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= −7.9% APRpaid last 24h −0.012%

Price spread now: Phemex against Kraken Futures−0.003%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$410.412% of the position

Long on Kraken Futures Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.163%−$16 on $10k

Price spread, last 4 days (all we have)−0.008%−$1 · spread now −0.003%, 7d avg −0.013%

Together, before fees−0.171%−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SUIUSD	1.0216	0.0172	pay 0.0021% / 1h	45m 13s	$6.7M	$24.7M	50x
Short	Phemex SUIUSDT	1.0216	0.0100	get 0.0100% / 8h	2h 45m	$11.7M	$27.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$15.07
Price spread: −0.003% → −0.013%: $0.99
Slippage, 4 orders: −$19.23
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$55.3
Costs to cover: 0.412%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; Phemex: live order book, 4 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, 4 min ago	2.44 bp	11.2 bp −$11	16.1 bp −$161	33.1 bp −$3,312	doesn't fit
Sell Phemex live order book, 4 min ago	0.98 bp	8.8 bp −$9	18.7 bp −$187	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	−0.3309%	1h	1.0121	−0.933%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0378%	1h	1.0222	+0.060%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0128%	1h	1.0214	−0.024%	$6K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0227	+0.106%	$128K	$227K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0224	+0.074%	$482K	$5.0M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0214	−0.023%	$198K	$563K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0216	−0.003%	$115K	—	150x	as long as short
Bluefin SUI-PERP	+0.0073%	1h	1.0200	−0.160%	$585K	$408K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0216	−0.004%	$774K	$5.4M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0221	+0.044%	$303K	$2.2M	10x	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	+0.0096%	1h	1.0222	+0.056%	$9K	$3K	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0224	+0.075%	$47K	$519K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0216	−0.003%	$47K	$191K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0229	+0.123%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0230	+0.139%	$579K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0218	+0.021%	$878K	$4.3M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0228	+0.119%	$221K	$254K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0218	+0.017%	$145.7M	$1.04B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0215	−0.008%	$100.7M	$309.7M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0217	+0.007%	$40.4M	$385.3M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0230	+0.134%	$43K	$330K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0226	+0.094%	$240K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0224	+0.075%	$167.8M	$82.8M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0228	+0.115%	$152.0M	$290.8M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0223	+0.066%	$50.2M	$53.8M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0210	−0.062%	$66.6M	$175.6M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0224	+0.075%	—	$82.4M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0217	+0.007%	$633K	$1.3M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0216	−0.006%	$2.4M	$3.4M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0227	+0.102%	$164K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0215	−0.013%	$440K	$7.5M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0226	+0.095%	$223K	$434K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0231	+0.144%	$137K	$730K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0239	+0.222%	$2K	$1.7M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0214	−0.023%	$14K	$2.0M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0215	−0.013%	$595K	$19.4M	75x	as long as short
Phemex SUIUSDTshort	+0.0100%	8h	1.0216	−0.003%	$11.7M	$27.4M	50x
Extended SUI-USD	+0.0104%	1h	1.0210	−0.059%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0218	+0.015%	$39K	$11K	3x	as long as short
Kraken Futures PF_SUIUSDlong	+0.0172%	1h	1.0216	long leg	$6.7M	$24.7M	50x
BloFin SUI-USDT	+0.0220%	8h	1.0217	+0.007%	$7.6M	$24.5M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0235	+0.183%	$974K	$15.0M	50x	as long as short
Hyperliquid SUI	+0.0343%	1h	1.0233	+0.163%	$73.4M	$80.6M	10x	as long as short
Phoenix SUI	+0.0416%	1h	1.0229	+0.125%	$203K	$422K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0600% / S −0.0260%	1h	1.0217	+0.008%	$934K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1385%	1h	1.0233	+0.164%	$82K	$407K	10x	as long as short