Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: edgeX against Popdex−0.008%7-day average −0.002% · 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−$33as in the Price arb table

costs, in and out, $10k−$320.324% of the position

Long on Popdex Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.119%+$12 · spread now −0.008%, 7d avg −0.002%

Together, before fees+0.122%+ Points / potential airdropedgeX: Active · farm board+$12 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex SUIUSDT	1.0155	0.0096	pay 0.0012% / 1h	5m 23s	$44K	$528K	50x
Short	edgeX SUIUSDC	1.0154	0.0100	get 0.0050% / 4h	5m 23s	$163K	$4.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Popdex. 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 PopdexbpFee edgeXbpOrdersPrice spread, now −0.008%Rate

Funding earned: $0.84
Price spread: −0.008% → −0.002%: −$0.55
Slippage, 4 orders: −$17.02
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$32.13
Costs to cover: 0.324%
Break-even: 274.7 days

Slippage from Popdex: live order book, 34 min ago; edgeX: live order book, 4 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 Popdex live order book, 34 min ago	3.69 bp	9.3 bp −$9	30.6 bp −$306	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	1.97 bp	6.5 bp −$6	9.6 bp −$96	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	−0.2780%	1h	1.0055	−0.985%	$41K	$113K	12x	as long as short
Reya SUIRUSDPERP	−0.0382%	1h	1.0150	−0.052%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0264%	1h	1.0140	−0.148%	$5K	$19K	7x	as long as short
Bluefin SUI-PERP	−0.0091%	1h	1.0130	−0.246%	$581K	$454K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0142	−0.132%	$95K	$257K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0152	−0.031%	$390K	$4.2M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0143	−0.118%	$195K	$554K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0141	−0.140%	$114K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0139	−0.153%	$749K	$5.1M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0144	−0.110%	$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 SUIUSDTlong	+0.0096%	1h	1.0155	long leg	$44K	$528K	50x
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0153	−0.020%	$47K	$315K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0139	−0.153%	$27K	$8K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0148	−0.064%	$675K	$2.2M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0154	−0.011%	$901K	$4.2M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0141	−0.137%	$216K	$252K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0154	−0.010%	$146.0M	$987.4M	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0151	−0.043%	$97.8M	$308.0M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0154	−0.010%	$41.0M	$366.7M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0160	+0.049%	$43K	$324K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0161	+0.058%	$233K	$7K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0149	−0.059%	$168.1M	$82.5M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0154	−0.010%	$106.9M	$292.4M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0157	+0.020%	$51.0M	$51.9M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0153	−0.020%	$67.0M	$167.4M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0152	−0.030%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0134	−0.207%	$667K	$1.3M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0138	−0.166%	$2.4M	$3.4M	—	as long as short
edgeX SUIUSDCshort	+0.0100%	4h	1.0154	−0.008%	$163K	$4.2M	20x
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0154	−0.010%	$435K	$7.0M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0157	+0.020%	$205K	$371K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0161	+0.059%	$122K	$533K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0157	+0.020%	$2K	$1.6M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0142	−0.128%	$6K	$1.7M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0157	+0.020%	$640K	$18.2M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0143	−0.118%	$11.7M	$28.2M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0150	−0.054%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0142	−0.133%	$38K	$11K	3x	as long as short
Kraken Futures PF_SUIUSD	+0.0119%	1h	1.0143	−0.120%	$6.8M	$21.5M	50x	as long as short
Hyperliquid SUI	+0.0125%	1h	1.0165	+0.102%	$73.3M	$77.5M	10x	as long as short
01 Exchange SUIUSD	+0.0136%	1h	1.0158	+0.030%	$8K	$3K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0154	−0.010%	$7.6M	$24.4M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0328%	1h	1.0164	+0.089%	$1.0M	$14.3M	50x	as long as short
Phoenix SUI	+0.0393%	1h	1.0168	+0.124%	$202K	$400K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0601% / S −0.0263%	1h	1.0136	−0.189%	$932K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1261%	1h	1.0160	+0.047%	$82K	$409K	10x	as long as short