Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h +0.061%

Price spread now: Coinbase International against GRVT+0.060%7-day average +0.124% · you sell dearer than you buy

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$480.482% of the position

Long on GRVT Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.371%+$37 on $10k

Price spread, last 4 days (all we have)+0.128%+$13 · spread now +0.060%, 7d avg +0.124%

Together, before fees+0.499%+ Points / potential airdropGRVT: Active · farm board+$50 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.064% cheaper against GRVT than usual: you would sell low and buy high (spread +0.060% now, against its 7-day average of +0.124%). If the spread goes back, that is −$6 on $10k: about 35 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT SUI_USDT_Perp	1.0032	0.0100	pay 0.0100% / 8h	2h 23m	$439K	$7.5M	10x
Short	Coinbase International SUI-PERP-INTX	1.0038	0.0248	get 0.0031% / 1h	23m 00s	$951K	$14.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against GRVT. 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 GRVTbpFee Coinbase InternationalbpOrdersPrice spread, now +0.060%Rate

Funding earned: $31.08
Price spread: +0.060% → +0.124%: −$6.39
Slippage, 4 orders: −$29.17
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$23.48
Costs to cover: 0.482%
Break-even: 12.3 days

Slippage from GRVT: live order book, 6 min ago; Coinbase International: live order book, 1 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 GRVT live order book, 6 min ago	1.00 bp	10.4 bp −$10	18.5 bp −$185	2898.4 bp −$289.8K	doesn't fit
Sell Coinbase International live order book, 1 min ago	2.99 bp	13.9 bp −$14	19.6 bp −$196	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	−0.3309%	1h	1.0052	+0.199%	$41K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0378%	1h	1.0020	−0.120%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0160%	1h	1.0037	+0.054%	$5K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0031	−0.010%	$94K	$294K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0042	+0.104%	$371K	$5.1M	2.5x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0021	−0.106%	$113K	—	150x	as long as short
Bluefin SUI-PERP	+0.0029%	1h	1.0007	−0.249%	$574K	$431K	25x	as long as short
Deribit SUI_USDC-PERPETUAL	+0.0049%	1h	1.0023	−0.090%	$195K	$562K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0027	−0.052%	$771K	$5.5M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0031	−0.009%	$296K	$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	1.0022	−0.100%	$31K	$545K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0024	−0.080%	$46K	$209K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0027	−0.046%	$26K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0029	−0.035%	$542K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0043	+0.106%	$878K	$4.3M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0032	0.000%	$218K	$257K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0046	+0.135%	$144.4M	$1.05B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0035	+0.030%	$97.9M	$318.8M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0041	+0.090%	$40.9M	$384.7M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0020	−0.120%	$42K	$330K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0068	+0.359%	$237K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0031	−0.010%	$164.0M	$84.9M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0043	+0.110%	$148.8M	$293.9M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0044	+0.120%	$49.0M	$53.5M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0036	+0.040%	$66.2M	$177.7M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0044	+0.120%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0031	−0.010%	$637K	$1.4M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0001	−0.311%	$2.4M	$3.4M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0016	−0.157%	$161K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perplong	+0.0100%	8h	1.0032	long leg	$439K	$7.5M	10x
ApeX Omni SUIUSDT	+0.0100%	1h	1.0015	−0.169%	$220K	$436K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0030	−0.020%	$132K	$727K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0037	+0.050%	$2K	$1.7M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0022	−0.100%	$5K	$2.0M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0030	−0.020%	$606K	$19.4M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0029	−0.030%	$11.5M	$27.8M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0037	+0.048%	$1.4M	$4.0M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0031	−0.012%	$38K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0112%	1h	1.0023	−0.090%	$9K	$3K	10x	as long as short
Kraken Futures PF_SUIUSD	+0.0175%	1h	1.0027	−0.054%	$6.7M	$25.0M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0026	−0.060%	$7.5M	$24.2M	100x	as long as short
Coinbase International SUI-PERP-INTXshort	+0.0248%	1h	1.0038	+0.060%	$951K	$14.8M	50x
Hyperliquid SUI	+0.0355%	1h	1.0043	+0.110%	$72.0M	$83.1M	10x	as long as short
Phoenix SUI	+0.0416%	1h	1.0042	+0.104%	$199K	$422K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0596% / S −0.0263%	1h	1.0020	−0.115%	$921K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1467%	1h	1.0043	+0.106%	$81K	$409K	10x	as long as short