Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0232%/8h= +25.5% APRpaid last 24h +0.040%

Price spread now: GMX against Paradex−0.392%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 GMX

What this pair did over the last

the charts below follow

Funding, last 3 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. GMX is 0.392% cheaper against Paradex than usual: you would sell low and buy high (spread −0.392% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$39 on $10k: about 5.6 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex SUI-USD-PERP	1.0809	0.0100	pay 0.0100% / 8h	7h 07m	$28K	$9K	30x
Short	GMX SUI/USD [ETH-USDC]	1.0766	L +0.0643% / S −0.0332%	get 0.0042% / 1h	7m 45s	$953K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.392%Rate

Funding earned: $48.81
Price spread: −0.392% → 0.000%: −$39.24
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee GMX: 6 bp × 2 orders: −$12
Net: −$6.43
Costs to cover: 0.160%
Break-even: 7.9 days

Slippage unknown: Paradex: no order-book sample; GMX: 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 Paradex no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Paradex and GMX: 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	−0.3416%	1h	1.0537	−2.513%	$43K	$123K	12x	as long as short
Hibachi SUI/USDT-P	−0.0512%	1h	1.0792	−0.153%	$6K	$18K	7x	as long as short
Bluefin SUI-PERP	−0.0461%	1h	1.0748	−0.561%	$616K	$414K	25x	as long as short
Reya SUIRUSDPERP	−0.0371%	1h	1.0766	−0.395%	$4K	$3K	20x	as long as short
Phemex SUIUSDT	−0.0237%	8h	1.0762	−0.431%	$12.0M	$25.2M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0775	−0.312%	$98K	$171K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0781	−0.252%	$592K	$4.9M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0762	−0.431%	$209K	$581K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0767	−0.388%	$115K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0037%	1h	1.0767	−0.386%	$7.5M	$24.1M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SUIUSD	+0.0048%	1h	1.0768	−0.376%	$9K	$9K	10x	as long as short
Lighter SUI	+0.0096%	1h	1.0762	−0.430%	$839K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0765	−0.406%	$290K	$2.1M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0766	−0.394%	$34K	$477K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0761	−0.441%	$50K	$309K	20x	as long as short
Paradex SUI-USD-PERPlong	+0.0100%	8h	1.0809	long leg	$28K	$9K	30x
Nado SUI-PERP	+0.0100%	1h	1.0768	−0.381%	$705K	$1.5M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0757	−0.474%	$1.1M	$4.8M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0777	−0.294%	$235K	$259K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0752	−0.524%	$158.7M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0752	−0.524%	$107.1M	$307.3M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0749	−0.552%	$42.8M	$400.3M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0770	−0.357%	$48K	$380K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0632	−1.634%	$250K	$3K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0755	−0.496%	$175.7M	$83.8M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0753	−0.515%	$156.9M	$302.8M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0749	−0.552%	$52.1M	$53.2M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0748	−0.561%	$70.1M	$169.2M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0752	−0.524%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0747	−0.570%	$678K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0714	−0.878%	$2.4M	$3.0M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0706	−0.950%	$175K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0713	−0.887%	$461K	$7.3M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0710	−0.912%	$238K	$490K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0780	−0.265%	$124K	$749K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0772	−0.339%	$3K	$1.8M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0760	−0.450%	$6K	$2.3M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0767	−0.385%	$679K	$19.2M	75x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0749	−0.556%	$1.5M	$4.0M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0772	−0.339%	$41K	$16K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0200%	1h	1.0775	−0.311%	$1.0M	$15.0M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0794	−0.135%	$8.2M	$26.1M	100x	as long as short
Phoenix SUI	+0.0299%	1h	1.0718	−0.837%	$212K	$590K	10x	as long as short
Hyperliquid SUI	+0.0440%	1h	1.0768	−0.377%	$77.8M	$79.4M	10x	as long as short
GMX SUI/USD [ETH-USDC]short	L +0.0643% / S −0.0332%	1h	1.0766	−0.392%	$953K	—	100x
Aftermath Perps SUIUSD	+0.0847%	1h	1.0744	−0.600%	$79K	$379K	10x	as long as short