Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.016%

Price spread now: Paradex against Deribit−0.134%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.134% cheaper against Deribit than usual: you would sell low and buy high (spread −0.134% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 4.5 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SUI_USDC-PERPETUAL	1.0153	0	get 0.0000% / 1h	5m 17s	$195K	$554K	25x
Short	Paradex SUI-USD-PERP	1.0139	0.0100	get 0.0100% / 8h	5m 17s	$27K	$8K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.134%Rate

Funding earned: $21
Price spread: −0.134% → 0.000%: −$13.36
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$3.36
Costs to cover: 0.110%
Break-even: 8.1 days

Slippage unknown: Deribit: live order book, 33 min ago; Paradex: no order-book sample. 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 Deribit live order book, 33 min ago	5.42 bp	8.9 bp −$9	15.2 bp −$152	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.2780%	1h	1.0055	−0.965%	$41K	$113K	12x	as long as short
Reya SUIRUSDPERP	−0.0382%	1h	1.0150	−0.032%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0264%	1h	1.0140	−0.128%	$5K	$19K	7x	as long as short
Bluefin SUI-PERP	−0.0088%	1h	1.0143	−0.098%	$582K	$454K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0142	−0.112%	$95K	$257K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0152	−0.014%	$390K	$4.2M	2.5x	as long as short
Deribit SUI_USDC-PERPETUALlong	0.0000%	1h	1.0153	long leg	$195K	$554K	25x
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0151	−0.020%	$115K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0154	+0.015%	$750K	$5.1M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0157	+0.041%	$297K	$2.2M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex SUIUSDT	+0.0096%	1h	1.0155	+0.020%	$44K	$528K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0153	0.000%	$47K	$315K	20x	as long as short
Paradex SUI-USD-PERPshort	+0.0100%	8h	1.0139	−0.134%	$27K	$8K	30x
Nado SUI-PERP	+0.0100%	1h	1.0148	−0.044%	$675K	$2.2M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0152	−0.007%	$901K	$4.2M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0141	−0.117%	$216K	$252K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0152	−0.008%	$146.0M	$987.4M	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0151	−0.024%	$97.8M	$308.0M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0150	−0.030%	$40.9M	$366.5M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0160	+0.069%	$43K	$324K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0161	+0.078%	$233K	$7K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0149	−0.039%	$168.1M	$82.5M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0154	+0.010%	$106.9M	$292.4M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0157	+0.039%	$51.0M	$51.9M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0148	−0.049%	$67.0M	$167.4M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0154	+0.010%	—	$88.2M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0134	−0.187%	$667K	$1.3M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0138	−0.146%	$2.4M	$3.4M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0154	+0.012%	$163K	$4.2M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0154	+0.010%	$435K	$7.0M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0157	+0.039%	$205K	$371K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0161	+0.079%	$122K	$533K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0171	+0.177%	$2K	$1.6M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0153	0.000%	$6K	$1.7M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0144	−0.089%	$640K	$18.2M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0151	−0.020%	$11.7M	$28.2M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0147	−0.059%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0152	−0.010%	$39K	$11K	3x	as long as short
Kraken Futures PF_SUIUSD	+0.0119%	1h	1.0156	+0.026%	$6.8M	$21.6M	50x	as long as short
Hyperliquid SUI	+0.0125%	1h	1.0165	+0.122%	$73.3M	$77.5M	10x	as long as short
01 Exchange SUIUSD	+0.0136%	1h	1.0158	+0.049%	$8K	$3K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0155	+0.020%	$7.6M	$24.4M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0328%	1h	1.0174	+0.207%	$1.0M	$14.3M	50x	as long as short
Phoenix SUI	+0.0393%	1h	1.0168	+0.144%	$202K	$400K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0601% / S −0.0263%	1h	1.0151	−0.017%	$933K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1261%	1h	1.0160	+0.067%	$82K	$409K	10x	as long as short