Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0483%/8h= +52.9% APRpaid last 24h +0.139%

Price spread now: Paradex against Reya−0.078%47s7-day average — · you buy dearer than you sell

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

Long on Reya Short on Paradex

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—+ Points / potential airdropReya: Active · Paradex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.078% cheaper against Reya than usual: you would sell low and buy high (spread −0.078% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 13 hours of funding at the current rate (+$15 a day). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya SUIRUSDPERP	1.0208	−0.0383	get 0.0048% / 1h	56m 38s	$4K	$3K	20x
Short	Paradex SUI-USD-PERP	1.0200	0.0100	get 0.0100% / 8h	6h 56m	$27K	$5K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Reya. 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 ReyabpFee ParadexbpOrdersPrice spread, now −0.078%Rate

Funding earned: $101.5
Price spread: −0.078% → 0.000%: −$7.85
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: $83.66
Costs to cover: 0.100%
Break-even: 1.2 days

Slippage unknown: Reya: no order-book sample; Paradex: 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 Reya no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Reya and Paradex: 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	−0.3772%	1h	1.0143	−0.634%	$42K	$113K	12x	as long as short
Hibachi SUI/USDT-P	−0.0456%	1h	1.0219	+0.109%	$5K	$17K	7x	as long as short
Reya SUIRUSDPERPlong	−0.0383%	1h	1.0208	long leg	$4K	$3K	20x
Bluefin SUI-PERP	−0.0253%	1h	1.0204	−0.036%	$587K	$437K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0199	−0.084%	$95K	$245K	10x	as long as short
01 Exchange SUIUSD	0.0000%	1h	1.0189	−0.183%	$8K	$3K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0234	+0.255%	$376K	$3.9M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0220	+0.120%	$197K	$521K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0259	+0.503%	$116K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0054%	1h	1.0226	+0.179%	$6.8M	$21.0M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack SUI_USDC_PERP	+0.0063%	1h	1.0220	+0.120%	$670K	$1.3M	20x	as long as short
Lighter SUI	+0.0096%	1h	1.0194	−0.134%	$754K	$4.6M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0204	−0.036%	$320K	$2.1M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0186	−0.213%	$52K	$519K	50x	as long as short
Paradex SUI-USD-PERPshort	+0.0100%	8h	1.0200	−0.078%	$27K	$5K	30x
Nado SUI-PERP	+0.0100%	1h	1.0205	−0.031%	$672K	$2.0M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0199	−0.087%	$906K	$3.9M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0196	−0.117%	$217K	$214K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0191	−0.167%	$144.6M	$937.4M	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0187	−0.203%	$98.0M	$291.4M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0188	−0.193%	$41.1M	$344.7M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0190	−0.174%	$43K	$318K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0206	−0.017%	$234K	$7K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0190	−0.174%	$168.2M	$71.7M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0189	−0.183%	$93.7M	$270.6M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0193	−0.144%	$50.4M	$48.9M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0186	−0.213%	$67.2M	$156.8M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0187	−0.203%	—	$85.9M	—	as long as short
Variational Omni SUI	+0.0100%	8h	1.0248	+0.391%	$2.4M	$3.1M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0234	+0.258%	$164K	$4.2M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0255	+0.460%	$439K	$7.0M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0264	+0.551%	$207K	$355K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0207	−0.007%	$123K	$510K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0218	+0.101%	$55K	$654K	20x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0216	+0.081%	$2K	$1.4M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0220	+0.120%	$6K	$1.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0215	+0.071%	$777K	$17.5M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0220	+0.120%	$11.8M	$28.5M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0183	−0.240%	$1.5M	$3.9M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0220	+0.120%	$39K	$11K	3x	as long as short
Hyperliquid SUI	+0.0106%	1h	1.0214	+0.062%	$73.9M	$74.9M	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0223	+0.150%	$7.5M	$24.2M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0320%	1h	1.0228	+0.199%	$1.0M	$12.8M	50x	as long as short
Phoenix SUI	+0.0426%	1h	1.0241	+0.331%	$205K	$340K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0612% / S −0.0269%	1h	1.0261	+0.524%	$956K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1031%	1h	1.0240	+0.317%	$81K	$413K	10x	as long as short