Settings8H · net · $10k
Funding arb · Price arb /

SUI

all SUI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.3451%/8h= +377.9% APRnext payment +$4.31 per $10,000 · paid last 24h +0.781%
Price spread now: Hyperliquid against Injective+1.241%73s7-day average +0.335% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+2.172%+$217 on $10k
Price spread, last 3 days (all we have)−0.697%−$70 · spread now +1.241%, 7d avg +0.335%
Together, before fees+1.475%+ Points / potential airdropHyperliquid: Season 2 · farm board+$147 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$104 a day on $10k at the current rate, and Hyperliquid is 0.905% dearer against Injective than usual: you sell high and buy low: +$91 more if the spread goes back to its 7-day average of +0.335%. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective SUI/USDC PERP1.0157−0.2926get 0.0366% / 1h59m 56s$42K$123K12x
ShortHyperliquid SUI1.02830.0525get 0.0066% / 1h59m 56s$73.5M$80.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Injective. 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

Funding earned
$724.67
Price spread: +1.241% → +0.335%
$90.53
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$806.19
Costs to cover
0.090%
Break-even
from the start
Slippage unknown: Injective: live order book, 19 min ago; Hyperliquid: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective live order book, 19 min ago58.78 bp2005471.8 bp −$2.01M20107470.0 bp −$201.07M200793424.0 bp −$20079.34M1002999680.0 bp −$501499.84M
Sell Hyperliquid live order book, 4 min ago0.97 bp5.5 bp −$514.1 bp −$141doesn't fitdoesn't fit

SUI on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SUI/USDC PERPlong−0.2926%1h1.0157long leg$42K$123K12x
Reya SUIRUSDPERP−0.0369%1h1.0268+1.094%$4K$3K20xas long as short
Hibachi SUI/USDT-P−0.0320%1h1.0253+0.950%$6K$19K7xas long as short
Bluefin SUI-PERP−0.0141%1h1.0256+0.975%$588K$403K25xas long as short
dYdX SUI-USD0.0000%1h1.0271+1.127%$94K$66K10xas long as short
Kalshi KXSUIPERP0.0000%8h1.0286+1.270%$459K$5.4M2.5xas long as short
gTrade (Gains Network) SUI/USDL +0.0003% / S −0.0002%1h1.0269+1.104%$119K150xas long as short
Lighter SUI+0.0096%1h1.0268+1.096%$785K$5.9M10xas long as short
Lighter RH SUI+0.0096%1h1.0272+1.134%$259K$2.0M10xas long as short
Popdex SUIUSDT+0.0096%1h1.0272+1.132%$37K$500K50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_SUI_USDC+0.0099%8h1.0267+1.083%$45K$330K20xas long as short
Paradex SUI-USD-PERP+0.0100%8h1.0270+1.112%$27K$9K30xas long as short
Nado SUI-PERP+0.0100%1h1.0267+1.088%$592K$1.4M10xas long as short
Aster SUIUSDT+0.0100%8h1.0272+1.136%$1.0M$4.6M75xas long as short
Pacifica SUI+0.0100%1h1.0271+1.125%$222K$263K10xas long as short
Binance SUIUSDT+0.0100%8h1.0266+1.075%$150.9M$1.02B75xas long as short
Bybit SUIUSDT+0.0100%8h1.0269+1.104%$103.1M$307.1M50xas long as short
OKX SUI-USDT-SWAP+0.0100%8h1.0266+1.073%$41.2M$382.9M50xas long as short
Arcus SUI-USD+0.0100%1h1.0270+1.113%$45K$387K10xas long as short
Bulk SUI-USD+0.0100%1h1.0269+1.103%$242K$2K10xas long as short
Gate SUI_USDT+0.0100%8h1.0268+1.093%$164.9M$81.1M50xas long as short
MEXC SUI_USDT+0.0100%8h1.0266+1.073%$148.5M$298.2M300xas long as short
KuCoin SUIUSDTM+0.0100%8h1.0265+1.063%$51.5M$52.1M75xas long as short
Bitget SUIUSDT+0.0100%8h1.0264+1.053%$67.9M$168.4M75xas long as short
BingX SUI-USDT+0.0100%8h1.0268+1.093%$81.5Mas long as short
Backpack SUI_USDC_PERP+0.0100%1h1.0267+1.083%$652K$1.1M20xas long as short
Variational Omni SUI+0.0100%8h1.0258+0.996%$2.3M$2.8Mas long as short
edgeX SUIUSDC+0.0100%4h1.0257+0.982%$168K$4.4M20xas long as short
GRVT SUI_USDT_Perp+0.0100%8h1.0260+1.014%$445K$7.0M10xas long as short
ApeX Omni SUIUSDT+0.0100%1h1.0251+0.925%$232K$441K50xas long as short
Polymarket Perps SUI-USD+0.0100%1h1.0278+1.191%$107K$794K10xas long as short
SunX SUI-USDT+0.0100%8h1.0284+1.250%$2K$1.9M30xas long as short
SoDEX SUI-USD+0.0100%1h1.0267+1.083%$7K$2.4M10xas long as short
HTX SUI-USDT+0.0100%8h1.0266+1.073%$635K$18.5M75xas long as short
Phemex SUIUSDT+0.0100%8h1.0264+1.053%$11.5M$24.7M50xas long as short
Extended SUI-USD+0.0104%1h1.0263+1.048%$1.4M$3.7M50xas long as short
01 Exchange SUIUSD+0.0104%1h1.0275+1.162%$9K$9K10xas long as short
Aevo SUI-PERP+0.0104%1h1.0270+1.108%$49K$37K3xas long as short
BloFin SUI-USDT+0.0220%8h1.0261+1.024%$7.9M$23.8M100xas long as short
Deribit SUI_USDC-PERPETUAL+0.0237%1h1.0275+1.162%$200K$593K25xas long as short
Coinbase International SUI-PERP-INTX+0.0248%1h1.0272+1.132%$980K$13.9M50xas long as short
Kraken Futures PF_SUIUSD+0.0296%1h1.0271+1.123%$7.2M$24.1M50xas long as short
Phoenix SUI+0.0346%1h1.0274+1.156%$203K$574K10xas long as short
Hyperliquid SUIshort+0.0525%1h1.0283+1.241%$73.5M$80.3M10x
GMX SUI/USD [ETH-USDC]L +0.0637% / S −0.0309%1h1.0269+1.102%$897K100xas long as short
Aftermath Perps SUIUSD+0.0771%1h1.0267+1.081%$93K$381K10xas long as short