Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.007%

Price spread now: Deribit against KuCoin+0.039%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$420.421% of the position

Long on KuCoin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 3 days (all we have)+0.031%+$3 · spread now +0.039%, 7d avg +0.026%

Together, before fees+0.053%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.026%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SUIUSDTM	1.0245	0.0100	pay 0.0100% / 8h	1h 25m	$51.5M	$52.2M	75x
Short	Deribit SUI_USDC-PERPETUAL	1.0249	0	get 0.0000% / 1h	25m 40s	$190K	$562K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against KuCoin. 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 KuCoinbpFee DeribitbpOrdersPrice spread, now +0.039%Rate

Funding earned: −$21
Price spread: +0.039% → +0.026%: $1.29
Slippage, 4 orders: −$23.12
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$61.83
Costs to cover: 0.421%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Deribit: live order book, 58 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 KuCoin live order book, 3 min ago	0.97 bp	12.6 bp −$13	27.5 bp −$275	doesn't fit	doesn't fit
Sell Deribit live order book, 58 min ago	3.44 bp	7.9 bp −$8	14.9 bp −$149	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	−0.2926%	1h	1.0179	−0.644%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0368%	1h	1.0248	+0.032%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0192%	1h	1.0244	−0.014%	$6K	$19K	7x	as long as short
Bluefin SUI-PERP	−0.0140%	1h	1.0210	−0.342%	$585K	$406K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0250	+0.045%	$93K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0257	+0.122%	$457K	$5.5M	2.5x	as long as short
Deribit SUI_USDC-PERPETUALshort	0.0000%	1h	1.0249	+0.039%	$190K	$562K	25x
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0252	+0.068%	$119K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0249	+0.039%	$786K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0251	+0.054%	$258K	$2.0M	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	1.0250	+0.049%	$37K	$500K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0098%	8h	1.0249	+0.039%	$45K	$371K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0245	−0.001%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0246	+0.010%	$592K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0253	+0.079%	$1.0M	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0246	+0.012%	$223K	$263K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0246	+0.006%	$151.0M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0248	+0.031%	$102.6M	$307.1M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0251	+0.059%	$40.9M	$383.2M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0250	+0.049%	$45K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0242	−0.029%	$241K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0251	+0.059%	$164.8M	$80.8M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0247	+0.020%	$148.6M	$296.6M	300x	as long as short
KuCoin SUIUSDTMlong	+0.0100%	8h	1.0245	long leg	$51.5M	$52.2M	75x
Bitget SUIUSDT	+0.0100%	8h	1.0247	+0.020%	$67.3M	$168.5M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0255	+0.098%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0239	−0.059%	$654K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0260	+0.149%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0258	+0.129%	$165K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0268	+0.227%	$445K	$7.0M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0266	+0.205%	$233K	$441K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0256	+0.107%	$107K	$792K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0263	+0.176%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0246	+0.010%	$6K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0247	+0.020%	$627K	$18.6M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0242	−0.029%	$11.5M	$24.7M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0252	+0.070%	$1.4M	$3.7M	50x	as long as short
01 Exchange SUIUSD	+0.0104%	1h	1.0252	+0.068%	$9K	$9K	10x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0251	+0.056%	$48K	$37K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0260	+0.146%	$8.0M	$23.8M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0255	+0.098%	$967K	$13.9M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0296%	1h	1.0248	+0.032%	$7.1M	$24.2M	50x	as long as short
Phoenix SUI	+0.0346%	1h	1.0270	+0.243%	$203K	$574K	10x	as long as short
Hyperliquid SUI	+0.0510%	1h	1.0262	+0.169%	$73.2M	$81.1M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0637% / S −0.0309%	1h	1.0250	+0.051%	$895K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0728%	1h	1.0259	+0.140%	$94K	$382K	10x	as long as short