Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%

Price spread now: Phemex against Polymarket Perps−0.029%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$460.458% of the position

Long on Polymarket Perps Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.029%, 7d avg −0.036%

Together, before fees+0.057%+$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SUI-USD	1.0443	0.0100	pay 0.0013% / 1h	34m 07s	$122K	$717K	10x
Short	Phemex SUIUSDT	1.0440	0.0100	get 0.0100% / 8h	5h 34m	$11.7M	$26.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Polymarket Perps. 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 Polymarket PerpsbpFee PhemexbpOrdersPrice spread, now −0.029%Rate

Funding earned: $0
Price spread: −0.029% → −0.036%: $0.69
Slippage, 4 orders: −$25.78
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$45.1
Costs to cover: 0.458%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 29 min ago; Phemex: live order book, 5 min ago.

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 Polymarket Perps live order book, 29 min ago	2.88 bp	6.9 bp −$7	8.4 bp −$84	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	1.92 bp	16.4 bp −$16	28.4 bp −$284	doesn't fit	doesn't fit

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	−0.3542%	1h	1.0276	−1.599%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0374%	1h	1.0430	−0.122%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0216%	1h	1.0429	−0.138%	$6K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0407	−0.346%	$95K	$168K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0430	−0.128%	$515K	$4.7M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0439	−0.038%	$203K	$575K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0434	−0.086%	$114K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0438	−0.046%	$829K	$5.6M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0442	−0.009%	$282K	$2.1M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0427	−0.153%	$33K	$499K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex SUI-USD-PERP	+0.0100%	8h	1.0418	−0.240%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0431	−0.110%	$718K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0439	−0.038%	$917K	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0416	−0.262%	$228K	$262K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0443	+0.004%	$153.2M	$1.02B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0446	+0.029%	$103.6M	$307.4M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0438	−0.048%	$41.3M	$384.8M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0420	−0.220%	$45K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0420	−0.225%	$245K	$4K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0442	−0.010%	$165.7M	$82.8M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0437	−0.057%	$151.5M	$292.1M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0438	−0.048%	$51.2M	$53.5M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0438	−0.048%	$68.2M	$168.1M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0441	−0.019%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0439	−0.038%	$697K	$1.3M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0420	−0.216%	$2.4M	$3.2M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0390	−0.504%	$169K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0397	−0.442%	$455K	$7.5M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0398	−0.431%	$236K	$469K	50x	as long as short
Polymarket Perps SUI-USDlong	+0.0100%	1h	1.0443	long leg	$122K	$717K	10x
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0436	−0.067%	$48K	$236K	20x	as long as short
Bluefin SUI-PERP	+0.0100%	1h	1.0421	−0.211%	$596K	$408K	25x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0434	−0.086%	$2K	$1.8M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0438	−0.048%	$14K	$2.1M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0436	−0.067%	$599K	$19.5M	75x	as long as short
Phemex SUIUSDTshort	+0.0100%	8h	1.0440	−0.029%	$11.7M	$26.1M	50x
Extended SUI-USD	+0.0104%	1h	1.0434	−0.084%	$1.5M	$4.0M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0441	−0.016%	$40K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0144%	1h	1.0429	−0.134%	$9K	$3K	10x	as long as short
Coinbase International SUI-PERP-INTX	+0.0176%	1h	1.0420	−0.220%	$997K	$14.7M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0442	−0.010%	$8.0M	$25.0M	100x	as long as short
Kraken Futures PF_SUIUSD	+0.0288%	1h	1.0442	−0.006%	$6.8M	$26.9M	50x	as long as short
Phoenix SUI	+0.0362%	1h	1.0411	−0.309%	$211K	$561K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0619% / S −0.0272%	1h	1.0434	−0.089%	$971K	—	100x	as long as short
Hyperliquid SUI	+0.0675%	1h	1.0455	+0.115%	$76.2M	$80.2M	10x	as long as short
Aftermath Perps SUIUSD	+0.1289%	1h	1.0423	−0.191%	$83K	$385K	10x	as long as short