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 −0.107%

Price spread now: edgeX against Hyperliquid−0.117%106s7-day average −0.102% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$260.264% of the position

Long on Hyperliquid Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.145%−$15 on $10k

Price spread, last 7 days+0.103%+$10 · spread now −0.117%, 7d avg −0.102%

Together, before fees−0.042%+ Points / potential airdropHyperliquid: Season 2 · edgeX: Active · farm board−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid SUI	1.0153	0.0100	pay 0.0013% / 1h	39m 41s	$72.3M	$81.8M	10x
Short	edgeX SUIUSDC	1.0141	0.0100	get 0.0050% / 4h	2h 39m	$163K	$4.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Hyperliquid. 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 HyperliquidbpFee edgeXbpOrdersPrice spread, now −0.117%Rate

Funding earned: $0
Price spread: −0.117% → −0.102%: −$1.58
Slippage, 4 orders: −$8.41
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$28
Costs to cover: 0.264%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 4 min ago; edgeX: live order book, 4 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 Hyperliquid live order book, 4 min ago	0.49 bp	7.9 bp −$8	14.0 bp −$140	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	1.97 bp	6.5 bp −$6	9.5 bp −$95	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	−0.2398%	1h	1.0041	−1.103%	$41K	$81K	12x	as long as short
Hibachi SUI/USDT-P	−0.0512%	1h	1.0138	−0.151%	$6K	$19K	7x	as long as short
Reya SUIRUSDPERP	−0.0366%	1h	1.0145	−0.080%	$4K	$3K	20x	as long as short
Bluefin SUI-PERP	−0.0127%	1h	1.0134	−0.187%	$580K	$410K	25x	as long as short
Kraken Futures PF_SUIUSD	−0.0022%	1h	1.0148	−0.052%	$6.8M	$23.8M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0137	−0.158%	$92K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0143	−0.094%	$454K	$5.5M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0150	−0.030%	$185K	$547K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0145	−0.079%	$117K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0141	−0.114%	$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	1.0148	−0.052%	$245K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0120	−0.325%	$35K	$504K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0097%	8h	1.0146	−0.069%	$44K	$380K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0130	−0.226%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0143	−0.094%	$591K	$1.4M	10x	as long as short
Hyperliquid SUIlong	+0.0100%	1h	1.0153	long leg	$72.3M	$81.8M	10x
Aster SUIUSDT	+0.0100%	8h	1.0147	−0.055%	$981K	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0137	−0.158%	$219K	$262K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0135	−0.173%	$150.0M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0131	−0.220%	$101.7M	$307.7M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0125	−0.276%	$40.7M	$379.7M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0130	−0.227%	$146K	$297K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0139	−0.134%	$238K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0127	−0.256%	$162.9M	$81.0M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0127	−0.256%	$147.6M	$297.0M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0139	−0.138%	$53.0M	$51.3M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0122	−0.305%	$66.6M	$169.2M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0123	−0.295%	—	$81.7M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0150	−0.030%	$640K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0139	−0.142%	$2.2M	$2.8M	—	as long as short
edgeX SUIUSDCshort	+0.0100%	4h	1.0141	−0.117%	$163K	$4.5M	20x
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0135	−0.181%	$439K	$7.1M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0146	−0.069%	$230K	$444K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0153	0.000%	$106K	$796K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0154	+0.010%	$3K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0145	−0.079%	$6K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0132	−0.207%	$627K	$18.9M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0144	−0.089%	$11.3M	$24.3M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0120	−0.322%	$1.4M	$3.7M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0148	−0.052%	$48K	$38K	3x	as long as short
01 Exchange SUIUSD	+0.0152%	1h	1.0119	−0.335%	$9K	$9K	10x	as long as short
Coinbase International SUI-PERP-INTX	+0.0216%	1h	1.0145	−0.079%	$973K	$13.7M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0136	−0.167%	$8.0M	$23.7M	100x	as long as short
Phoenix SUI	+0.0290%	1h	1.0150	−0.027%	$183K	$578K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0630% / S −0.0300%	1h	1.0145	−0.084%	$870K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0731%	1h	1.0151	−0.024%	$92K	$379K	10x	as long as short