Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h +0.010%

Price spread now: 01 Exchange against Phemex−0.049%7-day average — · you buy dearer than you sell

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

Long on Phemex Short on 01 Exchange

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—needs both histories

Funding pays, the price is against you. 01 Exchange is 0.049% cheaper against Phemex than usual: you would sell low and buy high (spread −0.049% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 4.6 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SUIUSDT	1.0175	0.0100	pay 0.0100% / 8h	51m 42s	$11.7M	$28.2M	50x
Short	01 Exchange SUIUSD	1.0170	0.0136	get 0.0017% / 1h	51m 42s	$8K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.049%Rate

Funding earned: $7.56
Price spread: −0.049% → 0.000%: −$4.91
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$16.35
Costs to cover: 0.190%
Break-even: 22.1 days

Slippage unknown: Phemex: live order book, 2 min ago; 01 Exchange: 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 Phemex live order book, 2 min ago	2.46 bp	11.5 bp −$12	21.6 bp −$216	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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	−0.2780%	1h	1.0090	−0.835%	$41K	$113K	12x	as long as short
Reya SUIRUSDPERP	−0.0381%	1h	1.0163	−0.114%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0288%	1h	1.0174	−0.009%	$5K	$20K	7x	as long as short
Bluefin SUI-PERP	−0.0211%	1h	1.0154	−0.206%	$582K	$422K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0162	−0.127%	$95K	$257K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0167	−0.075%	$377K	$4.4M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0170	−0.049%	$196K	$558K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0166	−0.093%	$115K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0195	+0.198%	$768K	$5.1M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0189	+0.133%	$297K	$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	1.0167	−0.079%	$40K	$523K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0167	−0.079%	$47K	$234K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0156	−0.186%	$27K	$8K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0165	−0.098%	$687K	$2.2M	10x	as long as short
Hyperliquid SUI	+0.0100%	1h	1.0198	+0.226%	$73.5M	$78.8M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0185	+0.103%	$898K	$4.2M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0187	+0.122%	$217K	$257K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0184	+0.088%	$146.8M	$1.00B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0181	+0.059%	$98.5M	$312.2M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0178	+0.029%	$41.0M	$370.7M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0170	−0.049%	$43K	$330K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0169	−0.056%	$239K	$454	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0184	+0.088%	$168.4M	$81.4M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0185	+0.098%	$155.8M	$282.3M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0189	+0.138%	$50.1M	$52.2M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0186	+0.108%	$67.2M	$169.9M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0185	+0.098%	—	$86.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0180	+0.049%	$669K	$1.4M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0135	−0.397%	$2.4M	$3.5M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0157	−0.174%	$163K	$4.3M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0178	+0.034%	$448K	$7.1M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0156	−0.187%	$223K	$378K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0175	0.000%	$122K	$568K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0185	+0.098%	$3K	$1.6M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0170	−0.049%	$7K	$1.7M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0182	+0.069%	$626K	$18.4M	75x	as long as short
Phemex SUIUSDTlong	+0.0100%	8h	1.0175	long leg	$11.7M	$28.2M	50x
Extended SUI-USD	+0.0104%	1h	1.0186	+0.106%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0171	−0.042%	$39K	$11K	3x	as long as short
Kraken Futures PF_SUIUSD	+0.0119%	1h	1.0175	+0.001%	$6.8M	$21.8M	50x	as long as short
01 Exchange SUIUSDshort	+0.0136%	1h	1.0170	−0.049%	$8K	$3K	10x
BloFin SUI-USDT	+0.0220%	8h	1.0153	−0.216%	$7.6M	$24.4M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0328%	1h	1.0181	+0.059%	$1.0M	$14.4M	50x	as long as short
Phoenix SUI	+0.0393%	1h	1.0175	0.000%	$202K	$400K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0601% / S −0.0263%	1h	1.0165	−0.100%	$934K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1329%	1h	1.0175	−0.001%	$82K	$409K	10x	as long as short