Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0042%/8h= −4.6% APRpaid last 24h +0.007%

Price spread now: MEXC against Deribit−0.029%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$190.190% of the position

Long on Deribit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now −0.029%, 7d avg −0.047%

Together, before fees−0.048%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.047%, so right now this pair is about funding alone: −$1 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	1.0199	0.0142	pay 0.0018% / 1h	6m 36s	$196K	$558K	25x
Short	MEXC SUI_USDT	1.0196	0.0100	get 0.0100% / 8h	1h 06m	$153.5M	$293.2M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.029%Rate

Funding earned: −$8.82
Price spread: −0.029% → −0.047%: $1.74
Slippage, 4 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: −$26.08
Costs to cover: 0.190%
Break-even: never at this rate

Slippage from Deribit: live order book, 37 min ago; MEXC: 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, 37 min ago	4.93 bp	8.4 bp −$8	15.7 bp −$157	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.49 bp	0.5 bp $0	3.0 bp −$30	17.9 bp −$1,794	85.6 bp −$42.8K

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	−0.3536%	1h	1.0106	−0.912%	$42K	$113K	12x	as long as short
Reya SUIRUSDPERP	−0.0380%	1h	1.0189	−0.094%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0248%	1h	1.0167	−0.313%	$5K	$20K	7x	as long as short
Bluefin SUI-PERP	−0.0093%	1h	1.0182	−0.167%	$584K	$421K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0195	−0.039%	$96K	$257K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0183	−0.160%	$376K	$4.4M	2.5x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0193	−0.057%	$115K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0198	−0.005%	$771K	$5.4M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0199	+0.003%	$298K	$2.2M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0198	−0.010%	$39K	$522K	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	1.0195	−0.039%	$47K	$224K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0194	−0.044%	$27K	$8K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0190	−0.083%	$691K	$2.2M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0198	−0.013%	$899K	$4.2M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0197	−0.018%	$217K	$257K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0198	−0.012%	$146.7M	$1.00B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0194	−0.045%	$99.0M	$312.9M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0196	−0.029%	$41.1M	$373.1M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0200	+0.010%	$43K	$330K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0183	−0.152%	$239K	$454	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0196	−0.029%	$168.5M	$84.0M	50x	as long as short
MEXC SUI_USDTshort	+0.0100%	8h	1.0196	−0.029%	$153.5M	$293.2M	300x
KuCoin SUIUSDTM	+0.0100%	8h	1.0195	−0.039%	$50.2M	$52.5M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0190	−0.088%	$67.2M	$170.4M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0195	−0.039%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0196	−0.029%	$670K	$1.4M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0177	−0.219%	$2.4M	$3.5M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0177	−0.212%	$163K	$4.4M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0172	−0.265%	$437K	$7.1M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0182	−0.167%	$223K	$377K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0203	+0.039%	$126K	$589K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0190	−0.088%	$2K	$1.6M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0197	−0.020%	$6K	$1.8M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0197	−0.020%	$639K	$18.4M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0190	−0.088%	$11.8M	$28.2M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0190	−0.091%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0196	−0.032%	$39K	$11K	3x	as long as short
Deribit SUI_USDC-PERPETUALlong	+0.0142%	1h	1.0199	long leg	$196K	$558K	25x
01 Exchange SUIUSD	+0.0184%	1h	1.0201	+0.020%	$9K	$2K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0199	0.000%	$7.6M	$24.5M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0280%	1h	1.0178	−0.206%	$1.0M	$14.5M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0364%	1h	1.0201	+0.023%	$6.8M	$22.0M	50x	as long as short
Hyperliquid SUI	+0.0387%	1h	1.0202	+0.029%	$73.5M	$80.3M	10x	as long as short
Phoenix SUI	+0.0431%	1h	1.0192	−0.069%	$202K	$413K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0601% / S −0.0263%	1h	1.0194	−0.051%	$936K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1348%	1h	1.0194	−0.048%	$82K	$409K	10x	as long as short