Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0166%/8h= +18.2% APRpaid last 24h −0.013%

Price spread now: GRVT against Kraken Futures−0.453%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$430.431% of the position

Long on Kraken Futures Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 4 days (all we have)+0.222%+$22 · spread now −0.453%, 7d avg −0.042%

Together, before fees+0.154%+ Points / potential airdropGRVT: Active · farm board+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.411% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.453% now, against its 7-day average of −0.042%). If the spread goes back, that is −$41 on $10k: about 8.2 days of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.069%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SUIUSD	1.0403	−0.0066	get 0.0008% / 1h	52m 56s	$6.8M	$26.9M	50x
Short	GRVT SUI_USDT_Perp	1.0356	0.0100	get 0.0100% / 8h	3h 52m	$452K	$7.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Kraken Futures. 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 Kraken FuturesbpFee GRVTbpOrdersPrice spread, now −0.453%Rate

Funding earned: $34.92
Price spread: −0.453% → −0.042%: −$41.14
Slippage, 4 orders: −$24.11
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$49.33
Costs to cover: 0.431%
Break-even: 16.9 days

Slippage from Kraken Futures: live order book, 6 min ago; GRVT: live order book, 6 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 Kraken Futures live order book, 6 min ago	1.93 bp	12.6 bp −$13	15.9 bp −$159	38.1 bp −$3,807	doesn't fit
Sell GRVT live order book, 6 min ago	1.45 bp	8.4 bp −$8	24.0 bp −$240	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	−0.3470%	1h	1.0250	−1.470%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0376%	1h	1.0386	−0.159%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0304%	1h	1.0354	−0.473%	$6K	$19K	7x	as long as short
Kraken Futures PF_SUIUSDlong	−0.0066%	1h	1.0403	long leg	$6.8M	$26.9M	50x
dYdX SUI-USD	0.0000%	1h	1.0374	−0.277%	$130K	$227K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0413	+0.092%	$499K	$5.0M	2.5x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0390	−0.121%	$116K	—	150x	as long as short
Bluefin SUI-PERP	+0.0028%	1h	1.0383	−0.191%	$594K	$406K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0401	−0.019%	$803K	$5.4M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0405	+0.022%	$300K	$2.2M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex SUIUSDT	+0.0096%	1h	1.0384	−0.182%	$43K	$513K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0372	−0.294%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0386	−0.167%	$586K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0395	−0.074%	$909K	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0371	−0.307%	$224K	$259K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0397	−0.060%	$150.7M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0396	−0.068%	$102.2M	$309.8M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0394	−0.086%	$40.7M	$389.7M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0380	−0.220%	$44K	$330K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0369	−0.326%	$244K	$5K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0398	−0.047%	$170.4M	$80.9M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0400	−0.028%	$153.1M	$292.0M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0398	−0.047%	$50.1M	$53.9M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0394	−0.086%	$67.9M	$172.6M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0398	−0.047%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0403	+0.001%	$657K	$1.4M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0363	−0.387%	$2.5M	$3.4M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0356	−0.449%	$170K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perpshort	+0.0100%	8h	1.0356	−0.453%	$452K	$7.6M	10x
ApeX Omni SUIUSDT	+0.0100%	1h	1.0362	−0.393%	$228K	$429K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0396	−0.066%	$124K	$745K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0396	−0.066%	$48K	$143K	20x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0371	−0.307%	$2K	$1.7M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0398	−0.047%	$14K	$2.1M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0388	−0.143%	$584K	$19.7M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0392	−0.105%	$11.9M	$26.9M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0394	−0.084%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0406	+0.030%	$39K	$11K	3x	as long as short
Deribit SUI_USDC-PERPETUAL	+0.0135%	1h	1.0404	+0.010%	$202K	$572K	25x	as long as short
01 Exchange SUIUSD	+0.0136%	1h	1.0379	−0.230%	$9K	$2K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0397	−0.057%	$7.9M	$24.9M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0405	+0.020%	$1.0M	$15.1M	50x	as long as short
Phoenix SUI	+0.0408%	1h	1.0389	−0.137%	$211K	$415K	10x	as long as short
Hyperliquid SUI	+0.0422%	1h	1.0412	+0.087%	$75.3M	$81.4M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0613% / S −0.0267%	1h	1.0390	−0.125%	$959K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1485%	1h	1.0380	−0.222%	$83K	$402K	10x	as long as short