Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0466%/8h= +51.1% APRpaid last 24h +0.117%

Price spread now: Gate against Reya−0.061%7-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 Gate

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. Gate is 0.061% cheaper against Reya than usual: you would sell low and buy high (spread −0.061% 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).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya SUIRUSDPERP	1.0146	−0.0366	get 0.0046% / 1h	31m 08s	$4K	$3K	20x
Short	Gate SUI_USDT	1.0140	0.0100	get 0.0100% / 8h	2h 31m	$163.1M	$81.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.061%Rate

Funding earned: $97.92
Price spread: −0.061% → 0.000%: −$6.11
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $70.81
Costs to cover: 0.210%
Break-even: 1.9 days

Slippage unknown: Reya: no order-book sample; Gate: 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 Gate live order book, 3 min ago	0.49 bp	13.8 bp −$14	21.7 bp −$217	58.7 bp −$5,874	106.4 bp −$53.2K

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	−0.2398%	1h	1.0035	−1.096%	$41K	$81K	12x	as long as short
Hibachi SUI/USDT-P	−0.0488%	1h	1.0146	−0.003%	$6K	$18K	7x	as long as short
Reya SUIRUSDPERPlong	−0.0366%	1h	1.0146	long leg	$4K	$3K	20x
Bluefin SUI-PERP	−0.0127%	1h	1.0126	−0.199%	$580K	$406K	25x	as long as short
Kraken Futures PF_SUIUSD	−0.0022%	1h	1.0145	−0.008%	$6.8M	$23.7M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0158	+0.116%	$93K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0153	+0.070%	$454K	$5.5M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0144	−0.022%	$185K	$546K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0141	−0.053%	$117K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0141	−0.051%	$766K	$5.9M	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	1.0146	−0.006%	$250K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0147	+0.008%	$35K	$504K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0098%	8h	1.0140	−0.061%	$44K	$379K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0157	+0.111%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0147	+0.003%	$591K	$1.4M	10x	as long as short
Hyperliquid SUI	+0.0100%	1h	1.0149	+0.028%	$72.2M	$81.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0148	+0.019%	$981K	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0159	+0.126%	$219K	$262K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0143	−0.034%	$150.2M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0143	−0.034%	$101.9M	$307.0M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0142	−0.041%	$40.7M	$380.3M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0140	−0.061%	$146K	$297K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0155	+0.092%	$239K	$2K	10x	as long as short
Gate SUI_USDTshort	+0.0100%	8h	1.0140	−0.061%	$163.1M	$81.1M	50x
MEXC SUI_USDT	+0.0100%	8h	1.0141	−0.051%	$147.5M	$297.7M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0141	−0.051%	$53.1M	$51.3M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0135	−0.110%	$66.7M	$169.2M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0139	−0.071%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0140	−0.061%	$639K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0161	+0.147%	$2.2M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0149	+0.032%	$163K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0166	+0.195%	$446K	$7.1M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0143	−0.032%	$230K	$444K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0152	+0.057%	$106K	$796K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0170	+0.235%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0142	−0.041%	$6K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0151	+0.047%	$623K	$18.8M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0144	−0.022%	$11.3M	$24.4M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0140	−0.063%	$1.4M	$3.7M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0143	−0.031%	$48K	$37K	3x	as long as short
01 Exchange SUIUSD	+0.0112%	1h	1.0144	−0.022%	$9K	$9K	10x	as long as short
Coinbase International SUI-PERP-INTX	+0.0216%	1h	1.0156	+0.097%	$973K	$13.7M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0143	−0.032%	$7.9M	$23.6M	100x	as long as short
Phoenix SUI	+0.0290%	1h	1.0173	+0.268%	$184K	$578K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0629% / S −0.0300%	1h	1.0140	−0.059%	$869K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0719%	1h	1.0152	+0.052%	$92K	$378K	10x	as long as short