Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Paradex against GRVT−0.288%51s7-day average — · you buy dearer than you sell

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

Long on GRVT Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 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 · Paradex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.288% cheaper against GRVT than usual: you would sell low and buy high, −$29 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 51 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	GRVT SUI_USDT_Perp	1.0101	0.0100	pay 0.0100% / 8h	4h 52m	$438K	$6.7M	10x
Short	Paradex SUI-USD-PERP	1.0072	0.0100	get 0.0100% / 8h	4h 52m	$26K	$2K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.288%Rate

Funding earned: −$0.02
Price spread: −0.288% → 0.000%: −$28.79
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$41.81
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 5 min ago; Paradex: 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, 5 min ago	0.50 bp	7.3 bp −$7	20.5 bp −$205	3844.3 bp −$384.4K	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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 exchanges

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	−0.3437%	1h	1.0008	−0.921%	$41K	$113K	12x	as long as short
Reya SUIRUSDPERP	−0.0386%	1h	1.0076	−0.243%	$4K	$591	20x	as long as short
Hibachi SUI/USDT-P	−0.0272%	1h	1.0081	−0.197%	$5K	$16K	7x	as long as short
Bluefin SUI-PERP	−0.0201%	1h	1.0071	−0.297%	$579K	$400K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0076	−0.245%	$91K	$357K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0087	−0.135%	$363K	$3.6M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0083	−0.178%	$192K	$482K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0084	−0.173%	$115K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0037%	1h	1.0085	−0.159%	$6.9M	$19.1M	50x	as long as short
01 Exchange SUIUSD	+0.0064%	1h	1.0084	−0.168%	$8K	$3K	10x	as long as short

Show all 46 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SUI	+0.0096%	1h	1.0083	−0.180%	$738K	$4.1M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0086	−0.149%	$325K	$1.9M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0078	−0.228%	$54K	$519K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0099%	8h	1.0082	−0.188%	$54K	$700K	20x	as long as short
Paradex SUI-USD-PERPshort	+0.0100%	8h	1.0072	−0.288%	$26K	$2K	30x
Nado SUI-PERP	+0.0100%	1h	1.0077	−0.238%	$652K	$1.9M	10x	as long as short
Hyperliquid SUI	+0.0100%	1h	1.0090	−0.109%	$72.2M	$59.5M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0080	−0.207%	$904K	$3.3M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0079	−0.214%	$213K	$203K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0078	−0.228%	$141.9M	$853.6M	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0074	−0.270%	$96.0M	$258.4M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0076	−0.248%	$41.1M	$304.3M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0080	−0.208%	$44K	$309K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0105	+0.036%	$219K	$34K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0080	−0.208%	$166.6M	$62.0M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0082	−0.188%	$94.3M	$240.7M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0085	−0.158%	$49.6M	$44.9M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0076	−0.248%	$66.0M	$136.7M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0080	−0.208%	—	$84.3M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0079	−0.218%	$638K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0090	−0.111%	$2.4M	$2.6M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0101	+0.003%	$162K	$3.6M	20x	as long as short
GRVT SUI_USDT_Perplong	+0.0100%	8h	1.0101	long leg	$438K	$6.7M	10x
ApeX Omni SUIUSDT	+0.0100%	1h	1.0107	+0.059%	$202K	$384K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0080	−0.208%	$70K	$548K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0097	−0.040%	$2K	$1.3M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0082	−0.188%	$6K	$1.3M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0083	−0.178%	$748K	$16.1M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0086	−0.149%	$11.6M	$27.8M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0078	−0.232%	$1.5M	$3.4M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0085	−0.162%	$38K	$11K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0086	−0.149%	$7.4M	$21.9M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0328%	1h	1.0080	−0.208%	$991K	$10.2M	50x	as long as short
Phoenix SUI	+0.0332%	1h	1.0113	+0.120%	$200K	$309K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0605% / S −0.0268%	1h	1.0082	−0.192%	$940K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0892%	1h	1.0098	−0.034%	$92K	$386K	10x	as long as short