Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.022%

Price spread now: MEXC against dYdX+0.188%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1281.285% of the position

Long on dYdX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.152%+$15 on $10k

Price spread, last 4 days (all we have)−0.242%−$24 · spread now +0.188%, 7d avg 0.000%

Together, before fees−0.089%−$9 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 MEXC is 0.188% dearer against dYdX than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX SUI-USD	1.0457	0	get 0.0000% / 1h	37m 26s	$96K	$169K	10x
Short	MEXC SUI_USDT	1.0477	0.0100	get 0.0100% / 8h	7h 37m	$153.2M	$292.6M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against dYdX. 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 dYdXbpFee MEXCbpOrdersPrice spread, now +0.188%Rate

Funding earned: $21
Price spread: +0.188% → 0.000%: $18.84
Slippage, 4 orders: −$118.46
Fee dYdX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$88.62
Costs to cover: 1.285%
Break-even: 36.5 days

Slippage from dYdX: live order book, 57 min ago; MEXC: live order book, 2 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 dYdX live order book, 57 min ago	55.81 bp	60.8 bp −$61	86.2 bp −$862	158.9 bp −$15.9K	225.7 bp −$112.8K
Sell MEXC live order book, 2 min ago	2.39 bp	3.9 bp −$4	6.3 bp −$63	23.4 bp −$2,335	98.3 bp −$49.1K

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	−0.3416%	1h	1.0273	−1.763%	$42K	$123K	12x	as long as short
Hibachi SUI/USDT-P	−0.0416%	1h	1.0463	+0.051%	$6K	$19K	7x	as long as short
Reya SUIRUSDPERP	−0.0371%	1h	1.0471	+0.131%	$4K	$3K	20x	as long as short
Bluefin SUI-PERP	−0.0241%	1h	1.0460	+0.026%	$600K	$408K	25x	as long as short
dYdX SUI-USDlong	0.0000%	1h	1.0457	long leg	$96K	$169K	10x
Kalshi KXSUIPERP	0.0000%	8h	1.0462	+0.049%	$480K	$5.0M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0471	+0.131%	$203K	$583K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0472	+0.140%	$121K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0038%	1h	1.0458	+0.008%	$7.3M	$24.0M	50x	as long as short
Phemex SUIUSDT	+0.0068%	8h	1.0454	−0.032%	$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	1.0472	+0.140%	$9K	$9K	10x	as long as short
Lighter SUI	+0.0096%	1h	1.0465	+0.070%	$808K	$5.8M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0464	+0.068%	$268K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0467	+0.093%	$33K	$485K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0468	+0.102%	$47K	$314K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0458	+0.008%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0474	+0.164%	$659K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0466	+0.081%	$994K	$4.8M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0462	+0.048%	$227K	$256K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0478	+0.198%	$155.7M	$1.02B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0481	+0.226%	$105.0M	$305.8M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0475	+0.169%	$41.7M	$386.9M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0470	+0.121%	$46K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0450	−0.073%	$246K	$813	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0460	+0.026%	$168.6M	$80.5M	50x	as long as short
MEXC SUI_USDTshort	+0.0100%	8h	1.0477	+0.188%	$153.2M	$292.6M	300x
KuCoin SUIUSDTM	+0.0100%	8h	1.0475	+0.169%	$51.1M	$52.9M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0475	+0.169%	$69.0M	$166.0M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0459	+0.016%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0460	+0.026%	$680K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0445	−0.119%	$2.3M	$2.9M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0449	−0.082%	$170K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0444	−0.127%	$452K	$7.3M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0443	−0.137%	$240K	$479K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0487	+0.284%	$120K	$757K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0475	+0.169%	$3K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0467	+0.093%	$6K	$2.3M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0456	−0.013%	$652K	$18.6M	75x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0461	+0.038%	$1.5M	$3.9M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0471	+0.126%	$40K	$16K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0200%	1h	1.0469	+0.112%	$994K	$14.3M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0450	−0.070%	$8.1M	$24.4M	100x	as long as short
Phoenix SUI	+0.0299%	1h	1.0454	−0.035%	$207K	$590K	10x	as long as short
Hyperliquid SUI	+0.0371%	1h	1.0491	+0.322%	$76.3M	$78.7M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0638% / S −0.0324%	1h	1.0469	+0.109%	$911K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0869%	1h	1.0445	−0.113%	$93K	$368K	10x	as long as short