Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.4599%/8h= −503.5% APRpaid last 24h −0.729%

Price spread now: Injective against Gate−0.995%99s7-day average −0.231% · you buy dearer than you sell

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

Long on Gate Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−2.119%−$212 on $10k

Price spread, last 3 days (all we have)+0.857%+$86 · spread now −0.995%, 7d avg −0.231%

Together, before fees−1.262%−$126 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$138 a day on $10k at the current rate, and Injective is 0.764% cheaper against Gate than usual: you would sell low and buy high (−$76 if the spread goes back to its 7-day average of −0.231%). Swap the legs. The two prices were read 99 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SUI_USDT	1.0353	0.0100	pay 0.0100% / 8h	6h 07m	$164.2M	$84.5M	50x
Short	Injective SUI/USDC PERP	1.0250	−0.4499	pay 0.0562% / 1h	7m 23s	$42K	$123K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now −0.995%Rate

Funding earned: −$965.7
Price spread: −0.995% → −0.231%: −$76.37
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1,057.08
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 2 min ago; Injective: live order book, 61 min ago. 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 Gate live order book, 2 min ago	1.45 bp	15.0 bp −$15	31.5 bp −$315	47.1 bp −$4,713	79.8 bp −$39.9K
Sell Injective live order book, 61 min ago	103.28 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

SUI on 45 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 PERPshort	−0.4499%	1h	1.0250	−0.995%	$42K	$123K	12x
Reya SUIRUSDPERP	−0.0373%	1h	1.0357	+0.042%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0304%	1h	1.0374	+0.200%	$6K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0353	−0.001%	$94K	$171K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0368	+0.149%	$507K	$4.9M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0376	+0.222%	$201K	$578K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0363	+0.093%	$113K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0012%	1h	1.0362	+0.084%	$6.8M	$27.0M	50x	as long as short
Bluefin SUI-PERP	+0.0065%	1h	1.0369	+0.155%	$593K	$413K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0366	+0.125%	$815K	$5.7M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SUI	+0.0096%	1h	1.0370	+0.165%	$276K	$2.1M	10x	as long as short
01 Exchange SUIUSD	+0.0096%	1h	1.0356	+0.029%	$9K	$3K	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0351	−0.019%	$31K	$492K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0351	−0.017%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0350	−0.031%	$734K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0365	+0.120%	$910K	$4.9M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0360	+0.066%	$226K	$268K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0352	−0.011%	$151.2M	$1.04B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0352	−0.014%	$102.9M	$311.3M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0351	−0.019%	$40.7M	$387.9M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0360	+0.068%	$44K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0361	+0.073%	$244K	$4K	10x	as long as short
Gate SUI_USDTlong	+0.0100%	8h	1.0353	long leg	$164.2M	$84.5M	50x
MEXC SUI_USDT	+0.0100%	8h	1.0360	+0.068%	$149.9M	$301.3M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0365	+0.116%	$50.8M	$53.7M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0353	0.000%	$67.3M	$170.7M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0364	+0.106%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0366	+0.126%	$675K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0406	+0.509%	$2.4M	$3.2M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0350	−0.031%	$169K	$4.7M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0361	+0.081%	$449K	$7.4M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0344	−0.087%	$236K	$474K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0364	+0.106%	$119K	$716K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0376	+0.222%	$47K	$247K	20x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0380	+0.261%	$2K	$1.8M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0374	+0.203%	$6K	$2.1M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0356	+0.029%	$644K	$19.9M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0365	+0.116%	$11.6M	$25.9M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0354	+0.011%	$1.5M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0380	+0.261%	$39K	$16K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0152%	1h	1.0366	+0.126%	$989K	$14.6M	50x	as long as short
Phoenix SUI	+0.0221%	1h	1.0373	+0.196%	$206K	$595K	10x	as long as short
Hyperliquid SUI	+0.0250%	1h	1.0371	+0.174%	$74.5M	$80.0M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0625% / S −0.0278%	1h	1.0362	+0.084%	$976K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1085%	1h	1.0378	+0.241%	$82K	$382K	10x	as long as short