Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against Paradex+0.014%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Phemex

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex SUI-USD-PERP	1.0149	0.0100	pay 0.0100% / 8h	7h 48m	$27K	$8K	30x
Short	Phemex SUIUSDT	1.0150	0.0100	get 0.0100% / 8h	7h 48m	$11.7M	$28.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.014%Rate

Funding earned: $0
Price spread: +0.014% → 0.000%: $1.41
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$14.59
Costs to cover: 0.160%
Break-even: 147422995.3 days

Slippage unknown: Paradex: no order-book sample; Phemex: live order book, 6 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 Phemex live order book, 6 min ago	0.49 bp	8.6 bp −$9	19.2 bp −$192	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 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	−0.3240%	1h	0.9994	−1.523%	$41K	$113K	12x	as long as short
Reya SUIRUSDPERP	−0.0382%	1h	1.0151	+0.024%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0208%	1h	1.0143	−0.052%	$5K	$17K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0143	−0.051%	$95K	$257K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0155	+0.064%	$376K	$4.2M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0162	+0.132%	$195K	$536K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0160	+0.110%	$115K	—	150x	as long as short
Bluefin SUI-PERP	+0.0087%	1h	1.0149	+0.004%	$582K	$452K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0164	+0.149%	$750K	$4.8M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0164	+0.152%	$302K	$2.1M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex SUIUSDT	+0.0096%	1h	1.0156	+0.073%	$43K	$529K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0159	+0.103%	$47K	$427K	20x	as long as short
Paradex SUI-USD-PERPlong	+0.0100%	8h	1.0149	long leg	$27K	$8K	30x
Nado SUI-PERP	+0.0100%	1h	1.0157	+0.088%	$674K	$2.2M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0161	+0.121%	$907K	$4.3M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0148	−0.001%	$216K	$251K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0161	+0.122%	$145.5M	$982.9M	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0158	+0.094%	$97.8M	$306.3M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0161	+0.122%	$41.0M	$364.8M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0150	+0.014%	$43K	$321K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0149	+0.002%	$232K	$7K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0160	+0.113%	$167.9M	$79.1M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0161	+0.122%	$100.8M	$287.1M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0162	+0.132%	$51.0M	$51.4M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0157	+0.083%	$67.1M	$166.9M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0161	+0.122%	—	$88.0M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0161	+0.122%	$666K	$1.3M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0141	−0.076%	$2.4M	$3.3M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0121	−0.267%	$163K	$4.2M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0125	−0.232%	$434K	$7.0M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0128	−0.203%	$205K	$371K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0157	+0.083%	$122K	$520K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0174	+0.251%	$2K	$1.6M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0159	+0.103%	$6K	$1.6M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0159	+0.103%	$635K	$18.2M	75x	as long as short
Phemex SUIUSDTshort	+0.0100%	8h	1.0150	+0.014%	$11.7M	$28.2M	50x
Extended SUI-USD	+0.0104%	1h	1.0157	+0.083%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0159	+0.105%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0112%	1h	1.0158	+0.093%	$8K	$3K	10x	as long as short
Hyperliquid SUI	+0.0138%	1h	1.0169	+0.201%	$73.4M	$77.5M	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0143	−0.055%	$7.6M	$24.4M	100x	as long as short
Kraken Futures PF_SUIUSD	+0.0283%	1h	1.0162	+0.128%	$6.8M	$21.5M	50x	as long as short
Coinbase International SUI-PERP-INTX	+0.0360%	1h	1.0169	+0.201%	$1.0M	$14.3M	50x	as long as short
Phoenix SUI	+0.0426%	1h	1.0158	+0.093%	$202K	$395K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0600% / S −0.0263%	1h	1.0157	+0.080%	$934K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1224%	1h	1.0145	−0.033%	$82K	$409K	10x	as long as short