Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.003%

Price spread now: Deribit against Bitget−0.250%7-day average +0.060% · you buy dearer than you sell

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

Long on Bitget Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$5 on $10k

Price spread, last 4 days (all we have)+0.373%+$37 · spread now −0.250%, 7d avg +0.060%

Together, before fees+0.418%+$42 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.310% cheaper against Bitget than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of +0.060%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SUIUSDT	1.0415	0.0100	pay 0.0100% / 8h	4h 40m	$68.1M	$171.5M	75x
Short	Deribit SUI_USDC-PERPETUAL	1.0389	0	get 0.0000% / 1h	40m 59s	$202K	$574K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bitget. 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 BitgetbpFee DeribitbpOrdersPrice spread, now −0.250%Rate

Funding earned: −$21
Price spread: −0.250% → +0.060%: −$30.96
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$70.96
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 min ago; Deribit: live order book, 18 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 Bitget live order book, 3 min ago	0.96 bp	10.1 bp −$10	14.2 bp −$142	48.2 bp −$4,816	doesn't fit
Sell Deribit live order book, 18 min ago	112.71 bp	doesn't fit	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	−0.3244%	1h	1.0320	−0.912%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0375%	1h	1.0376	−0.376%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0296%	1h	1.0412	−0.028%	$6K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0401	−0.133%	$130K	$227K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0391	−0.231%	$507K	$5.0M	2.5x	as long as short
Deribit SUI_USDC-PERPETUALshort	0.0000%	1h	1.0389	−0.250%	$202K	$574K	25x
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0381	−0.324%	$113K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0398	−0.158%	$827K	$5.5M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0395	−0.195%	$301K	$2.2M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0384	−0.298%	$40K	$516K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex SUI-USD-PERP	+0.0100%	8h	1.0396	−0.186%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0377	−0.360%	$685K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0390	−0.237%	$910K	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0399	−0.151%	$225K	$260K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0416	+0.010%	$151.7M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0423	+0.073%	$103.0M	$310.6M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0420	+0.048%	$41.4M	$390.0M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0390	−0.240%	$44K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0390	−0.240%	$244K	$6K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0399	−0.154%	$165.7M	$83.0M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0396	−0.182%	$152.2M	$294.0M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0395	−0.192%	$50.0M	$54.2M	75x	as long as short
Bitget SUIUSDTlong	+0.0100%	8h	1.0415	long leg	$68.1M	$171.5M	75x
BingX SUI-USDT	+0.0100%	8h	1.0404	−0.106%	—	$82.4M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0393	−0.211%	$663K	$1.4M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0381	−0.330%	$2.5M	$3.4M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0418	+0.025%	$170K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0388	−0.255%	$452K	$7.7M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0399	−0.154%	$232K	$486K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0395	−0.192%	$123K	$756K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0386	−0.278%	$48K	$190K	20x	as long as short
Bluefin SUI-PERP	+0.0100%	1h	1.0378	−0.355%	$594K	$401K	25x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0398	−0.163%	$2K	$1.8M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0387	−0.269%	$14K	$2.1M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0382	−0.317%	$572K	$19.7M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0395	−0.192%	$11.9M	$26.6M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0413	−0.021%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0394	−0.201%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0120%	1h	1.0385	−0.288%	$9K	$3K	10x	as long as short
Kraken Futures PF_SUIUSD	+0.0162%	1h	1.0392	−0.219%	$6.9M	$27.0M	50x	as long as short
Coinbase International SUI-PERP-INTX	+0.0216%	1h	1.0389	−0.250%	$991K	$15.0M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0399	−0.154%	$8.0M	$25.0M	100x	as long as short
Phoenix SUI	+0.0390%	1h	1.0414	−0.010%	$211K	$421K	10x	as long as short
Hyperliquid SUI	+0.0427%	1h	1.0419	+0.038%	$75.6M	$81.6M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0614% / S −0.0267%	1h	1.0380	−0.332%	$959K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1574%	1h	1.0409	−0.059%	$83K	$396K	10x	as long as short