Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bybit against Bulk+0.187%7-day average −0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs+$1as in the Price arb table

costs, in and out, $10k−$260.256% of the position

Long on Bulk Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.006%+$1 on $10k

Price spread, last 4 days (all we have)−0.118%−$12 · spread now +0.187%, 7d avg −0.080%

Together, before fees−0.111%−$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.267% dearer against Bulk than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of −0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk SUI-USD	1.0351	0.0100	pay 0.0013% / 1h	59m 01s	$243K	$4K	10x
Short	Bybit SUIUSDT	1.0370	0.0100	get 0.0100% / 8h	5h 59m	$102.8M	$309.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bulk. 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 BulkbpFee BybitbpOrdersPrice spread, now +0.187%Rate

Funding earned: $0
Price spread: +0.187% → −0.080%: $26.73
Slippage, 4 orders: −$7.61
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $1.12
Costs to cover: 0.256%
Break-even: from the start

Slippage from Bulk: live order book, 5 min ago; Bybit: live order book, 5 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 Bulk live order book, 5 min ago	0.48 bp	4.0 bp −$4	5.2 bp −$52	15.6 bp −$1,562	39.5 bp −$19.8K
Sell Bybit live order book, 5 min ago	0.48 bp	8.0 bp −$8	14.8 bp −$148	35.4 bp −$3,544	doesn't fit

SUI on 45 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	−0.3542%	1h	1.0252	−0.956%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0373%	1h	1.0355	+0.037%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0264%	1h	1.0361	+0.097%	$6K	$19K	7x	as long as short
Bluefin SUI-PERP	−0.0067%	1h	1.0350	−0.010%	$592K	$413K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0375	+0.232%	$95K	$169K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0370	+0.187%	$521K	$4.9M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0363	+0.116%	$201K	$577K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0358	+0.064%	$113K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0368	+0.166%	$818K	$5.5M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0371	+0.193%	$277K	$2.1M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex SUIUSDT	+0.0096%	1h	1.0362	+0.106%	$31K	$499K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0373	+0.214%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0355	+0.039%	$716K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0368	+0.164%	$909K	$4.8M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0377	+0.251%	$226K	$266K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0392	+0.399%	$152.0M	$1.04B	75x	as long as short
Bybit SUIUSDTshort	+0.0100%	8h	1.0370	+0.187%	$102.8M	$309.1M	50x
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0393	+0.406%	$41.0M	$386.0M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0370	+0.184%	$44K	$373K	10x	as long as short
Bulk SUI-USDlong	+0.0100%	1h	1.0351	long leg	$243K	$4K	10x
Gate SUI_USDT	+0.0100%	8h	1.0369	+0.174%	$164.1M	$82.2M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0397	+0.444%	$150.8M	$289.0M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0371	+0.193%	$50.5M	$53.7M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0394	+0.415%	$67.6M	$168.7M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0394	+0.415%	—	$82.1M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0365	+0.135%	$708K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0383	+0.306%	$2.4M	$3.2M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0383	+0.305%	$169K	$4.7M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0385	+0.329%	$455K	$7.5M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0378	+0.261%	$236K	$471K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0371	+0.193%	$121K	$728K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0358	+0.068%	$47K	$242K	20x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0380	+0.280%	$2K	$1.8M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0365	+0.135%	$6K	$2.1M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0365	+0.135%	$595K	$19.8M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0366	+0.145%	$11.6M	$26.0M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0394	+0.416%	$1.4M	$4.0M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0368	+0.168%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0112%	1h	1.0368	+0.164%	$9K	$3K	10x	as long as short
Coinbase International SUI-PERP-INTX	+0.0176%	1h	1.0368	+0.164%	$971K	$14.5M	50x	as long as short
Phoenix SUI	+0.0221%	1h	1.0426	+0.725%	$207K	$530K	10x	as long as short
Kraken Futures PF_SUIUSD	+0.0290%	1h	1.0367	+0.152%	$6.8M	$26.9M	50x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0625% / S −0.0278%	1h	1.0356	+0.047%	$977K	—	100x	as long as short
Hyperliquid SUI	+0.0631%	1h	1.0383	+0.309%	$74.9M	$80.2M	10x	as long as short
Aftermath Perps SUIUSD	+0.1124%	1h	1.0387	+0.352%	$82K	$383K	10x	as long as short