Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter RH against Bybit+0.019%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$230.226% of the position

Long on Bybit Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)−0.066%−$7 · spread now +0.019%, 7d avg +0.037%

Together, before fees−0.058%+ Points / potential airdropLighter RH: Points live · farm board−$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SUIUSDT	1.0301	0.0100	pay 0.0100% / 8h	1h 45m	$103.2M	$306.9M	50x
Short	Lighter RH SUI	1.0303	0.0096	get 0.0012% / 1h	45m 21s	$254K	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$0.84
Price spread: +0.019% → +0.037%: −$1.74
Slippage, 4 orders: −$11.57
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$25.15
Costs to cover: 0.226%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Lighter RH: live order book, 2 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, 4 min ago	0.49 bp	8.0 bp −$8	11.9 bp −$119	31.3 bp −$3,131	doesn't fit
Sell Lighter RH live order book, 2 min ago	2.48 bp	5.5 bp −$5	16.6 bp −$166	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	1.0133	−1.627%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0367%	1h	1.0296	−0.047%	$4K	$3K	20x	as long as short
Bluefin SUI-PERP	−0.0204%	1h	1.0286	−0.142%	$590K	$405K	25x	as long as short
Hibachi SUI/USDT-P	−0.0072%	1h	1.0279	−0.210%	$6K	$18K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0299	−0.017%	$94K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0283	−0.175%	$458K	$5.5M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0300	−0.006%	$188K	$547K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0298	−0.022%	$119K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0299	−0.017%	$793K	$5.9M	10x	as long as short
Lighter RH SUIshort	+0.0096%	1h	1.0303	+0.019%	$254K	$2.0M	10x

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex SUIUSDT	+0.0096%	1h	1.0298	−0.025%	$37K	$503K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0098%	8h	1.0299	−0.016%	$45K	$375K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0298	−0.025%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0296	−0.045%	$599K	$1.3M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0300	−0.009%	$1.0M	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0299	−0.015%	$224K	$262K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0298	−0.024%	$152.1M	$1.03B	75x	as long as short
Bybit SUIUSDTlong	+0.0100%	8h	1.0301	long leg	$103.2M	$306.9M	50x
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0296	−0.045%	$41.0M	$384.9M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0300	−0.006%	$149K	$286K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0236	−0.630%	$241K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0298	−0.025%	$166.0M	$80.5M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0298	−0.025%	$148.7M	$294.4M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0297	−0.035%	$51.8M	$52.2M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0293	−0.074%	$67.8M	$168.7M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0300	−0.006%	—	$81.8M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0289	−0.113%	$654K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0276	−0.243%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0276	−0.241%	$166K	$4.4M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0271	−0.289%	$447K	$7.0M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0284	−0.161%	$233K	$446K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0305	+0.043%	$106K	$787K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0309	+0.082%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0292	−0.083%	$6K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0285	−0.151%	$628K	$18.7M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0290	−0.103%	$11.5M	$24.6M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0292	−0.083%	$1.5M	$3.8M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0300	−0.001%	$49K	$37K	3x	as long as short
01 Exchange SUIUSD	+0.0112%	1h	1.0299	−0.016%	$9K	$9K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0263	−0.365%	$8.0M	$23.9M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0270	−0.297%	$982K	$13.8M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0295%	1h	1.0296	−0.043%	$7.2M	$24.2M	50x	as long as short
Phoenix SUI	+0.0346%	1h	1.0295	−0.056%	$204K	$574K	10x	as long as short
Hyperliquid SUI	+0.0428%	1h	1.0313	+0.120%	$73.4M	$81.4M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0638% / S −0.0309%	1h	1.0297	−0.033%	$899K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0663%	1h	1.0270	−0.296%	$94K	$384K	10x	as long as short