Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0404%/8h= +44.2% APRpaid last 24h +0.177%

Price spread now: Binance against Hibachi−0.169%7-day average — · you buy dearer than you sell

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

Long on Hibachi Short on Binance

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 airdropHibachi: Active · farm boardneeds both histories

Funding pays, the price is against you. Binance is 0.169% cheaper against Hibachi than usual: you would sell low and buy high (spread −0.169% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 34 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi SUI/USDT-P	1.0389	−0.0304	get 0.0038% / 1h	52m 21s	$6K	$19K	7x
Short	Binance SUIUSDT	1.0371	0.0100	get 0.0100% / 8h	3h 52m	$150.3M	$1.03B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Hibachi. 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 HibachibpFee BinancebpOrdersPrice spread, now −0.169%Rate

Funding earned: $84.84
Price spread: −0.169% → 0.000%: −$16.94
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: $48.9
Costs to cover: 0.190%
Break-even: 3.0 days

Slippage unknown: Hibachi: no order-book sample; Binance: live order book, 7 min ago. 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 Hibachi no order-book sample	—	—	—	—	—
Sell Binance live order book, 7 min ago	0.48 bp	5.9 bp −$6	10.8 bp −$108	25.7 bp −$2,565	67.2 bp −$33.6K

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	−0.3470%	1h	1.0250	−1.334%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0376%	1h	1.0386	−0.026%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-Plong	−0.0304%	1h	1.0389	long leg	$6K	$19K	7x
Kraken Futures PF_SUIUSD	−0.0066%	1h	1.0375	−0.134%	$6.8M	$26.8M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0395	+0.064%	$130K	$227K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0383	−0.053%	$498K	$5.0M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0379	−0.092%	$202K	$572K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0383	−0.054%	$116K	—	150x	as long as short
Bluefin SUI-PERP	+0.0021%	1h	1.0365	−0.227%	$593K	$406K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0371	−0.167%	$805K	$5.4M	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	1.0376	−0.117%	$300K	$2.2M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0390	+0.013%	$43K	$515K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0393	+0.045%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0384	−0.039%	$587K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0393	+0.041%	$909K	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0394	+0.051%	$225K	$259K	10x	as long as short
Binance SUIUSDTshort	+0.0100%	8h	1.0371	−0.169%	$150.3M	$1.03B	75x
Bybit SUIUSDT	+0.0100%	8h	1.0376	−0.123%	$101.9M	$309.8M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0375	−0.131%	$40.7M	$389.0M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0400	+0.110%	$44K	$330K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0369	−0.189%	$244K	$5K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0387	−0.015%	$170.2M	$80.9M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0388	−0.006%	$152.9M	$292.0M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0390	+0.013%	$50.1M	$53.9M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0379	−0.092%	$67.8M	$172.5M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0385	−0.035%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0403	+0.139%	$657K	$1.4M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0363	−0.249%	$2.5M	$3.4M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0356	−0.311%	$170K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0356	−0.316%	$452K	$7.6M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0362	−0.256%	$228K	$429K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0397	+0.081%	$124K	$745K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0379	−0.092%	$48K	$142K	20x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0374	−0.141%	$2K	$1.7M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0378	−0.102%	$14K	$2.1M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0368	−0.198%	$584K	$19.7M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0373	−0.150%	$11.9M	$26.9M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0373	−0.149%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0385	−0.039%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0136%	1h	1.0401	+0.119%	$9K	$2K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0397	+0.081%	$7.9M	$24.9M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0405	+0.158%	$1.0M	$15.1M	50x	as long as short
Phoenix SUI	+0.0408%	1h	1.0389	+0.001%	$211K	$415K	10x	as long as short
Hyperliquid SUI	+0.0428%	1h	1.0400	+0.115%	$75.2M	$81.4M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0613% / S −0.0267%	1h	1.0382	−0.064%	$960K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1487%	1h	1.0385	−0.039%	$83K	$402K	10x	as long as short