Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.073%

Price spread now: KuCoin against Bluefin+0.098%7-day average +0.129% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$530.529% of the position

Long on Bluefin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.141%−$14 on $10k

Price spread, last 4 days (all we have)−0.004%$0 · spread now +0.098%, 7d avg +0.129%

Together, before fees−0.145%−$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.031% cheaper against Bluefin than usual: you would sell low and buy high (spread +0.098% now, against its 7-day average of +0.129%). If the spread goes back, that is −$3 on $10k: about 36 hours of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.141%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin SUI-PERP	1.0192	0.0032	pay 0.0004% / 1h	3m 55s	$585K	$406K	25x
Short	KuCoin SUIUSDTM	1.0202	0.0100	get 0.0100% / 8h	3h 03m	$50.2M	$54.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bluefin. 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 BluefinbpFee KuCoinbpOrdersPrice spread, now +0.098%Rate

Funding earned: $14.26
Price spread: +0.098% → +0.129%: −$3.08
Slippage, 4 orders: −$33.89
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$41.71
Costs to cover: 0.529%
Break-even: 27.5 days

Slippage from Bluefin: live order book, 50 min ago; KuCoin: live order book, 10 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 Bluefin live order book, 50 min ago	2.90 bp	17.3 bp −$17	75.1 bp −$751	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	0.49 bp	11.3 bp −$11	22.2 bp −$222	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	−0.3470%	1h	1.0136	−0.549%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0377%	1h	1.0205	+0.126%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0128%	1h	1.0207	+0.151%	$6K	$19K	7x	as long as short
Kraken Futures PF_SUIUSD	−0.0068%	1h	1.0207	+0.150%	$6.7M	$24.7M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0199	+0.070%	$128K	$227K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0196	+0.040%	$478K	$5.0M	2.5x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0202	+0.094%	$115K	—	150x	as long as short
Bluefin SUI-PERPlong	+0.0032%	1h	1.0192	long leg	$585K	$406K	25x
Deribit SUI_USDC-PERPETUAL	+0.0044%	1h	1.0206	+0.137%	$198K	$572K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0207	+0.145%	$773K	$5.5M	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	+0.179%	$303K	$2.2M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0205	+0.128%	$46K	$517K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0209	+0.164%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0207	+0.147%	$577K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0202	+0.098%	$874K	$4.4M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0203	+0.110%	$220K	$252K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0203	+0.108%	$145.0M	$1.04B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0201	+0.093%	$100.4M	$309.0M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0201	+0.088%	$40.1M	$385.0M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0210	+0.177%	$43K	$330K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0243	+0.500%	$241K	$3K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0202	+0.098%	$167.5M	$83.5M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0203	+0.108%	$152.3M	$296.7M	300x	as long as short
KuCoin SUIUSDTMshort	+0.0100%	8h	1.0202	+0.098%	$50.2M	$54.0M	75x
Bitget SUIUSDT	+0.0100%	8h	1.0200	+0.078%	$66.6M	$174.2M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0203	+0.108%	—	$82.1M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0205	+0.128%	$626K	$1.4M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0210	+0.174%	$2.4M	$3.4M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0207	+0.143%	$166K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0216	+0.236%	$437K	$7.5M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0210	+0.177%	$223K	$433K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0212	+0.196%	$137K	$740K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0203	+0.108%	$47K	$181K	20x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0229	+0.363%	$2K	$1.7M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0206	+0.137%	$14K	$2.0M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0206	+0.137%	$590K	$19.5M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0205	+0.128%	$11.7M	$27.3M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0202	+0.102%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0209	+0.162%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0136%	1h	1.0206	+0.137%	$9K	$3K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0211	+0.186%	$7.6M	$24.5M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0210	+0.177%	$976K	$15.0M	50x	as long as short
Hyperliquid SUI	+0.0334%	1h	1.0215	+0.226%	$73.4M	$80.7M	10x	as long as short
Phoenix SUI	+0.0408%	1h	1.0219	+0.269%	$214K	$415K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0595% / S −0.0258%	1h	1.0200	+0.083%	$928K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1451%	1h	1.0217	+0.248%	$82K	$405K	10x	as long as short