Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Popdex against KuCoin0.000%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$460.457% of the position

Long on KuCoin Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.010%−$1 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now 0.000%, 7d avg −0.005%

Together, before fees−0.012%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SUIUSDTM	1.0383	0.0100	pay 0.0100% / 8h	6h 36m	$51.1M	$54.0M	75x
Short	Popdex SUIUSDT	1.0383	0.0096	get 0.0012% / 1h	36m 15s	$30K	$493K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$0.84
Price spread: 0.000% → −0.005%: $0.5
Slippage, 4 orders: −$27.26
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$46
Costs to cover: 0.457%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; Popdex: live order book, 33 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, 8 min ago	1.43 bp	13.4 bp −$13	31.5 bp −$315	126.9 bp −$12.7K	doesn't fit
Sell Popdex live order book, 33 min ago	2.83 bp	9.0 bp −$9	26.0 bp −$260	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	−0.4499%	1h	1.0211	−1.657%	$42K	$123K	12x	as long as short
Hibachi SUI/USDT-P	−0.0472%	1h	1.0340	−0.419%	$6K	$19K	7x	as long as short
Reya SUIRUSDPERP	−0.0372%	1h	1.0389	+0.058%	$4K	$3K	20x	as long as short
Bluefin SUI-PERP	−0.0184%	1h	1.0377	−0.058%	$594K	$419K	25x	as long as short
ApeX Omni SUIUSDT	−0.0171%	1h	1.0350	−0.318%	$236K	$506K	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0360	−0.218%	$94K	$171K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0377	−0.062%	$539K	$5.0M	2.5x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0390	+0.070%	$114K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0011%	1h	1.0391	+0.077%	$7.0M	$26.7M	50x	as long as short
01 Exchange SUIUSD	+0.0080%	1h	1.0386	+0.029%	$9K	$9K	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SUI	+0.0096%	1h	1.0393	+0.092%	$821K	$5.7M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0392	+0.087%	$275K	$2.1M	10x	as long as short
Popdex SUIUSDTshort	+0.0096%	1h	1.0383	0.000%	$30K	$493K	50x
Paradex SUI-USD-PERP	+0.0100%	8h	1.0397	+0.134%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0380	−0.024%	$756K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0384	+0.006%	$902K	$5.1M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0366	−0.161%	$225K	$268K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0391	+0.077%	$151.7M	$1.06B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0393	+0.099%	$103.2M	$314.5M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0388	+0.048%	$40.8M	$394.4M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0380	−0.029%	$44K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0354	−0.279%	$244K	$3K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0391	+0.077%	$164.1M	$83.7M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0390	+0.067%	$150.3M	$297.8M	300x	as long as short
KuCoin SUIUSDTMlong	+0.0100%	8h	1.0383	long leg	$51.1M	$54.0M	75x
Bitget SUIUSDT	+0.0100%	8h	1.0384	+0.010%	$67.4M	$173.6M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0391	+0.077%	—	$82.6M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0350	−0.318%	$673K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0392	+0.086%	$2.4M	$3.2M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0323	−0.581%	$168K	$4.7M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0349	−0.328%	$446K	$7.5M	10x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0394	+0.106%	$120K	$729K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0388	+0.048%	$47K	$268K	20x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0392	+0.087%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0389	+0.058%	$6K	$2.2M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0388	+0.048%	$666K	$19.7M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0386	+0.029%	$11.5M	$25.6M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0384	+0.014%	$1.4M	$4.0M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0393	+0.096%	$39K	$16K	3x	as long as short
Hyperliquid SUI	+0.0110%	1h	1.0400	+0.164%	$74.4M	$80.5M	10x	as long as short
Deribit SUI_USDC-PERPETUAL	+0.0135%	1h	1.0392	+0.087%	$202K	$580K	25x	as long as short
Coinbase International SUI-PERP-INTX	+0.0152%	1h	1.0399	+0.154%	$1.0M	$14.6M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0524	+1.358%	$8.0M	$25.7M	100x	as long as short
Phoenix SUI	+0.0221%	1h	1.0327	−0.537%	$205K	$595K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0621% / S −0.0275%	1h	1.0389	+0.053%	$974K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0942%	1h	1.0390	+0.071%	$78K	$382K	10x	as long as short