Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0252%/8h= −27.6% APRpaid last 24h −0.182%

Price spread now: Hibachi against Orderly+0.106%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds both histories

The price spread pays, funding is against you. Hibachi is 0.106% dearer against Orderly than usual: you sell high and buy low (spread +0.106% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SUI_USDC	1.0244	0.0100	pay 0.0100% / 8h	3h 14m	$47K	$177K	20x
Short	Hibachi SUI/USDT-P	1.0255	−0.0152	pay 0.0019% / 1h	14m 03s	$6K	$19K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Orderly. 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 OrderlybpFee HibachibpOrdersPrice spread, now +0.106%Rate

Funding earned: −$52.92
Price spread: +0.106% → 0.000%: $10.59
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$57.33
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Hibachi: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—
Sell Hibachi no order-book sample	—	—	—	—	—

Orderly and Hibachi: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.3470%	1h	1.0147	−0.947%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0377%	1h	1.0242	−0.020%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-Pshort	−0.0152%	1h	1.0255	+0.106%	$6K	$19K	7x
Kraken Futures PF_SUIUSD	−0.0067%	1h	1.0249	+0.048%	$6.7M	$25.2M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0241	−0.028%	$128K	$227K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0241	−0.026%	$480K	$5.0M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0247	+0.029%	$199K	$572K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0237	−0.066%	$115K	—	150x	as long as short
Bluefin SUI-PERP	+0.0039%	1h	1.0233	−0.107%	$587K	$407K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0251	+0.070%	$777K	$5.5M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SUI	+0.0096%	1h	1.0252	+0.074%	$305K	$2.2M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0239	−0.049%	$46K	$517K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0239	−0.044%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0244	0.000%	$580K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0250	+0.059%	$884K	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0245	+0.011%	$221K	$256K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0252	+0.075%	$146.0M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0252	+0.074%	$101.0M	$308.9M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0250	+0.059%	$40.1M	$386.1M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0250	+0.059%	$43K	$330K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0247	+0.029%	$167.9M	$83.1M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0247	+0.029%	$153.0M	$295.9M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0246	+0.020%	$50.5M	$54.1M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0246	+0.020%	$67.1M	$173.9M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0248	+0.039%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0246	+0.020%	$638K	$1.3M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0262	+0.173%	$2.4M	$3.4M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0277	+0.324%	$167K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0273	+0.283%	$444K	$7.6M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0274	+0.293%	$224K	$434K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0249	+0.049%	$123K	$723K	10x	as long as short
Orderly PERP_SUI_USDClong	+0.0100%	8h	1.0244	long leg	$47K	$177K	20x
SunX SUI-USDT	+0.0100%	8h	1.0270	+0.254%	$2K	$1.7M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0248	+0.039%	$14K	$2.0M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0237	−0.068%	$592K	$19.5M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0252	+0.078%	$11.8M	$27.3M	50x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0239	−0.049%	$241K	$4K	10x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0248	+0.035%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0251	+0.063%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0152%	1h	1.0240	−0.039%	$9K	$3K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0248	+0.039%	$7.6M	$24.7M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0242	−0.020%	$990K	$15.1M	50x	as long as short
Hyperliquid SUI	+0.0356%	1h	1.0256	+0.117%	$73.9M	$81.3M	10x	as long as short
Phoenix SUI	+0.0408%	1h	1.0281	+0.363%	$215K	$415K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0599% / S −0.0260%	1h	1.0237	−0.069%	$936K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1474%	1h	1.0258	+0.141%	$82K	$405K	10x	as long as short