Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.027%

Price spread now: Orderly against dYdX+0.008%7-day average +0.008% · you sell dearer than you buy

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

Long on dYdX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.200%+$20 on $10k

Price spread, last 4 days (all we have)+0.045%+$4 · spread now +0.008%, 7d avg +0.008%

Together, before fees+0.245%+$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.008%, 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	dYdX SUI-USD	1.0361	0	get 0.0000% / 1h	55m 26s	$130K	$227K	10x
Short	Orderly PERP_SUI_USDC	1.0362	0.0100	get 0.0100% / 8h	3h 55m	$48K	$144K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.008%Rate

Funding earned: $21
Price spread: +0.008% → +0.008%: $0.04
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $5.04
Costs to cover: 0.160%
Break-even: 5.3 days

Slippage unknown: dYdX: live order book, 19 min ago; Orderly: 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 dYdX live order book, 19 min ago	30.82 bp	112.0 bp −$112	346.3 bp −$3,463	796.7 bp −$79.7K	954.1 bp −$477.0K
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.3470%	1h	1.0250	−1.073%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0376%	1h	1.0354	−0.070%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0312%	1h	1.0356	−0.054%	$6K	$19K	7x	as long as short
Kraken Futures PF_SUIUSD	−0.0067%	1h	1.0364	+0.026%	$6.8M	$26.9M	50x	as long as short
dYdX SUI-USDlong	0.0000%	1h	1.0361	long leg	$130K	$227K	10x
Kalshi KXSUIPERP	0.0000%	8h	1.0345	−0.155%	$496K	$5.0M	2.5x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0359	−0.021%	$116K	—	150x	as long as short
Bluefin SUI-PERP	+0.0015%	1h	1.0350	−0.107%	$592K	$406K	25x	as long as short
Deribit SUI_USDC-PERPETUAL	+0.0039%	1h	1.0367	+0.057%	$201K	$573K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0367	+0.060%	$800K	$5.4M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SUI	+0.0096%	1h	1.0363	+0.018%	$299K	$2.2M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0360	−0.011%	$42K	$511K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0361	−0.004%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0355	−0.054%	$584K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0363	+0.017%	$906K	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0365	+0.039%	$224K	$259K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0359	−0.022%	$150.1M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0364	+0.028%	$101.8M	$310.0M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0363	+0.018%	$40.7M	$388.5M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0360	−0.011%	$44K	$330K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0339	−0.214%	$243K	$6K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0358	−0.030%	$169.8M	$80.8M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0357	−0.040%	$152.9M	$291.9M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0355	−0.059%	$49.9M	$53.9M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0358	−0.030%	$67.6M	$172.5M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0360	−0.011%	—	$82.6M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0353	−0.079%	$654K	$1.4M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0363	+0.015%	$2.5M	$3.4M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0362	+0.008%	$170K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0356	−0.052%	$452K	$7.6M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0364	+0.028%	$228K	$429K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0365	+0.037%	$123K	$746K	10x	as long as short
Orderly PERP_SUI_USDCshort	+0.0100%	8h	1.0362	+0.008%	$48K	$144K	20x
SunX SUI-USDT	+0.0100%	8h	1.0332	−0.281%	$2K	$1.7M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0360	−0.011%	$14K	$2.1M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0357	−0.040%	$585K	$19.7M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0362	+0.008%	$11.9M	$26.8M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0358	−0.034%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0369	+0.071%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0144%	1h	1.0361	−0.001%	$9K	$2K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0354	−0.069%	$7.9M	$24.8M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0371	+0.095%	$975K	$15.0M	50x	as long as short
Hyperliquid SUI	+0.0381%	1h	1.0370	+0.086%	$75.0M	$81.6M	10x	as long as short
Phoenix SUI	+0.0390%	1h	1.0371	+0.090%	$210K	$415K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0612% / S −0.0267%	1h	1.0356	−0.046%	$957K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1505%	1h	1.0371	+0.091%	$83K	$402K	10x	as long as short