Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.020%

Price spread now: Nado against GRVT+0.019%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$300.295% of the position

Long on GRVT Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.022%+$2 on $10k

Price spread, last 3 days (all we have)+0.172%+$17 · spread now +0.019%, 7d avg +0.028%

Together, before fees+0.194%+ Points / potential airdropGRVT: Active · Nado: Active · farm board+$19 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT SUI_USDT_Perp	1.0133	0.0100	pay 0.0100% / 8h	2h 28m	$445K	$7.1M	10x
Short	Nado SUI-PERP	1.0134	0.0100	get 0.0012% / 1h	28m 34s	$590K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.019%Rate

Funding earned: $0
Price spread: +0.019% → +0.028%: −$0.86
Slippage, 4 orders: −$13.5
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$30.36
Costs to cover: 0.295%
Break-even: never at this rate

Slippage from GRVT: live order book, 6 min ago; Nado: live order book, 5 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	0.49 bp	10.0 bp −$10	16.6 bp −$166	3159.2 bp −$315.9K	doesn't fit
Sell Nado live order book, 5 min ago	0.99 bp	7.5 bp −$8	19.4 bp −$194	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	1.0035	−0.963%	$84K	$81K	12x	as long as short
Hibachi SUI/USDT-P	−0.0496%	1h	1.0142	+0.097%	$6K	$18K	7x	as long as short
Reya SUIRUSDPERP	−0.0366%	1h	1.0136	+0.031%	$4K	$3K	20x	as long as short
Bluefin SUI-PERP	−0.0137%	1h	1.0131	−0.015%	$580K	$406K	25x	as long as short
Kraken Futures PF_SUIUSD	−0.0022%	1h	1.0152	+0.191%	$6.8M	$23.7M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0149	+0.158%	$93K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0140	+0.079%	$454K	$5.5M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0150	+0.172%	$185K	$546K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0137	+0.043%	$117K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0147	+0.146%	$768K	$5.9M	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	1.0154	+0.214%	$251K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0148	+0.153%	$35K	$503K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0098%	8h	1.0144	+0.113%	$44K	$379K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0150	+0.169%	$27K	$9K	30x	as long as short
Nado SUI-PERPshort	+0.0100%	1h	1.0134	+0.019%	$590K	$1.3M	10x
Hyperliquid SUI	+0.0100%	1h	1.0158	+0.251%	$72.3M	$81.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0148	+0.149%	$979K	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0152	+0.194%	$219K	$260K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0150	+0.175%	$150.3M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0151	+0.182%	$101.8M	$306.9M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0149	+0.163%	$40.7M	$380.5M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0150	+0.172%	$146K	$297K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0155	+0.227%	$239K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0149	+0.163%	$163.2M	$81.1M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0149	+0.163%	$147.6M	$297.9M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0149	+0.163%	$52.9M	$51.2M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0144	+0.113%	$66.7M	$169.2M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0149	+0.163%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0146	+0.133%	$639K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0147	+0.143%	$2.2M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0148	+0.150%	$163K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perplong	+0.0100%	8h	1.0133	long leg	$445K	$7.1M	10x
ApeX Omni SUIUSDT	+0.0100%	1h	1.0145	+0.123%	$230K	$444K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0142	+0.093%	$105K	$796K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0151	+0.182%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0146	+0.133%	$6K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0133	+0.005%	$623K	$18.8M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0144	+0.113%	$11.3M	$24.4M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0146	+0.137%	$1.4M	$3.7M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0147	+0.143%	$48K	$37K	3x	as long as short
01 Exchange SUIUSD	+0.0112%	1h	1.0149	+0.163%	$9K	$9K	10x	as long as short
Coinbase International SUI-PERP-INTX	+0.0216%	1h	1.0160	+0.271%	$972K	$13.7M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0147	+0.143%	$8.0M	$23.6M	100x	as long as short
Phoenix SUI	+0.0290%	1h	1.0141	+0.082%	$183K	$578K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0629% / S −0.0300%	1h	1.0136	+0.032%	$869K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0716%	1h	1.0145	+0.127%	$92K	$378K	10x	as long as short