Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.012%

Price spread now: Binance against Lighter−0.012%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$210.208% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$4 on $10k

Price spread, last 7 days−0.037%−$4 · spread now −0.012%, 7d avg −0.018%

Together, before fees−0.081%+ Points / potential airdropLighter: Season 3 · farm board−$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SUI	1.0333	0.0096	pay 0.0012% / 1h	52m 36s	$794K	$5.9M	10x
Short	Binance SUIUSDT	1.0331	0.0100	get 0.0100% / 8h	52m 36s	$152.0M	$1.02B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter. 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 LighterbpFee BinancebpOrdersPrice spread, now −0.012%Rate

Funding earned: $0.84
Price spread: −0.012% → −0.018%: $0.63
Slippage, 4 orders: −$10.82
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$19.35
Costs to cover: 0.208%
Break-even: 168.2 days

Slippage from Lighter: live order book, 11 min ago; Binance: 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 Lighter live order book, 11 min ago	2.87 bp	4.0 bp −$4	11.9 bp −$119	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.49 bp	5.6 bp −$6	7.9 bp −$79	22.7 bp −$2,267	85.7 bp −$42.9K

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	1.0167	−1.603%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0369%	1h	1.0331	−0.018%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0320%	1h	1.0310	−0.222%	$6K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0331	−0.014%	$94K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0354	+0.205%	$462K	$5.4M	2.5x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0330	−0.024%	$120K	—	150x	as long as short
Deribit SUI_USDC-PERPETUAL	+0.0040%	1h	1.0338	+0.052%	$201K	$581K	25x	as long as short
Bluefin SUI-PERP	+0.0050%	1h	1.0325	−0.074%	$592K	$404K	25x	as long as short
Lighter SUIlong	+0.0096%	1h	1.0333	long leg	$794K	$5.9M	10x
Lighter RH SUI	+0.0096%	1h	1.0342	+0.087%	$261K	$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
01 Exchange SUIUSD	+0.0096%	1h	1.0334	+0.014%	$9K	$9K	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0331	−0.015%	$38K	$498K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0099%	8h	1.0329	−0.035%	$46K	$330K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0333	+0.002%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0337	+0.047%	$596K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0333	+0.001%	$1.0M	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0336	+0.033%	$224K	$262K	10x	as long as short
Binance SUIUSDTshort	+0.0100%	8h	1.0331	−0.012%	$152.0M	$1.02B	75x
Bybit SUIUSDT	+0.0100%	8h	1.0333	+0.008%	$103.8M	$306.9M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0330	−0.025%	$41.4M	$385.4M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0330	−0.025%	$46K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0269	−0.616%	$242K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0332	−0.006%	$165.4M	$80.7M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0330	−0.025%	$149.1M	$288.8M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0336	+0.033%	$51.8M	$52.1M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0326	−0.064%	$67.8M	$168.7M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0334	+0.014%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0339	+0.062%	$657K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0295	−0.363%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0319	−0.135%	$169K	$4.4M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0324	−0.080%	$445K	$6.9M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0299	−0.325%	$234K	$441K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0339	+0.062%	$108K	$782K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0343	+0.101%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0338	+0.052%	$7K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0328	−0.045%	$641K	$18.5M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0337	+0.043%	$11.6M	$24.8M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0330	−0.025%	$1.4M	$3.8M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0343	+0.097%	$49K	$37K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0327	−0.054%	$7.9M	$24.0M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0224%	1h	1.0351	+0.178%	$986K	$14.0M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0273%	1h	1.0344	+0.112%	$7.2M	$24.0M	50x	as long as short
Phoenix SUI	+0.0327%	1h	1.0335	+0.021%	$204K	$593K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0638% / S −0.0309%	1h	1.0330	−0.024%	$902K	—	100x	as long as short
Hyperliquid SUI	+0.0658%	1h	1.0355	+0.217%	$74.2M	$80.2M	10x	as long as short
Aftermath Perps SUIUSD	+0.0796%	1h	1.0303	−0.286%	$94K	$381K	10x	as long as short