Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0468%/8h= +51.2% APRpaid last 24h +0.125%

Price spread now: Bitget against Reya−0.056%49s7-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 Bitget

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. Bitget is 0.056% cheaper against Reya than usual: you would sell low and buy high (spread −0.056% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 10 hours of funding at the current rate (+$14 a day). The two prices were read 49 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	1.0279	−0.0368	get 0.0046% / 1h	36m 38s	$4K	$3K	20x
Short	Bitget SUIUSDT	1.0273	0.0100	get 0.0100% / 8h	1h 36m	$67.7M	$168.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.056%Rate

Funding earned: $98.2
Price spread: −0.056% → 0.000%: −$5.56
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: $74.64
Costs to cover: 0.180%
Break-even: 1.7 days

Slippage unknown: Reya: no order-book sample; Bitget: live order book, 3 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 Bitget live order book, 3 min ago	0.49 bp	9.2 bp −$9	13.1 bp −$131	32.7 bp −$3,272	doesn't fit

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	−0.2926%	1h	1.0133	−1.418%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERPlong	−0.0368%	1h	1.0279	long leg	$4K	$3K	20x
Bluefin SUI-PERP	−0.0156%	1h	1.0269	−0.094%	$588K	$407K	25x	as long as short
Hibachi SUI/USDT-P	−0.0104%	1h	1.0306	+0.267%	$6K	$18K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0277	−0.020%	$94K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0282	+0.035%	$459K	$5.5M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0282	+0.032%	$190K	$562K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0282	+0.035%	$119K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0282	+0.036%	$792K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0287	+0.076%	$255K	$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 SUIUSDT	+0.0096%	1h	1.0276	−0.026%	$37K	$503K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0098%	8h	1.0281	+0.022%	$45K	$375K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0276	−0.024%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0284	+0.051%	$598K	$1.3M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0281	+0.018%	$1.0M	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0280	+0.014%	$224K	$262K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0276	−0.025%	$151.8M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0277	−0.013%	$103.1M	$307.0M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0276	−0.026%	$41.0M	$383.9M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0290	+0.110%	$148K	$284K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0303	+0.234%	$242K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0276	−0.026%	$165.5M	$80.7M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0277	−0.017%	$148.5M	$295.4M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0277	−0.017%	$51.7M	$52.1M	75x	as long as short
Bitget SUIUSDTshort	+0.0100%	8h	1.0273	−0.056%	$67.7M	$168.5M	75x
BingX SUI-USDT	+0.0100%	8h	1.0276	−0.026%	—	$81.8M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0281	+0.022%	$654K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0302	+0.230%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0300	+0.208%	$166K	$4.4M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0303	+0.234%	$446K	$7.0M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0301	+0.217%	$234K	$441K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0288	+0.090%	$106K	$788K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0302	+0.227%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0282	+0.032%	$6K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0282	+0.032%	$633K	$18.6M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0281	+0.022%	$11.5M	$24.6M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0274	−0.048%	$1.4M	$3.8M	50x	as long as short
01 Exchange SUIUSD	+0.0104%	1h	1.0278	−0.007%	$9K	$9K	10x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0282	+0.034%	$49K	$37K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0282	+0.032%	$8.0M	$23.9M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0295	+0.158%	$973K	$13.9M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0295%	1h	1.0287	+0.080%	$7.2M	$24.2M	50x	as long as short
Phoenix SUI	+0.0346%	1h	1.0319	+0.395%	$204K	$574K	10x	as long as short
Hyperliquid SUI	+0.0481%	1h	1.0296	+0.168%	$73.4M	$80.9M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0637% / S −0.0309%	1h	1.0283	+0.046%	$898K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0702%	1h	1.0291	+0.121%	$94K	$382K	10x	as long as short