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 +0.001%

Price spread now: Bybit against Lighter−0.045%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$250.249% of the position

Long on Lighter Short on Bybit

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.052%−$5 · spread now −0.045%, 7d avg −0.029%

Together, before fees−0.119%+ Points / potential airdropLighter: Season 3 · farm board−$12 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SUI	1.0391	0.0096	pay 0.0012% / 1h	2m 22s	$798K	$5.9M	10x
Short	Bybit SUIUSDT	1.0386	0.0100	get 0.0100% / 8h	2m 22s	$104.4M	$307.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.045%Rate

Funding earned: $0.84
Price spread: −0.045% → −0.029%: −$1.63
Slippage, 4 orders: −$13.89
Fee Lighter: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$25.67
Costs to cover: 0.249%
Break-even: 220.9 days

Slippage from Lighter: live order book, 6 min ago; Bybit: live order book, 7 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, 6 min ago	1.98 bp	6.3 bp −$6	18.1 bp −$181	doesn't fit	doesn't fit
Sell Bybit live order book, 7 min ago	0.48 bp	7.4 bp −$7	11.6 bp −$116	35.0 bp −$3,501	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	−0.3474%	1h	1.0288	−0.987%	$42K	$123K	12x	as long as short
Hibachi SUI/USDT-P	−0.0376%	1h	1.0390	−0.003%	$6K	$19K	7x	as long as short
Reya SUIRUSDPERP	−0.0370%	1h	1.0382	−0.086%	$4K	$3K	20x	as long as short
Bluefin SUI-PERP	−0.0063%	1h	1.0380	−0.102%	$595K	$406K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0393	+0.019%	$95K	$175K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0397	+0.062%	$464K	$5.2M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0395	+0.042%	$202K	$587K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0386	−0.043%	$120K	—	150x	as long as short
01 Exchange SUIUSD	+0.0088%	1h	1.0391	+0.004%	$9K	$9K	10x	as long as short
Lighter SUIlong	+0.0096%	1h	1.0391	long leg	$798K	$5.9M	10x

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SUI	+0.0096%	1h	1.0395	+0.041%	$261K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0387	−0.035%	$41K	$493K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0388	−0.025%	$46K	$327K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0389	−0.015%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0380	−0.097%	$657K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0389	−0.013%	$1.0M	$4.8M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0394	+0.035%	$225K	$259K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0386	−0.041%	$154.1M	$1.03B	75x	as long as short
Bybit SUIUSDTshort	+0.0100%	8h	1.0386	−0.045%	$104.4M	$307.8M	50x
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0387	−0.035%	$41.8M	$388.7M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0380	−0.102%	$46K	$387K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0385	−0.054%	$167.5M	$81.9M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0385	−0.054%	$151.0M	$293.0M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0382	−0.083%	$51.3M	$52.8M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0382	−0.083%	$68.5M	$167.7M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0385	−0.054%	—	$81.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0393	+0.023%	$667K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0349	−0.399%	$2.3M	$2.9M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0363	−0.269%	$168K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0382	−0.086%	$446K	$7.1M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0366	−0.237%	$236K	$444K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0394	+0.033%	$108K	$771K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0407	+0.158%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0393	+0.023%	$6K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0391	+0.004%	$653K	$18.5M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0391	+0.004%	$11.6M	$25.0M	50x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0379	−0.115%	$244K	$2K	10x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0380	−0.106%	$1.4M	$3.8M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0395	+0.044%	$49K	$37K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0392	+0.013%	$8.0M	$24.3M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0224%	1h	1.0395	+0.042%	$1.0M	$14.1M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0272%	1h	1.0399	+0.078%	$7.2M	$24.2M	50x	as long as short
Phoenix SUI	+0.0327%	1h	1.0401	+0.105%	$206K	$593K	10x	as long as short
Hyperliquid SUI	+0.0615%	1h	1.0401	+0.100%	$75.5M	$80.9M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0638% / S −0.0305%	1h	1.0385	−0.052%	$900K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0835%	1h	1.0387	−0.038%	$94K	$382K	10x	as long as short