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 −0.002%

Price spread now: Gate against Lighter−0.044%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$430.428% of the position

Long on Lighter Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 7 days−0.046%−$5 · spread now −0.044%, 7d avg −0.035%

Together, before fees−0.125%+ Points / potential airdropLighter: Season 3 · farm board−$13 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SUI	1.0360	0.0096	pay 0.0012% / 1h	5m 45s	$816K	$5.7M	10x
Short	Gate SUI_USDT	1.0355	0.0100	get 0.0100% / 8h	6h 05m	$164.2M	$84.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.044%Rate

Funding earned: $0.84
Price spread: −0.044% → −0.035%: −$0.98
Slippage, 4 orders: −$27.76
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$42.9
Costs to cover: 0.428%
Break-even: 364.5 days

Slippage from Lighter: live order book, 7 min ago; Gate: live order book, 3 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, 7 min ago	2.70 bp	6.4 bp −$6	14.0 bp −$140	97.5 bp −$9,755	doesn't fit
Sell Gate live order book, 3 min ago	1.45 bp	16.6 bp −$17	26.2 bp −$262	56.4 bp −$5,642	103.3 bp −$51.6K

SUI on 45 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	1.0250	−1.058%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0373%	1h	1.0367	+0.070%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0304%	1h	1.0374	+0.137%	$6K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0353	−0.064%	$94K	$170K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0385	+0.243%	$506K	$4.9M	2.5x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0364	+0.039%	$113K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0012%	1h	1.0367	+0.071%	$6.8M	$27.0M	50x	as long as short
Bluefin SUI-PERP	+0.0060%	1h	1.0355	−0.044%	$593K	$413K	25x	as long as short
Lighter SUIlong	+0.0096%	1h	1.0360	long leg	$816K	$5.7M	10x
Lighter RH SUI	+0.0096%	1h	1.0364	+0.038%	$276K	$2.1M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex SUIUSDT	+0.0096%	1h	1.0369	+0.091%	$31K	$494K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0356	−0.034%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0373	+0.125%	$735K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0356	−0.036%	$909K	$4.9M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0354	−0.054%	$226K	$268K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0355	−0.048%	$151.2M	$1.04B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0357	−0.021%	$102.9M	$310.2M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0358	−0.015%	$40.8M	$386.8M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0360	+0.004%	$44K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0361	+0.009%	$244K	$4K	10x	as long as short
Gate SUI_USDTshort	+0.0100%	8h	1.0355	−0.044%	$164.2M	$84.6M	50x
MEXC SUI_USDT	+0.0100%	8h	1.0355	−0.044%	$149.9M	$301.3M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0353	−0.064%	$50.5M	$53.9M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0349	−0.102%	$67.3M	$170.1M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0353	−0.064%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0355	−0.044%	$674K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0364	+0.039%	$2.4M	$3.2M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0350	−0.094%	$169K	$4.7M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0361	+0.018%	$449K	$7.4M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0344	−0.151%	$236K	$474K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0380	+0.197%	$120K	$723K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0367	+0.071%	$47K	$244K	20x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0383	+0.226%	$2K	$1.8M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0365	+0.052%	$6K	$2.1M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0363	+0.033%	$600K	$19.9M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0366	+0.062%	$11.6M	$25.9M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0351	−0.083%	$1.5M	$4.1M	50x	as long as short
01 Exchange SUIUSD	+0.0104%	1h	1.0370	+0.100%	$9K	$3K	10x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0370	+0.100%	$39K	$16K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0152%	1h	1.0377	+0.168%	$989K	$14.6M	50x	as long as short
Phoenix SUI	+0.0221%	1h	1.0373	+0.132%	$206K	$595K	10x	as long as short
Hyperliquid SUI	+0.0266%	1h	1.0374	+0.139%	$74.6M	$80.0M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0626% / S −0.0278%	1h	1.0363	+0.029%	$978K	—	100x	as long as short
Deribit SUI_USDC-PERPETUAL	+0.0811%	1h	1.0376	+0.158%	$201K	$577K	25x	as long as short
Aftermath Perps SUIUSD	+0.1094%	1h	1.0381	+0.209%	$82K	$382K	10x	as long as short