Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.3570%/8h= +391.0% APRpaid last 24h +0.831%

Price spread now: SunX against Injective+0.956%7-day average +0.389% · you sell dearer than you buy

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

Long on Injective Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+3.669%+$367 on $10k

Price spread, last 4 days (all we have)−0.113%−$11 · spread now +0.956%, 7d avg +0.389%

Together, before fees+3.556%+$356 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$107 a day on $10k at the current rate, and SunX is 0.567% dearer against Injective than usual: you sell high and buy low: +$57 more if the spread goes back to its 7-day average of +0.389%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective SUI/USDC PERP	1.0251	−0.3470	get 0.0434% / 1h	56m 44s	$42K	$123K	12x
Short	SunX SUI-USDT	1.0349	0.0100	get 0.0100% / 8h	3h 56m	$2K	$1.7M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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

Position, each leg$Hold fordaysFee InjectivebpFee SunXbpOrdersPrice spread, now +0.956%Rate

Funding earned: $749.78
Price spread: +0.956% → +0.389%: $56.67
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SunX: 4 bp × 2 orders: −$8
Net: $798.43
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Injective: live order book, 62 min ago; SunX: live order book, 9 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 Injective live order book, 62 min ago	63.83 bp	2006030.4 bp −$2.01M	20112266.0 bp −$201.12M	200833520.0 bp −$20083.35M	1003178880.0 bp −$501589.44M
Sell SunX live order book, 9 min ago	29.94 bp	69.3 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 PERPlong	−0.3470%	1h	1.0251	long leg	$42K	$123K	12x
Reya SUIRUSDPERP	−0.0376%	1h	1.0352	+0.984%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0320%	1h	1.0352	+0.982%	$6K	$19K	7x	as long as short
Kraken Futures PF_SUIUSD	−0.0067%	1h	1.0357	+1.036%	$6.8M	$26.9M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0373	+1.189%	$130K	$227K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0369	+1.148%	$497K	$5.0M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0350	+0.966%	$201K	$573K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0352	+0.986%	$116K	—	150x	as long as short
Bluefin SUI-PERP	+0.0005%	1h	1.0339	+0.858%	$592K	$407K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0354	+1.005%	$799K	$5.4M	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	1.0360	+1.059%	$299K	$2.2M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0359	+1.054%	$42K	$513K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0369	+1.152%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0356	+1.029%	$584K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0358	+1.043%	$906K	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0373	+1.190%	$224K	$259K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0354	+1.005%	$150.1M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0353	+0.995%	$101.7M	$309.8M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0350	+0.966%	$40.8M	$387.8M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0370	+1.161%	$44K	$330K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0339	+0.858%	$243K	$6K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0353	+0.995%	$169.7M	$80.8M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0356	+1.024%	$152.7M	$291.8M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0356	+1.024%	$49.9M	$53.9M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0348	+0.946%	$67.6M	$172.5M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0352	+0.985%	—	$82.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0350	+0.966%	$654K	$1.4M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0383	+1.285%	$2.5M	$3.4M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0364	+1.107%	$170K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0363	+1.093%	$453K	$7.6M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0369	+1.151%	$229K	$430K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0366	+1.122%	$123K	$747K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0351	+0.976%	$48K	$145K	20x	as long as short
SunX SUI-USDTshort	+0.0100%	8h	1.0349	+0.956%	$2K	$1.7M	30x
SoDEX SUI-USD	+0.0100%	1h	1.0353	+0.995%	$14K	$2.1M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0353	+0.995%	$588K	$19.6M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0356	+1.024%	$11.9M	$26.8M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0353	+0.992%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0356	+1.028%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0136%	1h	1.0360	+1.063%	$9K	$2K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0354	+1.005%	$7.9M	$24.8M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0367	+1.132%	$975K	$15.0M	50x	as long as short
Phoenix SUI	+0.0390%	1h	1.0371	+1.166%	$210K	$415K	10x	as long as short
Hyperliquid SUI	+0.0399%	1h	1.0366	+1.122%	$75.0M	$81.6M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0612% / S −0.0267%	1h	1.0352	+0.983%	$957K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1498%	1h	1.0378	+1.240%	$83K	$402K	10x	as long as short