Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0284%/8h= −31.1% APRpaid last 24h −0.179%

Price spread now: Hibachi against Bybit+0.156%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds both histories

The price spread pays, funding is against you. Hibachi is 0.156% dearer against Bybit than usual: you sell high and buy low (spread +0.156% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SUIUSDT	1.0146	0.0100	pay 0.0100% / 8h	1h 43m	$99.3M	$319.7M	50x
Short	Hibachi SUI/USDT-P	1.0162	−0.0184	pay 0.0023% / 1h	43m 41s	$5K	$21K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Bybit. 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 BybitbpFee HibachibpOrdersPrice spread, now +0.156%Rate

Funding earned: −$59.64
Price spread: +0.156% → 0.000%: $15.6
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$64.04
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 min ago; Hibachi: no order-book sample. 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 Bybit live order book, 5 min ago	0.49 bp	6.5 bp −$6	9.7 bp −$97	36.5 bp −$3,647	doesn't fit
Sell Hibachi no order-book sample	—	—	—	—	—

Hibachi: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.3536%	1h	1.0076	−0.694%	$41K	$113K	12x	as long as short
Reya SUIRUSDPERP	−0.0379%	1h	1.0149	+0.026%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-Pshort	−0.0184%	1h	1.0162	+0.156%	$5K	$21K	7x
Bluefin SUI-PERP	−0.0030%	1h	1.0132	−0.142%	$581K	$428K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0137	−0.090%	$95K	$294K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0161	+0.144%	$376K	$4.9M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0145	−0.014%	$195K	$563K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0152	+0.055%	$115K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0133	−0.131%	$786K	$5.3M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0151	+0.043%	$296K	$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	1.0142	−0.043%	$35K	$521K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0144	−0.024%	$47K	$212K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0136	−0.099%	$27K	$8K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0154	+0.075%	$536K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0144	−0.023%	$895K	$4.3M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0140	−0.060%	$217K	$264K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0137	−0.093%	$145.2M	$1.04B	75x	as long as short
Bybit SUIUSDTlong	+0.0100%	8h	1.0146	long leg	$99.3M	$319.7M	50x
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0147	+0.006%	$40.8M	$385.1M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0150	+0.035%	$43K	$329K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0165	+0.183%	$239K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0146	−0.004%	$165.3M	$82.9M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0150	+0.035%	$151.2M	$291.1M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0140	−0.063%	$49.6M	$53.3M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0143	−0.034%	$66.9M	$175.5M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0147	+0.006%	—	$87.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0142	−0.043%	$668K	$1.4M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0130	−0.164%	$2.4M	$3.5M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0143	−0.038%	$164K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0139	−0.073%	$438K	$7.5M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0159	+0.124%	$223K	$409K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0160	+0.134%	$129K	$668K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0158	+0.114%	$3K	$1.7M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0147	+0.006%	$6K	$1.9M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0148	+0.016%	$621K	$19.0M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0143	−0.034%	$11.7M	$28.1M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0145	−0.016%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0149	+0.027%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0192%	1h	1.0147	+0.006%	$9K	$2K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0169	+0.223%	$7.6M	$24.8M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0280%	1h	1.0176	+0.292%	$1.0M	$14.9M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0366%	1h	1.0146	−0.001%	$6.8M	$23.1M	50x	as long as short
Phoenix SUI	+0.0431%	1h	1.0151	+0.050%	$201K	$413K	10x	as long as short
Hyperliquid SUI	+0.0566%	1h	1.0148	+0.016%	$73.0M	$83.5M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0600% / S −0.0263%	1h	1.0151	+0.048%	$933K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1408%	1h	1.0166	+0.189%	$82K	$410K	10x	as long as short