Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against Bybit+0.029%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$230.234% of the position

Long on Bybit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.062%+$6 on $10k

Price spread, last 7 days+0.050%+$5 · spread now +0.029%, 7d avg +0.028%

Together, before fees+0.112%+ Points / potential airdropLighter: Season 3 · farm board+$11 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SUIUSDT	1.0637	0.0100	pay 0.0100% / 8h	7h 26m	$106.5M	$304.4M	50x
Short	Lighter SUI	1.0640	0.0096	get 0.0012% / 1h	26m 08s	$822K	$5.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$0.84
Price spread: +0.029% → +0.028%: $0.1
Slippage, 4 orders: −$12.39
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter: 0 bp × 2 orders: $0
Net: −$24.13
Costs to cover: 0.234%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Lighter: 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 Bybit live order book, 3 min ago	0.47 bp	6.0 bp −$6	12.0 bp −$120	38.9 bp −$3,894	doesn't fit
Sell Lighter live order book, 7 min ago	2.19 bp	5.5 bp −$5	15.1 bp −$151	114.1 bp −$11.4K	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	−0.3416%	1h	1.0330	−2.886%	$42K	$123K	12x	as long as short
Bluefin SUI-PERP	−0.0571%	1h	1.0624	−0.122%	$610K	$408K	25x	as long as short
Hibachi SUI/USDT-P	−0.0440%	1h	1.0549	−0.824%	$6K	$18K	7x	as long as short
Reya SUIRUSDPERP	−0.0371%	1h	1.0614	−0.217%	$4K	$3K	20x	as long as short
Phemex SUIUSDT	−0.0351%	8h	1.0640	+0.028%	$11.9M	$25.1M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0595	−0.392%	$97K	$169K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0596	−0.381%	$488K	$4.9M	2.5x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0633	−0.039%	$123K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0038%	1h	1.0646	+0.084%	$7.4M	$23.9M	50x	as long as short
01 Exchange SUIUSD	+0.0072%	1h	1.0619	−0.169%	$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 SUIshort	+0.0096%	1h	1.0640	+0.029%	$822K	$5.8M	10x
Lighter RH SUI	+0.0096%	1h	1.0642	+0.043%	$279K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0619	−0.169%	$30K	$481K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0634	−0.028%	$48K	$312K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0638	+0.014%	$28K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0617	−0.186%	$674K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0623	−0.133%	$1.0M	$4.8M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0601	−0.336%	$230K	$253K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0637	−0.002%	$158.1M	$1.02B	75x	as long as short
Bybit SUIUSDTlong	+0.0100%	8h	1.0637	long leg	$106.5M	$304.4M	50x
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0634	−0.028%	$42.5M	$392.3M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0620	−0.160%	$47K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0564	−0.684%	$248K	$1K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0632	−0.047%	$171.3M	$81.2M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0634	−0.028%	$154.9M	$295.8M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0634	−0.028%	$51.9M	$52.6M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0626	−0.103%	$69.9M	$165.3M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0634	−0.028%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0641	+0.038%	$686K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0638	+0.007%	$2.4M	$2.9M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0548	−0.839%	$171K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0526	−1.044%	$459K	$7.3M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0560	−0.724%	$242K	$479K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0625	−0.113%	$121K	$752K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0646	+0.085%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0637	0.000%	$6K	$2.3M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0636	−0.009%	$656K	$18.7M	75x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0635	−0.017%	$1.5M	$3.9M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0644	+0.062%	$40K	$16K	3x	as long as short
Deribit SUI_USDC-PERPETUAL	+0.0126%	1h	1.0639	+0.019%	$207K	$582K	25x	as long as short
Coinbase International SUI-PERP-INTX	+0.0200%	1h	1.0646	+0.085%	$992K	$14.6M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0547	−0.846%	$8.1M	$24.7M	100x	as long as short
Phoenix SUI	+0.0299%	1h	1.0559	−0.732%	$209K	$590K	10x	as long as short
Hyperliquid SUI	+0.0408%	1h	1.0631	−0.056%	$77.3M	$79.4M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0644% / S −0.0324%	1h	1.0634	−0.028%	$923K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0900%	1h	1.0539	−0.917%	$76K	$380K	10x	as long as short