Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0532%/8h= +58.3% APRpaid last 24h +0.190%

Price spread now: edgeX against Hibachi−0.109%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 edgeX

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 · edgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.109% cheaper against Hibachi than usual: you would sell low and buy high (spread −0.109% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 16 hours of funding at the current rate (+$16 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi SUI/USDT-P	1.0507	−0.0432	get 0.0054% / 1h	33m 16s	$6K	$18K	7x
Short	edgeX SUIUSDC	1.0495	0.0100	get 0.0050% / 4h	3h 33m	$171K	$4.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.109%Rate

Funding earned: $111.72
Price spread: −0.109% → 0.000%: −$10.93
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $82.79
Costs to cover: 0.180%
Break-even: 1.8 days

Slippage unknown: Hibachi: no order-book sample; edgeX: live order book, 1 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 edgeX live order book, 1 min ago	1.90 bp	6.4 bp −$6	8.9 bp −$89	doesn't fit	doesn't fit

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	−0.3416%	1h	1.0330	−1.681%	$42K	$123K	12x	as long as short
Bluefin SUI-PERP	−0.0674%	1h	1.0476	−0.291%	$601K	$409K	25x	as long as short
Hibachi SUI/USDT-Plong	−0.0432%	1h	1.0507	long leg	$6K	$18K	7x
Reya SUIRUSDPERP	−0.0371%	1h	1.0494	−0.120%	$4K	$3K	20x	as long as short
Phemex SUIUSDT	−0.0040%	8h	1.0492	−0.139%	$11.8M	$25.1M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0504	−0.025%	$96K	$169K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0511	+0.043%	$483K	$5.0M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0493	−0.129%	$204K	$583K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0492	−0.139%	$121K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0038%	1h	1.0495	−0.110%	$7.3M	$23.8M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SUIUSD	+0.0080%	1h	1.0503	−0.034%	$9K	$9K	10x	as long as short
Lighter SUI	+0.0096%	1h	1.0495	−0.107%	$813K	$5.8M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0497	−0.089%	$275K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0506	−0.006%	$29K	$486K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0489	−0.168%	$47K	$313K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0509	+0.027%	$28K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0501	−0.049%	$667K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0502	−0.044%	$1.0M	$4.8M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0509	+0.023%	$228K	$256K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0494	−0.116%	$155.9M	$1.02B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0502	−0.044%	$105.1M	$304.7M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0495	−0.110%	$42.1M	$386.9M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0520	+0.128%	$47K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0450	−0.542%	$246K	$813	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0489	−0.168%	$169.0M	$80.7M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0499	−0.072%	$154.6M	$293.6M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0486	−0.196%	$51.1M	$52.7M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0488	−0.177%	$69.2M	$165.8M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0487	−0.187%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0508	+0.013%	$678K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0488	−0.178%	$2.4M	$2.9M	—	as long as short
edgeX SUIUSDCshort	+0.0100%	4h	1.0495	−0.109%	$171K	$4.5M	20x
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0526	+0.181%	$458K	$7.4M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0479	−0.263%	$241K	$479K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0507	+0.004%	$120K	$756K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0524	+0.166%	$3K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0493	−0.129%	$6K	$2.3M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0482	−0.234%	$646K	$18.5M	75x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0487	−0.183%	$1.5M	$3.9M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0496	−0.102%	$40K	$16K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0200%	1h	1.0499	−0.072%	$1.0M	$14.4M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0500	−0.063%	$8.1M	$24.4M	100x	as long as short
Phoenix SUI	+0.0299%	1h	1.0513	+0.058%	$208K	$590K	10x	as long as short
Hyperliquid SUI	+0.0394%	1h	1.0512	+0.051%	$76.6M	$79.0M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0639% / S −0.0324%	1h	1.0491	−0.148%	$913K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0876%	1h	1.0481	−0.240%	$94K	$368K	10x	as long as short