Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0604%/8h= −66.1% APRpaid last 24h −0.178%

Price spread now: Hibachi against Bitget+0.234%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Hibachi

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—+ Points / potential airdropHibachi: Active · farm boardneeds both histories

The price spread pays, funding is against you. Hibachi is 0.234% dearer against Bitget than usual: you sell high and buy low (spread +0.234% now, against zero (this spread has no 7-day history yet)): +$23 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SUIUSDT	1.0250	0.0100	pay 0.0100% / 8h	3h 31m	$67.4M	$172.0M	75x
Short	Hibachi SUI/USDT-P	1.0274	−0.0504	pay 0.0063% / 1h	31m 26s	$6K	$19K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Bitget. 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 BitgetbpFee HibachibpOrdersPrice spread, now +0.234%Rate

Funding earned: −$126.84
Price spread: +0.234% → 0.000%: $23.44
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$124.4
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: Bitget: live order book, 3 min ago; Hibachi: no order-book sample. 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 Bitget live order book, 3 min ago	0.98 bp	8.6 bp −$9	13.1 bp −$131	31.1 bp −$3,111	doesn't fit
Sell Hibachi no order-book sample	—	—	—	—	—

Hibachi: 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	−0.3656%	1h	1.0187	−0.615%	$42K	$42K	12x	as long as short
Hibachi SUI/USDT-Pshort	−0.0504%	1h	1.0274	+0.234%	$6K	$19K	7x
Reya SUIRUSDPERP	−0.0365%	1h	1.0254	+0.044%	$4K	$3K	20x	as long as short
Kraken Futures PF_SUIUSD	−0.0154%	1h	1.0278	+0.275%	$6.9M	$24.0M	50x	as long as short
Bluefin SUI-PERP	−0.0032%	1h	1.0246	−0.039%	$587K	$413K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0266	+0.153%	$94K	$88K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0285	+0.341%	$462K	$5.6M	2.5x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0258	+0.082%	$119K	—	150x	as long as short
01 Exchange SUIUSD	+0.0048%	1h	1.0259	+0.088%	$8K	$8K	10x	as long as short
Lighter SUI	+0.0096%	1h	1.0264	+0.140%	$775K	$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	1.0267	+0.166%	$247K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0254	+0.039%	$33K	$507K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0097%	8h	1.0255	+0.049%	$45K	$385K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0262	+0.113%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0259	+0.088%	$599K	$1.4M	10x	as long as short
Hyperliquid SUI	+0.0100%	1h	1.0263	+0.127%	$73.3M	$83.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0265	+0.150%	$1.0M	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0266	+0.153%	$223K	$263K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0257	+0.065%	$152.3M	$1.04B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0258	+0.079%	$105.3M	$308.8M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0254	+0.039%	$41.4M	$389.2M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0260	+0.098%	$148K	$300K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0255	+0.049%	$165.3M	$81.4M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0255	+0.049%	$148.3M	$295.2M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0255	+0.049%	$52.3M	$50.5M	75x	as long as short
Bitget SUIUSDTlong	+0.0100%	8h	1.0250	long leg	$67.4M	$172.0M	75x
BingX SUI-USDT	+0.0100%	8h	1.0256	+0.059%	—	$80.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0269	+0.185%	$646K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0297	+0.455%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0264	+0.135%	$166K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0283	+0.322%	$450K	$7.1M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0267	+0.166%	$247K	$435K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0263	+0.127%	$107K	$818K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0283	+0.322%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0255	+0.049%	$7K	$2.5M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0275	+0.244%	$629K	$19.2M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0275	+0.244%	$11.5M	$23.9M	50x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0277	+0.263%	$242K	$2K	10x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0258	+0.082%	$1.5M	$3.7M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0260	+0.102%	$48K	$38K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0216%	1h	1.0286	+0.351%	$991K	$14.4M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0290	+0.390%	$8.2M	$24.1M	100x	as long as short
Phoenix SUI	+0.0270%	1h	1.0309	+0.571%	$186K	$581K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0629% / S −0.0300%	1h	1.0257	+0.070%	$879K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0897%	1h	1.0282	+0.314%	$93K	$398K	10x	as long as short
Deribit SUI_USDC-PERPETUAL	+0.1307%	1h	1.0293	+0.420%	$198K	$516K	25x	as long as short