Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.4599%/8h= −503.5% APRpaid last 24h −0.732%

Price spread now: Injective against BingX−1.166%7-day average — · you buy dearer than you sell

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

Long on BingX Short on Injective

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

Both sides work against this trade now: funding costs −$138 a day on $10k at the current rate, and Injective is 1.166% cheaper against BingX than usual: you would sell low and buy high (−$117 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SUI-USDC	1.0373	0.0100	pay 0.0100% / 8h	6h 00m	—	$6.5M	—
Short	Injective SUI/USDC PERP	1.0252	−0.4499	pay 0.0562% / 1h	0m 31s	$42K	$123K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BingX. 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 BingXbpFee InjectivebpOrdersPrice spread, now −1.166%Rate

Funding earned: −$965.7
Price spread: −1.166% → 0.000%: −$116.65
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1,092.37
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 6 min ago; Injective: live order book, 3 min ago. 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 BingX live order book, 6 min ago	0.97 bp	12.1 bp −$12	17.6 bp −$176	68.4 bp −$6,840	92.3 bp −$46.1K
Sell Injective live order book, 3 min ago	92.30 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

SUI on 45 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 PERPshort	−0.4499%	1h	1.0252	−1.166%	$42K	$123K	12x
Reya SUIRUSDPERP	−0.0373%	1h	1.0375	+0.023%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0280%	1h	1.0400	+0.256%	$6K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0375	+0.019%	$95K	$169K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0392	+0.183%	$521K	$4.9M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0388	+0.145%	$202K	$577K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0383	+0.096%	$113K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0012%	1h	1.0387	+0.139%	$6.8M	$26.9M	50x	as long as short
Bluefin SUI-PERP	+0.0057%	1h	1.0374	+0.010%	$594K	$414K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0378	+0.044%	$819K	$5.7M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SUI	+0.0096%	1h	1.0383	+0.093%	$277K	$2.1M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0371	−0.019%	$31K	$501K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0373	−0.001%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0367	−0.058%	$717K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0382	+0.089%	$911K	$4.8M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0378	+0.048%	$226K	$268K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0372	−0.013%	$151.7M	$1.04B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0370	−0.028%	$102.9M	$309.3M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0369	−0.039%	$40.9M	$385.3M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0380	+0.067%	$44K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0351	−0.212%	$243K	$4K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0373	0.000%	$164.2M	$84.7M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0374	+0.010%	$150.8M	$301.6M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0377	+0.039%	$50.5M	$53.7M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0367	−0.058%	$67.4M	$169.9M	75x	as long as short
BingX SUI-USDClong	+0.0100%	8h	1.0373	long leg	—	$6.5M	—
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0382	+0.087%	$710K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0383	+0.093%	$2.4M	$3.2M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0405	+0.308%	$169K	$4.7M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0385	+0.116%	$455K	$7.5M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0409	+0.347%	$237K	$472K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0386	+0.125%	$120K	$722K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0382	+0.087%	$47K	$243K	20x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0392	+0.183%	$2K	$1.8M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0386	+0.125%	$6K	$2.1M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0377	+0.039%	$597K	$19.9M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0387	+0.135%	$11.6M	$25.9M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0373	+0.001%	$1.4M	$4.1M	50x	as long as short
01 Exchange SUIUSD	+0.0104%	1h	1.0373	0.000%	$9K	$3K	10x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0386	+0.125%	$39K	$16K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0152%	1h	1.0386	+0.125%	$977K	$14.6M	50x	as long as short
Phoenix SUI	+0.0221%	1h	1.0426	+0.511%	$207K	$595K	10x	as long as short
Hyperliquid SUI	+0.0313%	1h	1.0396	+0.222%	$74.9M	$80.2M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0627% / S −0.0278%	1h	1.0383	+0.096%	$980K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1116%	1h	1.0394	+0.206%	$82K	$383K	10x	as long as short