Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.074%

Price spread now: Coinbase International against Paradex−0.347%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Funding pays, the price is against you. Coinbase International is 0.347% cheaper against Paradex than usual: you would sell low and buy high (spread −0.347% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$35 on $10k: about 22 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex SUI-USD-PERP	1.0413	0.0100	pay 0.0100% / 8h	6h 22m	$27K	$9K	30x
Short	Coinbase International SUI-PERP-INTX	1.0377	0.0152	get 0.0019% / 1h	22m 59s	$995K	$14.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Paradex. 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 ParadexbpFee Coinbase InternationalbpOrdersPrice spread, now −0.347%Rate

Funding earned: $10.93
Price spread: −0.347% → 0.000%: −$34.74
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$37.82
Costs to cover: 0.140%
Break-even: 31.2 days

Slippage unknown: Paradex: no order-book sample; Coinbase International: live order book, 1 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 Paradex no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 1 min ago	3.37 bp	14.5 bp −$15	20.9 bp −$209	doesn't fit	doesn't fit

Paradex: 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 45 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	−0.4499%	1h	1.0236	−1.701%	$42K	$123K	12x	as long as short
Hibachi SUI/USDT-P	−0.0408%	1h	1.0369	−0.420%	$6K	$19K	7x	as long as short
Reya SUIRUSDPERP	−0.0372%	1h	1.0377	−0.348%	$4K	$3K	20x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0377	−0.346%	$95K	$171K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0390	−0.219%	$508K	$5.1M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0387	−0.251%	$202K	$578K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0379	−0.324%	$113K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0012%	1h	1.0382	−0.300%	$6.8M	$27.0M	50x	as long as short
Bluefin SUI-PERP	+0.0082%	1h	1.0375	−0.367%	$594K	$415K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0382	−0.296%	$821K	$5.7M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SUI	+0.0096%	1h	1.0384	−0.283%	$277K	$2.1M	10x	as long as short
01 Exchange SUIUSD	+0.0096%	1h	1.0381	−0.309%	$9K	$3K	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0376	−0.357%	$31K	$493K	50x	as long as short
Paradex SUI-USD-PERPlong	+0.0100%	8h	1.0413	long leg	$27K	$9K	30x
Nado SUI-PERP	+0.0100%	1h	1.0381	−0.304%	$748K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0386	−0.263%	$913K	$5.0M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0382	−0.302%	$226K	$269K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0393	−0.195%	$152.1M	$1.05B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0398	−0.150%	$103.2M	$312.5M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0399	−0.136%	$40.9M	$392.5M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0380	−0.319%	$44K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0400	−0.126%	$245K	$3K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0380	−0.319%	$164.1M	$84.2M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0398	−0.146%	$149.9M	$299.3M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0398	−0.146%	$51.8M	$53.7M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0395	−0.175%	$67.7M	$171.6M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0378	−0.338%	—	$82.3M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0377	−0.347%	$692K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0418	+0.044%	$2.4M	$3.2M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0400	−0.129%	$170K	$4.7M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0381	−0.309%	$456K	$7.4M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0391	−0.213%	$237K	$501K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0386	−0.261%	$120K	$726K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0384	−0.280%	$47K	$251K	20x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0386	−0.261%	$2K	$1.8M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0383	−0.290%	$6K	$2.2M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0383	−0.290%	$645K	$19.8M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0380	−0.319%	$11.6M	$25.8M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0399	−0.134%	$1.5M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0390	−0.227%	$39K	$16K	3x	as long as short
Hyperliquid SUI	+0.0133%	1h	1.0390	−0.223%	$74.4M	$80.4M	10x	as long as short
Coinbase International SUI-PERP-INTXshort	+0.0152%	1h	1.0377	−0.347%	$995K	$14.6M	50x
Phoenix SUI	+0.0221%	1h	1.0412	−0.016%	$206K	$595K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0614% / S −0.0271%	1h	1.0379	−0.329%	$963K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1025%	1h	1.0391	−0.214%	$78K	$378K	10x	as long as short