Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%

Price spread now: Arcus against Phemex−0.029%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$420.417% of the position

Long on Phemex Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.005%$0 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now −0.029%, 7d avg −0.016%

Together, before fees+0.003%$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SUIUSDT	1.0213	0.0100	pay 0.0100% / 8h	2h 06m	$11.7M	$28.0M	50x
Short	Arcus SUI-USD	1.0210	0.0100	get 0.0013% / 1h	6m 55s	$43K	$329K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Phemex. 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 PhemexbpFee ArcusbpOrdersPrice spread, now −0.029%Rate

Funding earned: $0
Price spread: −0.029% → −0.016%: −$1.33
Slippage, 4 orders: −$25.23
Fee Phemex: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$43.05
Costs to cover: 0.417%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; Arcus: live order book, 42 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 Phemex live order book, 2 min ago	0.49 bp	9.0 bp −$9	24.2 bp −$242	doesn't fit	doesn't fit
Sell Arcus live order book, 42 min ago	9.76 bp	12.0 bp −$12	24.8 bp −$248	doesn't fit	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	−0.3309%	1h	1.0018	−1.909%	$41K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0379%	1h	1.0207	−0.059%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0192%	1h	1.0216	+0.031%	$5K	$19K	7x	as long as short
Bluefin SUI-PERP	−0.0003%	1h	1.0203	−0.098%	$585K	$431K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0205	−0.077%	$96K	$294K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0216	+0.030%	$378K	$5.1M	2.5x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0212	−0.007%	$115K	—	150x	as long as short
Deribit SUI_USDC-PERPETUAL	+0.0044%	1h	1.0220	+0.069%	$199K	$562K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0220	+0.070%	$795K	$5.5M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0220	+0.067%	$298K	$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	1.0211	−0.020%	$33K	$548K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0217	+0.039%	$47K	$216K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0205	−0.081%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0211	−0.020%	$544K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0210	−0.029%	$903K	$4.3M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0210	−0.026%	$220K	$257K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0210	−0.025%	$146.8M	$1.05B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0207	−0.060%	$100.2M	$321.1M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0210	−0.029%	$41.1M	$392.1M	50x	as long as short
Arcus SUI-USDshort	+0.0100%	1h	1.0210	−0.029%	$43K	$329K	10x
Bulk SUI-USD	+0.0100%	1h	1.0179	−0.333%	$239K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0206	−0.069%	$168.5M	$86.0M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0207	−0.059%	$152.0M	$295.2M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0207	−0.059%	$49.7M	$53.6M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0206	−0.069%	$67.3M	$178.2M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0207	−0.059%	—	$84.8M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0214	+0.010%	$668K	$1.4M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0180	−0.326%	$2.4M	$3.5M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0183	−0.297%	$165K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0190	−0.223%	$443K	$7.6M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0191	−0.215%	$224K	$437K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0219	+0.059%	$134K	$648K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0223	+0.098%	$2K	$1.7M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0217	+0.039%	$6K	$1.9M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0216	+0.029%	$623K	$19.4M	75x	as long as short
Phemex SUIUSDTlong	+0.0100%	8h	1.0213	long leg	$11.7M	$28.0M	50x
Extended SUI-USD	+0.0104%	1h	1.0201	−0.121%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0224	+0.103%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0144%	1h	1.0217	+0.039%	$9K	$3K	10x	as long as short
Kraken Futures PF_SUIUSD	+0.0172%	1h	1.0220	+0.068%	$6.8M	$25.0M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0217	+0.039%	$7.5M	$24.9M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0220	+0.069%	$1.0M	$15.1M	50x	as long as short
Hyperliquid SUI	+0.0390%	1h	1.0221	+0.078%	$73.5M	$82.7M	10x	as long as short
Phoenix SUI	+0.0416%	1h	1.0224	+0.105%	$202K	$422K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0602% / S −0.0263%	1h	1.0212	−0.010%	$939K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1411%	1h	1.0186	−0.269%	$82K	$408K	10x	as long as short