Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: HTX against Popdex−0.019%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$360.357% of the position

Long on Popdex Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.004%$0 on $10k

Price spread, last 3 days (all we have)+0.052%+$5 · spread now −0.019%, 7d avg +0.006%

Together, before fees+0.056%+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.026% cheaper against Popdex than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex SUIUSDT	1.0261	0.0096	pay 0.0012% / 1h	16m 03s	$38K	$500K	50x
Short	HTX SUI-USDT	1.0259	0.0100	get 0.0100% / 8h	1h 16m	$627K	$18.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Popdex. 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 PopdexbpFee HTXbpOrdersPrice spread, now −0.019%Rate

Funding earned: $0.84
Price spread: −0.019% → +0.006%: −$2.6
Slippage, 4 orders: −$17.28
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee HTX: 6 bp × 2 orders: −$12
Net: −$37.43
Costs to cover: 0.357%
Break-even: 318.9 days

Slippage from Popdex: live order book, 3 min ago; HTX: live order book, 3 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 Popdex live order book, 3 min ago	2.59 bp	7.6 bp −$8	23.7 bp −$237	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	2.93 bp	10.3 bp −$10	14.6 bp −$146	32.9 bp −$3,289	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	−0.2926%	1h	1.0140	−1.179%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0368%	1h	1.0258	−0.031%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0232%	1h	1.0238	−0.225%	$6K	$19K	7x	as long as short
Bluefin SUI-PERP	−0.0180%	1h	1.0249	−0.117%	$587K	$404K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0255	−0.062%	$93K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0275	+0.139%	$458K	$5.5M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0261	0.000%	$190K	$575K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0260	−0.010%	$119K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0256	−0.051%	$787K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0259	−0.018%	$258K	$2.0M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex SUIUSDTlong	+0.0096%	1h	1.0261	long leg	$38K	$500K	50x
Orderly PERP_SUI_USDC	+0.0098%	8h	1.0259	−0.019%	$45K	$371K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0252	−0.090%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0253	−0.078%	$592K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0255	−0.058%	$1.0M	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0255	−0.056%	$222K	$264K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0254	−0.068%	$150.9M	$1.02B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0257	−0.043%	$102.8M	$307.0M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0255	−0.058%	$41.0M	$383.0M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0260	−0.010%	$45K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0244	−0.164%	$241K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0254	−0.068%	$164.9M	$80.9M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0254	−0.068%	$148.9M	$297.2M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0252	−0.088%	$51.5M	$52.1M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0251	−0.097%	$67.3M	$168.3M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0254	−0.068%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0254	−0.068%	$654K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0246	−0.144%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0252	−0.085%	$165K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0244	−0.167%	$448K	$7.0M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0254	−0.068%	$233K	$441K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0266	+0.049%	$107K	$793K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0268	+0.068%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0254	−0.068%	$6K	$2.4M	10x	as long as short
HTX SUI-USDTshort	+0.0100%	8h	1.0259	−0.019%	$627K	$18.6M	75x
Phemex SUIUSDT	+0.0100%	8h	1.0254	−0.068%	$11.5M	$24.7M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0253	−0.078%	$1.4M	$3.7M	50x	as long as short
01 Exchange SUIUSD	+0.0104%	1h	1.0265	+0.039%	$9K	$9K	10x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0261	−0.003%	$48K	$37K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0243	−0.175%	$7.9M	$23.8M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0237	−0.234%	$970K	$13.8M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0296%	1h	1.0256	−0.050%	$7.1M	$24.2M	50x	as long as short
Phoenix SUI	+0.0346%	1h	1.0251	−0.102%	$203K	$574K	10x	as long as short
Hyperliquid SUI	+0.0530%	1h	1.0268	+0.068%	$73.3M	$80.5M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0636% / S −0.0309%	1h	1.0260	−0.012%	$896K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0746%	1h	1.0259	−0.021%	$94K	$381K	10x	as long as short