Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.012%

Price spread now: Aster against Deribit+0.011%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$350.355% of the position

Long on Deribit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.011%, 7d avg +0.003%

Together, before fees−0.031%+ Points / potential airdropAster: Stage 5 · farm board−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SUI_USDC-PERPETUAL	1.0261	0	get 0.0000% / 1h	27m 12s	$199K	$572K	25x
Short	Aster SUIUSDT	1.0262	0.0100	get 0.0100% / 8h	3h 27m	$886K	$4.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now +0.011%Rate

Funding earned: $21
Price spread: +0.011% → +0.003%: $0.8
Slippage, 4 orders: −$20.5
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$13.7
Costs to cover: 0.355%
Break-even: 11.6 days

Slippage from Deribit: live order book, 27 min ago; Aster: live order book, 1 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 Deribit live order book, 27 min ago	4.82 bp	9.3 bp −$9	16.2 bp −$162	doesn't fit	doesn't fit
Sell Aster live order book, 1 min ago	0.97 bp	10.0 bp −$10	22.4 bp −$224	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	1.0224	−0.361%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0377%	1h	1.0260	−0.013%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0200%	1h	1.0296	+0.338%	$6K	$19K	7x	as long as short
Kraken Futures PF_SUIUSD	−0.0067%	1h	1.0265	+0.041%	$6.7M	$26.7M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0261	0.000%	$129K	$227K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0256	−0.052%	$492K	$5.1M	2.5x	as long as short
Deribit SUI_USDC-PERPETUALlong	0.0000%	1h	1.0261	long leg	$199K	$572K	25x
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0261	0.000%	$115K	—	150x	as long as short
Bluefin SUI-PERP	+0.0046%	1h	1.0248	−0.127%	$588K	$407K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0266	+0.048%	$785K	$5.4M	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	1.0266	+0.053%	$306K	$2.2M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0262	+0.010%	$44K	$516K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0263	+0.024%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0259	−0.015%	$580K	$2.1M	10x	as long as short
Aster SUIUSDTshort	+0.0100%	8h	1.0262	+0.011%	$886K	$4.5M	75x
Pacifica SUI	+0.0100%	1h	1.0265	+0.038%	$222K	$254K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0263	+0.018%	$148.2M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0266	+0.044%	$101.0M	$308.1M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0261	0.000%	$40.2M	$384.4M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0260	−0.010%	$44K	$330K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0310	+0.478%	$242K	$5K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0261	0.000%	$166.7M	$81.8M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0266	+0.049%	$152.9M	$294.5M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0267	+0.058%	$50.2M	$54.1M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0258	−0.029%	$67.2M	$173.1M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0263	+0.019%	—	$82.1M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0258	−0.029%	$648K	$1.3M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0342	+0.786%	$2.5M	$3.4M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0302	+0.400%	$167K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0290	+0.283%	$444K	$7.6M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0336	+0.731%	$226K	$431K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0272	+0.107%	$123K	$735K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0261	0.000%	$47K	$165K	20x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0307	+0.448%	$2K	$1.7M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0263	+0.019%	$14K	$2.0M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0260	−0.010%	$585K	$19.5M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0265	+0.039%	$11.8M	$27.0M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0258	−0.029%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0260	−0.013%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0152%	1h	1.0264	+0.029%	$9K	$3K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0267	+0.058%	$7.8M	$24.6M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0271	+0.097%	$976K	$15.0M	50x	as long as short
Hyperliquid SUI	+0.0393%	1h	1.0273	+0.117%	$74.2M	$81.0M	10x	as long as short
Phoenix SUI	+0.0408%	1h	1.0313	+0.508%	$209K	$415K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0600% / S −0.0260%	1h	1.0261	−0.002%	$937K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1505%	1h	1.0304	+0.418%	$82K	$402K	10x	as long as short