Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.3340%/8h= −365.7% APRpaid last 24h −0.937%

Price spread now: Injective against MEXC−1.403%7-day average −0.296% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−3.716%−$372 on $10k

Price spread, last 4 days (all we have)+0.774%+$77 · spread now −1.403%, 7d avg −0.296%

Together, before fees−2.941%−$294 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$100 a day on $10k at the current rate, and Injective is 1.107% cheaper against MEXC than usual: you would sell low and buy high (−$111 if the spread goes back to its 7-day average of −0.296%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SUI_USDT	1.0261	0.0100	pay 0.0100% / 8h	7h 13m	$98.9M	$291.7M	300x
Short	Injective SUI/USDC PERP	1.0117	−0.3240	pay 0.0405% / 1h	13m 19s	$42K	$113K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against MEXC. 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 MEXCbpFee InjectivebpOrdersPrice spread, now −1.403%Rate

Funding earned: −$701.33
Price spread: −1.403% → −0.296%: −$110.74
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$812.08
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 6 min ago; Injective: live order book, 20 min ago. Net counts fees only.

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 MEXC live order book, 6 min ago	0.49 bp	1.5 bp −$1	7.5 bp −$75	37.0 bp −$3,703	110.4 bp −$55.2K
Sell Injective live order book, 20 min ago	63.06 bp	doesn't fit	doesn't fit	doesn't fit	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 PERPshort	−0.3240%	1h	1.0117	−1.403%	$42K	$113K	12x
Reya SUIRUSDPERP	−0.0383%	1h	1.0256	−0.045%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0216%	1h	1.0248	−0.123%	$6K	$17K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0263	+0.022%	$96K	$245K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0265	+0.039%	$383K	$4.1M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0252	−0.088%	$197K	$528K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0256	−0.046%	$116K	—	150x	as long as short
Bluefin SUI-PERP	+0.0047%	1h	1.0237	−0.234%	$589K	$442K	25x	as long as short
01 Exchange SUIUSD	+0.0064%	1h	1.0264	+0.029%	$8K	$3K	10x	as long as short
Lighter SUI	+0.0096%	1h	1.0259	−0.020%	$755K	$4.9M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SUI	+0.0096%	1h	1.0260	−0.011%	$310K	$2.2M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0263	+0.019%	$48K	$530K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0253	−0.078%	$47K	$539K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0256	−0.045%	$27K	$6K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0262	+0.010%	$674K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0259	−0.016%	$915K	$4.1M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0259	−0.024%	$219K	$248K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0255	−0.057%	$146.2M	$958.1M	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0254	−0.068%	$98.9M	$298.1M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0254	−0.068%	$41.4M	$354.8M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0260	−0.010%	$43K	$317K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0219	−0.409%	$234K	$7K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0262	+0.010%	$169.7M	$80.2M	50x	as long as short
MEXC SUI_USDTlong	+0.0100%	8h	1.0261	long leg	$98.9M	$291.7M	300x
KuCoin SUIUSDTM	+0.0100%	8h	1.0263	+0.019%	$52.3M	$49.6M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0250	−0.107%	$67.7M	$162.1M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0260	−0.010%	—	$86.7M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0253	−0.078%	$672K	$1.3M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0254	−0.068%	$2.4M	$3.2M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0250	−0.110%	$165K	$4.2M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0256	−0.049%	$442K	$7.0M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0250	−0.107%	$207K	$356K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0268	+0.068%	$124K	$512K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0265	+0.039%	$2K	$1.5M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0251	−0.097%	$6K	$1.5M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0260	−0.010%	$751K	$17.7M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0256	−0.049%	$11.8M	$28.4M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0248	−0.129%	$1.4M	$4.0M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0257	−0.039%	$39K	$11K	3x	as long as short
Hyperliquid SUI	+0.0170%	1h	1.0273	+0.117%	$74.1M	$76.1M	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0251	−0.097%	$7.5M	$24.5M	100x	as long as short
Kraken Futures PF_SUIUSD	+0.0281%	1h	1.0253	−0.074%	$6.9M	$21.3M	50x	as long as short
Coinbase International SUI-PERP-INTX	+0.0360%	1h	1.0260	−0.010%	$1.0M	$13.5M	50x	as long as short
Phoenix SUI	+0.0426%	1h	1.0259	−0.023%	$204K	$395K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0603% / S −0.0263%	1h	1.0260	−0.010%	$943K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1084%	1h	1.0240	−0.208%	$81K	$412K	10x	as long as short