Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.029%

Price spread now: HTX against gTrade (Gains Network)−0.020%7-day average +0.012% · 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−$301as in the Price arb table

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

Long on gTrade (Gains Network)Short on HTX

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)+0.105%+$10 · spread now −0.020%, 7d avg +0.012%

Together, before fees+0.192%+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 0.032% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.020% now, against its 7-day average of +0.012%). If the spread goes back, that is −$3 on $10k: about 26 hours 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	1.0192	L +0.0003% / S −0.0002%	pay 0.0000% / 1h	59m 34s	$118K	—	150x
Short	HTX SUI-USDT	1.0190	0.0100	get 0.0100% / 8h	1h 59m	$619K	$18.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.020%Rate

Funding earned: $20.42
Price spread: −0.020% → +0.012%: −$3.15
Slippage, 4 orders: −$275.85
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$280.59
Costs to cover: 2.979%
Break-even: 103.2 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 24 min ago; HTX: live order book, 5 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), 24 min ago	130.04 bp	142.8 bp −$143	977.3 bp −$9,773	10438.7 bp −$1.04M	doesn't fit
Sell HTX live order book, 5 min ago	1.97 bp	11.4 bp −$11	22.5 bp −$225	43.9 bp −$4,388	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	−0.2398%	1h	1.0068	−1.217%	$41K	$123K	12x	as long as short
Hibachi SUI/USDT-P	−0.0472%	1h	1.0191	−0.006%	$6K	$18K	7x	as long as short
Reya SUIRUSDPERP	−0.0367%	1h	1.0190	−0.023%	$4K	$3K	20x	as long as short
Bluefin SUI-PERP	−0.0109%	1h	1.0179	−0.128%	$583K	$405K	25x	as long as short
Kraken Futures PF_SUIUSD	−0.0022%	1h	1.0191	−0.011%	$7.0M	$24.0M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0169	−0.226%	$93K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0197	+0.046%	$456K	$5.5M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0194	+0.020%	$186K	$547K	25x	as long as short
gTrade (Gains Network) SUI/USDlong	L +0.0003% / S −0.0002%	1h	1.0192	long leg	$118K	—	150x
01 Exchange SUIUSD	+0.0072%	1h	1.0186	−0.059%	$9K	$9K	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SUI	+0.0096%	1h	1.0177	−0.142%	$778K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0180	−0.121%	$251K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0192	0.000%	$36K	$503K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0098%	8h	1.0191	−0.010%	$45K	$376K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0177	−0.149%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0191	−0.015%	$595K	$1.3M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0180	−0.117%	$997K	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0180	−0.122%	$220K	$261K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0194	+0.023%	$151.1M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0202	+0.098%	$102.1M	$306.8M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0174	−0.177%	$40.8M	$381.1M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0180	−0.118%	$147K	$297K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0202	+0.094%	$240K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0178	−0.137%	$164.0M	$80.4M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0177	−0.147%	$147.7M	$292.4M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0174	−0.177%	$51.5M	$51.9M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0174	−0.177%	$66.9M	$168.8M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0178	−0.137%	—	$81.9M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0184	−0.078%	$647K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0201	+0.089%	$2.2M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0200	+0.074%	$164K	$4.4M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0191	−0.011%	$440K	$7.1M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0204	+0.118%	$231K	$445K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0199	+0.069%	$106K	$785K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0210	+0.177%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0190	−0.020%	$6K	$2.4M	10x	as long as short
HTX SUI-USDTshort	+0.0100%	8h	1.0190	−0.020%	$619K	$18.7M	75x
Phemex SUIUSDT	+0.0100%	8h	1.0189	−0.029%	$11.4M	$24.6M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0176	−0.161%	$1.4M	$3.7M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0190	−0.020%	$48K	$37K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0216%	1h	1.0205	+0.128%	$979K	$13.7M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0204	+0.118%	$8.0M	$23.8M	100x	as long as short
Phoenix SUI	+0.0290%	1h	1.0194	+0.022%	$184K	$578K	10x	as long as short
Hyperliquid SUI	+0.0414%	1h	1.0183	−0.088%	$72.5M	$81.4M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0637% / S −0.0311%	1h	1.0190	−0.016%	$894K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0655%	1h	1.0190	−0.019%	$91K	$381K	10x	as long as short