Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.3756%/8h= −411.2% APRpaid last 24h −0.919%

Price spread now: Injective against BloFin−0.501%7-day average −0.324% · you buy dearer than you sell

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

Long on BloFin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−3.901%−$390 on $10k

Price spread, last 4 days (all we have)+0.182%+$18 · spread now −0.501%, 7d avg −0.324%

Together, before fees−3.719%−$372 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$113 a day on $10k at the current rate, and Injective is 0.177% cheaper against BloFin than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.324%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SUI-USDT	1.0170	0.0220	pay 0.0220% / 8h	1h 50m	$7.6M	$24.8M	100x
Short	Injective SUI/USDC PERP	1.0119	−0.3536	pay 0.0442% / 1h	50m 06s	$42K	$113K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BloFin. 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 BloFinbpFee InjectivebpOrdersPrice spread, now −0.501%Rate

Funding earned: −$788.66
Price spread: −0.501% → −0.324%: −$17.74
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$818.42
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 4 min ago; Injective: live order book, 59 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 BloFin live order book, 4 min ago	0.98 bp	7.0 bp −$7	10.3 bp −$103	19.7 bp −$1,974	45.1 bp −$22.5K
Sell Injective live order book, 59 min ago	68.69 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 PERPshort	−0.3536%	1h	1.0119	−0.501%	$42K	$113K	12x
Reya SUIRUSDPERP	−0.0379%	1h	1.0186	+0.152%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0184%	1h	1.0164	−0.057%	$5K	$21K	7x	as long as short
Bluefin SUI-PERP	−0.0008%	1h	1.0177	+0.069%	$584K	$430K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0177	+0.072%	$95K	$294K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0188	+0.178%	$376K	$4.9M	2.5x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0187	+0.171%	$115K	—	150x	as long as short
Deribit SUI_USDC-PERPETUAL	+0.0044%	1h	1.0193	+0.226%	$196K	$563K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0192	+0.213%	$792K	$5.3M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0199	+0.283%	$298K	$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 SUIUSDT	+0.0096%	1h	1.0188	+0.177%	$34K	$546K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0189	+0.187%	$47K	$208K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0182	+0.120%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0168	−0.020%	$537K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0185	+0.151%	$899K	$4.3M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0179	+0.086%	$217K	$264K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0184	+0.136%	$145.8M	$1.05B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0173	+0.033%	$100.0M	$320.6M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0175	+0.049%	$41.0M	$389.9M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0190	+0.197%	$43K	$329K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0165	−0.049%	$239K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0190	+0.197%	$166.1M	$82.8M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0195	+0.246%	$152.2M	$290.7M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0194	+0.236%	$49.8M	$53.5M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0189	+0.187%	$67.3M	$177.2M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0193	+0.226%	—	$84.8M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0191	+0.206%	$671K	$1.4M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0168	−0.021%	$2.4M	$3.5M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0172	+0.017%	$164K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0187	+0.167%	$442K	$7.5M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0167	−0.029%	$223K	$417K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0192	+0.216%	$131K	$646K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0195	+0.246%	$2K	$1.7M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0193	+0.226%	$6K	$1.9M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0191	+0.206%	$623K	$19.2M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0190	+0.197%	$11.7M	$28.0M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0187	+0.165%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0190	+0.196%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0200%	1h	1.0192	+0.216%	$9K	$2K	10x	as long as short
BloFin SUI-USDTlong	+0.0220%	8h	1.0170	long leg	$7.6M	$24.8M	100x
Coinbase International SUI-PERP-INTX	+0.0280%	1h	1.0204	+0.334%	$1.0M	$15.0M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0364%	1h	1.0196	+0.255%	$6.8M	$25.0M	50x	as long as short
Phoenix SUI	+0.0431%	1h	1.0203	+0.320%	$202K	$413K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0604% / S −0.0264%	1h	1.0188	+0.180%	$939K	—	100x	as long as short
Hyperliquid SUI	+0.0688%	1h	1.0205	+0.344%	$74.4M	$82.3M	10x	as long as short
Aftermath Perps SUIUSD	+0.1429%	1h	1.0198	+0.271%	$82K	$409K	10x	as long as short