Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0265%/8h= +29.0% APRpaid last 24h +0.011%

Price spread now: Kraken Futures against OKX+0.015%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$340.338% of the position

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 4 days (all we have)+0.015%+$1 · spread now +0.015%, 7d avg +0.050%

Together, before fees+0.123%+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.036% cheaper against OKX than usual: you would sell low and buy high (spread +0.015% now, against its 7-day average of +0.050%). If the spread goes back, that is −$4 on $10k: about 11 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.109% in total) that is about 2.3 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.109% in total (about 5.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SUI-USDT-SWAP	1.0174	0.0100	pay 0.0100% / 8h	1h 51m	$40.9M	$389.9M	50x
Short	Kraken Futures PF_SUIUSD	1.0175	0.0365	get 0.0046% / 1h	51m 07s	$6.8M	$25.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against OKX. 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 OKXbpFee Kraken FuturesbpOrdersPrice spread, now +0.015%Rate

Funding earned: $55.58
Price spread: +0.015% → +0.050%: −$3.55
Slippage, 4 orders: −$13.85
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $18.18
Costs to cover: 0.338%
Break-even: 4.7 days

Slippage from OKX: live order book, 3 min ago; Kraken Futures: 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 OKX live order book, 3 min ago	0.49 bp	6.3 bp −$6	15.4 bp −$154	53.0 bp −$5,299	doesn't fit
Sell Kraken Futures live order book, 3 min ago	1.96 bp	11.0 bp −$11	17.4 bp −$174	39.9 bp −$3,985	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	−0.3536%	1h	1.0119	−0.541%	$42K	$113K	12x	as long as short
Reya SUIRUSDPERP	−0.0379%	1h	1.0170	−0.039%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0184%	1h	1.0164	−0.096%	$5K	$21K	7x	as long as short
Bluefin SUI-PERP	−0.0011%	1h	1.0161	−0.128%	$583K	$430K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0156	−0.174%	$95K	$294K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0169	−0.049%	$376K	$4.9M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0176	+0.020%	$196K	$563K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0171	−0.026%	$115K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0175	+0.015%	$791K	$5.3M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0179	+0.050%	$297K	$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
Popdex SUIUSDT	+0.0096%	1h	1.0162	−0.118%	$34K	$547K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0174	0.000%	$47K	$208K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0155	−0.182%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0168	−0.059%	$537K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0172	−0.016%	$898K	$4.3M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0161	−0.128%	$217K	$264K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0174	−0.003%	$145.9M	$1.05B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0171	−0.033%	$100.0M	$320.5M	50x	as long as short
OKX SUI-USDT-SWAPlong	+0.0100%	8h	1.0174	long leg	$40.9M	$389.9M	50x
Arcus SUI-USD	+0.0100%	1h	1.0160	−0.138%	$43K	$329K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0165	−0.088%	$239K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0174	0.000%	$165.8M	$82.8M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0175	+0.010%	$151.8M	$290.7M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0174	0.000%	$49.7M	$53.5M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0171	−0.029%	$67.2M	$177.3M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0175	+0.010%	—	$84.8M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0176	+0.020%	$670K	$1.4M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0178	+0.037%	$2.4M	$3.5M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0172	−0.023%	$164K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0187	+0.128%	$442K	$7.5M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0167	−0.069%	$223K	$417K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0176	+0.020%	$131K	$646K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0175	+0.010%	$2K	$1.7M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0174	0.000%	$6K	$1.9M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0165	−0.088%	$622K	$19.2M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0173	−0.010%	$11.7M	$28.0M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0169	−0.052%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0178	+0.037%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0200%	1h	1.0166	−0.079%	$9K	$2K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0170	−0.039%	$7.6M	$24.8M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0280%	1h	1.0177	+0.029%	$1.0M	$15.0M	50x	as long as short
Kraken Futures PF_SUIUSDshort	+0.0365%	1h	1.0175	+0.015%	$6.8M	$25.0M	50x
Phoenix SUI	+0.0431%	1h	1.0203	+0.280%	$202K	$413K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0603% / S −0.0264%	1h	1.0172	−0.015%	$936K	—	100x	as long as short
Hyperliquid SUI	+0.0687%	1h	1.0190	+0.157%	$74.3M	$82.3M	10x	as long as short
Aftermath Perps SUIUSD	+0.1436%	1h	1.0187	+0.123%	$82K	$409K	10x	as long as short