Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.082%

Price spread now: Coinbase International against SunX−0.078%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$144as in the Price arb table

costs, in and out, $10k−$1361.360% of the position

Long on SunX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.346%+$35 on $10k

Price spread, last 3 days (all we have)+0.004%$0 · spread now −0.078%, 7d avg −0.003%

Together, before fees+0.349%+$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.075% cheaper against SunX than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of −0.003%). If the spread goes back, that is −$7 on $10k: about 2.0 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SUI-USDT	1.0309	0.0100	pay 0.0100% / 8h	55m 26s	$2K	$1.9M	30x
Short	Coinbase International SUI-PERP-INTX	1.0301	0.0224	get 0.0028% / 1h	55m 26s	$982K	$14.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.078%Rate

Funding earned: $26.04
Price spread: −0.078% → −0.003%: −$7.47
Slippage, 4 orders: −$118.04
Fee SunX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$117.47
Costs to cover: 1.360%
Break-even: 38.6 days

Slippage from SunX: live order book, 10 min ago; Coinbase International: live order book, 4 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, 10 min ago	29.68 bp	44.4 bp −$44	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	3.40 bp	10.7 bp −$11	20.5 bp −$205	doesn't fit	doesn't fit

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	1.0167	−1.377%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0369%	1h	1.0320	+0.109%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0320%	1h	1.0297	−0.120%	$6K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0316	+0.064%	$94K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0304	−0.049%	$459K	$5.4M	2.5x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0305	−0.037%	$119K	—	150x	as long as short
Bluefin SUI-PERP	+0.0022%	1h	1.0305	−0.039%	$591K	$404K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0320	+0.107%	$793K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0322	+0.123%	$260K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0329	+0.194%	$38K	$498K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SUI_USDC	+0.0099%	8h	1.0314	+0.049%	$46K	$330K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0322	+0.123%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0327	+0.170%	$596K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0321	+0.121%	$1.0M	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0320	+0.107%	$224K	$262K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0328	+0.184%	$151.9M	$1.02B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0330	+0.204%	$103.8M	$307.0M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0327	+0.175%	$41.4M	$385.2M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0320	+0.107%	$46K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0269	−0.388%	$242K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0323	+0.136%	$165.4M	$80.6M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0322	+0.126%	$149.3M	$288.5M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0315	+0.058%	$51.8M	$52.1M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0318	+0.087%	$67.8M	$168.7M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0325	+0.155%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0314	+0.049%	$655K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0258	−0.494%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0295	−0.133%	$168K	$4.4M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0293	−0.155%	$444K	$6.9M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0299	−0.097%	$234K	$441K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0334	+0.243%	$108K	$784K	10x	as long as short
SunX SUI-USDTlong	+0.0100%	8h	1.0309	long leg	$2K	$1.9M	30x
SoDEX SUI-USD	+0.0100%	1h	1.0316	+0.068%	$7K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0316	+0.068%	$640K	$18.5M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0316	+0.068%	$11.5M	$24.7M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0322	+0.124%	$1.4M	$3.7M	50x	as long as short
01 Exchange SUIUSD	+0.0104%	1h	1.0331	+0.213%	$9K	$9K	10x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0317	+0.074%	$49K	$37K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0292	−0.165%	$7.9M	$23.8M	100x	as long as short
Coinbase International SUI-PERP-INTXshort	+0.0224%	1h	1.0301	−0.078%	$982K	$14.0M	50x
Kraken Futures PF_SUIUSD	+0.0274%	1h	1.0323	+0.133%	$7.2M	$24.0M	50x	as long as short
Phoenix SUI	+0.0346%	1h	1.0308	−0.012%	$204K	$593K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0637% / S −0.0309%	1h	1.0304	−0.044%	$899K	—	100x	as long as short
Hyperliquid SUI	+0.0649%	1h	1.0338	+0.281%	$74.0M	$80.3M	10x	as long as short
Aftermath Perps SUIUSD	+0.0779%	1h	1.0284	−0.241%	$93K	$381K	10x	as long as short
Deribit SUI_USDC-PERPETUAL	+0.2173%	1h	1.0342	+0.320%	$201K	$596K	25x	as long as short