Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0348%/8h= −38.1% APRpaid last 24h −0.185%

Price spread now: Hibachi against GRVT+0.220%7-day average — · you sell dearer than you buy

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

Long on GRVT Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · Hibachi: Active · farm boardneeds both histories

The price spread pays, funding is against you. Hibachi is 0.220% dearer against GRVT than usual: you sell high and buy low (spread +0.220% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT SUI_USDT_Perp	1.0553	0.0100	pay 0.0100% / 8h	5h 10m	$461K	$7.5M	10x
Short	Hibachi SUI/USDT-P	1.0576	−0.0248	pay 0.0031% / 1h	10m 59s	$6K	$19K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi 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 HibachibpOrdersPrice spread, now +0.220%Rate

Funding earned: −$73.08
Price spread: +0.220% → 0.000%: $21.97
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$69.11
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: GRVT: live order book, 3 min ago; Hibachi: no order-book sample. 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 GRVT live order book, 3 min ago	1.42 bp	14.6 bp −$15	19.3 bp −$193	4853.9 bp −$485.4K	doesn't fit
Sell Hibachi no order-book sample	—	—	—	—	—

Hibachi: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.3542%	1h	1.0527	−0.246%	$43K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0374%	1h	1.0584	+0.296%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-Pshort	−0.0248%	1h	1.0576	+0.220%	$6K	$19K	7x
dYdX SUI-USD	0.0000%	1h	1.0572	+0.179%	$133K	$227K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0539	−0.132%	$533K	$4.9M	2.5x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0590	+0.353%	$115K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0603	+0.475%	$849K	$5.6M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0603	+0.477%	$289K	$2.1M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0585	+0.303%	$38K	$510K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0576	+0.219%	$28K	$9K	30x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado SUI-PERP	+0.0100%	1h	1.0580	+0.261%	$728K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0604	+0.485%	$924K	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0572	+0.178%	$232K	$259K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0592	+0.373%	$155.1M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0588	+0.332%	$104.4M	$309.2M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0585	+0.303%	$42.1M	$393.6M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0580	+0.256%	$45K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0562	+0.086%	$248K	$6K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0592	+0.370%	$170.2M	$83.7M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0591	+0.360%	$153.5M	$296.0M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0604	+0.483%	$51.1M	$54.0M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0583	+0.284%	$69.2M	$169.8M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0588	+0.332%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0605	+0.493%	$710K	$1.3M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0568	+0.146%	$2.4M	$3.3M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0581	+0.267%	$173K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perplong	+0.0100%	8h	1.0553	long leg	$461K	$7.5M	10x
ApeX Omni SUIUSDT	+0.0100%	1h	1.0592	+0.370%	$238K	$485K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0590	+0.351%	$114K	$749K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0589	+0.341%	$49K	$233K	20x	as long as short
Bluefin SUI-PERP	+0.0100%	1h	1.0579	+0.246%	$605K	$403K	25x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0583	+0.284%	$2K	$1.8M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0599	+0.436%	$15K	$2.1M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0600	+0.445%	$606K	$19.6M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0597	+0.417%	$12.2M	$26.7M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0603	+0.472%	$1.5M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0599	+0.436%	$40K	$11K	3x	as long as short
Deribit SUI_USDC-PERPETUAL	+0.0128%	1h	1.0598	+0.426%	$206K	$575K	25x	as long as short
01 Exchange SUIUSD	+0.0176%	1h	1.0587	+0.322%	$9K	$3K	10x	as long as short
Coinbase International SUI-PERP-INTX	+0.0176%	1h	1.0604	+0.483%	$1.0M	$15.1M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0592	+0.370%	$8.1M	$25.3M	100x	as long as short
Kraken Futures PF_SUIUSD	+0.0283%	1h	1.0603	+0.471%	$7.0M	$27.0M	50x	as long as short
Phoenix SUI	+0.0362%	1h	1.0559	+0.059%	$214K	$561K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0620% / S −0.0268%	1h	1.0585	+0.307%	$976K	—	100x	as long as short
Hyperliquid SUI	+0.0674%	1h	1.0615	+0.588%	$77.3M	$81.9M	10x	as long as short
Aftermath Perps SUIUSD	+0.1441%	1h	1.0600	+0.447%	$85K	$391K	10x	as long as short