	1.0089	−1.030%	$41K	$123K	12x	as long as short
Hibachi SUI/USDT-P	−0.0496%	1h	1.0173	−0.205%	$6K	$18K	7x	as long as short
Reya SUIRUSDPERP	−0.0367%	1h	1.0193	−0.013%	$4K	$3K	20x	as long as short
Bluefin SUI-PERP	−0.0118%	1h	1.0177	−0.167%	$583K	$406K	25x	as long as short
Kraken Futures PF_SUIUSD	−0.0022%	1h	1.0196	+0.019%	$7.0M	$24.0M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0192	−0.017%	$93K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0200	+0.056%	$457K	$5.5M	2.5x	as long as short
Deribit SUI_USDC-PERPETUALlong	0.0000%	1h	1.0194	long leg	$186K	$551K	25x
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0196	+0.018%	$118K	—	150x	as long as short
01 Exchange SUIUSD	+0.0088%	1h	1.0197	+0.029%	$9K	$9K	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SUI	+0.0096%	1h	1.0191	−0.033%	$775K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0194	−0.002%	$252K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0194	0.000%	$36K	$503K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0098%	8h	1.0191	−0.029%	$45K	$377K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0194	+0.004%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0194	0.000%	$595K	$1.3M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0195	+0.014%	$999K	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0196	+0.020%	$220K	$261K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0188	−0.055%	$151.0M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0190	−0.040%	$102.0M	$307.0M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0186	−0.078%	$40.9M	$381.9M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0200	+0.059%	$147K	$297K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0178	−0.152%	$239K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0193	−0.010%	$164.2M	$81.2M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0189	−0.049%	$147.6M	$299.1M	300x	as long as short
KuCoin SUIUSDTMshort	+0.0100%	8h	1.0190	−0.039%	$52.1M	$51.5M	75x
Bitget SUIUSDT	+0.0100%	8h	1.0183	−0.108%	$66.9M	$168.9M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0189	−0.049%	—	$81.9M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0187	−0.069%	$648K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0181	−0.124%	$2.2M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0193	−0.007%	$164K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0170	−0.234%	$439K	$7.1M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0196	+0.020%	$231K	$444K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0200	+0.059%	$106K	$785K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0209	+0.147%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0189	−0.049%	$7K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0192	−0.020%	$620K	$18.8M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0191	−0.029%	$11.4M	$24.5M	50x	as long as short
Hyperliquid SUI	+0.0100%	1h	1.0204	+0.098%	$72.6M	$82.0M	10x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0189	−0.050%	$1.4M	$3.7M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0190	−0.039%	$48K	$37K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0216%	1h	1.0203	+0.088%	$977K	$13.7M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0190	−0.039%	$8.0M	$23.7M	100x	as long as short
Phoenix SUI	+0.0290%	1h	1.0186	−0.079%	$184K	$578K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0631% / S −0.0300%	1h	1.0194	−0.003%	$874K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0671%	1h	1.0191	−0.026%	$91K	$381K	10x	as long as short