Settings8H · net · $10k
Funding arb · Price arb /

SUI

all SUI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0406%/8h= +44.5% APRnext payment +$0.51 per $10,000 · paid last 24h +0.137%
Price spread now: Hyperliquid against gTrade (Gains Network)+0.182%7-day average +0.110% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$291as in the Price arb table
costs, in and out, $10k−$2982.977% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.265%+$26 on $10k
Price spread, last 3 days (all we have)−0.059%−$6 · spread now +0.182%, 7d avg +0.110%
Together, before fees+0.205%+ Points / potential airdropHyperliquid: Season 2 · farm board+$21 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Hyperliquid is 0.072% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.110%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) SUI/USD1.0531L +0.0003% / S −0.0002%pay 0.0000% / 1h30m 22s$121K150x
ShortHyperliquid SUI1.05500.0409get 0.0051% / 1h30m 22s$76.8M$79.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against gTrade (Gains Network). 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

Funding earned
$85.35
Price spread: +0.182% → +0.110%
$7.2
Slippage, 4 orders
−$278.72
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$205.17
Costs to cover
2.977%
Break-even
23.8 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 44 min ago; Hyperliquid: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) virtual book (oracle venue), 44 min ago130.07 bp142.9 bp −$143977.3 bp −$9,77310438.7 bp −$1.04Mdoesn't fit
Sell Hyperliquid live order book, 3 min ago0.95 bp10.1 bp −$1016.2 bp −$162doesn't fitdoesn't fit

SUI on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SUI/USDC PERP−0.3416%1h1.0330−1.907%$42K$123K12xas long as short
Bluefin SUI-PERP−0.0628%1h1.0516−0.141%$604K$409K25xas long as short
Hibachi SUI/USDT-P−0.0432%1h1.0492−0.366%$6K$18K7xas long as short
Reya SUIRUSDPERP−0.0371%1h1.0527−0.036%$4K$3K20xas long as short
Phemex SUIUSDT−0.0106%8h1.0497−0.321%$11.8M$25.1M50xas long as short
dYdX SUI-USD0.0000%1h1.0539+0.077%$97K$169K10xas long as short
Kalshi KXSUIPERP0.0000%8h1.0506−0.235%$482K$5.0M2.5xas long as short
gTrade (Gains Network) SUI/USDlongL +0.0003% / S −0.0002%1h1.0531long leg$121K150x
Kraken Futures PF_SUIUSD+0.0038%1h1.0539+0.078%$7.3M$23.8M50xas long as short
01 Exchange SUIUSD+0.0080%1h1.0540+0.087%$9K$9K10xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter SUI+0.0096%1h1.0540+0.084%$817K$5.8M10xas long as short
Lighter RH SUI+0.0096%1h1.0532+0.013%$274K$2.0M10xas long as short
Popdex SUIUSDT+0.0096%1h1.0533+0.021%$29K$485K50xas long as short
Orderly PERP_SUI_USDC+0.0100%8h1.0529−0.017%$47K$313K20xas long as short
Paradex SUI-USD-PERP+0.0100%8h1.0539+0.078%$28K$9K30xas long as short
Nado SUI-PERP+0.0100%1h1.0541+0.102%$669K$1.4M10xas long as short
Aster SUIUSDT+0.0100%8h1.0537+0.055%$1.0M$4.8M75xas long as short
Pacifica SUI+0.0100%1h1.0539+0.082%$229K$256K10xas long as short
Binance SUIUSDT+0.0100%8h1.0532+0.011%$156.6M$1.02B75xas long as short
Bybit SUIUSDT+0.0100%8h1.0531+0.002%$105.8M$304.7M50xas long as short
OKX SUI-USDT-SWAP+0.0100%8h1.0529−0.017%$42.2M$387.7M50xas long as short
Arcus SUI-USD+0.0100%1h1.0530−0.008%$47K$387K10xas long as short
Bulk SUI-USD+0.0100%1h1.0450−0.771%$246K$81310xas long as short
Gate SUI_USDT+0.0100%8h1.0529−0.017%$170.2M$80.9M50xas long as short
MEXC SUI_USDT+0.0100%8h1.0532+0.011%$154.7M$293.9M300xas long as short
KuCoin SUIUSDTM+0.0100%8h1.0531+0.002%$51.4M$52.8M75xas long as short
Bitget SUIUSDT+0.0100%8h1.0527−0.036%$69.3M$165.4M75xas long as short
BingX SUI-USDT+0.0100%8h1.0527−0.036%$81.5Mas long as short
Backpack SUI_USDC_PERP+0.0100%1h1.0506−0.235%$679K$1.1M20xas long as short
Variational Omni SUI+0.0100%8h1.0491−0.379%$2.4M$2.9Mas long as short
edgeX SUIUSDC+0.0100%4h1.0495−0.339%$171K$4.5M20xas long as short
GRVT SUI_USDT_Perp+0.0100%8h1.0526−0.050%$458K$7.4M10xas long as short
ApeX Omni SUIUSDT+0.0100%1h1.0504−0.254%$241K$479K50xas long as short
Polymarket Perps SUI-USD+0.0100%1h1.0543+0.116%$120K$755K10xas long as short
SunX SUI-USDT+0.0100%8h1.0547+0.154%$2K$1.9M30xas long as short
SoDEX SUI-USD+0.0100%1h1.0532+0.011%$6K$2.3M10xas long as short
HTX SUI-USDT+0.0100%8h1.0494−0.349%$646K$18.5M75xas long as short
Extended SUI-USD+0.0104%1h1.0528−0.024%$1.5M$3.9M50xas long as short
Aevo SUI-PERP+0.0104%1h1.0536+0.049%$40K$16K3xas long as short
Coinbase International SUI-PERP-INTX+0.0200%1h1.0501−0.283%$994K$14.4M50xas long as short
BloFin SUI-USDT+0.0220%8h1.0492−0.368%$8.1M$24.6M100xas long as short
Phoenix SUI+0.0299%1h1.0513−0.172%$208K$590K10xas long as short
Hyperliquid SUIshort+0.0409%1h1.0550+0.182%$76.8M$79.0M10x
GMX SUI/USD [ETH-USDC]L +0.0641% / S −0.0324%1h1.0530−0.005%$916K100xas long as short
Deribit SUI_USDC-PERPETUAL+0.0889%1h1.0543+0.116%$205K$583K25xas long as short
Aftermath Perps SUIUSD+0.0913%1h1.0497−0.322%$94K$368K10xas long as short