Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.3344%/8h= −366.2% APRpaid last 24h −0.823%

Price spread now: Injective against Bitget−0.433%7-day average −0.252% · you buy dearer than you sell

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

Long on Bitget Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−3.602%−$360 on $10k

Price spread, last 4 days (all we have)−0.201%−$20 · spread now −0.433%, 7d avg −0.252%

Together, before fees−3.803%−$380 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$100 a day on $10k at the current rate, and Injective is 0.181% cheaper against Bitget than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.252%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SUIUSDT	1.0387	0.0100	pay 0.0100% / 8h	4h 21m	$67.9M	$172.6M	75x
Short	Injective SUI/USDC PERP	1.0342	−0.3244	pay 0.0406% / 1h	21m 08s	$43K	$123K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.433%Rate

Funding earned: −$702.26
Price spread: −0.433% → −0.252%: −$18.14
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$732.42
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 min ago; Injective: live order book, 37 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 Bitget live order book, 3 min ago	0.96 bp	8.7 bp −$9	13.0 bp −$130	44.5 bp −$4,447	doesn't fit
Sell Injective live order book, 37 min ago	63.83 bp	doesn't fit	doesn't fit	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 PERPshort	−0.3244%	1h	1.0342	−0.433%	$43K	$123K	12x
Reya SUIRUSDPERP	−0.0375%	1h	1.0381	−0.055%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0320%	1h	1.0396	+0.084%	$6K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0397	+0.097%	$130K	$227K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0396	+0.091%	$508K	$5.0M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0384	−0.029%	$202K	$573K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0382	−0.048%	$116K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0390	+0.029%	$827K	$5.6M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0393	+0.061%	$301K	$2.2M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0390	+0.029%	$41K	$517K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex SUI-USD-PERP	+0.0100%	8h	1.0387	+0.002%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0385	−0.024%	$580K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0384	−0.029%	$914K	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0397	+0.096%	$225K	$260K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0388	+0.010%	$150.9M	$1.04B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0389	+0.019%	$102.3M	$311.1M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0386	−0.010%	$41.0M	$389.4M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0390	+0.029%	$44K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0408	+0.201%	$245K	$6K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0387	0.000%	$168.0M	$84.0M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0389	+0.019%	$153.2M	$297.4M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0392	+0.048%	$49.7M	$53.9M	75x	as long as short
Bitget SUIUSDTlong	+0.0100%	8h	1.0387	long leg	$67.9M	$172.6M	75x
BingX SUI-USDC	+0.0100%	8h	1.0387	0.000%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0383	−0.039%	$662K	$1.3M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0450	+0.602%	$2.5M	$3.4M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0389	+0.020%	$170K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0393	+0.059%	$448K	$7.6M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0448	+0.587%	$232K	$487K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0396	+0.087%	$124K	$756K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0383	−0.039%	$48K	$178K	20x	as long as short
Bluefin SUI-PERP	+0.0100%	1h	1.0368	−0.183%	$594K	$406K	25x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0378	−0.087%	$2K	$1.7M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0391	+0.039%	$14K	$2.1M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0385	−0.019%	$573K	$19.6M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0390	+0.029%	$11.9M	$26.8M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0382	−0.046%	$1.4M	$4.1M	50x	as long as short
01 Exchange SUIUSD	+0.0104%	1h	1.0388	+0.010%	$9K	$2K	10x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0390	+0.025%	$39K	$11K	3x	as long as short
Kraken Futures PF_SUIUSD	+0.0162%	1h	1.0393	+0.055%	$6.9M	$27.0M	50x	as long as short
Coinbase International SUI-PERP-INTX	+0.0216%	1h	1.0390	+0.029%	$973K	$15.0M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0386	−0.010%	$7.9M	$24.8M	100x	as long as short
Hyperliquid SUI	+0.0357%	1h	1.0401	+0.135%	$75.5M	$81.4M	10x	as long as short
Phoenix SUI	+0.0390%	1h	1.0403	+0.157%	$211K	$421K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0614% / S −0.0267%	1h	1.0382	−0.043%	$959K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1504%	1h	1.0420	+0.322%	$83K	$397K	10x	as long as short