Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0097%/8hpaid last 24h +0.029%

Price spread now: SunX against gTrade (Gains Network)+0.078%7-day average +0.120% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$535as in the Price arb table

costs, in and out, $10k−$5305.305% of the position

Long on gTrade (Gains Network)Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.088%+$9 on $10k

Price spread, last 3 days (all we have)+0.084%+$8 · spread now +0.078%, 7d avg +0.120%

Together, before fees+0.172%+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 0.042% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread +0.078% now, against its 7-day average of +0.120%). If the spread goes back, that is −$4 on $10k: about 35 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) SUI/USD	1.0193	L +0.0003% / S −0.0003%	pay 0.0000% / 1h	23m 28s	$119K	—	150x
Short	SunX SUI-USDT	1.0201	0.0100	get 0.0100% / 8h	4h 23m	$2K	$1.9M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee SunXbpOrdersPrice spread, now +0.078%Rate

Funding earned: $20.42
Price spread: +0.078% → +0.120%: −$4.24
Slippage, 4 orders: −$512.5
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$514.31
Costs to cover: 5.305%
Break-even: 183.3 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 9 min ago; SunX: live order book, 6 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 gTrade (Gains Network) virtual book (oracle venue), 9 min ago	130.05 bp	142.9 bp −$143	977.3 bp −$9,773	10438.8 bp −$1.04M	doesn't fit
Sell SunX live order book, 6 min ago	45.84 bp	128.3 bp −$128	doesn't fit	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	−0.3420%	1h	1.0054	−1.365%	$41K	$42K	12x	as long as short
Hibachi SUI/USDT-P	−0.0456%	1h	1.0191	−0.023%	$6K	$19K	7x	as long as short
Reya SUIRUSDPERP	−0.0364%	1h	1.0209	+0.152%	$4K	$3K	20x	as long as short
Bluefin SUI-PERP	−0.0162%	1h	1.0180	−0.129%	$582K	$411K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0217	+0.234%	$93K	$104K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0195	+0.018%	$486K	$5.6M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0194	+0.009%	$198K	$509K	25x	as long as short
gTrade (Gains Network) SUI/USDlong	L +0.0003% / S −0.0003%	1h	1.0193	long leg	$119K	—	150x
Orderly PERP_SUI_USDC	+0.0096%	8h	1.0188	−0.050%	$44K	$390K	20x	as long as short
Lighter SUI	+0.0096%	1h	1.0217	+0.231%	$801K	$5.8M	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	1.0219	+0.255%	$248K	$2.0M	10x	as long as short
01 Exchange SUIUSD	+0.0096%	1h	1.0223	+0.293%	$8K	$8K	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0217	+0.234%	$34K	$501K	50x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0193	+0.004%	$595K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0218	+0.244%	$1.0M	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0213	+0.196%	$224K	$252K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0211	+0.173%	$152.0M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0211	+0.174%	$105.1M	$305.2M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0208	+0.146%	$41.9M	$383.4M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0220	+0.264%	$45K	$197K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0127	−0.653%	$239K	−$0	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0216	+0.225%	$164.9M	$80.8M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0213	+0.195%	$153.3M	$285.2M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0216	+0.225%	$51.3M	$48.1M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0206	+0.127%	$70.1M	$169.7M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0217	+0.234%	—	$79.6M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0186	−0.070%	$658K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0134	−0.575%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0157	−0.357%	$165K	$4.4M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0199	+0.055%	$444K	$6.8M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0165	−0.276%	$243K	$449K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0217	+0.234%	$107K	$806K	10x	as long as short
SunX SUI-USDTshort	+0.0100%	8h	1.0201	+0.078%	$2K	$1.9M	30x
SoDEX SUI-USD	+0.0100%	1h	1.0180	−0.129%	$6K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0189	−0.040%	$633K	$18.9M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0185	−0.079%	$11.4M	$23.7M	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0212	+0.190%	$27K	$9K	30x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0214	+0.209%	$1.5M	$3.8M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0192	−0.010%	$48K	$38K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0216%	1h	1.0204	+0.107%	$1.0M	$14.1M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0189	−0.040%	$8.2M	$22.4M	100x	as long as short
Hyperliquid SUI	+0.0288%	1h	1.0223	+0.293%	$73.2M	$83.4M	10x	as long as short
Phoenix SUI	+0.0300%	1h	1.0156	−0.361%	$183K	$576K	10x	as long as short
Kraken Futures PF_SUIUSD	+0.0425%	1h	1.0186	−0.068%	$6.8M	$23.7M	50x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0587% / S −0.0223%	1h	1.0193	−0.001%	$737K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0812%	1h	1.0164	−0.282%	$121K	$352K	10x	as long as short