Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0364%/8h= +39.9% APRpaid last 24h +0.177%

Price spread now: MEXC against Hibachi−0.270%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 MEXC

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. MEXC is 0.270% cheaper against Hibachi than usual: you would sell low and buy high (spread −0.270% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$27 on $10k: about 2.5 days of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi SUI/USDT-P	1.0491	−0.0264	get 0.0033% / 1h	7m 18s	$6K	$19K	7x
Short	MEXC SUI_USDT	1.0463	0.0100	get 0.0100% / 8h	5h 07m	$151.8M	$296.6M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.270%Rate

Funding earned: $76.44
Price spread: −0.270% → 0.000%: −$27.02
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: $40.42
Costs to cover: 0.090%
Break-even: 3.3 days

Slippage unknown: Hibachi: no order-book sample; MEXC: live order book, 2 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 MEXC live order book, 2 min ago	1.91 bp	3.3 bp −$3	4.9 bp −$49	16.7 bp −$1,669	91.6 bp −$45.8K

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	−0.3542%	1h	1.0527	+0.340%	$43K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0374%	1h	1.0454	−0.354%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-Plong	−0.0264%	1h	1.0491	long leg	$6K	$19K	7x
dYdX SUI-USD	0.0000%	1h	1.0478	−0.128%	$131K	$227K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0488	−0.031%	$531K	$4.9M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0463	−0.270%	$203K	$574K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0466	−0.242%	$114K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0480	−0.110%	$839K	$5.6M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0476	−0.142%	$285K	$2.1M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0475	−0.156%	$38K	$511K	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	1.0482	−0.085%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0469	−0.218%	$718K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0469	−0.210%	$916K	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0476	−0.146%	$229K	$259K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0469	−0.213%	$153.2M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0468	−0.223%	$103.6M	$309.5M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0463	−0.270%	$41.5M	$389.8M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0480	−0.108%	$45K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0562	+0.674%	$248K	$6K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0467	−0.232%	$168.1M	$83.8M	50x	as long as short
MEXC SUI_USDTshort	+0.0100%	8h	1.0463	−0.270%	$151.8M	$296.6M	300x
KuCoin SUIUSDTM	+0.0100%	8h	1.0460	−0.299%	$50.5M	$54.1M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0455	−0.346%	$68.6M	$170.3M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0465	−0.251%	—	$82.3M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0479	−0.118%	$702K	$1.3M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0568	+0.735%	$2.4M	$3.3M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0526	+0.333%	$171K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0486	−0.055%	$458K	$7.5M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0508	+0.159%	$236K	$485K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0471	−0.194%	$114K	$752K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0465	−0.251%	$48K	$223K	20x	as long as short
Bluefin SUI-PERP	+0.0100%	1h	1.0452	−0.375%	$598K	$403K	25x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0482	−0.089%	$2K	$1.8M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0459	−0.308%	$15K	$2.1M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0503	+0.111%	$595K	$19.6M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0491	−0.003%	$12.1M	$26.7M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0450	−0.392%	$1.5M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0463	−0.267%	$40K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0176%	1h	1.0480	−0.108%	$9K	$3K	10x	as long as short
Coinbase International SUI-PERP-INTX	+0.0176%	1h	1.0468	−0.223%	$1.0M	$14.9M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0483	−0.080%	$8.0M	$25.1M	100x	as long as short
Kraken Futures PF_SUIUSD	+0.0287%	1h	1.0458	−0.317%	$6.9M	$27.0M	50x	as long as short
Phoenix SUI	+0.0362%	1h	1.0574	+0.790%	$215K	$561K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0616% / S −0.0268%	1h	1.0465	−0.252%	$965K	—	100x	as long as short
Hyperliquid SUI	+0.0633%	1h	1.0473	−0.175%	$76.2M	$81.8M	10x	as long as short
Aftermath Perps SUIUSD	+0.1476%	1h	1.0542	+0.487%	$84K	$391K	10x	as long as short