Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter RH against HTX+0.032%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$450.454% of the position

Long on HTX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 3 days (all we have)−0.039%−$4 · spread now +0.032%, 7d avg +0.021%

Together, before fees−0.103%+ Points / potential airdropLighter RH: Points live · farm board−$10 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SUI-USDT	1.0634	0.0100	pay 0.0100% / 8h	7h 02m	$661K	$19.3M	75x
Short	Lighter RH SUI	1.0637	0.0096	get 0.0012% / 1h	2m 52s	$287K	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against HTX. 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 HTXbpFee Lighter RHbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$0.84
Price spread: +0.032% → +0.021%: $1.07
Slippage, 4 orders: −$33.41
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$45.18
Costs to cover: 0.454%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; Lighter RH: 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 HTX live order book, 1 min ago	2.81 bp	25.3 bp −$25	52.0 bp −$520	66.0 bp −$6,597	doesn't fit
Sell Lighter RH live order book, 5 min ago	1.95 bp	2.8 bp −$3	11.1 bp −$111	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	−0.3416%	1h	1.0537	−0.912%	$43K	$123K	12x	as long as short
Hibachi SUI/USDT-P	−0.0496%	1h	1.0723	+0.833%	$6K	$18K	7x	as long as short
Bluefin SUI-PERP	−0.0455%	1h	1.0622	−0.113%	$610K	$416K	25x	as long as short
Reya SUIRUSDPERP	−0.0371%	1h	1.0618	−0.147%	$4K	$3K	20x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0631	−0.028%	$97K	$171K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0631	−0.025%	$585K	$4.9M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0641	+0.066%	$207K	$580K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0639	+0.043%	$114K	—	150x	as long as short
Phemex SUIUSDT	+0.0007%	8h	1.0623	−0.103%	$11.9M	$25.3M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0038%	1h	1.0633	−0.007%	$7.2M	$24.3M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SUIUSD	+0.0040%	1h	1.0625	−0.085%	$9K	$9K	10x	as long as short
Lighter SUI	+0.0096%	1h	1.0630	−0.036%	$829K	$5.9M	10x	as long as short
Lighter RH SUIshort	+0.0096%	1h	1.0637	+0.032%	$287K	$2.1M	10x
Popdex SUIUSDT	+0.0096%	1h	1.0628	−0.056%	$34K	$478K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0099%	8h	1.0632	−0.019%	$50K	$308K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0696	+0.584%	$28K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0628	−0.056%	$697K	$1.5M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0653	+0.179%	$1.0M	$4.8M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0630	−0.039%	$232K	$259K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0647	+0.122%	$156.8M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0646	+0.113%	$105.9M	$308.3M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0644	+0.094%	$42.3M	$398.7M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0620	−0.132%	$47K	$380K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0760	+1.189%	$253K	$3K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0649	+0.141%	$173.3M	$84.4M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0654	+0.188%	$154.6M	$304.1M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0643	+0.085%	$51.7M	$53.3M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0643	+0.085%	$69.5M	$169.7M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0650	+0.150%	—	$82.2M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0642	+0.075%	$665K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0709	+0.701%	$2.4M	$3.2M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0747	+1.061%	$176K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0702	+0.637%	$464K	$7.5M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0704	+0.658%	$238K	$491K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0638	+0.038%	$123K	$744K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0635	+0.009%	$2K	$1.8M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0635	+0.009%	$6K	$2.2M	10x	as long as short
HTX SUI-USDTlong	+0.0100%	8h	1.0634	long leg	$661K	$19.3M	75x
Extended SUI-USD	+0.0104%	1h	1.0640	+0.053%	$1.5M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0640	+0.061%	$40K	$16K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0200%	1h	1.0643	+0.085%	$1.0M	$14.9M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0632	−0.019%	$8.2M	$25.8M	100x	as long as short
Phoenix SUI	+0.0299%	1h	1.0721	+0.821%	$212K	$590K	10x	as long as short
Hyperliquid SUI	+0.0430%	1h	1.0661	+0.254%	$77.0M	$79.7M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0639% / S −0.0332%	1h	1.0635	+0.007%	$940K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0864%	1h	1.0716	+0.773%	$79K	$379K	10x	as long as short