Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bulk against HTX−0.090%7-day average +0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$290.285% of the position

Long on HTX Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 3 days (all we have)−0.131%−$13 · spread now −0.090%, 7d avg +0.049%

Together, before fees−0.134%−$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bulk is 0.139% cheaper against HTX than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SUI-USDT	1.0137	0.0100	pay 0.0100% / 8h	2h 51m	$629K	$19.0M	75x
Short	Bulk SUI-USD	1.0128	0.0100	get 0.0013% / 1h	51m 18s	$238K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against HTX. 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 HTXbpFee BulkbpOrdersPrice spread, now −0.090%Rate

Funding earned: $0
Price spread: −0.090% → +0.049%: −$13.88
Slippage, 4 orders: −$9.52
Fee HTX: 6 bp × 2 orders: −$12
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$42.4
Costs to cover: 0.285%
Break-even: never at this rate

Slippage from HTX: live order book, 3 min ago; Bulk: live order book, 37 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 HTX live order book, 3 min ago	2.95 bp	10.2 bp −$10	27.3 bp −$273	72.0 bp −$7,205	doesn't fit
Sell Bulk live order book, 37 min ago	0.49 bp	4.1 bp −$4	7.5 bp −$75	19.0 bp −$1,903	38.5 bp −$19.2K

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	−0.2398%	1h	1.0055	−0.809%	$41K	$81K	12x	as long as short
Hibachi SUI/USDT-P	−0.0504%	1h	1.0151	+0.139%	$6K	$19K	7x	as long as short
Reya SUIRUSDPERP	−0.0366%	1h	1.0135	−0.021%	$4K	$3K	20x	as long as short
Bluefin SUI-PERP	−0.0126%	1h	1.0127	−0.099%	$579K	$412K	25x	as long as short
Kraken Futures PF_SUIUSD	−0.0022%	1h	1.0142	+0.053%	$6.8M	$23.9M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0124	−0.129%	$92K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0135	−0.024%	$454K	$5.5M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0145	+0.079%	$185K	$547K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0140	+0.033%	$117K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0144	+0.065%	$763K	$5.8M	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	1.0142	+0.052%	$245K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0131	−0.059%	$33K	$503K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0097%	8h	1.0139	+0.020%	$44K	$381K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0123	−0.138%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0136	−0.010%	$592K	$1.4M	10x	as long as short
Hyperliquid SUI	+0.0100%	1h	1.0145	+0.079%	$72.4M	$81.8M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0133	−0.035%	$981K	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0124	−0.126%	$219K	$263K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0138	+0.008%	$150.0M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0141	+0.038%	$102.1M	$308.0M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0139	+0.020%	$40.6M	$381.4M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0140	+0.030%	$146K	$299K	10x	as long as short
Bulk SUI-USDshort	+0.0100%	1h	1.0128	−0.090%	$238K	$2K	10x
Gate SUI_USDT	+0.0100%	8h	1.0138	+0.010%	$163.4M	$80.9M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0141	+0.039%	$146.8M	$295.8M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0137	0.000%	$53.1M	$51.3M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0135	−0.020%	$66.7M	$169.8M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0138	+0.010%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0123	−0.138%	$636K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0176	+0.389%	$2.2M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0151	+0.141%	$163K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0186	+0.486%	$441K	$7.2M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0154	+0.168%	$230K	$444K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0144	+0.069%	$105K	$796K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0156	+0.187%	$3K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0140	+0.030%	$6K	$2.4M	10x	as long as short
HTX SUI-USDTlong	+0.0100%	8h	1.0137	long leg	$629K	$19.0M	75x
Phemex SUIUSDT	+0.0100%	8h	1.0139	+0.020%	$11.3M	$24.3M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0138	+0.011%	$1.4M	$3.7M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0150	+0.123%	$48K	$38K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0216%	1h	1.0139	+0.020%	$969K	$13.9M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0139	+0.020%	$8.0M	$23.7M	100x	as long as short
01 Exchange SUIUSD	+0.0272%	1h	1.0133	−0.039%	$9K	$9K	10x	as long as short
Phoenix SUI	+0.0290%	1h	1.0141	+0.041%	$183K	$578K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0629% / S −0.0300%	1h	1.0139	+0.020%	$869K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0748%	1h	1.0166	+0.283%	$92K	$381K	10x	as long as short