Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0266%/8h= +29.1% APRpaid last 24h +0.015%

Price spread now: Kraken Futures against Gate+0.019%7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$500.503% of the position

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.145%+$14 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.019%, 7d avg +0.047%

Together, before fees+0.147%+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.028% cheaper against Gate than usual: you would sell low and buy high (spread +0.019% now, against its 7-day average of +0.047%). If the spread goes back, that is −$3 on $10k: about 8 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.145% in total) that is about 32 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.145% in total (about 7.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SUI_USDT	1.0146	0.0100	pay 0.0100% / 8h	1h 28m	$166.3M	$83.3M	50x
Short	Kraken Futures PF_SUIUSD	1.0148	0.0366	get 0.0046% / 1h	28m 56s	$6.8M	$22.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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 GatebpFee Kraken FuturesbpOrdersPrice spread, now +0.019%Rate

Funding earned: $55.79
Price spread: +0.019% → +0.047%: −$2.78
Slippage, 4 orders: −$25.31
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $2.7
Costs to cover: 0.503%
Break-even: 6.7 days

Slippage from Gate: live order book, 5 min ago; Kraken Futures: live order book, 5 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 Gate live order book, 5 min ago	0.99 bp	13.5 bp −$13	18.5 bp −$185	41.3 bp −$4,134	76.0 bp −$38.0K
Sell Kraken Futures live order book, 5 min ago	1.98 bp	10.4 bp −$10	13.6 bp −$136	38.1 bp −$3,815	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	−0.3536%	1h	1.0009	−1.350%	$41K	$113K	12x	as long as short
Reya SUIRUSDPERP	−0.0380%	1h	1.0143	−0.029%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0208%	1h	1.0130	−0.162%	$5K	$21K	7x	as long as short
Bluefin SUI-PERP	−0.0067%	1h	1.0137	−0.089%	$581K	$425K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0131	−0.146%	$95K	$294K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0158	+0.119%	$373K	$4.9M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0149	+0.030%	$195K	$563K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0134	−0.122%	$114K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0149	+0.027%	$790K	$5.3M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0152	+0.063%	$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	1.0165	+0.187%	$37K	$521K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0152	+0.059%	$47K	$214K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0163	+0.172%	$27K	$8K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0153	+0.074%	$536K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0148	+0.024%	$896K	$4.3M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0158	+0.118%	$217K	$260K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0147	+0.010%	$145.2M	$1.02B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0140	−0.058%	$98.6M	$315.1M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0143	−0.030%	$41.0M	$377.7M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0170	+0.237%	$43K	$328K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0119	−0.265%	$238K	$2K	10x	as long as short
Gate SUI_USDTlong	+0.0100%	8h	1.0146	long leg	$166.3M	$83.3M	50x
MEXC SUI_USDT	+0.0100%	8h	1.0145	−0.010%	$151.5M	$291.8M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0145	−0.010%	$49.9M	$52.9M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0139	−0.069%	$66.8M	$172.8M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0147	+0.010%	—	$87.4M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0142	−0.039%	$668K	$1.3M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0133	−0.131%	$2.4M	$3.5M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0129	−0.166%	$163K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0135	−0.108%	$439K	$7.4M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0115	−0.306%	$222K	$393K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0164	+0.177%	$126K	$672K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0162	+0.158%	$2K	$1.6M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0147	+0.010%	$6K	$1.8M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0149	+0.030%	$619K	$18.6M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0150	+0.039%	$11.7M	$28.1M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0141	−0.049%	$1.4M	$4.0M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0152	+0.063%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0192%	1h	1.0168	+0.217%	$9K	$2K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0147	+0.010%	$7.6M	$24.5M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0280%	1h	1.0160	+0.138%	$1.0M	$14.7M	50x	as long as short
Kraken Futures PF_SUIUSDshort	+0.0366%	1h	1.0148	+0.019%	$6.8M	$22.5M	50x
Phoenix SUI	+0.0431%	1h	1.0114	−0.313%	$200K	$413K	10x	as long as short
Hyperliquid SUI	+0.0454%	1h	1.0153	+0.069%	$73.0M	$81.7M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0600% / S −0.0263%	1h	1.0133	−0.130%	$931K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1383%	1h	1.0136	−0.095%	$82K	$410K	10x	as long as short