Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: SunX against Popdex+0.105%7-day average +0.110% · 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−$131as in the Price arb table

costs, in and out, $10k−$1311.305% of the position

Long on Popdex Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.009%+$1 on $10k

Price spread, last 4 days (all we have)+0.117%+$12 · spread now +0.105%, 7d avg +0.110%

Together, before fees+0.126%+$13 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex SUIUSDT	1.0480	0.0096	pay 0.0012% / 1h	33m 12s	$33K	$499K	50x
Short	SunX SUI-USDT	1.0491	0.0100	get 0.0100% / 8h	5h 33m	$2K	$1.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.105%Rate

Funding earned: $0.84
Price spread: +0.105% → +0.110%: −$0.51
Slippage, 4 orders: −$116.14
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$130.21
Costs to cover: 1.305%
Break-even: 1092.0 days

Slippage from Popdex: live order book, 31 min ago; SunX: live order book, 12 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, 31 min ago	2.40 bp	8.8 bp −$9	26.8 bp −$268	doesn't fit	doesn't fit
Sell SunX live order book, 12 min ago	29.73 bp	68.3 bp −$68	doesn't fit	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	−1.947%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0374%	1h	1.0486	+0.060%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0216%	1h	1.0429	−0.490%	$6K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0477	−0.030%	$95K	$168K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0454	−0.253%	$515K	$4.7M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0472	−0.076%	$203K	$575K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0472	−0.075%	$114K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0477	−0.028%	$832K	$5.6M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0478	−0.020%	$283K	$2.1M	10x	as long as short
Popdex SUIUSDTlong	+0.0096%	1h	1.0480	long leg	$33K	$499K	50x

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	1.0479	−0.010%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0483	+0.033%	$725K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0486	+0.057%	$921K	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0474	−0.057%	$229K	$262K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0474	−0.058%	$153.6M	$1.02B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0474	−0.060%	$103.8M	$307.5M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0471	−0.086%	$41.5M	$386.1M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0480	0.000%	$45K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0420	−0.577%	$245K	$4K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0479	−0.010%	$166.2M	$82.8M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0472	−0.076%	$152.0M	$292.2M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0474	−0.057%	$51.4M	$53.5M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0470	−0.095%	$68.4M	$168.1M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0473	−0.067%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0475	−0.048%	$699K	$1.3M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0420	−0.568%	$2.4M	$3.2M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0417	−0.600%	$170K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0431	−0.466%	$448K	$7.5M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0425	−0.525%	$236K	$469K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0496	+0.153%	$123K	$718K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0469	−0.105%	$48K	$236K	20x	as long as short
Bluefin SUI-PERP	+0.0100%	1h	1.0461	−0.181%	$599K	$407K	25x	as long as short
SunX SUI-USDTshort	+0.0100%	8h	1.0491	+0.105%	$2K	$1.8M	30x
SoDEX SUI-USD	+0.0100%	1h	1.0473	−0.067%	$14K	$2.1M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0481	+0.010%	$601K	$19.5M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0478	−0.019%	$11.7M	$26.1M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0467	−0.123%	$1.5M	$4.0M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0475	−0.043%	$40K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0144%	1h	1.0483	+0.029%	$9K	$3K	10x	as long as short
Coinbase International SUI-PERP-INTX	+0.0176%	1h	1.0489	+0.086%	$1.0M	$14.8M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0468	−0.115%	$8.0M	$25.0M	100x	as long as short
Kraken Futures PF_SUIUSD	+0.0287%	1h	1.0476	−0.039%	$6.8M	$26.9M	50x	as long as short
Phoenix SUI	+0.0362%	1h	1.0411	−0.661%	$211K	$561K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0621% / S −0.0272%	1h	1.0472	−0.072%	$975K	—	100x	as long as short
Hyperliquid SUI	+0.0679%	1h	1.0502	+0.210%	$76.5M	$80.3M	10x	as long as short
Aftermath Perps SUIUSD	+0.1296%	1h	1.0431	−0.467%	$83K	$385K	10x	as long as short