Settings8H · net · $10k
Funding arb · Price arb /

SUI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC+0.0704%/8h= +77.1% APRpaid last 24h +0.067%
Price spread now: KuCoin against Bluefin+0.158%7-day average +0.132% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$550.552% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.065%−$7 on $10k
Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.158%, 7d avg +0.132%
Together, before fees−0.162%−$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and KuCoin is 0.027% dearer against Bluefin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.132%. Mind the row above: over the last 7 days funding on this pair cost −0.065%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.065% in total (about -3.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin SUI-PERP1.0116−0.0604get 0.0076% / 1h54m 13s$582K$439K25x
ShortKuCoin SUIUSDTM1.01320.0100get 0.0100% / 8h6h 54m$50.1M$49.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Bluefin. 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

Funding earned
$147.91
Price spread: +0.158% → +0.132%
$2.66
Slippage, 4 orders
−$36.22
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$95.35
Costs to cover
0.552%
Break-even
2.5 days
Slippage from Bluefin: live order book, 40 min ago; KuCoin: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bluefin live order book, 40 min ago2.97 bp12.0 bp −$1284.9 bp −$849doesn't fitdoesn't fit
Sell KuCoin live order book, 5 min ago1.96 bp14.2 bp −$1429.0 bp −$290doesn't fitdoesn't fit

SUI on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SUI/USDC PERP−0.3772%1h1.0143+0.267%$42K$113K12xas long as short
Bluefin SUI-PERPlong−0.0604%1h1.0116long leg$582K$439K25x
Hibachi SUI/USDT-P−0.0584%1h1.0136+0.196%$5K$17K7xas long as short
Reya SUIRUSDPERP−0.0383%1h1.0123+0.070%$4K$3K20xas long as short
01 Exchange SUIUSD−0.0016%1h1.0120+0.040%$8K$3K10xas long as short
dYdX SUI-USD0.0000%1h1.0104−0.119%$94K$246K10xas long as short
Kalshi KXSUIPERP0.0000%8h1.0127+0.110%$373K$3.9M2.5xas long as short
Deribit SUI_USDC-PERPETUAL0.0000%1h1.0132+0.158%$195K$521K25xas long as short
Backpack SUI_USDC_PERP+0.0001%1h1.0122+0.059%$664K$1.3M20xas long as short
gTrade (Gains Network) SUI/USDL +0.0003% / S −0.0003%1h1.0259+1.415%$116K150xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SUIUSD+0.0054%1h1.0131+0.143%$6.8M$21.0M50xas long as short
Lighter SUI+0.0096%1h1.0136+0.198%$751K$4.6M10xas long as short
Lighter RH SUI+0.0096%1h1.0139+0.230%$318K$2.1M10xas long as short
Popdex SUIUSDT+0.0096%1h1.0124+0.079%$53K$523K50xas long as short
Paradex SUI-USD-PERP+0.0100%8h1.0106−0.101%$26K$5K30xas long as short
Nado SUI-PERP+0.0100%1h1.0130+0.136%$667K$2.0M10xas long as short
Hyperliquid SUI+0.0100%1h1.0137+0.208%$73.0M$72.8M10xas long as short
Aster SUIUSDT+0.0100%8h1.0131+0.148%$900K$3.9M75xas long as short
Pacifica SUI+0.0100%1h1.0108−0.083%$215K$214K10xas long as short
Binance SUIUSDT+0.0100%8h1.0136+0.198%$143.8M$938.0M75xas long as short
Bybit SUIUSDT+0.0100%8h1.0139+0.227%$97.5M$291.7M50xas long as short
OKX SUI-USDT-SWAP+0.0100%8h1.0135+0.188%$40.8M$342.8M50xas long as short
Arcus SUI-USD+0.0100%1h1.0120+0.040%$43K$317K10xas long as short
Bulk SUI-USD+0.0100%1h1.0206+0.890%$234K$7K10xas long as short
Gate SUI_USDT+0.0100%8h1.0127+0.109%$166.3M$71.9M50xas long as short
MEXC SUI_USDT+0.0100%8h1.0136+0.198%$93.0M$271.3M300xas long as short
KuCoin SUIUSDTMshort+0.0100%8h1.0132+0.158%$50.1M$49.3M75x
Bitget SUIUSDT+0.0100%8h1.0126+0.099%$66.7M$156.9M75xas long as short
BingX SUI-USDT+0.0100%8h1.0128+0.119%$86.0Mas long as short
Variational Omni SUI+0.0100%8h1.0173+0.559%$2.4M$3.1Mas long as short
edgeX SUIUSDC+0.0100%4h1.0201+0.842%$164K$4.2M20xas long as short
GRVT SUI_USDT_Perp+0.0100%8h1.0208+0.908%$438K$6.9M10xas long as short
ApeX Omni SUIUSDT+0.0100%1h1.0208+0.909%$206K$355K50xas long as short
Polymarket Perps SUI-USD+0.0100%1h1.0134+0.178%$122K$509K10xas long as short
Orderly PERP_SUI_USDC+0.0100%8h1.0131+0.148%$55K$667K20xas long as short
SunX SUI-USDT+0.0100%8h1.0133+0.168%$2K$1.4M30xas long as short
SoDEX SUI-USD+0.0100%1h1.0124+0.079%$6K$1.4M10xas long as short
HTX SUI-USDT+0.0100%8h1.0129+0.129%$767K$17.5M75xas long as short
Phemex SUIUSDT+0.0100%8h1.0130+0.138%$11.7M$28.5M50xas long as short
Extended SUI-USD+0.0104%1h1.0120+0.039%$1.5M$3.9M50xas long as short
Aevo SUI-PERP+0.0104%1h1.0114−0.017%$38K$11K3xas long as short
BloFin SUI-USDT+0.0220%8h1.0134+0.178%$7.5M$24.0M100xas long as short
Coinbase International SUI-PERP-INTX+0.0320%1h1.0138+0.217%$1.0M$12.7M50xas long as short
Phoenix SUI+0.0426%1h1.0241+1.241%$204K$340K10xas long as short
GMX SUI/USD [ETH-USDC]L +0.0609% / S −0.0269%1h1.0135+0.184%$945K100xas long as short
Aftermath Perps SUIUSD+0.1009%1h1.0202+0.849%$80K$416K10xas long as short