Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.020%

Price spread now: GRVT against Nado−0.019%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$300.295% of the position

Long on Nado Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.022%−$2 on $10k

Price spread, last 3 days (all we have)−0.172%−$17 · spread now −0.019%, 7d avg −0.028%

Together, before fees−0.194%+ Points / potential airdropNado: Active · GRVT: Active · farm board−$19 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado SUI-PERP	1.0134	0.0100	pay 0.0012% / 1h	29m 06s	$590K	$1.3M	10x
Short	GRVT SUI_USDT_Perp	1.0133	0.0100	get 0.0100% / 8h	2h 29m	$445K	$7.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Nado. 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 NadobpFee GRVTbpOrdersPrice spread, now −0.019%Rate

Funding earned: $0
Price spread: −0.019% → −0.028%: $0.86
Slippage, 4 orders: −$13.5
Fee Nado: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$28.64
Costs to cover: 0.295%
Break-even: 2942868158030719.0 days

Slippage from Nado: live order book, 4 min ago; GRVT: 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 Nado live order book, 4 min ago	0.99 bp	6.5 bp −$6	16.8 bp −$168	doesn't fit	doesn't fit
Sell GRVT live order book, 5 min ago	0.49 bp	5.5 bp −$5	13.7 bp −$137	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 PERP	−0.2398%	1h	1.0035	−0.982%	$84K	$81K	12x	as long as short
Hibachi SUI/USDT-P	−0.0496%	1h	1.0142	+0.077%	$6K	$18K	7x	as long as short
Reya SUIRUSDPERP	−0.0366%	1h	1.0136	+0.011%	$4K	$3K	20x	as long as short
Bluefin SUI-PERP	−0.0137%	1h	1.0131	−0.035%	$580K	$406K	25x	as long as short
Kraken Futures PF_SUIUSD	−0.0022%	1h	1.0152	+0.171%	$6.8M	$23.7M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0133	−0.010%	$92K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0140	+0.059%	$454K	$5.5M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0150	+0.153%	$185K	$546K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0137	+0.024%	$117K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0143	+0.086%	$768K	$5.9M	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	1.0150	+0.149%	$250K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0135	+0.005%	$35K	$503K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0098%	8h	1.0144	+0.094%	$44K	$379K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0137	+0.021%	$27K	$9K	30x	as long as short
Nado SUI-PERPlong	+0.0100%	1h	1.0134	long leg	$590K	$1.3M	10x
Hyperliquid SUI	+0.0100%	1h	1.0155	+0.202%	$72.3M	$81.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0137	+0.026%	$978K	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0139	+0.046%	$219K	$260K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0145	+0.106%	$150.3M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0148	+0.129%	$101.8M	$306.8M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0146	+0.113%	$40.7M	$380.4M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0140	+0.054%	$146K	$297K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0155	+0.207%	$239K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0145	+0.104%	$163.1M	$81.1M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0145	+0.104%	$147.5M	$297.8M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0145	+0.104%	$52.8M	$51.0M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0140	+0.054%	$66.7M	$169.2M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0147	+0.123%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0146	+0.113%	$639K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0147	+0.124%	$2.2M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0148	+0.131%	$163K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perpshort	+0.0100%	8h	1.0133	−0.019%	$445K	$7.1M	10x
ApeX Omni SUIUSDT	+0.0100%	1h	1.0145	+0.104%	$230K	$444K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0142	+0.074%	$105K	$796K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0151	+0.163%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0146	+0.113%	$6K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0133	−0.015%	$623K	$18.8M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0144	+0.094%	$11.3M	$24.4M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0145	+0.102%	$1.4M	$3.7M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0147	+0.124%	$48K	$37K	3x	as long as short
01 Exchange SUIUSD	+0.0112%	1h	1.0139	+0.044%	$9K	$9K	10x	as long as short
Coinbase International SUI-PERP-INTX	+0.0216%	1h	1.0160	+0.252%	$972K	$13.7M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0147	+0.123%	$8.0M	$23.6M	100x	as long as short
Phoenix SUI	+0.0290%	1h	1.0141	+0.062%	$183K	$578K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0629% / S −0.0300%	1h	1.0136	+0.013%	$869K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0716%	1h	1.0145	+0.108%	$92K	$378K	10x	as long as short