Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.3516%/8h= −385.0% APRpaid last 24h −0.711%

Price spread now: Injective against HTX−2.441%7-day average −0.270% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−2.092%−$209 on $10k

Price spread, last 3 days (all we have)+2.222%+$222 · spread now −2.441%, 7d avg −0.270%

Together, before fees+0.130%+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$105 a day on $10k at the current rate, and Injective is 2.171% cheaper against HTX than usual: you would sell low and buy high (−$217 if the spread goes back to its 7-day average of −0.270%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SUI-USDT	1.0651	0.0100	pay 0.0100% / 8h	7h 17m	$668K	$19.0M	75x
Short	Injective SUI/USDC PERP	1.0391	−0.3416	pay 0.0427% / 1h	17m 22s	$43K	$123K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −2.441%Rate

Funding earned: −$738.4
Price spread: −2.441% → −0.270%: −$217.11
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$967.53
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 2 min ago; Injective: live order book, 56 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 HTX live order book, 2 min ago	5.63 bp	12.2 bp −$12	36.1 bp −$361	64.1 bp −$6,415	doesn't fit
Sell Injective live order book, 56 min ago	48.37 bp	doesn't fit	doesn't fit	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 PERPshort	−0.3416%	1h	1.0391	−2.441%	$43K	$123K	12x
Bluefin SUI-PERP	−0.0489%	1h	1.0626	−0.235%	$610K	$410K	25x	as long as short
Hibachi SUI/USDT-P	−0.0480%	1h	1.0638	−0.118%	$6K	$18K	7x	as long as short
Reya SUIRUSDPERP	−0.0371%	1h	1.0646	−0.043%	$4K	$3K	20x	as long as short
Phemex SUIUSDT	−0.0007%	8h	1.0645	−0.056%	$11.9M	$25.2M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0643	−0.076%	$97K	$170K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0670	+0.182%	$555K	$4.9M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0643	−0.075%	$207K	$582K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0643	−0.078%	$117K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0038%	1h	1.0649	−0.019%	$7.4M	$24.1M	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	+0.0056%	1h	1.0649	−0.019%	$9K	$9K	10x	as long as short
Lighter SUI	+0.0096%	1h	1.0647	−0.037%	$831K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0650	−0.007%	$278K	$2.1M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0661	+0.094%	$32K	$478K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0640	−0.103%	$49K	$310K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0697	+0.434%	$28K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0660	+0.089%	$697K	$1.5M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0660	+0.084%	$1.0M	$4.8M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0644	−0.066%	$233K	$251K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0653	+0.019%	$157.8M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0656	+0.047%	$106.3M	$306.3M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0638	−0.122%	$42.3M	$394.5M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0660	+0.084%	$47K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0632	−0.178%	$250K	$3K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0640	−0.103%	$174.2M	$82.2M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0641	−0.094%	$155.1M	$299.5M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0659	+0.075%	$51.9M	$53.1M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0637	−0.131%	$69.4M	$168.4M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0637	−0.131%	—	$81.9M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0670	+0.178%	$678K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0701	+0.467%	$2.5M	$2.9M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0681	+0.277%	$174K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0659	+0.076%	$461K	$7.1M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0682	+0.291%	$238K	$493K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0667	+0.150%	$122K	$748K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0645	−0.056%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0643	−0.075%	$6K	$2.2M	10x	as long as short
HTX SUI-USDTlong	+0.0100%	8h	1.0651	long leg	$668K	$19.0M	75x
Extended SUI-USD	+0.0104%	1h	1.0638	−0.125%	$1.5M	$4.0M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0643	−0.076%	$40K	$16K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0200%	1h	1.0651	0.000%	$1.0M	$14.8M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0653	+0.019%	$8.1M	$25.3M	100x	as long as short
Phoenix SUI	+0.0299%	1h	1.0658	+0.069%	$211K	$590K	10x	as long as short
Hyperliquid SUI	+0.0413%	1h	1.0672	+0.197%	$77.3M	$79.1M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0640% / S −0.0320%	1h	1.0639	−0.111%	$917K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0943%	1h	1.0649	−0.017%	$79K	$378K	10x	as long as short