Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: Phemex against KuCoin+0.010%50s7-day average −0.005% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$430.430% of the position

Long on KuCoin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 3 days (all we have)+0.009%+$1 · spread now +0.010%, 7d avg −0.005%

Together, before fees−0.059%−$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SUIUSDTM	1.0166	0.0100	pay 0.0100% / 8h	2h 05m	$51.9M	$51.5M	75x
Short	Phemex SUIUSDT	1.0167	0.0100	get 0.0100% / 8h	2h 05m	$11.4M	$24.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.010%Rate

Funding earned: $0
Price spread: +0.010% → −0.005%: $1.51
Slippage, 4 orders: −$18.97
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$41.46
Costs to cover: 0.430%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Phemex: live order book, 4 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, 4 min ago	1.47 bp	9.8 bp −$10	21.7 bp −$217	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	0.98 bp	10.2 bp −$10	23.1 bp −$231	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	−0.2398%	1h	1.0093	−0.718%	$41K	$123K	12x	as long as short
Hibachi SUI/USDT-P	−0.0480%	1h	1.0162	−0.039%	$6K	$18K	7x	as long as short
Reya SUIRUSDPERP	−0.0367%	1h	1.0164	−0.018%	$4K	$3K	20x	as long as short
Bluefin SUI-PERP	−0.0115%	1h	1.0156	−0.098%	$582K	$405K	25x	as long as short
Kraken Futures PF_SUIUSD	−0.0022%	1h	1.0170	+0.035%	$7.0M	$24.0M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0167	+0.014%	$93K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0171	+0.053%	$457K	$5.5M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0172	+0.059%	$186K	$547K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0169	+0.028%	$118K	—	150x	as long as short
01 Exchange SUIUSD	+0.0088%	1h	1.0172	+0.059%	$9K	$9K	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SUI	+0.0096%	1h	1.0170	+0.041%	$777K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0173	+0.071%	$251K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0168	+0.020%	$36K	$503K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0098%	8h	1.0168	+0.020%	$44K	$376K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0168	+0.024%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0164	−0.015%	$594K	$1.3M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0169	+0.032%	$996K	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0172	+0.059%	$219K	$261K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0167	+0.009%	$150.7M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0169	+0.031%	$101.8M	$306.9M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0168	+0.020%	$40.7M	$381.0M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0170	+0.039%	$147K	$297K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0178	+0.123%	$239K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0166	0.000%	$163.8M	$81.2M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0167	+0.010%	$147.3M	$299.3M	300x	as long as short
KuCoin SUIUSDTMlong	+0.0100%	8h	1.0166	long leg	$51.9M	$51.5M	75x
Bitget SUIUSDT	+0.0100%	8h	1.0163	−0.030%	$66.8M	$168.9M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0166	0.000%	—	$81.9M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0163	−0.030%	$646K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0165	−0.009%	$2.2M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0181	+0.148%	$164K	$4.4M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0177	+0.108%	$441K	$7.1M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0175	+0.089%	$230K	$445K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0174	+0.079%	$106K	$785K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0185	+0.187%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0165	−0.010%	$6K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0163	−0.030%	$618K	$18.8M	75x	as long as short
Phemex SUIUSDTshort	+0.0100%	8h	1.0167	+0.010%	$11.4M	$24.5M	50x
Hyperliquid SUI	+0.0103%	1h	1.0177	+0.108%	$72.4M	$81.4M	10x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0167	+0.007%	$1.4M	$3.7M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0168	+0.018%	$48K	$37K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0216%	1h	1.0203	+0.364%	$977K	$13.7M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0176	+0.098%	$8.0M	$23.7M	100x	as long as short
Phoenix SUI	+0.0290%	1h	1.0205	+0.383%	$184K	$578K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0636% / S −0.0311%	1h	1.0165	−0.008%	$891K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0657%	1h	1.0177	+0.108%	$91K	$381K	10x	as long as short