Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0163%/8h= +17.8% APRpaid last 24h +0.048%

Price spread now: GMX against Paradex−0.098%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 GMX

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. GMX is 0.098% cheaper against Paradex than usual: you would sell low and buy high (spread −0.098% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 2.0 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex SUI-USD-PERP	1.0251	0.0100	pay 0.0100% / 8h	7h 16m	$27K	$5K	30x
Short	GMX SUI/USD [ETH-USDC]	1.0241	L +0.0602% / S −0.0263%	get 0.0033% / 1h	16m 49s	$941K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.098%Rate

Funding earned: $34.17
Price spread: −0.098% → 0.000%: −$9.84
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee GMX: 6 bp × 2 orders: −$12
Net: $8.32
Costs to cover: 0.160%
Break-even: 5.3 days

Slippage unknown: Paradex: no order-book sample; GMX: 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 Paradex no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Paradex and GMX: 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	−0.3240%	1h	1.0007	−2.384%	$41K	$113K	12x	as long as short
Reya SUIRUSDPERP	−0.0383%	1h	1.0229	−0.217%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0192%	1h	1.0226	−0.247%	$5K	$17K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0241	−0.105%	$96K	$245K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0259	+0.070%	$383K	$4.1M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0244	−0.072%	$197K	$530K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0241	−0.105%	$116K	—	150x	as long as short
01 Exchange SUIUSD	+0.0072%	1h	1.0237	−0.140%	$8K	$3K	10x	as long as short
Bluefin SUI-PERP	+0.0075%	1h	1.0229	−0.218%	$587K	$440K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0245	−0.066%	$757K	$4.9M	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	1.0245	−0.063%	$310K	$2.2M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0238	−0.131%	$48K	$532K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0240	−0.111%	$47K	$512K	20x	as long as short
Paradex SUI-USD-PERPlong	+0.0100%	8h	1.0251	long leg	$27K	$5K	30x
Nado SUI-PERP	+0.0100%	1h	1.0231	−0.199%	$673K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0244	−0.075%	$910K	$4.2M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0243	−0.085%	$218K	$248K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0243	−0.082%	$146.0M	$962.8M	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0241	−0.101%	$98.8M	$299.2M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0240	−0.111%	$41.3M	$356.5M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0240	−0.111%	$43K	$315K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0219	−0.316%	$234K	$7K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0239	−0.121%	$169.1M	$80.1M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0239	−0.121%	$99.9M	$290.9M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0241	−0.101%	$52.1M	$49.6M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0237	−0.140%	$67.7M	$162.6M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0239	−0.121%	—	$86.9M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0240	−0.111%	$672K	$1.3M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0237	−0.140%	$2.4M	$3.3M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0225	−0.259%	$165K	$4.2M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0213	−0.374%	$440K	$7.0M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0233	−0.179%	$207K	$356K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0234	−0.170%	$123K	$512K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0247	−0.043%	$2K	$1.5M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0241	−0.101%	$6K	$1.5M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0245	−0.062%	$640K	$17.6M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0238	−0.131%	$11.8M	$28.4M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0237	−0.141%	$1.4M	$4.0M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0251	+0.001%	$39K	$11K	3x	as long as short
Hyperliquid SUI	+0.0159%	1h	1.0253	+0.016%	$73.9M	$76.1M	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0232	−0.189%	$7.5M	$24.4M	100x	as long as short
Kraken Futures PF_SUIUSD	+0.0281%	1h	1.0243	−0.079%	$6.9M	$21.3M	50x	as long as short
Coinbase International SUI-PERP-INTX	+0.0360%	1h	1.0246	−0.052%	$1.0M	$13.6M	50x	as long as short
Phoenix SUI	+0.0426%	1h	1.0232	−0.185%	$204K	$395K	10x	as long as short
GMX SUI/USD [ETH-USDC]short	L +0.0602% / S −0.0263%	1h	1.0241	−0.098%	$941K	—	100x
Aftermath Perps SUIUSD	+0.1095%	1h	1.0209	−0.418%	$80K	$412K	10x	as long as short