Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against KuCoin+0.087%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$163as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1461.463% of the position

Long on KuCoin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.167%−$17 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.087% dearer against KuCoin than usual: you sell high and buy low (spread +0.087% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SUIUSDTM	1.0341	0.0100	pay 0.0100% / 8h	21m 40s	$51.7M	$52.5M	75x
Short	dYdX SUI-USD	1.0350	0	get 0.0000% / 1h	21m 40s	$97K	$173K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.087%Rate

Funding earned: −$21
Price spread: +0.087% → 0.000%: $8.7
Slippage, 4 orders: −$124.32
Fee KuCoin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$158.62
Costs to cover: 1.463%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; dYdX: live order book, 12 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, 2 min ago	0.97 bp	12.8 bp −$13	22.8 bp −$228	doesn't fit	doesn't fit
Sell dYdX live order book, 12 min ago	55.81 bp	60.8 bp −$61	87.3 bp −$873	113.0 bp −$11.3K	151.6 bp −$75.8K

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	−0.3474%	1h	1.0240	−0.977%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0369%	1h	1.0344	+0.027%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0320%	1h	1.0353	+0.114%	$6K	$19K	7x	as long as short
Bluefin SUI-PERP	−0.0055%	1h	1.0344	+0.029%	$593K	$406K	25x	as long as short
dYdX SUI-USDshort	0.0000%	1h	1.0350	+0.087%	$97K	$173K	10x
Kalshi KXSUIPERP	0.0000%	8h	1.0350	+0.091%	$462K	$5.3M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0356	+0.145%	$201K	$581K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0356	+0.145%	$119K	—	150x	as long as short
01 Exchange SUIUSD	+0.0088%	1h	1.0358	+0.164%	$9K	$9K	10x	as long as short
Lighter SUI	+0.0096%	1h	1.0346	+0.047%	$795K	$5.9M	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	1.0353	+0.119%	$261K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0349	+0.077%	$40K	$496K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0356	+0.145%	$46K	$328K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0345	+0.039%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0342	+0.010%	$599K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0352	+0.109%	$1.0M	$4.7M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0348	+0.064%	$224K	$260K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0344	+0.031%	$152.3M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0347	+0.055%	$103.9M	$307.4M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0342	+0.010%	$41.4M	$387.0M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0350	+0.087%	$46K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0338	−0.033%	$243K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0348	+0.068%	$165.8M	$81.3M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0346	+0.048%	$150.1M	$291.4M	300x	as long as short
KuCoin SUIUSDTMlong	+0.0100%	8h	1.0341	long leg	$51.7M	$52.5M	75x
Bitget SUIUSDT	+0.0100%	8h	1.0346	+0.048%	$68.0M	$168.0M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0346	+0.048%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0350	+0.087%	$665K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0350	+0.090%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0337	−0.035%	$168K	$4.4M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0367	+0.248%	$455K	$7.0M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0336	−0.048%	$234K	$442K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0359	+0.174%	$108K	$775K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0361	+0.193%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0351	+0.097%	$6K	$2.3M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0353	+0.116%	$645K	$18.5M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0351	+0.097%	$11.6M	$24.9M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0343	+0.015%	$1.4M	$3.8M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0362	+0.203%	$49K	$37K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0354	+0.126%	$8.0M	$24.2M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0224%	1h	1.0350	+0.087%	$980K	$14.0M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0273%	1h	1.0356	+0.148%	$7.2M	$24.1M	50x	as long as short
Phoenix SUI	+0.0327%	1h	1.0352	+0.102%	$205K	$593K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0635% / S −0.0304%	1h	1.0354	+0.126%	$895K	—	100x	as long as short
Hyperliquid SUI	+0.0662%	1h	1.0366	+0.242%	$75.0M	$80.9M	10x	as long as short
Aftermath Perps SUIUSD	+0.0820%	1h	1.0353	+0.114%	$93K	$382K	10x	as long as short