Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0267%/8h= +29.3% APRpaid last 24h +0.015%

Price spread now: Kraken Futures against Gate+0.017%7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$470.473% of the position

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.145%+$14 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.017%, 7d avg +0.047%

Together, before fees+0.149%+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.030% cheaper against Gate than usual: you would sell low and buy high (spread +0.017% now, against its 7-day average of +0.047%). If the spread goes back, that is −$3 on $10k: about 9 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.145% in total) that is about 34 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.145% in total (about 7.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SUI_USDT	1.0097	0.0100	pay 0.0100% / 8h	1h 35m	$165.0M	$83.2M	50x
Short	Kraken Futures PF_SUIUSD	1.0099	0.0367	get 0.0046% / 1h	35m 22s	$6.7M	$22.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.017%Rate

Funding earned: $56.16
Price spread: +0.017% → +0.047%: −$2.97
Slippage, 4 orders: −$22.32
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $5.87
Costs to cover: 0.473%
Break-even: 6.3 days

Slippage from Gate: live order book, 4 min ago; Kraken Futures: 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, 4 min ago	0.50 bp	13.1 bp −$13	24.1 bp −$241	41.0 bp −$4,104	74.0 bp −$37.0K
Sell Kraken Futures live order book, 4 min ago	0.49 bp	11.9 bp −$12	16.4 bp −$164	36.0 bp −$3,603	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	−0.3536%	1h	1.0009	−0.872%	$41K	$113K	12x	as long as short
Reya SUIRUSDPERP	−0.0379%	1h	1.0093	−0.039%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0184%	1h	1.0092	−0.053%	$5K	$21K	7x	as long as short
Bluefin SUI-PERP	−0.0052%	1h	1.0081	−0.158%	$578K	$425K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0100	+0.030%	$95K	$294K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0104	+0.073%	$373K	$4.9M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0097	0.000%	$194K	$563K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0094	−0.025%	$114K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0102	+0.050%	$784K	$5.3M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0103	+0.059%	$295K	$2.2M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex SUIUSDT	+0.0096%	1h	1.0099	+0.020%	$36K	$523K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0095	−0.020%	$46K	$212K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0098	+0.013%	$26K	$8K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0095	−0.020%	$533K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0097	+0.003%	$891K	$4.3M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0103	+0.057%	$216K	$261K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0097	+0.003%	$144.5M	$1.02B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0093	−0.040%	$98.2M	$316.6M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0093	−0.040%	$40.7M	$377.2M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0100	+0.030%	$43K	$329K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0133	+0.357%	$238K	$2K	10x	as long as short
Gate SUI_USDTlong	+0.0100%	8h	1.0097	long leg	$165.0M	$83.2M	50x
MEXC SUI_USDT	+0.0100%	8h	1.0098	+0.010%	$150.8M	$291.6M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0099	+0.020%	$49.3M	$53.0M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0092	−0.050%	$66.5M	$173.5M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0097	0.000%	—	$87.4M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0099	+0.020%	$665K	$1.3M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0089	−0.082%	$2.4M	$3.4M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0114	+0.166%	$164K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0093	−0.040%	$437K	$7.4M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0117	+0.198%	$222K	$394K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0103	+0.059%	$125K	$677K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0110	+0.129%	$2K	$1.6M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0099	+0.020%	$6K	$1.8M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0096	−0.010%	$613K	$18.7M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0101	+0.040%	$11.7M	$28.1M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0093	−0.043%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0096	−0.010%	$38K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0192%	1h	1.0104	+0.069%	$9K	$2K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0107	+0.099%	$7.6M	$24.4M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0280%	1h	1.0117	+0.198%	$1.0M	$14.7M	50x	as long as short
Kraken Futures PF_SUIUSDshort	+0.0367%	1h	1.0099	+0.017%	$6.7M	$22.6M	50x
Phoenix SUI	+0.0431%	1h	1.0120	+0.229%	$200K	$413K	10x	as long as short
Hyperliquid SUI	+0.0481%	1h	1.0109	+0.119%	$72.7M	$81.7M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0598% / S −0.0263%	1h	1.0092	−0.049%	$928K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1415%	1h	1.0119	+0.219%	$82K	$410K	10x	as long as short