Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.098%

Price spread now: Coinbase International against Gate−0.089%7-day average +0.131% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$570.574% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.432%+$43 on $10k

Price spread, last 3 days (all we have)+0.286%+$29 · spread now −0.089%, 7d avg +0.131%

Together, before fees+0.718%+$72 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.220% cheaper against Gate than usual: you would sell low and buy high (spread −0.089% now, against its 7-day average of +0.131%). If the spread goes back, that is −$22 on $10k: about 6.3 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	Gate SUI_USDT	1.0148	0.0100	pay 0.0100% / 8h	2h 50m	$163.6M	$80.9M	50x
Short	Coinbase International SUI-PERP-INTX	1.0139	0.0216	get 0.0027% / 1h	50m 32s	$969K	$13.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now −0.089%Rate

Funding earned: $24.36
Price spread: −0.089% → +0.131%: −$21.99
Slippage, 4 orders: −$32.39
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$55.02
Costs to cover: 0.574%
Break-even: 22.8 days

Slippage from Gate: live order book, 3 min ago; Coinbase International: 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 Gate live order book, 3 min ago	1.48 bp	14.1 bp −$14	25.6 bp −$256	44.9 bp −$4,485	78.6 bp −$39.3K
Sell Coinbase International live order book, 4 min ago	4.92 bp	16.1 bp −$16	22.2 bp −$222	doesn't fit	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	1.0055	−0.916%	$41K	$81K	12x	as long as short
Hibachi SUI/USDT-P	−0.0504%	1h	1.0151	+0.031%	$6K	$19K	7x	as long as short
Reya SUIRUSDPERP	−0.0366%	1h	1.0135	−0.129%	$4K	$3K	20x	as long as short
Bluefin SUI-PERP	−0.0126%	1h	1.0127	−0.207%	$579K	$412K	25x	as long as short
Kraken Futures PF_SUIUSD	−0.0022%	1h	1.0142	−0.055%	$6.8M	$23.9M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0150	+0.020%	$93K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0135	−0.132%	$454K	$5.5M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0145	−0.030%	$185K	$547K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0140	−0.076%	$117K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0145	−0.030%	$764K	$5.8M	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	1.0147	−0.006%	$245K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0150	+0.020%	$34K	$504K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0097%	8h	1.0139	−0.089%	$44K	$381K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0150	+0.019%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0150	+0.015%	$593K	$1.4M	10x	as long as short
Hyperliquid SUI	+0.0100%	1h	1.0152	+0.039%	$72.4M	$81.8M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0143	−0.053%	$982K	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0149	+0.013%	$219K	$263K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0149	+0.011%	$150.2M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0154	+0.061%	$102.3M	$308.0M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0150	+0.020%	$40.7M	$381.7M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0150	+0.020%	$146K	$299K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0128	−0.198%	$238K	$2K	10x	as long as short
Gate SUI_USDTlong	+0.0100%	8h	1.0148	long leg	$163.6M	$80.9M	50x
MEXC SUI_USDT	+0.0100%	8h	1.0149	+0.010%	$147.0M	$295.8M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0145	−0.030%	$53.2M	$51.3M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0144	−0.039%	$66.8M	$169.8M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0150	+0.020%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0144	−0.039%	$637K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0140	−0.083%	$2.2M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0151	+0.032%	$163K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0186	+0.377%	$441K	$7.2M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0154	+0.059%	$230K	$444K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0144	−0.039%	$105K	$796K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0156	+0.079%	$3K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0140	−0.079%	$6K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0137	−0.108%	$629K	$19.0M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0139	−0.089%	$11.3M	$24.3M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0149	+0.012%	$1.4M	$3.7M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0150	+0.015%	$48K	$38K	3x	as long as short
Coinbase International SUI-PERP-INTXshort	+0.0216%	1h	1.0139	−0.089%	$969K	$13.9M	50x
BloFin SUI-USDT	+0.0220%	8h	1.0139	−0.089%	$8.0M	$23.7M	100x	as long as short
01 Exchange SUIUSD	+0.0256%	1h	1.0152	+0.039%	$9K	$9K	10x	as long as short
Phoenix SUI	+0.0290%	1h	1.0141	−0.067%	$183K	$578K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0629% / S −0.0300%	1h	1.0139	−0.088%	$869K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0748%	1h	1.0166	+0.174%	$92K	$381K	10x	as long as short