Funding arb · Price arb /

SUI

all SUI markets

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: Paradex against Deribit−0.104%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.104% cheaper against Deribit than usual: you would sell low and buy high (spread −0.104% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 3.5 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SUI_USDC-PERPETUAL	1.0471	0	get 0.0000% / 1h	38m 13s	$203K	$583K	25x
Short	Paradex SUI-USD-PERP	1.0460	0.0100	get 0.0100% / 8h	7h 38m	$27K	$9K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.104%Rate

Funding earned: $20.99
Price spread: −0.104% → 0.000%: −$10.37
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$0.38
Costs to cover: 0.110%
Break-even: 7.1 days

Slippage unknown: Deribit: live order book, 36 min ago; Paradex: no order-book sample. Net counts fees only.

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, 36 min ago	4.83 bp	8.3 bp −$8	14.6 bp −$146	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−1.891%	$42K	$123K	12x	as long as short
Hibachi SUI/USDT-P	−0.0416%	1h	1.0448	−0.215%	$6K	$19K	7x	as long as short
Reya SUIRUSDPERP	−0.0371%	1h	1.0467	−0.033%	$4K	$3K	20x	as long as short
Bluefin SUI-PERP	−0.0241%	1h	1.0460	−0.105%	$600K	$408K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0458	−0.121%	$96K	$169K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0462	−0.082%	$480K	$5.0M	2.5x	as long as short
Deribit SUI_USDC-PERPETUALlong	0.0000%	1h	1.0471	long leg	$203K	$583K	25x
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0472	+0.010%	$121K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0038%	1h	1.0458	−0.123%	$7.3M	$24.0M	50x	as long as short
Phemex SUIUSDT	+0.0068%	8h	1.0454	−0.162%	$11.7M	$25.0M	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	1.0461	−0.096%	$9K	$9K	10x	as long as short
Lighter SUI	+0.0096%	1h	1.0460	−0.108%	$807K	$5.8M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0460	−0.107%	$268K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0467	−0.038%	$33K	$484K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0468	−0.029%	$47K	$314K	20x	as long as short
Paradex SUI-USD-PERPshort	+0.0100%	8h	1.0460	−0.104%	$27K	$9K	30x
Nado SUI-PERP	+0.0100%	1h	1.0468	−0.029%	$660K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0471	+0.001%	$994K	$4.8M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0456	−0.148%	$227K	$256K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0456	−0.143%	$155.3M	$1.02B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0460	−0.101%	$104.8M	$305.7M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0460	−0.105%	$41.7M	$387.4M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0470	−0.010%	$46K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0450	−0.204%	$246K	$813	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0466	−0.048%	$168.7M	$80.5M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0450	−0.201%	$152.2M	$292.5M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0458	−0.124%	$51.1M	$52.9M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0457	−0.134%	$68.9M	$166.2M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0460	−0.105%	—	$81.4M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0460	−0.105%	$680K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0445	−0.249%	$2.3M	$2.9M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0446	−0.238%	$170K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0448	−0.224%	$451K	$7.2M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0462	−0.086%	$240K	$479K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0482	+0.105%	$120K	$757K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0475	+0.038%	$3K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0467	−0.038%	$6K	$2.3M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0456	−0.143%	$652K	$18.6M	75x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0464	−0.069%	$1.5M	$3.9M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0471	−0.005%	$40K	$16K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0200%	1h	1.0469	−0.019%	$994K	$14.3M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0450	−0.201%	$8.1M	$24.4M	100x	as long as short
Phoenix SUI	+0.0299%	1h	1.0454	−0.165%	$207K	$590K	10x	as long as short
Hyperliquid SUI	+0.0367%	1h	1.0487	+0.153%	$76.3M	$78.7M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0638% / S −0.0324%	1h	1.0469	−0.022%	$911K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0895%	1h	1.0441	−0.287%	$93K	$368K	10x	as long as short