Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Orderly against Paradex+0.009%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Orderly

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex SUI-USD-PERP	1.0186	0.0100	pay 0.0100% / 8h	1h 15m	$27K	$8K	30x
Short	Orderly PERP_SUI_USDC	1.0187	0.0100	get 0.0100% / 8h	1h 15m	$47K	$219K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.009%Rate

Funding earned: −$0.09
Price spread: +0.009% → 0.000%: $0.89
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$9.2
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Orderly: 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 Orderly no order-book sample	—	—	—	—	—

Paradex and Orderly: 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	−0.3536%	1h	1.0080	−1.042%	$41K	$113K	12x	as long as short
Reya SUIRUSDPERP	−0.0380%	1h	1.0182	−0.036%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0256%	1h	1.0187	+0.008%	$5K	$20K	7x	as long as short
Bluefin SUI-PERP	−0.0100%	1h	1.0174	−0.119%	$583K	$423K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0183	−0.031%	$95K	$257K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0185	−0.015%	$376K	$4.4M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0190	+0.038%	$196K	$559K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0194	+0.082%	$115K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0194	+0.075%	$783K	$5.3M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0193	+0.069%	$299K	$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	1.0189	+0.029%	$39K	$522K	50x	as long as short
Orderly PERP_SUI_USDCshort	+0.0100%	8h	1.0187	+0.009%	$47K	$219K	20x
Paradex SUI-USD-PERPlong	+0.0100%	8h	1.0186	long leg	$27K	$8K	30x
Nado SUI-PERP	+0.0100%	1h	1.0188	+0.014%	$691K	$2.2M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0190	+0.034%	$900K	$4.3M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0190	+0.041%	$218K	$258K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0188	+0.018%	$146.4M	$1.01B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0184	−0.021%	$98.8M	$314.3M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0189	+0.029%	$41.1M	$375.1M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0190	+0.038%	$43K	$328K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0191	+0.044%	$240K	$1K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0184	−0.021%	$167.4M	$83.7M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0189	+0.029%	$153.9M	$292.8M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0189	+0.029%	$50.1M	$52.6M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0184	−0.021%	$67.2M	$171.6M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0184	−0.021%	—	$86.8M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0187	+0.009%	$673K	$1.3M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0184	−0.023%	$2.4M	$3.5M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0199	+0.131%	$164K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0204	+0.180%	$441K	$7.1M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0203	+0.166%	$224K	$378K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0193	+0.068%	$127K	$603K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0206	+0.195%	$3K	$1.6M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0191	+0.048%	$5K	$1.8M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0188	+0.019%	$648K	$18.5M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0192	+0.058%	$11.8M	$28.3M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0182	−0.045%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0191	+0.052%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0200%	1h	1.0192	+0.058%	$9K	$2K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0198	+0.117%	$7.5M	$24.6M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0280%	1h	1.0212	+0.254%	$1.0M	$14.7M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0364%	1h	1.0192	+0.054%	$6.8M	$22.2M	50x	as long as short
Phoenix SUI	+0.0431%	1h	1.0221	+0.345%	$202K	$413K	10x	as long as short
Hyperliquid SUI	+0.0440%	1h	1.0199	+0.127%	$73.5M	$81.4M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0601% / S −0.0263%	1h	1.0182	−0.040%	$936K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1363%	1h	1.0195	+0.092%	$82K	$410K	10x	as long as short