Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0072%/8h= −7.8% APRpaid last 24h −0.014%

Price spread now: Bitget against Kraken Futures+0.069%7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$410.410% of the position

Long on Kraken Futures Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.123%−$12 on $10k

Price spread, last 4 days (all we have)−0.123%−$12 · spread now +0.069%, 7d avg −0.047%

Together, before fees−0.245%−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.115% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.069% now, against its 7-day average of −0.047%): +$12 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SUIUSD	1.0224	0.0172	pay 0.0021% / 1h	48m 48s	$6.7M	$24.7M	50x
Short	Bitget SUIUSDT	1.0231	0.0100	get 0.0100% / 8h	2h 48m	$66.7M	$175.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Kraken Futures. 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 Kraken FuturesbpFee BitgetbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$15.04
Price spread: +0.069% → −0.047%: $11.52
Slippage, 4 orders: −$19.03
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$44.55
Costs to cover: 0.410%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; Bitget: 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 Kraken Futures live order book, 5 min ago	2.44 bp	11.2 bp −$11	16.7 bp −$167	34.3 bp −$3,426	doesn't fit
Sell Bitget live order book, 5 min ago	0.98 bp	10.2 bp −$10	14.2 bp −$142	22.9 bp −$2,290	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	−0.3309%	1h	1.0051	−1.692%	$41K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0378%	1h	1.0226	+0.019%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0136%	1h	1.0220	−0.043%	$6K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0222	−0.018%	$128K	$227K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0229	+0.052%	$482K	$5.0M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0226	+0.020%	$199K	$571K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0225	+0.013%	$115K	—	150x	as long as short
Bluefin SUI-PERP	+0.0068%	1h	1.0211	−0.127%	$586K	$408K	25x	as long as short
01 Exchange SUIUSD	+0.0088%	1h	1.0224	0.000%	$9K	$3K	10x	as long as short
Lighter SUI	+0.0096%	1h	1.0244	+0.199%	$776K	$5.4M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SUI	+0.0096%	1h	1.0226	+0.023%	$303K	$2.2M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0225	+0.010%	$46K	$520K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0225	+0.010%	$47K	$189K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0228	+0.042%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0228	+0.044%	$578K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0234	+0.095%	$876K	$4.3M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0225	+0.011%	$221K	$254K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0237	+0.125%	$146.0M	$1.04B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0236	+0.115%	$100.9M	$309.9M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0235	+0.108%	$40.4M	$386.1M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0230	+0.059%	$43K	$330K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0226	+0.019%	$240K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0225	+0.010%	$167.8M	$82.7M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0226	+0.020%	$151.8M	$290.6M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0225	+0.010%	$50.2M	$53.9M	75x	as long as short
Bitget SUIUSDTshort	+0.0100%	8h	1.0231	+0.069%	$66.7M	$175.6M	75x
BingX SUI-USDT	+0.0100%	8h	1.0236	+0.117%	—	$82.4M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0221	−0.029%	$630K	$1.3M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0233	+0.085%	$2.4M	$3.4M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0221	−0.029%	$164K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0241	+0.164%	$442K	$7.5M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0230	+0.059%	$223K	$434K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0234	+0.098%	$137K	$733K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0240	+0.157%	$3K	$1.7M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0223	−0.010%	$14K	$2.0M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0217	−0.068%	$595K	$19.5M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0222	−0.020%	$11.7M	$27.4M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0224	−0.003%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0225	+0.008%	$39K	$11K	3x	as long as short
Kraken Futures PF_SUIUSDlong	+0.0172%	1h	1.0224	long leg	$6.7M	$24.7M	50x
BloFin SUI-USDT	+0.0220%	8h	1.0225	+0.010%	$7.6M	$24.5M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0247	+0.225%	$974K	$15.0M	50x	as long as short
Hyperliquid SUI	+0.0347%	1h	1.0244	+0.196%	$73.5M	$80.6M	10x	as long as short
Phoenix SUI	+0.0416%	1h	1.0246	+0.218%	$203K	$422K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0599% / S −0.0260%	1h	1.0225	+0.008%	$934K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1385%	1h	1.0231	+0.064%	$82K	$408K	10x	as long as short