Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0004%/8hnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Backpack against Aevo+0.012%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Backpack

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—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo SUI-PERP	1.0206	0.0104	pay 0.0013% / 1h	6m 52s	$48K	$38K	3x
Short	Backpack SUI_USDC_PERP	1.0207	0.0100	get 0.0013% / 1h	6m 52s	$643K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Aevo. 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 AevobpFee BackpackbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$0.84
Price spread: +0.012% → 0.000%: $1.22
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$25.62
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Backpack: live order book, 2 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 Aevo no order-book sample	—	—	—	—	—
Sell Backpack live order book, 2 min ago	0.49 bp	5.5 bp −$5	7.5 bp −$75	doesn't fit	doesn't fit

Aevo: 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	−0.3420%	1h	1.0092	−1.115%	$41K	$42K	12x	as long as short
Hibachi SUI/USDT-P	−0.0456%	1h	1.0207	+0.009%	$6K	$19K	7x	as long as short
Reya SUIRUSDPERP	−0.0364%	1h	1.0205	−0.003%	$4K	$3K	20x	as long as short
Bluefin SUI-PERP	−0.0113%	1h	1.0199	−0.066%	$584K	$411K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0204	−0.013%	$93K	$101K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0217	+0.109%	$470K	$5.5M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0210	+0.042%	$198K	$512K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0209	+0.035%	$120K	—	150x	as long as short
01 Exchange SUIUSD	+0.0080%	1h	1.0210	+0.042%	$8K	$8K	10x	as long as short
Lighter SUI	+0.0096%	1h	1.0208	+0.019%	$803K	$5.9M	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	1.0210	+0.043%	$249K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0204	−0.017%	$35K	$503K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0096%	8h	1.0206	+0.002%	$44K	$390K	20x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0204	−0.012%	$599K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0209	+0.032%	$1.0M	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0205	−0.007%	$222K	$261K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0205	−0.007%	$151.7M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0208	+0.022%	$105.1M	$306.3M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0202	−0.037%	$41.5M	$384.1M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0210	+0.042%	$96K	$249K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0191	−0.146%	$240K	−$0	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0204	−0.017%	$165.6M	$81.3M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0205	−0.007%	$150.7M	$288.9M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0207	+0.012%	$52.0M	$48.6M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0201	−0.047%	$69.9M	$169.8M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0206	+0.002%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERPshort	+0.0100%	1h	1.0207	+0.012%	$643K	$1.1M	20x
Variational Omni SUI	+0.0100%	8h	1.0211	+0.056%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0196	−0.092%	$166K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0202	−0.037%	$441K	$6.9M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0199	−0.066%	$244K	$448K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0212	+0.061%	$107K	$811K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0218	+0.120%	$3K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0206	+0.002%	$6K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0202	−0.037%	$631K	$18.9M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0205	−0.007%	$11.4M	$23.8M	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0207	+0.009%	$27K	$9K	30x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0204	−0.015%	$1.5M	$3.8M	50x	as long as short
Aevo SUI-PERPlong	+0.0104%	1h	1.0206	long leg	$48K	$38K	3x
Coinbase International SUI-PERP-INTX	+0.0216%	1h	1.0212	+0.061%	$1.0M	$14.2M	50x	as long as short
Hyperliquid SUI	+0.0217%	1h	1.0214	+0.081%	$73.4M	$83.3M	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0209	+0.032%	$8.2M	$23.2M	100x	as long as short
Phoenix SUI	+0.0300%	1h	1.0204	−0.018%	$184K	$576K	10x	as long as short
Kraken Futures PF_SUIUSD	+0.0424%	1h	1.0212	+0.063%	$6.9M	$23.8M	50x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0595% / S −0.0225%	1h	1.0209	+0.027%	$744K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0878%	1h	1.0214	+0.078%	$121K	$363K	10x	as long as short