Settings8H · net · $10k
Funding arb · Price arb /

SUI

all SUI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0258%/8h= +28.3% APRpaid last 24h +0.106%
Price spread now: Hyperliquid against OKX+0.010%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$270.274% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.198%+$20 on $10k
Price spread, last 7 days−0.001%$0 · spread now +0.010%, 7d avg +0.080%
Together, before fees+0.197%+ Points / potential airdropHyperliquid: Season 2 · farm board+$20 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.070% cheaper against OKX than usual: you would sell low and buy high (spread +0.010% now, against its 7-day average of +0.080%). If the spread goes back, that is −$7 on $10k: about 22 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.198% in total) that is about 2.5 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX SUI-USDT-SWAP1.02460.0100pay 0.0100% / 8h1h 50m$40.8M$383.5M50x
ShortHyperliquid SUI1.02470.0358get 0.0045% / 1h50m 53s$72.9M$81.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$54.28
Price spread: +0.010% → +0.080%
−$6.99
Slippage, 4 orders
−$8.39
Fee OKX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$19.9
Costs to cover
0.274%
Break-even
4.4 days
Slippage from OKX: live order book, 3 min ago; Hyperliquid: live order book, 13 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 3 min ago0.49 bp7.6 bp −$813.8 bp −$13846.3 bp −$4,630doesn't fit
Sell Hyperliquid live order book, 13 min ago0.49 bp6.6 bp −$712.1 bp −$121doesn't fitdoesn't fit

SUI on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SUI/USDC PERP−0.2926%1h1.0068−1.737%$41K$123K12xas long as short
Reya SUIRUSDPERP−0.0367%1h1.0231−0.142%$4K$3K20xas long as short
Bluefin SUI-PERP−0.0087%1h1.0220−0.254%$585K$404K25xas long as short
Hibachi SUI/USDT-P−0.0048%1h1.0243−0.028%$6K$18K7xas long as short
dYdX SUI-USD0.0000%1h1.0233−0.126%$93K$66K10xas long as short
Kalshi KXSUIPERP0.0000%8h1.0239−0.067%$458K$5.5M2.5xas long as short
Deribit SUI_USDC-PERPETUAL0.0000%1h1.0237−0.088%$187K$547K25xas long as short
gTrade (Gains Network) SUI/USDL +0.0003% / S −0.0002%1h1.0236−0.093%$118K150xas long as short
Lighter SUI+0.0096%1h1.0236−0.096%$789K$5.9M10xas long as short
Lighter RH SUI+0.0096%1h1.0239−0.064%$253K$2.0M10xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex SUIUSDT+0.0096%1h1.0235−0.107%$37K$504K50xas long as short
Orderly PERP_SUI_USDC+0.0098%8h1.0234−0.117%$45K$375K20xas long as short
Paradex SUI-USD-PERP+0.0100%8h1.0236−0.098%$27K$9K30xas long as short
Nado SUI-PERP+0.0100%1h1.0231−0.151%$595K$1.3M10xas long as short
Aster SUIUSDT+0.0100%8h1.0237−0.083%$1.0M$4.5M75xas long as short
Pacifica SUI+0.0100%1h1.0234−0.118%$221K$261K10xas long as short
Binance SUIUSDT+0.0100%8h1.0245−0.010%$151.4M$1.03B75xas long as short
Bybit SUIUSDT+0.0100%8h1.0247+0.005%$102.5M$307.1M50xas long as short
OKX SUI-USDT-SWAPlong+0.0100%8h1.0246long leg$40.8M$383.5M50x
Arcus SUI-USD+0.0100%1h1.0240−0.059%$148K$287K10xas long as short
Bulk SUI-USD+0.0100%1h1.0236−0.101%$241K$2K10xas long as short
Gate SUI_USDT+0.0100%8h1.0244−0.020%$165.2M$80.5M50xas long as short
MEXC SUI_USDT+0.0100%8h1.0234−0.117%$148.6M$293.4M300xas long as short
KuCoin SUIUSDTM+0.0100%8h1.0233−0.127%$51.4M$52.1M75xas long as short
Bitget SUIUSDT+0.0100%8h1.0241−0.049%$67.4M$168.8M75xas long as short
BingX SUI-USDT+0.0100%8h1.0244−0.020%$81.9Mas long as short
Backpack SUI_USDC_PERP+0.0100%1h1.0233−0.127%$651K$1.2M20xas long as short
Variational Omni SUI+0.0100%8h1.0245−0.013%$2.3M$2.8Mas long as short
edgeX SUIUSDC+0.0100%4h1.0251+0.045%$165K$4.4M20xas long as short
GRVT SUI_USDT_Perp+0.0100%8h1.0259+0.130%$441K$7.0M10xas long as short
ApeX Omni SUIUSDT+0.0100%1h1.0255+0.088%$232K$445K50xas long as short
Polymarket Perps SUI-USD+0.0100%1h1.0240−0.059%$106K$786K10xas long as short
SunX SUI-USDT+0.0100%8h1.0253+0.068%$2K$1.9M30xas long as short
SoDEX SUI-USD+0.0100%1h1.0234−0.117%$6K$2.4M10xas long as short
HTX SUI-USDT+0.0100%8h1.0232−0.137%$621K$18.7M75xas long as short
Phemex SUIUSDT+0.0100%8h1.0233−0.127%$11.5M$24.6M50xas long as short
Extended SUI-USD+0.0104%1h1.0232−0.132%$1.4M$3.8M50xas long as short
Aevo SUI-PERP+0.0104%1h1.0238−0.081%$48K$37K3xas long as short
01 Exchange SUIUSD+0.0120%1h1.0239−0.068%$9K$9K10xas long as short
BloFin SUI-USDT+0.0220%8h1.0234−0.117%$8.0M$23.8M100xas long as short
Coinbase International SUI-PERP-INTX+0.0248%1h1.0239−0.068%$979K$13.8M50xas long as short
Kraken Futures PF_SUIUSD+0.0297%1h1.0238−0.079%$7.2M$24.1M50xas long as short
Phoenix SUI+0.0346%1h1.0261+0.146%$185K$574K10xas long as short
Hyperliquid SUIshort+0.0358%1h1.0247+0.010%$72.9M$81.3M10x
GMX SUI/USD [ETH-USDC]L +0.0636% / S −0.0309%1h1.0236−0.100%$893K100xas long as short
Aftermath Perps SUIUSD+0.0672%1h1.0235−0.103%$91K$382K10xas long as short