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: SunX against Hyperliquid+0.020%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$142as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1271.275% of the position

Long on Hyperliquid Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.034%−$3 · spread now +0.020%, 7d avg +0.004%

Together, before fees−0.180%+ Points / potential airdropHyperliquid: Season 2 · farm board−$18 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid SUI	1.0131	0.0100	pay 0.0013% / 1h	38m 52s	$72.1M	$81.8M	10x
Short	SunX SUI-USDT	1.0133	0.0100	get 0.0100% / 8h	2h 38m	$2K	$1.9M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → +0.004%: $1.62
Slippage, 4 orders: −$110.46
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$125.84
Costs to cover: 1.275%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 5 min ago; SunX: live order book, 7 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, 5 min ago	0.49 bp	7.9 bp −$8	14.0 bp −$140	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	30.03 bp	69.2 bp −$69	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 PERP	−0.2398%	1h	1.0041	−0.888%	$41K	$81K	12x	as long as short
Hibachi SUI/USDT-P	−0.0504%	1h	1.0140	+0.093%	$6K	$19K	7x	as long as short
Reya SUIRUSDPERP	−0.0366%	1h	1.0123	−0.078%	$4K	$3K	20x	as long as short
Bluefin SUI-PERP	−0.0128%	1h	1.0111	−0.197%	$579K	$411K	25x	as long as short
Kraken Futures PF_SUIUSD	−0.0022%	1h	1.0124	−0.065%	$6.8M	$23.8M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0137	+0.059%	$92K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0153	+0.215%	$454K	$5.5M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0126	−0.049%	$185K	$547K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0128	−0.031%	$117K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0120	−0.104%	$762K	$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	1.0125	−0.057%	$245K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0120	−0.109%	$35K	$504K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0097%	8h	1.0124	−0.069%	$44K	$379K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0130	−0.009%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0119	−0.114%	$589K	$1.4M	10x	as long as short
Hyperliquid SUIlong	+0.0100%	1h	1.0131	long leg	$72.1M	$81.8M	10x
Aster SUIUSDT	+0.0100%	8h	1.0127	−0.036%	$979K	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0137	+0.059%	$219K	$262K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0134	+0.030%	$150.0M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0136	+0.051%	$101.8M	$307.4M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0134	+0.030%	$40.6M	$380.1M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0130	−0.010%	$146K	$297K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0139	+0.083%	$238K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0132	+0.010%	$163.0M	$81.0M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0133	+0.020%	$148.1M	$297.3M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0132	+0.010%	$53.0M	$51.3M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0120	−0.109%	$66.6M	$169.3M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0134	+0.030%	—	$6.6M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0121	−0.099%	$638K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0139	+0.075%	$2.2M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0139	+0.074%	$163K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0131	+0.002%	$438K	$7.1M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0142	+0.109%	$230K	$444K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0128	−0.030%	$105K	$796K	10x	as long as short
SunX SUI-USDTshort	+0.0100%	8h	1.0133	+0.020%	$2K	$1.9M	30x
SoDEX SUI-USD	+0.0100%	1h	1.0121	−0.099%	$6K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0120	−0.109%	$627K	$18.9M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0125	−0.059%	$11.3M	$24.4M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0126	−0.050%	$1.4M	$3.7M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0125	−0.058%	$48K	$37K	3x	as long as short
01 Exchange SUIUSD	+0.0152%	1h	1.0119	−0.118%	$9K	$9K	10x	as long as short
Coinbase International SUI-PERP-INTX	+0.0216%	1h	1.0145	+0.138%	$973K	$13.7M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0122	−0.089%	$7.9M	$23.6M	100x	as long as short
Phoenix SUI	+0.0290%	1h	1.0151	+0.202%	$183K	$578K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0629% / S −0.0300%	1h	1.0126	−0.045%	$868K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0730%	1h	1.0143	+0.123%	$92K	$379K	10x	as long as short