Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0604%/8h= +66.1% APRpaid last 24h +0.178%

Price spread now: Bitget against Hibachi−0.185%7-day average — · you buy dearer than you sell

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

Long on Hibachi Short on Bitget

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

Funding pays, the price is against you. Bitget is 0.185% cheaper against Hibachi than usual: you would sell low and buy high (spread −0.185% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 25 hours of funding at the current rate (+$18 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi SUI/USDT-P	1.0274	−0.0504	get 0.0063% / 1h	31m 04s	$6K	$19K	7x
Short	Bitget SUIUSDT	1.0255	0.0100	get 0.0100% / 8h	3h 31m	$67.4M	$172.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Hibachi. 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 HibachibpFee BitgetbpOrdersPrice spread, now −0.185%Rate

Funding earned: $126.84
Price spread: −0.185% → 0.000%: −$18.52
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: $87.32
Costs to cover: 0.210%
Break-even: 2.2 days

Slippage unknown: Hibachi: no order-book sample; Bitget: live order book, 4 min ago. 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 Hibachi no order-book sample	—	—	—	—	—
Sell Bitget live order book, 4 min ago	0.98 bp	9.7 bp −$10	17.2 bp −$172	27.0 bp −$2,704	doesn't fit

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 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	−0.3656%	1h	1.0187	−0.847%	$42K	$42K	12x	as long as short
Hibachi SUI/USDT-Plong	−0.0504%	1h	1.0274	long leg	$6K	$19K	7x
Reya SUIRUSDPERP	−0.0365%	1h	1.0254	−0.190%	$4K	$3K	20x	as long as short
Kraken Futures PF_SUIUSD	−0.0154%	1h	1.0260	−0.134%	$6.9M	$24.0M	50x	as long as short
Bluefin SUI-PERP	−0.0032%	1h	1.0246	−0.273%	$587K	$413K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0266	−0.081%	$94K	$88K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0268	−0.063%	$462K	$5.6M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0260	−0.136%	$198K	$516K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0258	−0.152%	$119K	—	150x	as long as short
01 Exchange SUIUSD	+0.0048%	1h	1.0259	−0.146%	$8K	$8K	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SUI	+0.0096%	1h	1.0255	−0.185%	$774K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0259	−0.146%	$247K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0254	−0.195%	$33K	$507K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0097%	8h	1.0255	−0.185%	$45K	$385K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0262	−0.121%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0259	−0.146%	$599K	$1.4M	10x	as long as short
Hyperliquid SUI	+0.0100%	1h	1.0265	−0.088%	$73.3M	$83.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0261	−0.122%	$1.0M	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0266	−0.081%	$223K	$263K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0258	−0.156%	$152.3M	$1.04B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0259	−0.146%	$105.4M	$308.7M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0257	−0.166%	$41.4M	$389.3M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0260	−0.136%	$148K	$300K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0258	−0.156%	$165.4M	$81.5M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0254	−0.195%	$148.2M	$295.2M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0255	−0.185%	$52.3M	$50.5M	75x	as long as short
Bitget SUIUSDTshort	+0.0100%	8h	1.0255	−0.185%	$67.4M	$172.0M	75x
BingX SUI-USDT	+0.0100%	8h	1.0258	−0.156%	—	$80.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0257	−0.166%	$645K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0297	+0.220%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0264	−0.099%	$166K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0283	+0.087%	$450K	$7.1M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0267	−0.068%	$247K	$435K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0263	−0.107%	$107K	$818K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0273	−0.010%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0255	−0.185%	$7K	$2.5M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0252	−0.214%	$628K	$19.2M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0256	−0.175%	$11.4M	$24.0M	50x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0277	+0.029%	$242K	$2K	10x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0258	−0.159%	$1.5M	$3.7M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0260	−0.132%	$48K	$38K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0216%	1h	1.0266	−0.078%	$988K	$14.3M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0254	−0.195%	$8.1M	$24.0M	100x	as long as short
Phoenix SUI	+0.0270%	1h	1.0309	+0.336%	$186K	$581K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0629% / S −0.0300%	1h	1.0257	−0.164%	$879K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0897%	1h	1.0282	+0.080%	$93K	$398K	10x	as long as short