Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: HTX against Lighter+0.018%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

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

costs, in and out, $10k−$290.292% of the position

Long on Lighter Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.018%, 7d avg −0.002%

Together, before fees−0.033%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SUI	1.0185	0.0096	pay 0.0012% / 1h	4m 28s	$770K	$5.4M	10x
Short	HTX SUI-USDT	1.0187	0.0100	get 0.0100% / 8h	1h 04m	$631K	$18.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.018%Rate

Funding earned: $0.84
Price spread: +0.018% → −0.002%: $1.98
Slippage, 4 orders: −$17.16
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$26.34
Costs to cover: 0.292%
Break-even: 226.5 days

Slippage from Lighter: live order book, 4 min ago; HTX: live order book, 5 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, 4 min ago	2.61 bp	3.7 bp −$4	10.3 bp −$103	104.0 bp −$10.4K	doesn't fit
Sell HTX live order book, 5 min ago	2.95 bp	10.4 bp −$10	24.8 bp −$248	49.7 bp −$4,965	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	−0.3536%	1h	1.0106	−0.778%	$42K	$113K	12x	as long as short
Reya SUIRUSDPERP	−0.0380%	1h	1.0169	−0.160%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0256%	1h	1.0190	+0.051%	$5K	$20K	7x	as long as short
Bluefin SUI-PERP	−0.0091%	1h	1.0177	−0.081%	$583K	$421K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0173	−0.118%	$95K	$257K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0196	+0.107%	$376K	$4.4M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0192	+0.067%	$196K	$558K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0173	−0.120%	$115K	—	150x	as long as short
Lighter SUIlong	+0.0096%	1h	1.0185	long leg	$770K	$5.4M	10x
Lighter RH SUI	+0.0096%	1h	1.0185	+0.001%	$297K	$2.2M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex SUIUSDT	+0.0096%	1h	1.0174	−0.110%	$39K	$522K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0190	+0.047%	$47K	$224K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0177	−0.081%	$27K	$8K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0169	−0.154%	$690K	$2.2M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0178	−0.074%	$898K	$4.2M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0182	−0.036%	$216K	$257K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0174	−0.110%	$146.3M	$1.00B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0171	−0.142%	$98.7M	$312.9M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0173	−0.120%	$41.0M	$372.2M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0170	−0.149%	$43K	$330K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0183	−0.017%	$239K	$454	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0179	−0.061%	$168.4M	$84.1M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0175	−0.100%	$153.1M	$293.2M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0174	−0.110%	$50.1M	$52.4M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0169	−0.159%	$67.1M	$170.4M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0173	−0.120%	—	$86.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0184	−0.012%	$670K	$1.4M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0186	+0.005%	$2.4M	$3.5M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0177	−0.076%	$163K	$4.4M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0172	−0.130%	$437K	$7.1M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0182	−0.031%	$223K	$377K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0180	−0.051%	$126K	$581K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0210	+0.243%	$2K	$1.6M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0189	+0.037%	$5K	$1.8M	10x	as long as short
HTX SUI-USDTshort	+0.0100%	8h	1.0187	+0.018%	$631K	$18.4M	75x
Phemex SUIUSDT	+0.0100%	8h	1.0190	+0.047%	$11.8M	$28.2M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0168	−0.173%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0188	+0.027%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0184%	1h	1.0175	−0.100%	$8K	$3K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0188	+0.027%	$7.6M	$24.5M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0280%	1h	1.0193	+0.077%	$1.0M	$14.6M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0364%	1h	1.0191	+0.055%	$6.8M	$21.9M	50x	as long as short
Hyperliquid SUI	+0.0372%	1h	1.0181	−0.041%	$73.4M	$80.3M	10x	as long as short
Phoenix SUI	+0.0431%	1h	1.0192	+0.067%	$202K	$413K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0601% / S −0.0263%	1h	1.0172	−0.126%	$935K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1356%	1h	1.0185	−0.004%	$82K	$409K	10x	as long as short