Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: MEXC against Popdex+0.020%7-day average −0.010% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$190.186% of the position

Long on Popdex Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.005%−$1 on $10k

Price spread, last 4 days (all we have)−0.032%−$3 · spread now +0.020%, 7d avg −0.010%

Together, before fees−0.037%−$4 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: MEXC is 0.029% dearer against Popdex than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex SUIUSDT	1.0205	0.0096	pay 0.0012% / 1h	9m 33s	$57K	$497K	50x
Short	MEXC SUI_USDT	1.0207	0.0100	get 0.0100% / 8h	4h 09m	$95.5M	$244.2M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.020%Rate

Funding earned: $0.84
Price spread: +0.020% → −0.010%: $2.92
Slippage, 4 orders: −$12.16
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee MEXC: 0 bp × 2 orders: $0
Net: −$14.8
Costs to cover: 0.186%
Break-even: 130.3 days

Slippage from Popdex: live order book, 32 min ago; MEXC: 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, 32 min ago	2.07 bp	7.6 bp −$8	24.9 bp −$249	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.49 bp	0.8 bp −$1	3.5 bp −$35	12.9 bp −$1,288	77.8 bp −$38.9K

SUI on 46 exchanges

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	−0.3437%	1h	0.9780	−4.165%	$40K	$113K	12x	as long as short
Reya SUIRUSDPERP	−0.0387%	1h	1.0202	−0.031%	$4K	$591	20x	as long as short
Hibachi SUI/USDT-P	−0.0232%	1h	1.0175	−0.294%	$5K	$12K	7x	as long as short
Bluefin SUI-PERP	−0.0100%	1h	1.0172	−0.323%	$585K	$394K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0207	+0.022%	$92K	$357K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0189	−0.156%	$365K	$3.5M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0187	−0.176%	$194K	$485K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0186	−0.191%	$116K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0037%	1h	1.0196	−0.087%	$8.5M	$20.5M	50x	as long as short
01 Exchange SUIUSD	+0.0072%	1h	1.0206	+0.010%	$8K	$3K	10x	as long as short

Show all 46 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SUI	+0.0096%	1h	1.0210	+0.049%	$759K	$4.2M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0211	+0.062%	$332K	$2.0M	10x	as long as short
Popdex SUIUSDTlong	+0.0096%	1h	1.0205	long leg	$57K	$497K	50x
Orderly PERP_SUI_USDC	+0.0099%	8h	1.0185	−0.196%	$55K	$699K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0205	−0.003%	$27K	$2K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0208	+0.034%	$656K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0208	+0.026%	$917K	$3.2M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0210	+0.047%	$216K	$196K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0206	+0.012%	$144.1M	$820.5M	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0205	0.000%	$98.1M	$250.7M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0207	+0.020%	$41.9M	$296.3M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0210	+0.049%	$45K	$312K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0186	−0.191%	$221K	$28K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0207	+0.020%	$169.2M	$62.4M	50x	as long as short
MEXC SUI_USDTshort	+0.0100%	8h	1.0207	+0.020%	$95.5M	$244.2M	300x
KuCoin SUIUSDTM	+0.0100%	8h	1.0210	+0.049%	$50.4M	$43.8M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0201	−0.039%	$67.1M	$130.7M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0207	+0.020%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0186	−0.186%	$646K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0170	−0.346%	$2.4M	$2.4M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0186	−0.184%	$164K	$3.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0177	−0.274%	$442K	$6.7M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0173	−0.314%	$202K	$381K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0205	0.000%	$71K	$544K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0201	−0.039%	$2K	$1.2M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0187	−0.176%	$6K	$1.3M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0196	−0.088%	$754K	$14.9M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0188	−0.167%	$11.8M	$27.6M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0202	−0.025%	$1.5M	$3.3M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0188	−0.167%	$39K	$11K	3x	as long as short
Hyperliquid SUI	+0.0110%	1h	1.0214	+0.088%	$73.1M	$56.9M	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0180	−0.245%	$7.5M	$21.3M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0328%	1h	1.0196	−0.088%	$997K	$9.4M	50x	as long as short
Phoenix SUI	+0.0332%	1h	1.0194	−0.109%	$202K	$309K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0609% / S −0.0268%	1h	1.0185	−0.192%	$950K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0915%	1h	1.0190	−0.142%	$93K	$326K	10x	as long as short