Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.3516%/8h= −385.0% APRpaid last 24h −0.703%

Price spread now: Injective against MEXC−0.974%7-day average −0.244% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−2.078%−$208 on $10k

Price spread, last 3 days (all we have)+0.767%+$77 · spread now −0.974%, 7d avg −0.244%

Together, before fees−1.312%−$131 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$105 a day on $10k at the current rate, and Injective is 0.729% cheaper against MEXC than usual: you would sell low and buy high (−$73 if the spread goes back to its 7-day average of −0.244%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SUI_USDT	1.0374	0.0100	pay 0.0100% / 8h	7h 49m	$150.6M	$290.4M	300x
Short	Injective SUI/USDC PERP	1.0273	−0.3416	pay 0.0427% / 1h	49m 12s	$42K	$123K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against MEXC. 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 MEXCbpFee InjectivebpOrdersPrice spread, now −0.974%Rate

Funding earned: −$738.4
Price spread: −0.974% → −0.244%: −$72.93
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$811.35
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 10 min ago; Injective: live order book, 24 min ago. Net counts fees only.

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 MEXC live order book, 10 min ago	0.96 bp	1.7 bp −$2	4.7 bp −$47	31.1 bp −$3,115	97.8 bp −$48.9K
Sell Injective live order book, 24 min ago	48.37 bp	doesn't fit	doesn't fit	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 PERPshort	−0.3416%	1h	1.0273	−0.974%	$42K	$123K	12x
Hibachi SUI/USDT-P	−0.0376%	1h	1.0375	+0.010%	$6K	$19K	7x	as long as short
Reya SUIRUSDPERP	−0.0370%	1h	1.0373	−0.009%	$4K	$3K	20x	as long as short
Bluefin SUI-PERP	−0.0282%	1h	1.0360	−0.135%	$594K	$418K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0372	−0.016%	$95K	$176K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0368	−0.058%	$472K	$5.2M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0378	+0.039%	$202K	$585K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0376	+0.019%	$120K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0039%	1h	1.0380	+0.061%	$7.2M	$24.4M	50x	as long as short
01 Exchange SUIUSD	+0.0056%	1h	1.0379	+0.048%	$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	1.0378	+0.039%	$802K	$5.8M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0379	+0.047%	$269K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0376	+0.019%	$32K	$493K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0377	+0.029%	$46K	$324K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0373	−0.013%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0376	+0.019%	$655K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0378	+0.039%	$1.0M	$4.8M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0378	+0.042%	$225K	$258K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0379	+0.048%	$154.6M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0381	+0.067%	$104.0M	$308.7M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0379	+0.048%	$41.6M	$389.3M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0370	−0.039%	$46K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0387	+0.124%	$244K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0375	+0.010%	$167.2M	$80.2M	50x	as long as short
MEXC SUI_USDTlong	+0.0100%	8h	1.0374	long leg	$150.6M	$290.4M	300x
KuCoin SUIUSDTM	+0.0100%	8h	1.0371	−0.029%	$50.7M	$53.2M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0372	−0.019%	$68.3M	$167.8M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0376	+0.019%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0359	−0.145%	$671K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0369	−0.049%	$2.3M	$2.9M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0424	+0.478%	$169K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0420	+0.443%	$453K	$7.2M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0365	−0.087%	$238K	$450K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0383	+0.087%	$118K	$760K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0388	+0.135%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0378	+0.039%	$7K	$2.3M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0374	0.000%	$649K	$18.7M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0375	+0.010%	$11.6M	$25.0M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0374	+0.003%	$1.4M	$3.8M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0379	+0.044%	$39K	$16K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0200%	1h	1.0379	+0.048%	$996K	$14.2M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0371	−0.029%	$8.0M	$24.3M	100x	as long as short
Phoenix SUI	+0.0299%	1h	1.0440	+0.637%	$207K	$590K	10x	as long as short
Hyperliquid SUI	+0.0407%	1h	1.0390	+0.154%	$75.5M	$80.3M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0640% / S −0.0317%	1h	1.0375	+0.005%	$890K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0923%	1h	1.0400	+0.252%	$92K	$367K	10x	as long as short