Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: SunX against SoDEX+0.215%7-day average +0.106% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$256as in the Price arb table

costs, in and out, $10k−$2672.670% of the position

Long on SoDEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.120%−$12 · spread now +0.215%, 7d avg +0.106%

Together, before fees−0.118%−$12 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: SunX is 0.109% dearer against SoDEX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.106%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SUI-USD	1.0248	0.0100	pay 0.0013% / 1h	13m 39s	$14K	$2.0M	10x
Short	SunX SUI-USDT	1.0270	0.0100	get 0.0100% / 8h	3h 13m	$2K	$1.7M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against SoDEX. 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 SoDEXbpFee SunXbpOrdersPrice spread, now +0.215%Rate

Funding earned: $0
Price spread: +0.215% → +0.106%: $10.92
Slippage, 4 orders: −$251.03
Fee SoDEX: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$256.12
Costs to cover: 2.670%
Break-even: never at this rate

Slippage from SoDEX: live order book, 5 min ago; SunX: live order book, 12 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 SoDEX live order book, 5 min ago	0.98 bp	8.3 bp −$8	17.5 bp −$175	108.2 bp −$10.8K	doesn't fit
Sell SunX live order book, 12 min ago	44.47 bp	127.1 bp −$127	doesn't fit	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	−0.3470%	1h	1.0147	−0.986%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0377%	1h	1.0242	−0.059%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0152%	1h	1.0255	+0.067%	$6K	$19K	7x	as long as short
Kraken Futures PF_SUIUSD	−0.0067%	1h	1.0249	+0.008%	$6.7M	$25.2M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0241	−0.069%	$128K	$227K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0241	−0.065%	$480K	$5.0M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0247	−0.010%	$199K	$572K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0237	−0.105%	$115K	—	150x	as long as short
Bluefin SUI-PERP	+0.0039%	1h	1.0233	−0.146%	$587K	$407K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0244	−0.039%	$776K	$5.5M	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	1.0247	−0.015%	$304K	$2.2M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0239	−0.088%	$46K	$517K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0246	−0.016%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0244	−0.039%	$580K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0242	−0.054%	$883K	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0244	−0.043%	$221K	$256K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0244	−0.040%	$145.9M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0246	−0.021%	$100.9M	$308.9M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0245	−0.029%	$40.1M	$385.8M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0250	+0.020%	$43K	$330K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0244	−0.039%	$168.0M	$83.1M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0241	−0.068%	$152.9M	$295.9M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0245	−0.029%	$50.5M	$54.1M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0242	−0.059%	$67.1M	$173.9M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0246	−0.020%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0246	−0.020%	$638K	$1.3M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0262	+0.134%	$2.4M	$3.4M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0277	+0.285%	$167K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0273	+0.244%	$444K	$7.6M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0274	+0.254%	$224K	$434K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0249	+0.010%	$123K	$723K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0244	−0.039%	$47K	$177K	20x	as long as short
SunX SUI-USDTshort	+0.0100%	8h	1.0270	+0.215%	$2K	$1.7M	30x
SoDEX SUI-USDlong	+0.0100%	1h	1.0248	long leg	$14K	$2.0M	10x
HTX SUI-USDT	+0.0100%	8h	1.0237	−0.107%	$592K	$19.5M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0252	+0.039%	$11.8M	$27.3M	50x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0239	−0.088%	$241K	$4K	10x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0243	−0.053%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0251	+0.024%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0152%	1h	1.0245	−0.029%	$9K	$3K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0248	0.000%	$7.6M	$24.7M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0242	−0.059%	$990K	$15.1M	50x	as long as short
Hyperliquid SUI	+0.0354%	1h	1.0255	+0.068%	$73.9M	$81.3M	10x	as long as short
Phoenix SUI	+0.0408%	1h	1.0281	+0.324%	$215K	$415K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0599% / S −0.0260%	1h	1.0237	−0.108%	$936K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1474%	1h	1.0258	+0.102%	$82K	$405K	10x	as long as short