Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0476%/8h= −52.1% APRpaid last 24h −0.185%

Price spread now: Hibachi against Gate+0.064%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

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

The price spread pays, funding is against you. Hibachi is 0.064% dearer against Gate than usual: you sell high and buy low (spread +0.064% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SUI_USDT	1.0352	0.0100	pay 0.0100% / 8h	6h 17m	$163.8M	$84.4M	50x
Short	Hibachi SUI/USDT-P	1.0359	−0.0376	pay 0.0047% / 1h	17m 25s	$6K	$19K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpFee HibachibpOrdersPrice spread, now +0.064%Rate

Funding earned: −$99.96
Price spread: +0.064% → 0.000%: $6.36
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$117.6
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 2 min ago; Hibachi: 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 Gate live order book, 2 min ago	0.96 bp	14.3 bp −$14	26.9 bp −$269	44.5 bp −$4,451	77.9 bp −$39.0K
Sell Hibachi no order-book sample	—	—	—	—	—

Hibachi: 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 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	1.0236	−1.121%	$42K	$123K	12x	as long as short
Hibachi SUI/USDT-Pshort	−0.0376%	1h	1.0359	+0.064%	$6K	$19K	7x
Reya SUIRUSDPERP	−0.0373%	1h	1.0347	−0.046%	$4K	$3K	20x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0351	−0.007%	$94K	$171K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0380	+0.269%	$507K	$5.1M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0381	+0.280%	$202K	$578K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0351	−0.008%	$113K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0012%	1h	1.0384	+0.306%	$6.8M	$27.0M	50x	as long as short
Bluefin SUI-PERP	+0.0075%	1h	1.0366	+0.135%	$593K	$416K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0357	+0.052%	$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	1.0355	+0.025%	$276K	$2.1M	10x	as long as short
01 Exchange SUIUSD	+0.0096%	1h	1.0350	−0.019%	$9K	$3K	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0347	−0.048%	$31K	$494K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0352	+0.004%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0354	+0.019%	$749K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0350	−0.019%	$909K	$5.0M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0354	+0.022%	$226K	$269K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0348	−0.039%	$151.3M	$1.05B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0351	−0.014%	$102.6M	$312.6M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0349	−0.029%	$40.9M	$390.3M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0360	+0.077%	$44K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0400	+0.464%	$245K	$3K	10x	as long as short
Gate SUI_USDTlong	+0.0100%	8h	1.0352	long leg	$163.8M	$84.4M	50x
MEXC SUI_USDT	+0.0100%	8h	1.0353	+0.010%	$150.1M	$300.3M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0349	−0.029%	$51.6M	$53.7M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0346	−0.058%	$67.3M	$171.5M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0351	−0.010%	—	$82.4M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0358	+0.058%	$691K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0378	+0.247%	$2.4M	$3.2M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0366	+0.137%	$169K	$4.7M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0373	+0.202%	$450K	$7.4M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0374	+0.213%	$237K	$501K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0360	+0.077%	$119K	$722K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0376	+0.232%	$47K	$249K	20x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0390	+0.367%	$2K	$1.8M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0380	+0.270%	$7K	$2.2M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0378	+0.251%	$645K	$19.8M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0375	+0.222%	$11.6M	$25.8M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0346	−0.055%	$1.5M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0384	+0.312%	$39K	$16K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0152%	1h	1.0392	+0.386%	$997K	$14.6M	50x	as long as short
Hyperliquid SUI	+0.0162%	1h	1.0360	+0.073%	$74.2M	$80.6M	10x	as long as short
Phoenix SUI	+0.0221%	1h	1.0410	+0.561%	$206K	$595K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0614% / S −0.0271%	1h	1.0380	+0.272%	$964K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1053%	1h	1.0370	+0.176%	$80K	$381K	10x	as long as short