Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.086%

Price spread now: Bitget against Coinbase International−0.057%7-day average −0.129% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$450.455% of the position

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.417%−$42 on $10k

Price spread, last 3 days (all we have)−0.026%−$3 · spread now −0.057%, 7d avg −0.129%

Together, before fees−0.444%−$44 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.072% dearer against Coinbase International than usual: you sell high and buy low (spread −0.057% now, against its 7-day average of −0.129%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SUI-PERP-INTX	1.0507	0.0200	pay 0.0025% / 1h	34m 19s	$1.0M	$14.4M	50x
Short	Bitget SUIUSDT	1.0501	0.0100	get 0.0100% / 8h	7h 34m	$69.2M	$165.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Coinbase International. 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 Coinbase InternationalbpFee BitgetbpOrdersPrice spread, now −0.057%Rate

Funding earned: −$21
Price spread: −0.057% → −0.129%: $7.18
Slippage, 4 orders: −$23.46
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$59.28
Costs to cover: 0.455%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; Bitget: 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 Coinbase International live order book, 5 min ago	4.79 bp	14.7 bp −$15	21.3 bp −$213	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	0.48 bp	9.9 bp −$10	14.3 bp −$143	25.1 bp −$2,511	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	−0.3416%	1h	1.0330	−1.685%	$42K	$123K	12x	as long as short
Bluefin SUI-PERP	−0.0691%	1h	1.0490	−0.162%	$602K	$410K	25x	as long as short
Hibachi SUI/USDT-P	−0.0424%	1h	1.0484	−0.216%	$6K	$19K	7x	as long as short
Reya SUIRUSDPERP	−0.0371%	1h	1.0497	−0.100%	$4K	$3K	20x	as long as short
Phemex SUIUSDT	−0.0075%	8h	1.0509	+0.019%	$11.8M	$25.0M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0501	−0.054%	$96K	$169K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0525	+0.171%	$483K	$5.0M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0510	+0.029%	$204K	$583K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0506	−0.009%	$121K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0038%	1h	1.0512	+0.046%	$7.3M	$23.9M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SUIUSD	+0.0080%	1h	1.0515	+0.076%	$9K	$9K	10x	as long as short
Lighter SUI	+0.0096%	1h	1.0517	+0.096%	$815K	$5.8M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0514	+0.062%	$273K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0511	+0.038%	$29K	$482K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0501	−0.057%	$47K	$313K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0508	+0.008%	$28K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0503	−0.038%	$667K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0516	+0.086%	$1.0M	$4.8M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0510	+0.029%	$228K	$256K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0505	−0.018%	$156.1M	$1.02B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0507	0.000%	$105.1M	$305.1M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0500	−0.067%	$42.2M	$387.3M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0520	+0.124%	$47K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0450	−0.546%	$246K	$813	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0504	−0.029%	$169.1M	$80.7M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0504	−0.029%	$155.1M	$293.3M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0497	−0.095%	$51.2M	$52.7M	75x	as long as short
Bitget SUIUSDTshort	+0.0100%	8h	1.0501	−0.057%	$69.2M	$165.8M	75x
BingX SUI-USDT	+0.0100%	8h	1.0504	−0.029%	—	$81.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0513	+0.057%	$679K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0488	−0.182%	$2.4M	$2.9M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0449	−0.554%	$170K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0444	−0.600%	$452K	$7.3M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0479	−0.266%	$241K	$479K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0518	+0.105%	$120K	$757K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0518	+0.105%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0506	−0.010%	$6K	$2.3M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0504	−0.029%	$647K	$18.5M	75x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0500	−0.068%	$1.5M	$3.9M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0510	+0.026%	$40K	$16K	3x	as long as short
Coinbase International SUI-PERP-INTXlong	+0.0200%	1h	1.0507	long leg	$1.0M	$14.4M	50x
BloFin SUI-USDT	+0.0220%	8h	1.0518	+0.105%	$8.1M	$24.2M	100x	as long as short
Phoenix SUI	+0.0299%	1h	1.0503	−0.033%	$208K	$590K	10x	as long as short
Hyperliquid SUI	+0.0387%	1h	1.0516	+0.086%	$76.6M	$78.9M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0640% / S −0.0324%	1h	1.0507	−0.003%	$914K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0878%	1h	1.0474	−0.315%	$93K	$368K	10x	as long as short