Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.018%

Price spread now: SoDEX against GRVT+0.030%46s7-day average +0.032% · 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—prices read too far apart to compare

costs, in and out, $10k−$320.322% of the position

Long on GRVT Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.020%+$2 on $10k

Price spread, last 3 days (all we have)+0.170%+$17 · spread now +0.030%, 7d avg +0.032%

Together, before fees+0.190%+ Points / potential airdropGRVT: 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	1.0242	0.0100	pay 0.0100% / 8h	1h 29m	$443K	$7.0M	10x
Short	SoDEX SUI-USD	1.0245	0.0100	get 0.0013% / 1h	29m 27s	$7K	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.030%Rate

Funding earned: $0
Price spread: +0.030% → +0.032%: −$0.19
Slippage, 4 orders: −$15.2
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$32.38
Costs to cover: 0.322%
Break-even: never at this rate

Slippage from GRVT: live order book, 5 min ago; SoDEX: 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, 5 min ago	0.49 bp	5.9 bp −$6	14.6 bp −$146	3832.5 bp −$383.2K	doesn't fit
Sell SoDEX live order book, 5 min ago	0.49 bp	8.6 bp −$9	17.3 bp −$173	104.9 bp −$10.5K	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	−0.2926%	1h	1.0179	−0.614%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0368%	1h	1.0262	+0.199%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0160%	1h	1.0240	−0.017%	$6K	$19K	7x	as long as short
Bluefin SUI-PERP	−0.0138%	1h	1.0232	−0.097%	$586K	$406K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0259	+0.164%	$94K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0258	+0.155%	$457K	$5.5M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0248	+0.060%	$190K	$562K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0265	+0.227%	$119K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0255	+0.125%	$787K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0258	+0.153%	$258K	$2.0M	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	1.0261	+0.186%	$37K	$503K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0098%	8h	1.0243	+0.011%	$45K	$371K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0254	+0.119%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0256	+0.143%	$592K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0258	+0.160%	$1.0M	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0258	+0.160%	$223K	$263K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0262	+0.196%	$151.2M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0262	+0.196%	$102.7M	$307.2M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0261	+0.186%	$40.9M	$383.9M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0260	+0.177%	$45K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0242	+0.001%	$241K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0260	+0.177%	$165.0M	$80.8M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0265	+0.226%	$148.9M	$296.3M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0260	+0.177%	$51.6M	$52.2M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0260	+0.177%	$67.4M	$168.6M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0263	+0.206%	—	$81.8M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0243	+0.011%	$649K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0260	+0.179%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0268	+0.253%	$165K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perplong	+0.0100%	8h	1.0242	long leg	$443K	$7.0M	10x
ApeX Omni SUIUSDT	+0.0100%	1h	1.0277	+0.343%	$233K	$441K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0268	+0.255%	$107K	$792K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0255	+0.128%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USDshort	+0.0100%	1h	1.0245	+0.030%	$7K	$2.4M	10x
HTX SUI-USDT	+0.0100%	8h	1.0244	+0.021%	$626K	$18.7M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0246	+0.040%	$11.4M	$24.7M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0262	+0.192%	$1.4M	$3.8M	50x	as long as short
01 Exchange SUIUSD	+0.0104%	1h	1.0266	+0.235%	$9K	$9K	10x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0246	+0.042%	$48K	$37K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0248	+0.060%	$8.0M	$23.8M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0246	+0.040%	$977K	$13.8M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0296%	1h	1.0250	+0.080%	$7.1M	$24.2M	50x	as long as short
Phoenix SUI	+0.0346%	1h	1.0281	+0.383%	$203K	$574K	10x	as long as short
Hyperliquid SUI	+0.0496%	1h	1.0276	+0.333%	$73.2M	$81.0M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0637% / S −0.0309%	1h	1.0245	+0.026%	$894K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0717%	1h	1.0273	+0.299%	$94K	$382K	10x	as long as short