Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0502%/8h= +55.0% APRpaid last 24h −0.006%

Price spread now: Deribit against Paradex−0.520%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Funding pays, the price is against you. Deribit is 0.520% cheaper against Paradex than usual: you would sell low and buy high (spread −0.520% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$52 on $10k: about 3.5 days of funding at the current rate (+$15 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex SUI-USD-PERP	1.0625	0.0100	pay 0.0100% / 8h	7h 00m	$28K	$9K	30x
Short	Deribit SUI_USDC-PERPETUAL	1.0570	0.0602	get 0.0075% / 1h	0m 55s	$205K	$580K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Paradex. 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 ParadexbpFee DeribitbpOrdersPrice spread, now −0.520%Rate

Funding earned: $105.43
Price spread: −0.520% → 0.000%: −$51.98
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $42.45
Costs to cover: 0.110%
Break-even: 4.2 days

Slippage unknown: Paradex: no order-book sample; Deribit: live order book, 8 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 Paradex no order-book sample	—	—	—	—	—
Sell Deribit live order book, 8 min ago	3.25 bp	6.7 bp −$7	doesn't fit	doesn't fit	doesn't fit

Paradex: 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	−0.3416%	1h	1.0515	−1.037%	$43K	$123K	12x	as long as short
Hibachi SUI/USDT-P	−0.0504%	1h	1.0605	−0.186%	$6K	$18K	7x	as long as short
Bluefin SUI-PERP	−0.0451%	1h	1.0544	−0.765%	$605K	$416K	25x	as long as short
Reya SUIRUSDPERP	−0.0371%	1h	1.0572	−0.497%	$4K	$3K	20x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0576	−0.463%	$96K	$171K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0579	−0.433%	$582K	$4.9M	2.5x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0561	−0.600%	$113K	—	150x	as long as short
Phemex SUIUSDT	+0.0005%	8h	1.0566	−0.557%	$11.8M	$25.3M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0038%	1h	1.0559	−0.622%	$7.1M	$24.5M	50x	as long as short
01 Exchange SUIUSD	+0.0040%	1h	1.0580	−0.426%	$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	1.0561	−0.605%	$823K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0564	−0.579%	$283K	$2.1M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0577	−0.454%	$34K	$478K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0099%	8h	1.0562	−0.595%	$48K	$309K	20x	as long as short
Paradex SUI-USD-PERPlong	+0.0100%	8h	1.0625	long leg	$28K	$9K	30x
Nado SUI-PERP	+0.0100%	1h	1.0571	−0.510%	$697K	$1.5M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0549	−0.715%	$1.0M	$4.8M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0580	−0.428%	$231K	$259K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0560	−0.614%	$154.7M	$1.04B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0560	−0.614%	$104.6M	$309.5M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0558	−0.633%	$41.7M	$396.1M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0580	−0.426%	$47K	$368K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0760	+1.272%	$253K	$3K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0559	−0.623%	$171.9M	$84.6M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0561	−0.605%	$153.5M	$304.6M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0540	−0.802%	$51.1M	$53.3M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0544	−0.765%	$68.8M	$170.0M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0561	−0.605%	—	$82.2M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0556	−0.652%	$658K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0558	−0.636%	$2.4M	$3.2M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0642	+0.158%	$173K	$4.7M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0702	+0.720%	$464K	$7.5M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0625	−0.002%	$236K	$491K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0583	−0.397%	$123K	$744K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0565	−0.567%	$2K	$1.8M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0560	−0.614%	$6K	$2.2M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0563	−0.586%	$661K	$19.4M	75x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0554	−0.668%	$1.5M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0562	−0.599%	$40K	$16K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0200%	1h	1.0572	−0.501%	$1.0M	$14.8M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0565	−0.567%	$8.3M	$25.6M	100x	as long as short
Phoenix SUI	+0.0299%	1h	1.0600	−0.237%	$210K	$590K	10x	as long as short
Hyperliquid SUI	+0.0417%	1h	1.0568	−0.539%	$76.5M	$80.1M	10x	as long as short
Deribit SUI_USDC-PERPETUALshort	+0.0602%	1h	1.0570	−0.520%	$205K	$580K	25x
GMX SUI/USD [ETH-USDC]	L +0.0622% / S −0.0315%	1h	1.0560	−0.612%	$904K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0887%	1h	1.0678	+0.499%	$79K	$379K	10x	as long as short