Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h −0.012%

Price spread now: Phemex against 01 Exchange+0.125%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Phemex is 0.125% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.125% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange SUIUSD	1.0361	0.0144	pay 0.0018% / 1h	55m 15s	$9K	$2K	10x
Short	Phemex SUIUSDT	1.0374	0.0100	get 0.0100% / 8h	3h 55m	$11.9M	$26.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against 01 Exchange. 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 01 ExchangebpFee PhemexbpOrdersPrice spread, now +0.125%Rate

Funding earned: −$9.24
Price spread: +0.125% → 0.000%: $12.55
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$15.69
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Phemex: live order book, 4 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Phemex live order book, 4 min ago	3.38 bp	12.8 bp −$13	26.5 bp −$265	doesn't fit	doesn't fit

01 Exchange: 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	−1.071%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0376%	1h	1.0354	−0.068%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0312%	1h	1.0356	−0.053%	$6K	$19K	7x	as long as short
Kraken Futures PF_SUIUSD	−0.0066%	1h	1.0373	+0.114%	$6.8M	$26.9M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0361	+0.001%	$130K	$227K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0359	−0.019%	$496K	$5.0M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0363	+0.019%	$201K	$573K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0359	−0.019%	$116K	—	150x	as long as short
Bluefin SUI-PERP	+0.0015%	1h	1.0350	−0.106%	$592K	$406K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0370	+0.087%	$801K	$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	1.0369	+0.078%	$299K	$2.2M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0360	−0.010%	$42K	$511K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0361	−0.003%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0355	−0.053%	$584K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0358	−0.030%	$906K	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0365	+0.040%	$224K	$259K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0373	+0.120%	$150.4M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0381	+0.191%	$102.0M	$310.0M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0378	+0.164%	$40.7M	$389.1M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0360	−0.010%	$44K	$330K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0339	−0.212%	$243K	$6K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0358	−0.029%	$169.8M	$80.8M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0380	+0.183%	$153.1M	$291.9M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0363	+0.019%	$50.0M	$53.9M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0368	+0.068%	$67.7M	$172.5M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0379	+0.174%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0378	+0.164%	$656K	$1.4M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0363	+0.016%	$2.5M	$3.4M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0362	+0.009%	$170K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0356	−0.050%	$452K	$7.6M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0364	+0.029%	$228K	$429K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0365	+0.039%	$123K	$746K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0362	+0.010%	$48K	$144K	20x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0348	−0.125%	$2K	$1.7M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0366	+0.048%	$14K	$2.1M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0376	+0.145%	$584K	$19.7M	75x	as long as short
Phemex SUIUSDTshort	+0.0100%	8h	1.0374	+0.125%	$11.9M	$26.8M	50x
Extended SUI-USD	+0.0104%	1h	1.0360	−0.013%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0369	+0.072%	$39K	$11K	3x	as long as short
01 Exchange SUIUSDlong	+0.0144%	1h	1.0361	long leg	$9K	$2K	10x
BloFin SUI-USDT	+0.0220%	8h	1.0379	+0.174%	$7.9M	$24.9M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0369	+0.077%	$977K	$15.0M	50x	as long as short
Phoenix SUI	+0.0390%	1h	1.0371	+0.092%	$210K	$415K	10x	as long as short
Hyperliquid SUI	+0.0395%	1h	1.0392	+0.299%	$75.1M	$81.6M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0612% / S −0.0267%	1h	1.0356	−0.044%	$957K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1505%	1h	1.0371	+0.093%	$83K	$402K	10x	as long as short