Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0420%/8h= −46.0% APRpaid last 24h −0.189%

Price spread now: Hibachi against OKX+0.046%7-day average — · you sell dearer than you buy

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

Long on OKX Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds both histories

The price spread pays, funding is against you. Hibachi is 0.046% dearer against OKX than usual: you sell high and buy low (spread +0.046% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SUI-USDT-SWAP	1.0348	0.0100	pay 0.0100% / 8h	21m 52s	$41.5M	$387.3M	50x
Short	Hibachi SUI/USDT-P	1.0353	−0.0320	pay 0.0040% / 1h	21m 52s	$6K	$19K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against OKX. 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 OKXbpFee HibachibpOrdersPrice spread, now +0.046%Rate

Funding earned: −$88.2
Price spread: +0.046% → 0.000%: $4.64
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$102.56
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 2 min ago; Hibachi: no order-book sample. 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 OKX live order book, 2 min ago	0.49 bp	8.9 bp −$9	13.9 bp −$139	47.4 bp −$4,738	doesn't fit
Sell Hibachi no order-book sample	—	—	—	—	—

Hibachi: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1.0240	−1.044%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0369%	1h	1.0344	−0.041%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-Pshort	−0.0320%	1h	1.0353	+0.046%	$6K	$19K	7x
Bluefin SUI-PERP	−0.0055%	1h	1.0344	−0.039%	$593K	$406K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0331	−0.164%	$97K	$173K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0350	+0.023%	$462K	$5.3M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0356	+0.077%	$201K	$581K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0356	+0.077%	$119K	—	150x	as long as short
01 Exchange SUIUSD	+0.0088%	1h	1.0353	+0.048%	$9K	$9K	10x	as long as short
Lighter SUI	+0.0096%	1h	1.0353	+0.050%	$796K	$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	1.0357	+0.086%	$261K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0349	+0.010%	$40K	$496K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0356	+0.077%	$46K	$328K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0341	−0.068%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0342	−0.058%	$599K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0350	+0.020%	$1.0M	$4.7M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0336	−0.116%	$224K	$260K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0350	+0.024%	$152.4M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0353	+0.047%	$103.9M	$307.4M	50x	as long as short
OKX SUI-USDT-SWAPlong	+0.0100%	8h	1.0348	long leg	$41.5M	$387.3M	50x
Arcus SUI-USD	+0.0100%	1h	1.0350	+0.019%	$46K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0338	−0.100%	$243K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0351	+0.029%	$165.9M	$81.3M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0353	+0.048%	$150.2M	$291.3M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0349	+0.010%	$51.8M	$52.5M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0347	−0.010%	$68.0M	$168.0M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0352	+0.039%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0350	+0.019%	$665K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0350	+0.022%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0337	−0.103%	$168K	$4.4M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0367	+0.181%	$455K	$7.0M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0336	−0.116%	$234K	$442K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0359	+0.106%	$108K	$775K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0361	+0.126%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0351	+0.029%	$6K	$2.3M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0353	+0.048%	$645K	$18.5M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0351	+0.029%	$11.6M	$24.9M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0349	+0.006%	$1.4M	$3.8M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0362	+0.136%	$49K	$37K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0354	+0.058%	$8.0M	$24.2M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0224%	1h	1.0350	+0.019%	$980K	$14.0M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0273%	1h	1.0356	+0.080%	$7.2M	$24.1M	50x	as long as short
Phoenix SUI	+0.0327%	1h	1.0352	+0.034%	$205K	$593K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0635% / S −0.0304%	1h	1.0354	+0.058%	$895K	—	100x	as long as short
Hyperliquid SUI	+0.0662%	1h	1.0366	+0.174%	$75.0M	$80.9M	10x	as long as short
Aftermath Perps SUIUSD	+0.0820%	1h	1.0353	+0.046%	$93K	$382K	10x	as long as short