Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against SunX−0.089%7-day average −0.120% · you buy dearer than you sell

Net, funding: paid 7d − costs−$206as in the Funding arb table

Net, price: spread back to 7d avg − costs−$196as in the Price arb table

costs, in and out, $10k−$1991.987% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 3 days (all we have)−0.054%−$5 · spread now −0.089%, 7d avg −0.120%

Together, before fees−0.126%−$13 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: Bybit is 0.031% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.120%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SUI-USDT	1.0377	0.0100	pay 0.0100% / 8h	6h 07m	$2K	$1.8M	30x
Short	Bybit SUIUSDT	1.0368	0.0100	get 0.0100% / 8h	6h 07m	$103.1M	$310.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.089%Rate

Funding earned: $0
Price spread: −0.089% → −0.120%: $3.12
Slippage, 4 orders: −$179.67
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$195.55
Costs to cover: 1.987%
Break-even: never at this rate

Slippage from SunX: live order book, 9 min ago; Bybit: live order book, 2 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, 9 min ago	65.06 bp	79.5 bp −$80	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.48 bp	8.3 bp −$8	13.3 bp −$133	36.2 bp −$3,619	doesn't fit

SUI on 45 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	−0.4499%	1h	1.0250	−1.224%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0373%	1h	1.0357	−0.189%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0304%	1h	1.0374	−0.031%	$6K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0353	−0.232%	$94K	$171K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0367	−0.093%	$507K	$4.9M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0369	−0.077%	$201K	$578K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0363	−0.139%	$113K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0012%	1h	1.0374	−0.027%	$6.8M	$27.0M	50x	as long as short
Bluefin SUI-PERP	+0.0061%	1h	1.0351	−0.251%	$592K	$414K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0373	−0.035%	$816K	$5.7M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SUI	+0.0096%	1h	1.0376	−0.008%	$277K	$2.1M	10x	as long as short
01 Exchange SUIUSD	+0.0096%	1h	1.0356	−0.202%	$9K	$3K	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0351	−0.251%	$31K	$492K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0351	−0.248%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0350	−0.263%	$734K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0368	−0.087%	$910K	$4.9M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0360	−0.165%	$226K	$268K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0363	−0.134%	$151.4M	$1.04B	75x	as long as short
Bybit SUIUSDTshort	+0.0100%	8h	1.0368	−0.089%	$103.1M	$310.8M	50x
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0365	−0.116%	$40.8M	$388.4M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0360	−0.164%	$44K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0361	−0.159%	$244K	$4K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0368	−0.087%	$164.4M	$84.6M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0367	−0.096%	$150.1M	$301.3M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0373	−0.039%	$50.9M	$53.7M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0363	−0.135%	$67.4M	$170.7M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0366	−0.106%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0363	−0.135%	$675K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0406	+0.276%	$2.4M	$3.2M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0350	−0.262%	$169K	$4.7M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0361	−0.150%	$449K	$7.4M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0344	−0.318%	$236K	$474K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0364	−0.125%	$119K	$716K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0363	−0.135%	$47K	$244K	20x	as long as short
SunX SUI-USDTlong	+0.0100%	8h	1.0377	long leg	$2K	$1.8M	30x
SoDEX SUI-USD	+0.0100%	1h	1.0372	−0.048%	$6K	$2.1M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0371	−0.058%	$601K	$19.9M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0368	−0.087%	$11.6M	$25.9M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0365	−0.119%	$1.5M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0372	−0.047%	$39K	$16K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0152%	1h	1.0370	−0.067%	$990K	$14.6M	50x	as long as short
Phoenix SUI	+0.0221%	1h	1.0373	−0.036%	$206K	$595K	10x	as long as short
Hyperliquid SUI	+0.0253%	1h	1.0380	+0.026%	$74.6M	$80.0M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0625% / S −0.0278%	1h	1.0362	−0.147%	$976K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1085%	1h	1.0378	+0.009%	$82K	$382K	10x	as long as short