Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0316%/8h= +34.6% APRpaid last 24h +0.181%

Price spread now: Gate against Hibachi−0.071%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 Gate

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. Gate is 0.071% cheaper against Hibachi than usual: you would sell low and buy high (spread −0.071% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 18 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi SUI/USDT-P	1.0536	−0.0216	get 0.0027% / 1h	26m 22s	$6K	$19K	7x
Short	Gate SUI_USDT	1.0529	0.0100	get 0.0100% / 8h	5h 26m	$168.7M	$83.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.071%Rate

Funding earned: $66.36
Price spread: −0.071% → 0.000%: −$7.09
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $35.27
Costs to cover: 0.240%
Break-even: 3.3 days

Slippage unknown: Hibachi: no order-book sample; Gate: live order book, 3 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 Gate live order book, 3 min ago	1.43 bp	17.6 bp −$18	32.1 bp −$321	57.4 bp −$5,743	99.7 bp −$49.8K

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	−0.3542%	1h	1.0488	−0.460%	$43K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0374%	1h	1.0531	−0.055%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-Plong	−0.0216%	1h	1.0536	long leg	$6K	$19K	7x
dYdX SUI-USD	0.0000%	1h	1.0534	−0.024%	$96K	$169K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0550	+0.128%	$537K	$4.9M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0533	−0.033%	$205K	$575K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0528	−0.078%	$115K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0539	+0.029%	$839K	$5.6M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0540	+0.033%	$286K	$2.1M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0547	+0.100%	$37K	$503K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex SUI-USD-PERP	+0.0100%	8h	1.0535	−0.012%	$28K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0535	−0.009%	$725K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0541	+0.044%	$928K	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0537	+0.008%	$230K	$259K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0533	−0.036%	$154.1M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0529	−0.076%	$103.7M	$308.4M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0526	−0.099%	$41.5M	$389.1M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0550	+0.128%	$45K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0420	−1.110%	$245K	$4K	10x	as long as short
Gate SUI_USDTshort	+0.0100%	8h	1.0529	−0.071%	$168.7M	$83.2M	50x
MEXC SUI_USDT	+0.0100%	8h	1.0529	−0.071%	$152.6M	$293.7M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0548	+0.109%	$52.0M	$53.5M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0526	−0.099%	$69.0M	$168.8M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0531	−0.052%	—	$82.1M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0541	+0.043%	$701K	$1.3M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0530	−0.058%	$2.4M	$3.2M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0565	+0.270%	$172K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0520	−0.152%	$461K	$7.5M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0545	+0.081%	$239K	$469K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0551	+0.138%	$124K	$737K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0528	−0.080%	$48K	$236K	20x	as long as short
Bluefin SUI-PERP	+0.0100%	1h	1.0517	−0.185%	$602K	$406K	25x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0550	+0.128%	$3K	$1.8M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0531	−0.052%	$14K	$2.1M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0536	−0.004%	$603K	$19.6M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0532	−0.042%	$11.8M	$26.1M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0527	−0.088%	$1.5M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0533	−0.030%	$40K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0152%	1h	1.0552	+0.147%	$9K	$3K	10x	as long as short
Coinbase International SUI-PERP-INTX	+0.0176%	1h	1.0549	+0.119%	$994K	$15.0M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0536	−0.004%	$8.0M	$25.3M	100x	as long as short
Kraken Futures PF_SUIUSD	+0.0285%	1h	1.0531	−0.056%	$6.9M	$26.9M	50x	as long as short
Phoenix SUI	+0.0362%	1h	1.0537	+0.010%	$214K	$561K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0625% / S −0.0272%	1h	1.0527	−0.091%	$982K	—	100x	as long as short
Hyperliquid SUI	+0.0683%	1h	1.0542	+0.053%	$76.8M	$81.1M	10x	as long as short
Aftermath Perps SUIUSD	+0.1337%	1h	1.0524	−0.115%	$84K	$389K	10x	as long as short