Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.006%

Price spread now: SunX against Deribit+0.116%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1311.314% of the position

Long on Deribit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 3 days (all we have)−0.026%−$3 · spread now +0.116%, 7d avg +0.074%

Together, before fees−0.009%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SunX is 0.042% dearer against Deribit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SUI_USDC-PERPETUAL	1.0362	0	get 0.0000% / 1h	15m 08s	$201K	$578K	25x
Short	SunX SUI-USDT	1.0374	0.0100	get 0.0100% / 8h	6h 15m	$2K	$1.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.116%Rate

Funding earned: $21
Price spread: +0.116% → +0.074%: $4.18
Slippage, 4 orders: −$116.42
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$106.24
Costs to cover: 1.314%
Break-even: 42.4 days

Slippage from Deribit: live order book, 54 min ago; SunX: live order book, 11 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, 54 min ago	3.25 bp	11.3 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	30.28 bp	68.4 bp −$68	doesn't fit	doesn't fit	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	−0.4499%	1h	1.0250	−1.081%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0373%	1h	1.0360	−0.021%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0352%	1h	1.0351	−0.104%	$6K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0364	+0.020%	$94K	$171K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0375	+0.123%	$507K	$5.1M	2.5x	as long as short
Deribit SUI_USDC-PERPETUALlong	0.0000%	1h	1.0362	long leg	$201K	$578K	25x
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0363	+0.006%	$113K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0012%	1h	1.0365	+0.034%	$6.8M	$27.0M	50x	as long as short
Bluefin SUI-PERP	+0.0068%	1h	1.0352	−0.097%	$592K	$416K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0368	+0.057%	$819K	$5.7M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SUI	+0.0096%	1h	1.0367	+0.044%	$276K	$2.1M	10x	as long as short
01 Exchange SUIUSD	+0.0096%	1h	1.0370	+0.077%	$9K	$3K	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0365	+0.029%	$31K	$494K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0364	+0.017%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0360	−0.014%	$750K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0363	+0.013%	$910K	$4.9M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0365	+0.027%	$226K	$269K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0363	+0.010%	$151.2M	$1.05B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0361	−0.008%	$102.7M	$312.2M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0360	−0.019%	$40.9M	$390.3M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0370	+0.077%	$44K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0361	−0.014%	$244K	$4K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0359	−0.029%	$164.0M	$84.4M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0359	−0.029%	$149.8M	$300.4M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0364	+0.019%	$51.7M	$53.7M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0357	−0.048%	$67.3M	$171.4M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0360	−0.019%	—	$82.4M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0359	−0.029%	$691K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0370	+0.073%	$2.4M	$3.2M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0366	+0.040%	$169K	$4.7M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0373	+0.106%	$450K	$7.4M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0374	+0.116%	$237K	$501K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0373	+0.106%	$120K	$722K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0363	+0.010%	$47K	$248K	20x	as long as short
SunX SUI-USDTshort	+0.0100%	8h	1.0374	+0.116%	$2K	$1.8M	30x
SoDEX SUI-USD	+0.0100%	1h	1.0363	+0.010%	$7K	$2.2M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0361	−0.010%	$644K	$19.7M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0366	+0.039%	$11.6M	$25.8M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0360	−0.020%	$1.5M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0365	+0.029%	$39K	$16K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0152%	1h	1.0363	+0.010%	$993K	$14.6M	50x	as long as short
Hyperliquid SUI	+0.0181%	1h	1.0374	+0.116%	$74.4M	$80.7M	10x	as long as short
Phoenix SUI	+0.0221%	1h	1.0378	+0.155%	$206K	$595K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0626% / S −0.0278%	1h	1.0360	−0.021%	$978K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1048%	1h	1.0376	+0.137%	$80K	$381K	10x	as long as short