Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bulk against SunX−0.187%7-day average −0.052% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1231.230% of the position

Long on SunX Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.165%−$17 · spread now −0.187%, 7d avg −0.052%

Together, before fees−0.164%−$16 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: Bulk is 0.135% cheaper against SunX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SUI-USDT	1.0357	0.0100	pay 0.0100% / 8h	29m 23s	$2K	$1.9M	30x
Short	Bulk SUI-USD	1.0338	0.0100	get 0.0013% / 1h	29m 23s	$243K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against SunX. 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 SunXbpFee BulkbpOrdersPrice spread, now −0.187%Rate

Funding earned: $0
Price spread: −0.187% → −0.052%: −$13.46
Slippage, 4 orders: −$108.01
Fee SunX: 4 bp × 2 orders: −$8
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$136.47
Costs to cover: 1.230%
Break-even: never at this rate

Slippage from SunX: live order book, 6 min ago; Bulk: live order book, 50 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 SunX live order book, 6 min ago	29.49 bp	45.1 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell Bulk live order book, 50 min ago	0.49 bp	4.0 bp −$4	5.5 bp −$55	17.4 bp −$1,742	33.4 bp −$16.7K

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	1.0261	−0.927%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0369%	1h	1.0339	−0.170%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0336%	1h	1.0344	−0.124%	$6K	$19K	7x	as long as short
Bluefin SUI-PERP	−0.0033%	1h	1.0333	−0.232%	$592K	$407K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0349	−0.075%	$102K	$129K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0348	−0.088%	$463K	$5.3M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0347	−0.097%	$201K	$581K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0340	−0.162%	$119K	—	150x	as long as short
01 Exchange SUIUSD	+0.0088%	1h	1.0346	−0.106%	$9K	$9K	10x	as long as short
Lighter SUI	+0.0096%	1h	1.0349	−0.076%	$792K	$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	1.0353	−0.041%	$262K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0342	−0.145%	$40K	$496K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0345	−0.116%	$46K	$329K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0349	−0.082%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0339	−0.169%	$598K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0346	−0.109%	$1.0M	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0350	−0.071%	$224K	$260K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0341	−0.154%	$152.1M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0346	−0.107%	$103.5M	$306.7M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0343	−0.135%	$41.4M	$386.7M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0350	−0.068%	$46K	$387K	10x	as long as short
Bulk SUI-USDshort	+0.0100%	1h	1.0338	−0.187%	$243K	$2K	10x
Gate SUI_USDT	+0.0100%	8h	1.0342	−0.145%	$165.5M	$81.2M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0343	−0.135%	$149.6M	$290.7M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0341	−0.154%	$51.8M	$52.3M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0341	−0.154%	$67.9M	$167.8M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0339	−0.174%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0341	−0.154%	$654K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0350	−0.065%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0346	−0.106%	$168K	$4.4M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0342	−0.145%	$454K	$7.0M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0359	+0.019%	$235K	$442K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0348	−0.087%	$108K	$775K	10x	as long as short
SunX SUI-USDTlong	+0.0100%	8h	1.0357	long leg	$2K	$1.9M	30x
SoDEX SUI-USD	+0.0100%	1h	1.0346	−0.106%	$6K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0347	−0.097%	$643K	$18.5M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0342	−0.145%	$11.6M	$24.9M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0342	−0.149%	$1.4M	$3.8M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0345	−0.114%	$49K	$37K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0339	−0.174%	$8.0M	$24.2M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0224%	1h	1.0350	−0.068%	$983K	$14.0M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0273%	1h	1.0350	−0.067%	$7.2M	$24.1M	50x	as long as short
Phoenix SUI	+0.0327%	1h	1.0353	−0.041%	$205K	$593K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0635% / S −0.0304%	1h	1.0341	−0.157%	$894K	—	100x	as long as short
Hyperliquid SUI	+0.0676%	1h	1.0358	+0.010%	$74.8M	$80.9M	10x	as long as short
Aftermath Perps SUIUSD	+0.0844%	1h	1.0349	−0.077%	$93K	$382K	10x	as long as short