Settings8H · net · $10k
Funding arb · Price arb /

SUI

all SUI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%
Price spread now: Polymarket Perps against Phemex−0.117%46s7-day average +0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$410.408% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.024%+$2 on $10k
Price spread, last 3 days (all we have)+0.064%+$6 · spread now −0.117%, 7d avg +0.039%
Together, before fees+0.088%+$9 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.156% cheaper against Phemex than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.039%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex SUIUSDT1.02750.0100pay 0.0100% / 8h3h 31m$11.5M$23.9M50x
ShortPolymarket Perps SUI-USD1.02630.0100get 0.0013% / 1h31m 18s$107K$818K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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

Funding earned
$0
Price spread: −0.117% → +0.039%
−$15.62
Slippage, 4 orders
−$20.82
Fee Phemex: 6 bp × 2 orders
−$12
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$56.44
Costs to cover
0.408%
Break-even
never at this rate
Slippage from Phemex: live order book, 3 min ago; Polymarket Perps: live order book, 17 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 3 min ago2.92 bp11.1 bp −$1124.1 bp −$241doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 17 min ago1.95 bp10.7 bp −$1111.3 bp −$113doesn't fitdoesn't fit

SUI on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SUI/USDC PERP−0.3656%1h1.0187−0.856%$42K$42K12xas long as short
Hibachi SUI/USDT-P−0.0504%1h1.0274−0.010%$6K$19K7xas long as short
Reya SUIRUSDPERP−0.0365%1h1.0254−0.200%$4K$3K20xas long as short
Kraken Futures PF_SUIUSD−0.0154%1h1.0278+0.031%$6.9M$24.0M50xas long as short
Bluefin SUI-PERP−0.0032%1h1.0246−0.282%$587K$413K25xas long as short
dYdX SUI-USD0.0000%1h1.0266−0.091%$94K$88K10xas long as short
Kalshi KXSUIPERP0.0000%8h1.0285+0.097%$462K$5.6M2.5xas long as short
gTrade (Gains Network) SUI/USDL +0.0003% / S −0.0003%1h1.0258−0.162%$119K150xas long as short
01 Exchange SUIUSD+0.0048%1h1.0259−0.156%$8K$8K10xas long as short
Lighter SUI+0.0096%1h1.0264−0.103%$775K$5.9M10xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH SUI+0.0096%1h1.0267−0.078%$247K$2.0M10xas long as short
Popdex SUIUSDT+0.0096%1h1.0254−0.204%$33K$507K50xas long as short
Orderly PERP_SUI_USDC+0.0097%8h1.0255−0.195%$45K$385K20xas long as short
Paradex SUI-USD-PERP+0.0100%8h1.0262−0.131%$27K$9K30xas long as short
Nado SUI-PERP+0.0100%1h1.0259−0.156%$599K$1.4M10xas long as short
Hyperliquid SUI+0.0100%1h1.0263−0.117%$73.3M$83.4M10xas long as short
Aster SUIUSDT+0.0100%8h1.0265−0.094%$1.0M$4.6M75xas long as short
Pacifica SUI+0.0100%1h1.0266−0.091%$223K$263K10xas long as short
Binance SUIUSDT+0.0100%8h1.0257−0.178%$152.3M$1.04B75xas long as short
Bybit SUIUSDT+0.0100%8h1.0258−0.164%$105.3M$308.8M50xas long as short
OKX SUI-USDT-SWAP+0.0100%8h1.0254−0.204%$41.4M$389.2M50xas long as short
Arcus SUI-USD+0.0100%1h1.0260−0.146%$148K$300K10xas long as short
Gate SUI_USDT+0.0100%8h1.0255−0.195%$165.3M$81.4M50xas long as short
MEXC SUI_USDT+0.0100%8h1.0255−0.195%$148.3M$295.2M300xas long as short
KuCoin SUIUSDTM+0.0100%8h1.0255−0.195%$52.3M$50.5M75xas long as short
Bitget SUIUSDT+0.0100%8h1.0250−0.243%$67.4M$172.0M75xas long as short
BingX SUI-USDT+0.0100%8h1.0256−0.185%$80.5Mas long as short
Backpack SUI_USDC_PERP+0.0100%1h1.0269−0.058%$646K$1.2M20xas long as short
Variational Omni SUI+0.0100%8h1.0297+0.211%$2.3M$2.8Mas long as short
edgeX SUIUSDC+0.0100%4h1.0264−0.109%$166K$4.5M20xas long as short
GRVT SUI_USDT_Perp+0.0100%8h1.0283+0.078%$450K$7.1M10xas long as short
ApeX Omni SUIUSDT+0.0100%1h1.0267−0.078%$247K$435K50xas long as short
Polymarket Perps SUI-USDshort+0.0100%1h1.0263−0.117%$107K$818K10x
SunX SUI-USDT+0.0100%8h1.0283+0.078%$2K$1.9M30xas long as short
SoDEX SUI-USD+0.0100%1h1.0255−0.195%$7K$2.5M10xas long as short
HTX SUI-USDT+0.0100%8h1.02750.000%$629K$19.2M75xas long as short
Phemex SUIUSDTlong+0.0100%8h1.0275long leg$11.5M$23.9M50x
Bulk SUI-USD+0.0100%1h1.0277+0.019%$242K$2K10xas long as short
Extended SUI-USD+0.0104%1h1.0258−0.161%$1.5M$3.7M50xas long as short
Aevo SUI-PERP+0.0104%1h1.0260−0.141%$48K$38K3xas long as short
Coinbase International SUI-PERP-INTX+0.0216%1h1.0286+0.107%$991K$14.4M50xas long as short
BloFin SUI-USDT+0.0220%8h1.0290+0.146%$8.2M$24.1M100xas long as short
Phoenix SUI+0.0270%1h1.0309+0.326%$186K$581K10xas long as short
GMX SUI/USD [ETH-USDC]L +0.0629% / S −0.0300%1h1.0257−0.174%$879K100xas long as short
Aftermath Perps SUIUSD+0.0897%1h1.0282+0.070%$93K$398K10xas long as short
Deribit SUI_USDC-PERPETUAL+0.1307%1h1.0293+0.175%$198K$516K25xas long as short