Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against KuCoin+0.079%50s7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$520.515% of the position

Long on KuCoin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.075%−$7 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now +0.079%, 7d avg +0.002%

Together, before fees−0.092%−$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.077% dearer against KuCoin than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.002%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SUIUSDTM	1.0132	0.0100	pay 0.0100% / 8h	6h 54m	$50.1M	$49.3M	75x
Short	Phemex SUIUSDT	1.0140	0.0100	get 0.0100% / 8h	6h 54m	$11.7M	$28.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against KuCoin. 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 KuCoinbpFee PhemexbpOrdersPrice spread, now +0.079%Rate

Funding earned: $0
Price spread: +0.079% → +0.002%: $7.65
Slippage, 4 orders: −$27.52
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$43.87
Costs to cover: 0.515%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Phemex: 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 KuCoin live order book, 5 min ago	1.96 bp	14.5 bp −$14	52.8 bp −$528	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	1.47 bp	9.6 bp −$10	26.9 bp −$269	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	−0.3772%	1h	1.0143	+0.109%	$42K	$113K	12x	as long as short
Bluefin SUI-PERP	−0.0604%	1h	1.0116	−0.158%	$582K	$439K	25x	as long as short
Hibachi SUI/USDT-P	−0.0584%	1h	1.0136	+0.037%	$5K	$17K	7x	as long as short
Reya SUIRUSDPERP	−0.0383%	1h	1.0123	−0.088%	$4K	$3K	20x	as long as short
01 Exchange SUIUSD	−0.0016%	1h	1.0120	−0.118%	$8K	$3K	10x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0104	−0.277%	$94K	$246K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0153	+0.207%	$373K	$3.9M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0140	+0.079%	$195K	$521K	25x	as long as short
Backpack SUI_USDC_PERP	+0.0001%	1h	1.0122	−0.099%	$664K	$1.3M	20x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0259	+1.254%	$116K	—	150x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SUIUSD	+0.0054%	1h	1.0135	+0.026%	$6.8M	$21.0M	50x	as long as short
Lighter SUI	+0.0096%	1h	1.0111	−0.208%	$749K	$4.6M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0113	−0.187%	$317K	$2.1M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0124	−0.079%	$53K	$523K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0106	−0.258%	$26K	$5K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0130	−0.022%	$667K	$2.0M	10x	as long as short
Hyperliquid SUI	+0.0100%	1h	1.0137	+0.049%	$73.0M	$72.8M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0129	−0.031%	$899K	$3.9M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0108	−0.241%	$215K	$214K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0129	−0.025%	$143.7M	$937.5M	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0128	−0.039%	$97.4M	$291.7M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0129	−0.030%	$40.7M	$342.6M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0120	−0.118%	$43K	$317K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0206	+0.730%	$234K	$7K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0127	−0.049%	$166.3M	$71.9M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0127	−0.049%	$92.9M	$271.3M	300x	as long as short
KuCoin SUIUSDTMlong	+0.0100%	8h	1.0132	long leg	$50.1M	$49.3M	75x
Bitget SUIUSDT	+0.0100%	8h	1.0125	−0.069%	$66.7M	$156.9M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0129	−0.030%	—	$6.5M	—	as long as short
Variational Omni SUI	+0.0100%	8h	1.0173	+0.400%	$2.4M	$3.1M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0201	+0.683%	$164K	$4.2M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0208	+0.749%	$438K	$6.9M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0208	+0.750%	$206K	$355K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0134	+0.020%	$122K	$509K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0131	−0.010%	$55K	$667K	20x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0144	+0.118%	$2K	$1.4M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0133	+0.010%	$6K	$1.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0139	+0.069%	$771K	$17.5M	75x	as long as short
Phemex SUIUSDTshort	+0.0100%	8h	1.0140	+0.079%	$11.7M	$28.5M	50x
Extended SUI-USD	+0.0104%	1h	1.0108	−0.240%	$1.5M	$3.9M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0126	−0.057%	$38K	$11K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0134	+0.020%	$7.5M	$24.0M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0320%	1h	1.0147	+0.148%	$1.0M	$12.7M	50x	as long as short
Phoenix SUI	+0.0426%	1h	1.0241	+1.081%	$204K	$340K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0609% / S −0.0269%	1h	1.0135	+0.026%	$945K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1009%	1h	1.0202	+0.689%	$80K	$416K	10x	as long as short