Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0470%/8h= +51.5% APRpaid last 24h +0.134%

Price spread now: BingX against Reya−0.484%50s7-day average — · you buy dearer than you sell

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

Long on Reya Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. BingX is 0.484% cheaper against Reya than usual: you would sell low and buy high (spread −0.484% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$48 on $10k: about 3.4 days of funding at the current rate (+$14 a day). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya SUIRUSDPERP	1.0461	−0.0370	get 0.0046% / 1h	59m 42s	$4K	$3K	20x
Short	BingX SUI-USDC	1.0410	0.0100	get 0.0100% / 8h	7h 59m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Reya. 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 ReyabpFee BingXbpOrdersPrice spread, now −0.484%Rate

Funding earned: $98.7
Price spread: −0.484% → 0.000%: −$48.4
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: $34.3
Costs to cover: 0.160%
Break-even: 4.6 days

Slippage unknown: Reya: no order-book sample; BingX: live order book, 11 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell BingX live order book, 11 min ago	0.96 bp	11.8 bp −$12	18.4 bp −$184	70.3 bp −$7,029	105.2 bp −$52.6K

Reya: 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	−0.3474%	1h	1.0260	−1.918%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERPlong	−0.0370%	1h	1.0461	long leg	$4K	$3K	20x
Hibachi SUI/USDT-P	−0.0360%	1h	1.0398	−0.595%	$6K	$19K	7x	as long as short
Bluefin SUI-PERP	−0.0082%	1h	1.0380	−0.771%	$595K	$407K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0428	−0.315%	$96K	$175K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0451	−0.091%	$468K	$5.2M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0453	−0.073%	$203K	$587K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0462	+0.014%	$120K	—	150x	as long as short
01 Exchange SUIUSD	+0.0088%	1h	1.0471	+0.099%	$9K	$9K	10x	as long as short
Lighter SUI	+0.0096%	1h	1.0413	−0.455%	$801K	$5.7M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SUI	+0.0096%	1h	1.0416	−0.424%	$262K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0460	−0.006%	$32K	$494K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0448	−0.121%	$47K	$328K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0417	−0.414%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0460	−0.001%	$660K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0433	−0.268%	$1.0M	$4.8M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0418	−0.410%	$227K	$259K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0410	−0.484%	$154.4M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0412	−0.463%	$104.9M	$308.5M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0406	−0.522%	$41.8M	$390.4M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0410	−0.484%	$46K	$387K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0432	−0.274%	$167.7M	$82.1M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0413	−0.455%	$151.6M	$288.5M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0420	−0.388%	$51.1M	$52.9M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0405	−0.532%	$68.5M	$168.2M	75x	as long as short
BingX SUI-USDCshort	+0.0100%	8h	1.0410	−0.484%	—	$6.5M	—
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0441	−0.188%	$674K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0392	−0.655%	$2.3M	$2.9M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0390	−0.672%	$169K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0382	−0.755%	$446K	$7.1M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0393	−0.647%	$236K	$444K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0471	+0.099%	$109K	$772K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0479	+0.176%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0450	−0.102%	$6K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0444	−0.159%	$655K	$18.6M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0441	−0.188%	$11.7M	$25.0M	50x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0379	−0.784%	$244K	$2K	10x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0428	−0.312%	$1.5M	$3.8M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0458	−0.025%	$49K	$37K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0434	−0.255%	$8.0M	$24.4M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0224%	1h	1.0469	+0.080%	$1.0M	$14.2M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0270%	1h	1.0453	−0.068%	$7.3M	$24.4M	50x	as long as short
Phoenix SUI	+0.0327%	1h	1.0412	−0.463%	$207K	$593K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0641% / S −0.0316%	1h	1.0460	−0.006%	$895K	—	100x	as long as short
Hyperliquid SUI	+0.0795%	1h	1.0438	−0.220%	$75.8M	$81.1M	10x	as long as short
Aftermath Perps SUIUSD	+0.0838%	1h	1.0405	−0.530%	$94K	$382K	10x	as long as short