Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against Bulk+0.004%7-day average +0.052% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1231.228% of the position

Long on Bulk Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 3 days (all we have)+0.285%+$29 · spread now +0.004%, 7d avg +0.052%

Together, before fees+0.286%+$29 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: SunX is 0.048% cheaper against Bulk than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk SUI-USD	1.0202	0.0100	pay 0.0013% / 1h	58m 54s	$240K	$2K	10x
Short	SunX SUI-USDT	1.0202	0.0100	get 0.0100% / 8h	1h 58m	$2K	$1.9M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.004%Rate

Funding earned: $0
Price spread: +0.004% → +0.052%: −$4.82
Slippage, 4 orders: −$107.83
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$127.65
Costs to cover: 1.228%
Break-even: never at this rate

Slippage from Bulk: live order book, 25 min ago; SunX: live order book, 7 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, 25 min ago	0.49 bp	4.0 bp −$4	6.2 bp −$62	15.3 bp −$1,532	35.6 bp −$17.8K
Sell SunX live order book, 7 min ago	29.95 bp	68.9 bp −$69	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	−0.2926%	1h	1.0068	−1.309%	$41K	$123K	12x	as long as short
Hibachi SUI/USDT-P	−0.0472%	1h	1.0191	−0.105%	$6K	$18K	7x	as long as short
Reya SUIRUSDPERP	−0.0367%	1h	1.0205	+0.030%	$4K	$3K	20x	as long as short
Nado SUI-PERP	−0.0209%	1h	1.0194	−0.069%	$595K	$1.3M	10x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0169	−0.319%	$93K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0219	+0.167%	$456K	$5.5M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0205	+0.034%	$186K	$547K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0204	+0.021%	$118K	—	150x	as long as short
Bluefin SUI-PERP	+0.0040%	1h	1.0190	−0.113%	$584K	$405K	25x	as long as short
01 Exchange SUIUSD	+0.0072%	1h	1.0186	−0.153%	$9K	$9K	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SUI	+0.0096%	1h	1.0205	+0.037%	$780K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0214	+0.118%	$252K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0192	−0.094%	$36K	$503K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0098%	8h	1.0202	+0.004%	$45K	$376K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0177	−0.242%	$27K	$9K	30x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0201	−0.008%	$999K	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0180	−0.215%	$220K	$261K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0200	−0.019%	$151.2M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0200	−0.015%	$102.0M	$306.9M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0196	−0.055%	$40.9M	$382.0M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0180	−0.211%	$147K	$297K	10x	as long as short
Bulk SUI-USDlong	+0.0100%	1h	1.0202	long leg	$240K	$2K	10x
Gate SUI_USDT	+0.0100%	8h	1.0203	+0.014%	$164.4M	$80.4M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0201	−0.006%	$148.0M	$292.5M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0200	−0.015%	$51.6M	$51.9M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0194	−0.074%	$67.1M	$168.9M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0201	−0.006%	—	$81.9M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0211	+0.092%	$649K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0201	−0.005%	$2.2M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0200	−0.020%	$164K	$4.4M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0191	−0.105%	$440K	$7.1M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0204	+0.024%	$231K	$445K	50x	as long as short
SunX SUI-USDTshort	+0.0100%	8h	1.0202	+0.004%	$2K	$1.9M	30x
SoDEX SUI-USD	+0.0100%	1h	1.0203	+0.014%	$6K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0210	+0.083%	$620K	$18.8M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0207	+0.053%	$11.4M	$24.6M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0205	+0.031%	$1.4M	$3.7M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0205	+0.032%	$48K	$37K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0216	+0.141%	$8.0M	$23.8M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0205	+0.034%	$979K	$13.7M	50x	as long as short
Phoenix SUI	+0.0290%	1h	1.0194	−0.072%	$184K	$574K	10x	as long as short
Kraken Futures PF_SUIUSD	+0.0298%	1h	1.0209	+0.073%	$7.0M	$24.0M	50x	as long as short
Hyperliquid SUI	+0.0311%	1h	1.0217	+0.155%	$72.7M	$81.6M	10x	as long as short
Polymarket Perps SUI-USD	+0.0417%	1h	1.0208	+0.063%	$106K	$785K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0637% / S −0.0311%	1h	1.0202	+0.002%	$893K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0673%	1h	1.0191	−0.106%	$91K	$381K	10x	as long as short