Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.007%

Price spread now: Binance against Bulk−0.462%7-day average −0.081% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$210.211% of the position

Long on Bulk Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.007%−$1 on $10k

Price spread, last 4 days (all we have)+0.551%+$55 · spread now −0.462%, 7d avg −0.081%

Together, before fees+0.544%+$54 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: Binance is 0.381% cheaper against Bulk than usual: you would sell low and buy high, −$38 on $10k if it goes back to its 7-day average of −0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk SUI-USD	1.0400	0.0100	pay 0.0013% / 1h	20m 25s	$245K	$3K	10x
Short	Binance SUIUSDT	1.0352	0.0100	get 0.0100% / 8h	6h 20m	$151.4M	$1.05B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bulk. 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 BulkbpFee BinancebpOrdersPrice spread, now −0.462%Rate

Funding earned: $0
Price spread: −0.462% → −0.081%: −$38.14
Slippage, 4 orders: −$4.13
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$59.27
Costs to cover: 0.211%
Break-even: never at this rate

Slippage from Bulk: live order book, 49 min ago; Binance: live order book, 9 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 Bulk live order book, 49 min ago	0.46 bp	4.8 bp −$5	7.1 bp −$71	16.5 bp −$1,651	36.4 bp −$18.2K
Sell Binance live order book, 9 min ago	0.48 bp	6.1 bp −$6	9.4 bp −$94	28.0 bp −$2,797	77.2 bp −$38.6K

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 PERP	−0.4499%	1h	1.0236	−1.577%	$42K	$123K	12x	as long as short
Hibachi SUI/USDT-P	−0.0384%	1h	1.0379	−0.204%	$6K	$19K	7x	as long as short
Reya SUIRUSDPERP	−0.0372%	1h	1.0346	−0.516%	$4K	$3K	20x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0352	−0.462%	$94K	$171K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0378	−0.210%	$508K	$5.1M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0378	−0.212%	$202K	$578K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0378	−0.209%	$113K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0012%	1h	1.0381	−0.184%	$6.8M	$27.0M	50x	as long as short
Bluefin SUI-PERP	+0.0079%	1h	1.0363	−0.356%	$593K	$416K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0356	−0.423%	$820K	$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	1.0354	−0.442%	$276K	$2.1M	10x	as long as short
01 Exchange SUIUSD	+0.0096%	1h	1.0348	−0.500%	$9K	$3K	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0351	−0.472%	$31K	$493K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0352	−0.467%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0353	−0.457%	$748K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0354	−0.444%	$909K	$5.0M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0350	−0.481%	$226K	$269K	10x	as long as short
Binance SUIUSDTshort	+0.0100%	8h	1.0352	−0.462%	$151.4M	$1.05B	75x
Bybit SUIUSDT	+0.0100%	8h	1.0351	−0.469%	$102.7M	$312.6M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0350	−0.481%	$40.8M	$390.5M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0360	−0.385%	$44K	$373K	10x	as long as short
Bulk SUI-USDlong	+0.0100%	1h	1.0400	long leg	$245K	$3K	10x
Gate SUI_USDT	+0.0100%	8h	1.0349	−0.491%	$163.8M	$84.3M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0350	−0.481%	$149.9M	$299.8M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0356	−0.423%	$51.6M	$53.7M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0345	−0.529%	$67.3M	$171.6M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0349	−0.491%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0373	−0.260%	$692K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0378	−0.216%	$2.4M	$3.2M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0378	−0.213%	$169K	$4.7M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0394	−0.058%	$449K	$7.5M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0381	−0.183%	$237K	$501K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0360	−0.385%	$119K	$723K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0375	−0.241%	$47K	$250K	20x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0381	−0.183%	$2K	$1.8M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0376	−0.231%	$6K	$2.2M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0376	−0.231%	$645K	$19.8M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0376	−0.231%	$11.6M	$25.8M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0344	−0.541%	$1.5M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0380	−0.193%	$39K	$16K	3x	as long as short
Hyperliquid SUI	+0.0143%	1h	1.0361	−0.373%	$74.2M	$80.5M	10x	as long as short
Coinbase International SUI-PERP-INTX	+0.0152%	1h	1.0375	−0.241%	$994K	$14.6M	50x	as long as short
Phoenix SUI	+0.0221%	1h	1.0410	+0.097%	$206K	$595K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0614% / S −0.0271%	1h	1.0378	−0.216%	$963K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1052%	1h	1.0377	−0.220%	$79K	$380K	10x	as long as short