Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0474%/8h= −51.8% APRpaid last 24h −0.136%

Price spread now: Reya against GRVT+0.350%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 Reya

What this pair did over the last

the charts below follow

Funding, last 3 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 · Reya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Reya is 0.350% dearer against GRVT than usual: you sell high and buy low (spread +0.350% now, against zero (this spread has no 7-day history yet)): +$35 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT SUI_USDT_Perp	1.0372	0.0100	pay 0.0100% / 8h	5h 36m	$456K	$7.5M	10x
Short	Reya SUIRUSDPERP	1.0408	−0.0374	pay 0.0047% / 1h	36m 40s	$4K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.350%Rate

Funding earned: −$99.44
Price spread: +0.350% → 0.000%: $35.02
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Reya: 3 bp × 2 orders: −$6
Net: −$79.42
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: GRVT: live order book, 2 min ago; Reya: 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, 2 min ago	1.45 bp	7.5 bp −$8	12.6 bp −$126	1795.0 bp −$179.5K	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	1.0276	−0.925%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERPshort	−0.0374%	1h	1.0408	+0.350%	$4K	$3K	20x
Hibachi SUI/USDT-P	−0.0216%	1h	1.0377	+0.045%	$6K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0410	+0.366%	$95K	$168K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0372	+0.003%	$511K	$4.8M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0403	+0.299%	$202K	$576K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0408	+0.347%	$114K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0414	+0.404%	$825K	$5.6M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0407	+0.340%	$279K	$2.1M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0409	+0.357%	$33K	$499K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex SUI-USD-PERP	+0.0100%	8h	1.0410	+0.366%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0405	+0.318%	$715K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0405	+0.318%	$914K	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0411	+0.376%	$228K	$262K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0409	+0.357%	$152.6M	$1.02B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0408	+0.347%	$103.2M	$307.6M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0405	+0.318%	$41.2M	$383.8M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0420	+0.463%	$45K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0403	+0.301%	$245K	$4K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0410	+0.367%	$165.2M	$82.7M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0415	+0.415%	$151.2M	$292.0M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0404	+0.309%	$51.1M	$53.5M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0415	+0.415%	$68.1M	$168.2M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0417	+0.434%	—	$82.0M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0406	+0.328%	$703K	$1.3M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0393	+0.207%	$2.4M	$3.2M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0400	+0.271%	$169K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perplong	+0.0100%	8h	1.0372	long leg	$456K	$7.5M	10x
ApeX Omni SUIUSDT	+0.0100%	1h	1.0388	+0.154%	$236K	$470K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0424	+0.502%	$122K	$720K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0402	+0.289%	$48K	$238K	20x	as long as short
Bluefin SUI-PERP	+0.0100%	1h	1.0391	+0.183%	$595K	$408K	25x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0388	+0.154%	$2K	$1.8M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0402	+0.289%	$14K	$2.1M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0409	+0.357%	$599K	$19.6M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0411	+0.376%	$11.6M	$26.1M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0414	+0.406%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0402	+0.289%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0136%	1h	1.0412	+0.386%	$9K	$3K	10x	as long as short
Coinbase International SUI-PERP-INTX	+0.0176%	1h	1.0388	+0.154%	$992K	$14.6M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0406	+0.328%	$8.0M	$25.0M	100x	as long as short
Kraken Futures PF_SUIUSD	+0.0289%	1h	1.0404	+0.313%	$6.8M	$26.9M	50x	as long as short
Phoenix SUI	+0.0362%	1h	1.0411	+0.373%	$211K	$561K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0618% / S −0.0272%	1h	1.0408	+0.352%	$967K	—	100x	as long as short
Hyperliquid SUI	+0.0671%	1h	1.0410	+0.367%	$75.8M	$80.2M	10x	as long as short
Aftermath Perps SUIUSD	+0.1290%	1h	1.0409	+0.360%	$83K	$385K	10x	as long as short