Settings8H · net · $10k
Funding arb · Price arb /

SUI

all SUI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0299%/8h= +32.7% APRpaid last 24h +0.098%
Price spread now: Hyperliquid against SunX−0.079%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$135as in the Price arb table
costs, in and out, $10k−$1271.271% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.180%+$18 on $10k
Price spread, last 4 days (all we have)+0.040%+$4 · spread now −0.079%, 7d avg +0.003%
Together, before fees+0.219%+ Points / potential airdropHyperliquid: Season 2 · farm board+$22 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.081% cheaper against SunX than usual: you would sell low and buy high (spread −0.079% now, against its 7-day average of +0.003%). If the spread goes back, that is −$8 on $10k: about 22 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.180% in total) that is about 3.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.180% in total (about 9.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX SUI-USDT1.01840.0100pay 0.0100% / 8h1h 08m$2K$1.6M30x
ShortHyperliquid SUI1.01760.0399get 0.0050% / 1h8m 16s$73.3M$80.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$62.72
Price spread: −0.079% → +0.003%
−$8.13
Slippage, 4 orders
−$110.07
Fee SunX: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$72.48
Costs to cover
1.271%
Break-even
15.1 days
Slippage from SunX: live order book, 7 min ago; Hyperliquid: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 7 min ago29.89 bp44.6 bp −$45doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 5 min ago0.49 bp6.8 bp −$710.3 bp −$103doesn't fitdoesn't fit

SUI on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SUI/USDC PERP−0.3536%1h1.0106−0.766%$42K$113K12xas long as short
Reya SUIRUSDPERP−0.0380%1h1.0167−0.168%$4K$3K20xas long as short
Hibachi SUI/USDT-P−0.0248%1h1.0178−0.061%$5K$20K7xas long as short
Bluefin SUI-PERP−0.0094%1h1.0160−0.236%$583K$421K25xas long as short
dYdX SUI-USD0.0000%1h1.0170−0.137%$95K$257K10xas long as short
Kalshi KXSUIPERP0.0000%8h1.0182−0.019%$376K$4.4M2.5xas long as short
gTrade (Gains Network) SUI/USDL +0.0003% / S −0.0003%1h1.0172−0.116%$115K150xas long as short
Deribit SUI_USDC-PERPETUAL+0.0045%1h1.0176−0.079%$196K$558K25xas long as short
Lighter SUI+0.0096%1h1.0174−0.099%$769K$5.4M10xas long as short
Lighter RH SUI+0.0096%1h1.0174−0.101%$297K$2.2M10xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex SUIUSDT+0.0096%1h1.0169−0.147%$39K$522K50xas long as short
Orderly PERP_SUI_USDC+0.0100%8h1.0174−0.098%$47K$224K20xas long as short
Paradex SUI-USD-PERP+0.0100%8h1.0166−0.179%$27K$8K30xas long as short
Nado SUI-PERP+0.0100%1h1.0166−0.172%$690K$2.2M10xas long as short
Aster SUIUSDT+0.0100%8h1.0171−0.124%$897K$4.2M75xas long as short
Pacifica SUI+0.0100%1h1.0170−0.134%$216K$257K10xas long as short
Binance SUIUSDT+0.0100%8h1.0171−0.124%$146.4M$1.00B75xas long as short
Bybit SUIUSDT+0.0100%8h1.0170−0.135%$98.5M$312.8M50xas long as short
OKX SUI-USDT-SWAP+0.0100%8h1.0173−0.108%$41.0M$372.4M50xas long as short
Arcus SUI-USD+0.0100%1h1.0170−0.137%$43K$330K10xas long as short
Bulk SUI-USD+0.0100%1h1.0183−0.005%$239K$45410xas long as short
Gate SUI_USDT+0.0100%8h1.0169−0.147%$168.1M$84.0M50xas long as short
MEXC SUI_USDT+0.0100%8h1.0169−0.147%$153.4M$293.0M300xas long as short
KuCoin SUIUSDTM+0.0100%8h1.0169−0.147%$50.1M$52.5M75xas long as short
Bitget SUIUSDT+0.0100%8h1.0169−0.147%$67.1M$170.8M75xas long as short
BingX SUI-USDC+0.0100%8h1.0171−0.128%$6.5Mas long as short
Backpack SUI_USDC_PERP+0.0100%1h1.0176−0.079%$669K$1.4M20xas long as short
Variational Omni SUI+0.0100%8h1.0177−0.072%$2.4M$3.5Mas long as short
edgeX SUIUSDC+0.0100%4h1.0183−0.011%$164K$4.4M20xas long as short
GRVT SUI_USDT_Perp+0.0100%8h1.0177−0.070%$438K$7.1M10xas long as short
ApeX Omni SUIUSDT+0.0100%1h1.0183−0.010%$223K$377K50xas long as short
Polymarket Perps SUI-USD+0.0100%1h1.0176−0.079%$126K$589K10xas long as short
SunX SUI-USDTlong+0.0100%8h1.0184long leg$2K$1.6M30x
SoDEX SUI-USD+0.0100%1h1.0173−0.108%$5K$1.8M10xas long as short
HTX SUI-USDT+0.0100%8h1.0166−0.177%$638K$18.4M75xas long as short
Phemex SUIUSDT+0.0100%8h1.0175−0.088%$11.7M$28.2M50xas long as short
Extended SUI-USD+0.0104%1h1.0169−0.146%$1.4M$4.1M50xas long as short
Aevo SUI-PERP+0.0104%1h1.0173−0.105%$39K$11K3xas long as short
01 Exchange SUIUSD+0.0192%1h1.0171−0.128%$9K$2K10xas long as short
BloFin SUI-USDT+0.0220%8h1.0177−0.069%$7.6M$24.5M100xas long as short
Coinbase International SUI-PERP-INTX+0.0280%1h1.0178−0.059%$1.0M$14.5M50xas long as short
Kraken Futures PF_SUIUSD+0.0365%1h1.0175−0.091%$6.8M$22.0M50xas long as short
Hyperliquid SUIshort+0.0399%1h1.0176−0.079%$73.3M$80.3M10x
Phoenix SUI+0.0431%1h1.0192+0.079%$202K$413K10xas long as short
GMX SUI/USD [ETH-USDC]L +0.0601% / S −0.0263%1h1.0171−0.125%$934K100xas long as short
Aftermath Perps SUIUSD+0.1352%1h1.0182−0.018%$82K$409K10xas long as short