Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bybit against gTrade (Gains Network)−0.166%7-day average −0.006% · 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−$310as in the Price arb table

costs, in and out, $10k−$2942.935% of the position

Long on gTrade (Gains Network)Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.087%+$9 on $10k

Price spread, last 3 days (all we have)+0.219%+$22 · spread now −0.166%, 7d avg −0.006%

Together, before fees+0.307%+$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.161% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.166% now, against its 7-day average of −0.006%). If the spread goes back, that is −$16 on $10k: about 5.5 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	gTrade (Gains Network) SUI/USD	1.0462	L +0.0003% / S −0.0002%	pay 0.0000% / 1h	0m 18s	$120K	—	150x
Short	Bybit SUIUSDT	1.0445	0.0100	get 0.0100% / 8h	0m 18s	$105.1M	$308.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.166%Rate

Funding earned: $20.42
Price spread: −0.166% → −0.006%: −$16.08
Slippage, 4 orders: −$272.53
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$289.19
Costs to cover: 2.935%
Break-even: 106.1 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 14 min ago; Bybit: live order book, 9 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), 14 min ago	130.07 bp	142.9 bp −$143	977.3 bp −$9,773	10438.7 bp −$1.04M	doesn't fit
Sell Bybit live order book, 9 min ago	0.48 bp	7.4 bp −$7	11.6 bp −$116	35.0 bp −$3,501	doesn't fit

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	−0.3474%	1h	1.0260	−1.932%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0370%	1h	1.0461	−0.014%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0360%	1h	1.0398	−0.609%	$6K	$19K	7x	as long as short
Bluefin SUI-PERP	−0.0082%	1h	1.0380	−0.785%	$595K	$407K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0460	−0.016%	$96K	$175K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0451	−0.105%	$468K	$5.2M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0453	−0.087%	$203K	$587K	25x	as long as short
gTrade (Gains Network) SUI/USDlong	L +0.0003% / S −0.0002%	1h	1.0462	long leg	$120K	—	150x
01 Exchange SUIUSD	+0.0088%	1h	1.0471	+0.085%	$9K	$9K	10x	as long as short
Lighter SUI	+0.0096%	1h	1.0449	−0.124%	$803K	$6.0M	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	1.0448	−0.133%	$262K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0460	−0.020%	$32K	$494K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0448	−0.135%	$47K	$328K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0461	−0.006%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0460	−0.015%	$660K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0463	+0.009%	$1.0M	$4.8M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0467	+0.043%	$227K	$259K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0444	−0.169%	$154.9M	$1.03B	75x	as long as short
Bybit SUIUSDTshort	+0.0100%	8h	1.0445	−0.166%	$105.1M	$308.4M	50x
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0435	−0.259%	$42.0M	$391.6M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0460	−0.020%	$46K	$387K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0465	+0.028%	$168.2M	$82.0M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0468	+0.056%	$152.3M	$293.4M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0462	−0.001%	$51.6M	$52.8M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0445	−0.163%	$68.7M	$168.2M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0463	+0.009%	—	$81.6M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0448	−0.135%	$675K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0392	−0.669%	$2.3M	$2.9M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0390	−0.686%	$169K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0382	−0.768%	$446K	$7.1M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0393	−0.660%	$236K	$444K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0471	+0.085%	$109K	$772K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0479	+0.162%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0450	−0.116%	$6K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0444	−0.173%	$655K	$18.6M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0441	−0.202%	$11.7M	$25.0M	50x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0379	−0.798%	$244K	$2K	10x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0447	−0.145%	$1.5M	$3.8M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0458	−0.039%	$49K	$37K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0434	−0.269%	$8.0M	$24.4M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0224%	1h	1.0469	+0.066%	$1.0M	$14.2M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0270%	1h	1.0453	−0.082%	$7.3M	$24.4M	50x	as long as short
Phoenix SUI	+0.0327%	1h	1.0412	−0.477%	$207K	$593K	10x	as long as short
Hyperliquid SUI	+0.0617%	1h	1.0476	+0.133%	$76.1M	$81.1M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0641% / S −0.0316%	1h	1.0460	−0.020%	$895K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0838%	1h	1.0405	−0.544%	$94K	$382K	10x	as long as short