Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0142%/8h= +15.6% APRpaid last 24h −0.023%

Price spread now: HTX against Kraken Futures−0.114%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$400.402% of the position

Long on Kraken Futures Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 4 days (all we have)+0.096%+$10 · spread now −0.114%, 7d avg −0.014%

Together, before fees+0.027%+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 0.100% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.114% now, against its 7-day average of −0.014%). If the spread goes back, that is −$10 on $10k: about 2.3 days of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.068%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SUIUSD	1.0149	−0.0042	get 0.0005% / 1h	44m 02s	$6.9M	$19.6M	50x
Short	HTX SUI-USDT	1.0137	0.0100	get 0.0100% / 8h	5h 44m	$748K	$16.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.114%Rate

Funding earned: $29.85
Price spread: −0.114% → −0.014%: −$10
Slippage, 4 orders: −$18.19
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$20.34
Costs to cover: 0.402%
Break-even: 11.8 days

Slippage from Kraken Futures: live order book, 3 min ago; HTX: live order book, 3 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, 3 min ago	1.48 bp	9.8 bp −$10	14.2 bp −$142	32.3 bp −$3,226	doesn't fit
Sell HTX live order book, 3 min ago	2.46 bp	9.2 bp −$9	13.6 bp −$136	30.5 bp −$3,047	doesn't fit

SUI on 46 exchanges

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	−0.3324%	1h	1.0075	−0.725%	$41K	$113K	12x	as long as short
Hibachi SUI/USDT-P	−0.0400%	1h	1.0128	−0.207%	$5K	$16K	7x	as long as short
Reya SUIRUSDPERP	−0.0385%	1h	1.0128	−0.207%	$4K	$3K	20x	as long as short
Bluefin SUI-PERP	−0.0222%	1h	1.0129	−0.193%	$583K	$406K	25x	as long as short
Kraken Futures PF_SUIUSDlong	−0.0042%	1h	1.0149	long leg	$6.9M	$19.6M	50x
dYdX SUI-USD	0.0000%	1h	1.0130	−0.184%	$95K	$241K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0139	−0.095%	$377K	$3.7M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0144	−0.045%	$193K	$500K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0136	−0.127%	$115K	—	150x	as long as short
01 Exchange SUIUSD	+0.0024%	1h	1.0132	−0.164%	$8K	$3K	10x	as long as short

Show all 46 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SUI	+0.0096%	1h	1.0144	−0.047%	$737K	$4.5M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0147	−0.020%	$326K	$2.1M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0131	−0.173%	$55K	$516K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0099%	8h	1.0140	−0.085%	$55K	$700K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0127	−0.210%	$26K	$2K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0131	−0.178%	$658K	$2.0M	10x	as long as short
Hyperliquid SUI	+0.0100%	1h	1.0156	+0.073%	$72.7M	$66.2M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0147	−0.016%	$903K	$3.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0134	−0.148%	$216K	$207K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0146	−0.027%	$143.3M	$867.7M	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0143	−0.055%	$97.0M	$267.1M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0144	−0.045%	$41.0M	$313.9M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0130	−0.183%	$44K	$311K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0148	−0.009%	$232K	$8K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0145	−0.035%	$167.7M	$67.7M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0145	−0.035%	$95.9M	$246.1M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0148	−0.006%	$50.3M	$45.6M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0141	−0.075%	$66.5M	$139.8M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0145	−0.035%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0147	−0.016%	$649K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0142	−0.066%	$2.4M	$2.7M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0144	−0.046%	$163K	$3.8M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0146	−0.021%	$439K	$6.7M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0145	−0.035%	$203K	$385K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0133	−0.154%	$120K	$478K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0146	−0.026%	$2K	$1.3M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0143	−0.055%	$6K	$1.4M	10x	as long as short
HTX SUI-USDTshort	+0.0100%	8h	1.0137	−0.114%	$748K	$16.6M	75x
Phemex SUIUSDT	+0.0100%	8h	1.0145	−0.035%	$11.7M	$28.2M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0141	−0.074%	$1.5M	$3.5M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0145	−0.039%	$39K	$11K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0135	−0.134%	$7.5M	$22.4M	100x	as long as short
Phoenix SUI	+0.0250%	1h	1.0146	−0.026%	$202K	$318K	10x	as long as short
Coinbase International SUI-PERP-INTX	+0.0312%	1h	1.0170	+0.211%	$1.0M	$11.1M	50x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0607% / S −0.0268%	1h	1.0132	−0.160%	$945K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0878%	1h	1.0151	+0.022%	$92K	$417K	10x	as long as short