Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0532%/8h= +58.3% APRpaid last 24h +0.185%

Price spread now: Gate against Hibachi−0.366%46s7-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 Gate

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. Gate is 0.366% cheaper against Hibachi than usual: you would sell low and buy high (spread −0.366% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$37 on $10k: about 2.3 days of funding at the current rate (+$16 a day). The two prices were read 46 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	Hibachi SUI/USDT-P	1.0417	−0.0432	get 0.0054% / 1h	23m 39s	$6K	$19K	7x
Short	Gate SUI_USDT	1.0379	0.0100	get 0.0100% / 8h	6h 23m	$164.0M	$84.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.366%Rate

Funding earned: $111.72
Price spread: −0.366% → 0.000%: −$36.57
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $51.15
Costs to cover: 0.240%
Break-even: 3.8 days

Slippage unknown: Hibachi: no order-book sample; Gate: live order book, 5 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 Gate live order book, 5 min ago	1.45 bp	11.8 bp −$12	25.8 bp −$258	54.7 bp −$5,471	100.2 bp −$50.1K

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 45 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	−0.4499%	1h	1.0236	−1.738%	$42K	$123K	12x	as long as short
Hibachi SUI/USDT-Plong	−0.0432%	1h	1.0417	long leg	$6K	$19K	7x
Reya SUIRUSDPERP	−0.0372%	1h	1.0376	−0.395%	$4K	$3K	20x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0377	−0.384%	$95K	$171K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0383	−0.325%	$508K	$5.1M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0378	−0.375%	$202K	$578K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0368	−0.467%	$113K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0012%	1h	1.0384	−0.319%	$6.8M	$27.0M	50x	as long as short
Bluefin SUI-PERP	+0.0082%	1h	1.0364	−0.510%	$593K	$415K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0384	−0.322%	$821K	$5.7M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SUI	+0.0096%	1h	1.0383	−0.323%	$276K	$2.1M	10x	as long as short
01 Exchange SUIUSD	+0.0096%	1h	1.0373	−0.423%	$9K	$3K	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0362	−0.529%	$31K	$493K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0413	−0.038%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0371	−0.442%	$747K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0387	−0.290%	$913K	$5.0M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0382	−0.340%	$226K	$269K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0382	−0.337%	$152.0M	$1.05B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0382	−0.333%	$103.1M	$312.4M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0380	−0.356%	$40.9M	$391.7M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0380	−0.356%	$44K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0400	−0.164%	$245K	$3K	10x	as long as short
Gate SUI_USDTshort	+0.0100%	8h	1.0379	−0.366%	$164.0M	$84.2M	50x
MEXC SUI_USDT	+0.0100%	8h	1.0382	−0.337%	$149.6M	$299.3M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0381	−0.346%	$51.7M	$53.8M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0374	−0.414%	$67.5M	$171.5M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0382	−0.337%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0386	−0.298%	$693K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0418	+0.007%	$2.4M	$3.2M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0400	−0.167%	$170K	$4.7M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0394	−0.222%	$452K	$7.4M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0365	−0.500%	$237K	$507K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0376	−0.394%	$120K	$726K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0375	−0.404%	$47K	$251K	20x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0377	−0.385%	$2K	$1.8M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0376	−0.394%	$7K	$2.2M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0376	−0.394%	$650K	$19.8M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0374	−0.414%	$11.6M	$25.8M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0376	−0.397%	$1.5M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0382	−0.337%	$39K	$16K	3x	as long as short
Hyperliquid SUI	+0.0130%	1h	1.0389	−0.274%	$74.4M	$80.4M	10x	as long as short
Coinbase International SUI-PERP-INTX	+0.0152%	1h	1.0377	−0.385%	$995K	$14.6M	50x	as long as short
Phoenix SUI	+0.0221%	1h	1.0412	−0.054%	$206K	$595K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0614% / S −0.0271%	1h	1.0368	−0.469%	$963K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1023%	1h	1.0380	−0.352%	$78K	$378K	10x	as long as short