Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.4599%/8h= −503.5% APRpaid last 24h −0.732%

Price spread now: Injective against SunX−1.305%7-day average −0.370% · you buy dearer than you sell

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

Long on SunX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−2.135%−$213 on $10k

Price spread, last 3 days (all we have)+1.008%+$101 · spread now −1.305%, 7d avg −0.370%

Together, before fees−1.127%−$113 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$138 a day on $10k at the current rate, and Injective is 0.935% cheaper against SunX than usual: you would sell low and buy high (−$94 if the spread goes back to its 7-day average of −0.370%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SUI-USDT	1.0346	0.0100	pay 0.0100% / 8h	6h 29m	$3K	$1.8M	30x
Short	Injective SUI/USDC PERP	1.0211	−0.4499	pay 0.0562% / 1h	29m 09s	$42K	$123K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −1.305%Rate

Funding earned: −$965.7
Price spread: −1.305% → −0.370%: −$93.52
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1,067.24
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 7 min ago; Injective: live order book, 39 min ago. 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, 7 min ago	30.33 bp	45.1 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell Injective live order book, 39 min ago	103.28 bp	doesn't fit	doesn't fit	doesn't fit	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 PERPshort	−0.4499%	1h	1.0211	−1.305%	$42K	$123K	12x
Hibachi SUI/USDT-P	−0.0456%	1h	1.0346	−0.002%	$6K	$19K	7x	as long as short
Reya SUIRUSDPERP	−0.0372%	1h	1.0348	+0.019%	$4K	$3K	20x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0373	+0.264%	$95K	$171K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0368	+0.216%	$498K	$5.1M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0331	−0.145%	$201K	$579K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0339	−0.064%	$113K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0012%	1h	1.0332	−0.138%	$6.8M	$27.0M	50x	as long as short
Bluefin SUI-PERP	+0.0076%	1h	1.0324	−0.213%	$591K	$414K	25x	as long as short
01 Exchange SUIUSD	+0.0088%	1h	1.0366	+0.193%	$9K	$3K	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SUI	+0.0096%	1h	1.0347	+0.012%	$817K	$5.7M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0339	−0.069%	$275K	$2.1M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0363	+0.164%	$30K	$491K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0403	+0.551%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0363	+0.164%	$750K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0337	−0.084%	$910K	$5.0M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0375	+0.280%	$226K	$269K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0367	+0.200%	$151.3M	$1.05B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0370	+0.234%	$103.1M	$312.9M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0366	+0.193%	$40.8M	$392.1M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0370	+0.232%	$44K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0354	+0.077%	$244K	$3K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0358	+0.116%	$163.3M	$84.0M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0361	+0.145%	$149.3M	$298.8M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0346	0.000%	$51.5M	$53.8M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0360	+0.135%	$67.5M	$172.3M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0361	+0.145%	—	$82.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0352	+0.058%	$688K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0337	−0.088%	$2.4M	$3.2M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0348	+0.019%	$169K	$4.7M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0348	+0.018%	$450K	$7.5M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0348	+0.019%	$236K	$507K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0374	+0.271%	$120K	$727K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0335	−0.106%	$47K	$260K	20x	as long as short
SunX SUI-USDTlong	+0.0100%	8h	1.0346	long leg	$3K	$1.8M	30x
SoDEX SUI-USD	+0.0100%	1h	1.0327	−0.184%	$6K	$2.2M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0326	−0.193%	$655K	$19.7M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0338	−0.077%	$11.5M	$25.7M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0328	−0.171%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0330	−0.156%	$39K	$16K	3x	as long as short
Hyperliquid SUI	+0.0114%	1h	1.0371	+0.242%	$74.2M	$80.6M	10x	as long as short
Coinbase International SUI-PERP-INTX	+0.0152%	1h	1.0327	−0.184%	$1.0M	$14.5M	50x	as long as short
Phoenix SUI	+0.0221%	1h	1.0388	+0.410%	$206K	$595K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0619% / S −0.0272%	1h	1.0347	+0.010%	$976K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1002%	1h	1.0363	+0.163%	$78K	$378K	10x	as long as short