Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0396%/8h= −43.4% APRpaid last 24h −0.185%

Price spread now: Hibachi against SunX+0.399%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds both histories

The price spread pays, funding is against you. Hibachi is 0.399% dearer against SunX than usual: you sell high and buy low (spread +0.399% now, against zero (this spread has no 7-day history yet)): +$40 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SUI-USDT	1.0343	0.0100	pay 0.0100% / 8h	3h 51m	$2K	$1.7M	30x
Short	Hibachi SUI/USDT-P	1.0384	−0.0296	pay 0.0037% / 1h	51m 03s	$6K	$19K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi 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 HibachibpOrdersPrice spread, now +0.399%Rate

Funding earned: −$83.16
Price spread: +0.399% → 0.000%: $39.88
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$60.28
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: SunX: live order book, 4 min ago; Hibachi: no order-book sample. 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 SunX live order book, 4 min ago	29.87 bp	44.9 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell Hibachi no order-book sample	—	—	—	—	—

Hibachi: 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	−0.3470%	1h	1.0250	−0.899%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0376%	1h	1.0354	+0.110%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-Pshort	−0.0296%	1h	1.0384	+0.399%	$6K	$19K	7x
Kraken Futures PF_SUIUSD	−0.0067%	1h	1.0342	−0.007%	$6.8M	$26.8M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0350	+0.070%	$130K	$227K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0376	+0.324%	$497K	$5.0M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0346	+0.029%	$201K	$572K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0350	+0.070%	$116K	—	150x	as long as short
Bluefin SUI-PERP	+0.0018%	1h	1.0332	−0.106%	$591K	$406K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0343	0.000%	$799K	$5.4M	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	1.0343	+0.004%	$299K	$2.2M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0355	+0.116%	$43K	$515K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0358	+0.141%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0352	+0.087%	$585K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0348	+0.050%	$905K	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0357	+0.133%	$224K	$259K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0348	+0.051%	$150.0M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0346	+0.030%	$101.6M	$309.7M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0345	+0.019%	$40.5M	$387.8M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0360	+0.164%	$44K	$330K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0369	+0.251%	$244K	$5K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0345	+0.019%	$169.5M	$80.9M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0345	+0.019%	$152.2M	$292.1M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0347	+0.039%	$49.9M	$53.9M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0342	−0.010%	$67.6M	$172.6M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0347	+0.039%	—	$82.1M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0343	0.000%	$653K	$1.4M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0352	+0.084%	$2.5M	$3.4M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0374	+0.300%	$171K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0396	+0.509%	$454K	$7.6M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0388	+0.435%	$228K	$429K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0369	+0.251%	$123K	$745K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0346	+0.029%	$48K	$140K	20x	as long as short
SunX SUI-USDTlong	+0.0100%	8h	1.0343	long leg	$2K	$1.7M	30x
SoDEX SUI-USD	+0.0100%	1h	1.0342	−0.010%	$14K	$2.1M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0335	−0.077%	$578K	$19.7M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0346	+0.029%	$11.9M	$26.9M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0341	−0.019%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0352	+0.082%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0136%	1h	1.0359	+0.155%	$9K	$2K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0345	+0.019%	$7.8M	$24.8M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0347	+0.039%	$1.0M	$15.0M	50x	as long as short
Phoenix SUI	+0.0408%	1h	1.0389	+0.442%	$211K	$415K	10x	as long as short
Hyperliquid SUI	+0.0425%	1h	1.0358	+0.145%	$74.9M	$81.4M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0612% / S −0.0267%	1h	1.0350	+0.068%	$957K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1502%	1h	1.0372	+0.277%	$83K	$402K	10x	as long as short