Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.029%

Price spread now: BingX against gTrade (Gains Network)−0.097%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$307as in the Price arb table

costs, in and out, $10k−$2982.979% of the position

Long on gTrade (Gains Network)Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.097%+$10 on $10k

Price spread, last 4 days (all we have)+0.182%+$18 · spread now −0.097%, 7d avg −0.003%

Together, before fees+0.279%+$28 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.094% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.097% now, against its 7-day average of −0.003%). If the spread goes back, that is −$9 on $10k: about 3.2 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	gTrade (Gains Network) SUI/USD	1.0402	L +0.0003% / S −0.0003%	pay 0.0000% / 1h	46m 53s	$113K	—	150x
Short	BingX SUI-USDC	1.0392	0.0100	get 0.0100% / 8h	4h 46m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BingXbpOrdersPrice spread, now −0.097%Rate

Funding earned: $20.42
Price spread: −0.097% → −0.003%: −$9.44
Slippage, 4 orders: −$277.88
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$286.9
Costs to cover: 2.979%
Break-even: 105.4 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 12 min ago; BingX: live order book, 4 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 gTrade (Gains Network) virtual book (oracle venue), 12 min ago	130.07 bp	142.9 bp −$143	977.3 bp −$9,773	10438.7 bp −$1.04M	doesn't fit
Sell BingX live order book, 4 min ago	0.96 bp	9.7 bp −$10	14.6 bp −$146	63.1 bp −$6,314	92.8 bp −$46.4K

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	−0.3244%	1h	1.0316	−0.828%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0375%	1h	1.0402	−0.002%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0304%	1h	1.0405	+0.032%	$6K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0408	+0.058%	$131K	$227K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0388	−0.132%	$519K	$4.9M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0394	−0.078%	$202K	$574K	25x	as long as short
gTrade (Gains Network) SUI/USDlong	L +0.0003% / S −0.0003%	1h	1.0402	long leg	$113K	—	150x
Lighter SUI	+0.0096%	1h	1.0402	+0.002%	$828K	$5.5M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0402	−0.005%	$297K	$2.2M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0412	+0.095%	$39K	$515K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex SUI-USD-PERP	+0.0100%	8h	1.0413	+0.106%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0400	−0.020%	$687K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0407	+0.049%	$911K	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0409	+0.069%	$225K	$260K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0394	−0.077%	$151.4M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0387	−0.146%	$102.9M	$310.5M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0385	−0.164%	$41.2M	$388.1M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0420	+0.172%	$45K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0476	+0.710%	$246K	$6K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0395	−0.068%	$165.6M	$82.9M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0395	−0.068%	$151.5M	$293.3M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0400	−0.020%	$49.9M	$54.2M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0384	−0.174%	$67.9M	$171.4M	75x	as long as short
BingX SUI-USDCshort	+0.0100%	8h	1.0392	−0.097%	—	$6.5M	—
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0402	−0.001%	$682K	$1.4M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0401	−0.014%	$2.4M	$3.3M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0392	−0.098%	$169K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0403	+0.010%	$458K	$7.7M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0390	−0.116%	$232K	$486K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0420	+0.172%	$124K	$757K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0395	−0.068%	$48K	$195K	20x	as long as short
Bluefin SUI-PERP	+0.0100%	1h	1.0384	−0.174%	$594K	$402K	25x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0407	+0.047%	$2K	$1.8M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0397	−0.049%	$14K	$2.1M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0404	+0.018%	$572K	$19.7M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0402	−0.001%	$12.0M	$26.6M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0393	−0.085%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0399	−0.027%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0112%	1h	1.0419	+0.162%	$9K	$3K	10x	as long as short
Kraken Futures PF_SUIUSD	+0.0162%	1h	1.0398	−0.036%	$6.9M	$27.0M	50x	as long as short
Coinbase International SUI-PERP-INTX	+0.0216%	1h	1.0413	+0.105%	$1.0M	$15.0M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0406	+0.037%	$8.0M	$25.0M	100x	as long as short
Phoenix SUI	+0.0390%	1h	1.0402	−0.004%	$211K	$421K	10x	as long as short
Hyperliquid SUI	+0.0448%	1h	1.0417	+0.143%	$75.7M	$81.5M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0616% / S −0.0267%	1h	1.0403	+0.010%	$961K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1535%	1h	1.0427	+0.238%	$83K	$395K	10x	as long as short