Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

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: Phemex against Polymarket Perps−0.039%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$410.408% of the position

Long on Polymarket Perps Short on Phemex

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)+0.092%+$9 · spread now −0.039%, 7d avg −0.039%

Together, before fees+0.068%+$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps SUI-USD	1.0279	0.0100	pay 0.0013% / 1h	31m 37s	$107K	$817K	10x
Short	Phemex SUIUSDT	1.0275	0.0100	get 0.0100% / 8h	3h 31m	$11.5M	$23.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Polymarket Perps. 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 Polymarket PerpsbpFee PhemexbpOrdersPrice spread, now −0.039%Rate

Funding earned: $0
Price spread: −0.039% → −0.039%: $0.05
Slippage, 4 orders: −$20.82
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$40.78
Costs to cover: 0.408%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 17 min ago; Phemex: live order book, 3 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 Polymarket Perps live order book, 17 min ago	1.95 bp	6.8 bp −$7	7.3 bp −$73	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	2.92 bp	12.2 bp −$12	22.3 bp −$223	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	−0.3656%	1h	1.0187	−0.895%	$42K	$42K	12x	as long as short
Hibachi SUI/USDT-P	−0.0504%	1h	1.0263	−0.152%	$6K	$19K	7x	as long as short
Reya SUIRUSDPERP	−0.0365%	1h	1.0270	−0.090%	$4K	$3K	20x	as long as short
Kraken Futures PF_SUIUSD	−0.0154%	1h	1.0278	−0.007%	$6.9M	$24.0M	50x	as long as short
Bluefin SUI-PERP	−0.0034%	1h	1.0263	−0.156%	$588K	$413K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0266	−0.129%	$94K	$88K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0285	+0.058%	$462K	$5.6M	2.5x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0276	−0.032%	$119K	—	150x	as long as short
01 Exchange SUIUSD	+0.0048%	1h	1.0259	−0.195%	$8K	$8K	10x	as long as short
Lighter SUI	+0.0096%	1h	1.0264	−0.142%	$775K	$5.9M	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	1.0267	−0.117%	$247K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0254	−0.243%	$33K	$507K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0097%	8h	1.0273	−0.058%	$45K	$387K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0262	−0.170%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0259	−0.195%	$599K	$1.4M	10x	as long as short
Hyperliquid SUI	+0.0100%	1h	1.0278	−0.010%	$73.4M	$83.3M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0273	−0.055%	$1.0M	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0266	−0.129%	$223K	$263K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0256	−0.224%	$152.3M	$1.04B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0256	−0.228%	$105.3M	$308.8M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0252	−0.263%	$41.4M	$389.1M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0260	−0.185%	$148K	$300K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0260	−0.185%	$165.4M	$81.4M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0262	−0.165%	$148.3M	$295.1M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0268	−0.107%	$52.3M	$50.5M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0252	−0.263%	$67.4M	$172.0M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0263	−0.156%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0269	−0.097%	$646K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0297	+0.172%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0264	−0.147%	$166K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0283	+0.039%	$450K	$7.1M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0267	−0.117%	$247K	$435K	50x	as long as short
Polymarket Perps SUI-USDlong	+0.0100%	1h	1.0279	long leg	$107K	$817K	10x
SunX SUI-USDT	+0.0100%	8h	1.0283	+0.039%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0273	−0.058%	$7K	$2.5M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0275	−0.039%	$629K	$19.2M	75x	as long as short
Phemex SUIUSDTshort	+0.0100%	8h	1.0275	−0.039%	$11.5M	$23.9M	50x
Bulk SUI-USD	+0.0100%	1h	1.0277	−0.019%	$242K	$2K	10x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0258	−0.200%	$1.5M	$3.7M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0282	+0.032%	$49K	$38K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0216%	1h	1.0286	+0.068%	$991K	$14.4M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0290	+0.107%	$8.2M	$24.1M	100x	as long as short
Phoenix SUI	+0.0270%	1h	1.0309	+0.287%	$186K	$581K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0630% / S −0.0300%	1h	1.0273	−0.057%	$881K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0906%	1h	1.0286	+0.065%	$93K	$398K	10x	as long as short
Deribit SUI_USDC-PERPETUAL	+0.1307%	1h	1.0293	+0.136%	$198K	$516K	25x	as long as short