Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0173%/8h= +18.9% APRpaid last 24h +0.016%

Price spread now: Kraken Futures against Binance+0.042%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$340.339% of the position

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.102%+$10 on $10k

Price spread, last 3 days (all we have)−0.023%−$2 · spread now +0.042%, 7d avg +0.034%

Together, before fees+0.078%+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.034%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SUIUSDT	1.0352	0.0100	pay 0.0100% / 8h	39m 53s	$152.0M	$1.02B	75x
Short	Kraken Futures PF_SUIUSD	1.0356	0.0273	get 0.0034% / 1h	39m 53s	$7.2M	$24.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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 BinancebpFee Kraken FuturesbpOrdersPrice spread, now +0.042%Rate

Funding earned: $36.25
Price spread: +0.042% → +0.034%: $0.82
Slippage, 4 orders: −$13.88
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $3.19
Costs to cover: 0.339%
Break-even: 6.4 days

Slippage from Binance: live order book, 4 min ago; Kraken Futures: live order book, 4 min ago.

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 Binance live order book, 4 min ago	0.48 bp	5.5 bp −$5	9.8 bp −$98	24.6 bp −$2,458	97.5 bp −$48.8K
Sell Kraken Futures live order book, 4 min ago	1.45 bp	9.9 bp −$10	16.2 bp −$162	46.8 bp −$4,675	doesn't fit

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	−0.3474%	1h	1.0207	−1.401%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0369%	1h	1.0351	−0.006%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0336%	1h	1.0353	+0.013%	$6K	$19K	7x	as long as short
Bluefin SUI-PERP	−0.0005%	1h	1.0342	−0.097%	$593K	$407K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0355	+0.026%	$94K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0364	+0.121%	$464K	$5.4M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0356	+0.039%	$201K	$581K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0354	+0.021%	$120K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0354	+0.018%	$796K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0356	+0.041%	$261K	$2.0M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex SUIUSDT	+0.0096%	1h	1.0354	+0.019%	$39K	$495K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0099%	8h	1.0354	+0.019%	$46K	$329K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0350	−0.015%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0352	−0.005%	$597K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0353	+0.005%	$1.0M	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0358	+0.058%	$225K	$260K	10x	as long as short
Binance SUIUSDTlong	+0.0100%	8h	1.0352	long leg	$152.0M	$1.02B	75x
Bybit SUIUSDT	+0.0100%	8h	1.0354	+0.023%	$103.6M	$306.8M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0345	−0.068%	$41.3M	$386.4M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0360	+0.077%	$46K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0352	0.000%	$243K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0352	0.000%	$165.7M	$81.1M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0350	−0.019%	$149.9M	$290.2M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0348	−0.039%	$51.7M	$52.2M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0344	−0.077%	$67.9M	$168.7M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0352	0.000%	—	$81.7M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0349	−0.029%	$659K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0356	+0.041%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0366	+0.131%	$169K	$4.4M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0357	+0.044%	$454K	$7.0M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0367	+0.145%	$235K	$442K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0360	+0.077%	$108K	$777K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0368	+0.155%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0351	−0.010%	$7K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0349	−0.029%	$641K	$18.5M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0350	−0.019%	$11.6M	$24.8M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0345	−0.066%	$1.4M	$3.8M	50x	as long as short
01 Exchange SUIUSD	+0.0104%	1h	1.0359	+0.068%	$9K	$9K	10x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0355	+0.032%	$49K	$37K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0355	+0.029%	$8.0M	$24.2M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0224%	1h	1.0368	+0.155%	$986K	$14.0M	50x	as long as short
Kraken Futures PF_SUIUSDshort	+0.0273%	1h	1.0356	+0.042%	$7.2M	$24.1M	50x
Phoenix SUI	+0.0327%	1h	1.0372	+0.188%	$206K	$593K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0640% / S −0.0309%	1h	1.0354	+0.020%	$904K	—	100x	as long as short
Hyperliquid SUI	+0.0691%	1h	1.0365	+0.126%	$74.7M	$80.8M	10x	as long as short
Aftermath Perps SUIUSD	+0.0834%	1h	1.0363	+0.109%	$94K	$381K	10x	as long as short