Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0134%/8h= +14.7% APRpaid last 24h −0.007%

Price spread now: Deribit against HTX+0.048%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$360.362% of the position

Long on HTX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 3 days (all we have)+0.001%$0 · spread now +0.048%, 7d avg +0.027%

Together, before fees−0.017%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Deribit is 0.021% dearer against HTX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SUI-USDT	1.0325	0.0100	pay 0.0100% / 8h	54m 51s	$640K	$18.5M	75x
Short	Deribit SUI_USDC-PERPETUAL	1.0330	0.0234	get 0.0029% / 1h	54m 51s	$201K	$581K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.048%Rate

Funding earned: $28.14
Price spread: +0.048% → +0.027%: $2.11
Slippage, 4 orders: −$17.18
Fee HTX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$5.93
Costs to cover: 0.362%
Break-even: 8.5 days

Slippage from HTX: live order book, 4 min ago; Deribit: live order book, 24 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, 4 min ago	2.92 bp	9.8 bp −$10	15.6 bp −$156	35.9 bp −$3,589	doesn't fit
Sell Deribit live order book, 24 min ago	2.93 bp	10.3 bp −$10	15.1 bp −$151	doesn't fit	doesn't fit

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	−0.3474%	1h	1.0167	−1.530%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0369%	1h	1.0320	−0.046%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0320%	1h	1.0297	−0.275%	$6K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0316	−0.091%	$94K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0328	+0.025%	$459K	$5.4M	2.5x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0325	+0.002%	$119K	—	150x	as long as short
Bluefin SUI-PERP	+0.0049%	1h	1.0312	−0.126%	$591K	$404K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0324	−0.007%	$793K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0329	+0.041%	$260K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0329	+0.039%	$38K	$498K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SUI_USDC	+0.0099%	8h	1.0322	−0.029%	$46K	$330K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0322	−0.032%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0327	+0.015%	$596K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0326	+0.005%	$1.0M	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0320	−0.048%	$224K	$262K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0327	+0.019%	$151.9M	$1.02B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0327	+0.020%	$103.8M	$306.8M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0324	−0.010%	$41.4M	$385.2M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0320	−0.048%	$46K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0269	−0.542%	$242K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0325	0.000%	$165.3M	$80.6M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0327	+0.019%	$149.0M	$288.6M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0323	−0.019%	$51.8M	$52.1M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0322	−0.029%	$67.8M	$168.7M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0326	+0.010%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0322	−0.029%	$656K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0295	−0.289%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0295	−0.287%	$168K	$4.4M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0293	−0.310%	$444K	$6.9M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0299	−0.252%	$234K	$441K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0334	+0.087%	$108K	$784K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0334	+0.087%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0322	−0.029%	$7K	$2.4M	10x	as long as short
HTX SUI-USDTlong	+0.0100%	8h	1.0325	long leg	$640K	$18.5M	75x
Phemex SUIUSDT	+0.0100%	8h	1.0320	−0.048%	$11.5M	$24.8M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0325	0.000%	$1.4M	$3.7M	50x	as long as short
01 Exchange SUIUSD	+0.0104%	1h	1.0331	+0.058%	$9K	$9K	10x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0326	+0.008%	$49K	$37K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0324	−0.010%	$7.9M	$23.9M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0224%	1h	1.0327	+0.019%	$985K	$14.0M	50x	as long as short
Deribit SUI_USDC-PERPETUALshort	+0.0234%	1h	1.0330	+0.048%	$201K	$581K	25x
Kraken Futures PF_SUIUSD	+0.0273%	1h	1.0328	+0.029%	$7.2M	$24.0M	50x	as long as short
Phoenix SUI	+0.0346%	1h	1.0308	−0.167%	$204K	$593K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0638% / S −0.0309%	1h	1.0323	−0.015%	$902K	—	100x	as long as short
Hyperliquid SUI	+0.0646%	1h	1.0336	+0.107%	$74.0M	$80.3M	10x	as long as short
Aftermath Perps SUIUSD	+0.0790%	1h	1.0293	−0.314%	$93K	$381K	10x	as long as short