Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0051%/8h= −5.6% APRpaid last 24h −0.014%

Price spread now: Deribit against BingX+0.090%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$350.346% of the position

Long on BingX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

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. Deribit is 0.090% dearer against BingX than usual: you sell high and buy low (spread +0.090% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SUI-USDT	1.0017	0.0100	pay 0.0100% / 8h	2h 27m	—	$82.6M	—
Short	Deribit SUI_USDC-PERPETUAL	1.0026	0.0049	get 0.0006% / 1h	27m 52s	$195K	$562K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against BingX. 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 BingXbpFee DeribitbpOrdersPrice spread, now +0.090%Rate

Funding earned: −$10.71
Price spread: +0.090% → 0.000%: $8.98
Slippage, 4 orders: −$17.64
Fee BingX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$36.36
Costs to cover: 0.346%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; Deribit: live order book, 21 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 BingX live order book, 11 min ago	0.98 bp	6.0 bp −$6	8.4 bp −$84	14.7 bp −$1,471	37.9 bp −$18.9K
Sell Deribit live order book, 21 min ago	6.83 bp	10.3 bp −$10	21.7 bp −$217	doesn't fit	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	−0.3309%	1h	1.0052	+0.349%	$41K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0378%	1h	1.0006	−0.114%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0160%	1h	1.0063	+0.463%	$6K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0008	−0.086%	$126K	$227K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0020	+0.026%	$370K	$5.1M	2.5x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0007	−0.097%	$112K	—	150x	as long as short
Deribit SUI_USDC-PERPETUALshort	+0.0049%	1h	1.0026	+0.090%	$195K	$562K	25x
Bluefin SUI-PERP	+0.0050%	1h	1.0007	−0.100%	$574K	$409K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0020	+0.030%	$771K	$5.5M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0025	+0.079%	$296K	$2.2M	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	1.0005	−0.120%	$30K	$539K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0021	+0.040%	$46K	$208K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0008	−0.093%	$26K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0010	−0.070%	$542K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0017	+0.002%	$873K	$4.3M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0012	−0.050%	$217K	$257K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0020	+0.030%	$143.9M	$1.05B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0012	−0.047%	$98.0M	$317.9M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0014	−0.030%	$40.6M	$382.8M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0010	−0.070%	$42K	$330K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0068	+0.509%	$237K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0020	+0.030%	$163.7M	$84.7M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0016	−0.010%	$149.1M	$293.5M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0013	−0.040%	$49.2M	$53.7M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0007	−0.100%	$65.9M	$177.5M	75x	as long as short
BingX SUI-USDTlong	+0.0100%	8h	1.0017	long leg	—	$82.6M	—
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0018	+0.010%	$620K	$1.4M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0032	+0.149%	$2.4M	$3.4M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0057	+0.396%	$162K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0051	+0.339%	$438K	$7.5M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0056	+0.389%	$221K	$436K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0015	−0.020%	$133K	$728K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0034	+0.170%	$2K	$1.7M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0022	+0.050%	$6K	$1.9M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0016	−0.010%	$604K	$19.4M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0020	+0.030%	$11.5M	$27.7M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0008	−0.088%	$1.4M	$4.2M	50x	as long as short
01 Exchange SUIUSD	+0.0104%	1h	1.0007	−0.100%	$9K	$3K	10x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0027	+0.099%	$38K	$11K	3x	as long as short
Kraken Futures PF_SUIUSD	+0.0175%	1h	1.0021	+0.035%	$6.7M	$25.0M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0042	+0.250%	$7.6M	$24.2M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0020	+0.030%	$961K	$14.8M	50x	as long as short
Hyperliquid SUI	+0.0346%	1h	1.0027	+0.100%	$71.7M	$83.2M	10x	as long as short
Phoenix SUI	+0.0416%	1h	1.0059	+0.418%	$199K	$422K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0596% / S −0.0263%	1h	1.0004	−0.133%	$919K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1440%	1h	1.0080	+0.624%	$81K	$409K	10x	as long as short