Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: Orderly against Phemex−0.029%7-day average −0.019% · you buy dearer than you sell

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

Long on Phemex Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.101%+$10 on $10k

Price spread, last 3 days (all we have)+0.020%+$2 · spread now −0.029%, 7d avg −0.019%

Together, before fees+0.121%+$12 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SUIUSDT	1.0420	0.0100	pay 0.0100% / 8h	7h 58m	$11.7M	$25.0M	50x
Short	Orderly PERP_SUI_USDC	1.0417	0.0100	get 0.0100% / 8h	7h 58m	$47K	$328K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Phemex. 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 PhemexbpFee OrderlybpOrdersPrice spread, now −0.029%Rate

Funding earned: −$0.03
Price spread: −0.029% → −0.019%: −$0.96
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$18.99
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 6 min ago; Orderly: 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 Phemex live order book, 6 min ago	2.41 bp	10.0 bp −$10	22.3 bp −$223	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	1.0260	−1.536%	$42K	$123K	12x	as long as short
Bluefin SUI-PERP	−0.0433%	1h	1.0406	−0.134%	$597K	$408K	25x	as long as short
Reya SUIRUSDPERP	−0.0370%	1h	1.0400	−0.195%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0368%	1h	1.0459	+0.372%	$6K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0401	−0.182%	$95K	$176K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0390	−0.288%	$462K	$5.2M	2.5x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0419	−0.010%	$120K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0038%	1h	1.0421	+0.013%	$7.2M	$24.4M	50x	as long as short
Backpack SUI_USDC_PERP	+0.0084%	1h	1.0413	−0.067%	$670K	$1.1M	20x	as long as short
01 Exchange SUIUSD	+0.0088%	1h	1.0410	−0.096%	$9K	$9K	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SUI	+0.0096%	1h	1.0415	−0.044%	$801K	$5.7M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0419	−0.010%	$265K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0405	−0.144%	$32K	$504K	50x	as long as short
Orderly PERP_SUI_USDCshort	+0.0100%	8h	1.0417	−0.029%	$47K	$328K	20x
Paradex SUI-USD-PERP	+0.0100%	8h	1.0387	−0.313%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0405	−0.139%	$657K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0414	−0.058%	$1.0M	$4.8M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0399	−0.200%	$226K	$259K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0406	−0.133%	$154.9M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0403	−0.163%	$104.6M	$308.7M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0398	−0.211%	$41.8M	$390.4M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0410	−0.096%	$46K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0387	−0.318%	$244K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0410	−0.096%	$168.2M	$79.6M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0411	−0.086%	$151.8M	$288.6M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0411	−0.086%	$51.1M	$53.0M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0407	−0.125%	$68.5M	$168.3M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0410	−0.096%	—	$6.5M	—	as long as short
Variational Omni SUI	+0.0100%	8h	1.0392	−0.268%	$2.3M	$2.9M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0394	−0.253%	$169K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0450	+0.292%	$457K	$7.2M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0397	−0.221%	$237K	$444K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0408	−0.115%	$119K	$759K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0433	+0.125%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0417	−0.029%	$6K	$2.3M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0416	−0.038%	$642K	$18.6M	75x	as long as short
Phemex SUIUSDTlong	+0.0100%	8h	1.0420	long leg	$11.7M	$25.0M	50x
Extended SUI-USD	+0.0104%	1h	1.0412	−0.081%	$1.5M	$3.8M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0384	−0.342%	$39K	$29K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0200%	1h	1.0412	−0.077%	$1.0M	$14.1M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0412	−0.077%	$8.0M	$24.4M	100x	as long as short
Phoenix SUI	+0.0327%	1h	1.0412	−0.075%	$207K	$587K	10x	as long as short
Hyperliquid SUI	+0.0524%	1h	1.0424	+0.038%	$75.8M	$81.2M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0639% / S −0.0316%	1h	1.0417	−0.025%	$890K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0847%	1h	1.0409	−0.107%	$94K	$382K	10x	as long as short
Deribit SUI_USDC-PERPETUAL	+0.1574%	1h	1.0435	+0.144%	$203K	$587K	25x	as long as short