Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: BingX against Lighter−0.027%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

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

Long on Lighter Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 7 days−0.055%−$5 · spread now −0.027%, 7d avg −0.028%

Together, before fees−0.074%+ Points / potential airdropLighter: Season 3 · farm board−$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SUI	1.0555	0.0096	pay 0.0012% / 1h	50m 16s	$825K	$5.6M	10x
Short	BingX SUI-USDC	1.0552	0.0100	get 0.0100% / 8h	6h 50m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.027%Rate

Funding earned: $0.84
Price spread: −0.027% → −0.028%: $0.18
Slippage, 4 orders: −$33.11
Fee Lighter: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$42.09
Costs to cover: 0.431%
Break-even: 357.8 days

Slippage from Lighter: live order book, 13 min ago; BingX: live order book, 1 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, 13 min ago	3.57 bp	6.9 bp −$7	12.6 bp −$126	doesn't fit	doesn't fit
Sell BingX live order book, 1 min ago	0.95 bp	13.9 bp −$14	19.1 bp −$191	70.2 bp −$7,022	95.6 bp −$47.8K

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	−0.4499%	1h	1.0442	−1.069%	$43K	$123K	12x	as long as short
Hibachi SUI/USDT-P	−0.0512%	1h	1.0549	−0.058%	$6K	$19K	7x	as long as short
Reya SUIRUSDPERP	−0.0372%	1h	1.0543	−0.107%	$4K	$3K	20x	as long as short
ApeX Omni SUIUSDT	−0.0332%	1h	1.0516	−0.368%	$232K	$491K	50x	as long as short
Bluefin SUI-PERP	−0.0148%	1h	1.0555	+0.002%	$604K	$419K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0554	−0.004%	$96K	$171K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0525	−0.281%	$556K	$5.0M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0571	+0.153%	$205K	$580K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0553	−0.016%	$115K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0011%	1h	1.0572	+0.163%	$7.2M	$25.7M	50x	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	+0.0072%	1h	1.0564	+0.087%	$9K	$9K	10x	as long as short
Lighter SUIlong	+0.0096%	1h	1.0555	long leg	$825K	$5.6M	10x
Lighter RH SUI	+0.0096%	1h	1.0571	+0.157%	$278K	$2.1M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0555	+0.002%	$36K	$479K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0099%	8h	1.0566	+0.106%	$48K	$304K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0590	+0.338%	$28K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0554	−0.012%	$840K	$1.6M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0558	+0.030%	$968K	$5.0M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0559	+0.037%	$230K	$261K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0552	−0.026%	$153.7M	$1.05B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0559	+0.043%	$104.9M	$312.0M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0569	+0.135%	$41.6M	$399.2M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0560	+0.049%	$47K	$371K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0554	−0.008%	$170.0M	$82.6M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0549	−0.055%	$153.5M	$293.7M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0545	−0.093%	$51.6M	$54.0M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0562	+0.068%	$68.6M	$172.3M	75x	as long as short
BingX SUI-USDCshort	+0.0100%	8h	1.0552	−0.027%	—	$6.5M	—
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0557	+0.021%	$687K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0540	−0.141%	$2.4M	$3.2M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0494	−0.572%	$172K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0561	+0.062%	$463K	$7.6M	10x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0560	+0.049%	$121K	$731K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0560	+0.049%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0565	+0.097%	$6K	$2.2M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0567	+0.116%	$663K	$19.6M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0566	+0.106%	$11.7M	$25.5M	50x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0504	−0.480%	$247K	$3K	10x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0564	+0.088%	$1.5M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0573	+0.170%	$40K	$16K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0152%	1h	1.0564	+0.087%	$997K	$14.8M	50x	as long as short
Hyperliquid SUI	+0.0206%	1h	1.0559	+0.040%	$75.8M	$80.7M	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0551	−0.036%	$8.1M	$25.7M	100x	as long as short
Phoenix SUI	+0.0221%	1h	1.0435	−1.138%	$207K	$595K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0636% / S −0.0282%	1h	1.0552	−0.022%	$1.0M	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0933%	1h	1.0541	−0.129%	$79K	$382K	10x	as long as short