Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.003%

Price spread now: Bitget against Deribit+0.154%7-day average −0.060% · you sell dearer than you buy

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

Long on Deribit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$5 on $10k

Price spread, last 4 days (all we have)−0.277%−$28 · spread now +0.154%, 7d avg −0.060%

Together, before fees−0.322%−$32 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bitget is 0.214% dearer against Deribit than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SUI_USDC-PERPETUAL	1.0389	0	get 0.0000% / 1h	40m 37s	$202K	$574K	25x
Short	Bitget SUIUSDT	1.0405	0.0100	get 0.0100% / 8h	4h 40m	$68.0M	$171.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Deribit. 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 DeribitbpFee BitgetbpOrdersPrice spread, now +0.154%Rate

Funding earned: $21
Price spread: +0.154% → −0.060%: $21.4
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: $23.4
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Deribit: live order book, 18 min ago; Bitget: live order book, 4 min ago. 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 Deribit live order book, 18 min ago	112.71 bp	126.7 bp −$127	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.96 bp	8.4 bp −$8	12.4 bp −$124	22.1 bp −$2,205	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	−0.3244%	1h	1.0320	−0.664%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0375%	1h	1.0376	−0.127%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0296%	1h	1.0412	+0.222%	$6K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0414	+0.241%	$131K	$227K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0391	+0.018%	$507K	$5.0M	2.5x	as long as short
Deribit SUI_USDC-PERPETUALlong	0.0000%	1h	1.0389	long leg	$202K	$574K	25x
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0381	−0.074%	$113K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0417	+0.268%	$829K	$5.5M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0422	+0.315%	$302K	$2.2M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0384	−0.048%	$40K	$516K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex SUI-USD-PERP	+0.0100%	8h	1.0418	+0.277%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0377	−0.111%	$685K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0415	+0.248%	$912K	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0415	+0.247%	$225K	$260K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0415	+0.255%	$151.7M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0411	+0.212%	$102.9M	$310.7M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0409	+0.193%	$41.4M	$389.5M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0420	+0.298%	$45K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0390	+0.010%	$244K	$6K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0412	+0.221%	$166.0M	$83.0M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0411	+0.212%	$155.3M	$294.6M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0412	+0.221%	$50.0M	$54.2M	75x	as long as short
Bitget SUIUSDTshort	+0.0100%	8h	1.0405	+0.154%	$68.0M	$171.5M	75x
BingX SUI-USDT	+0.0100%	8h	1.0410	+0.202%	—	$82.4M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0393	+0.039%	$663K	$1.4M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0381	−0.081%	$2.5M	$3.4M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0418	+0.275%	$170K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0388	−0.005%	$452K	$7.7M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0399	+0.096%	$232K	$486K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0395	+0.058%	$123K	$756K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0386	−0.029%	$48K	$190K	20x	as long as short
Bluefin SUI-PERP	+0.0100%	1h	1.0378	−0.106%	$594K	$401K	25x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0398	+0.087%	$2K	$1.8M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0387	−0.019%	$14K	$2.1M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0382	−0.067%	$572K	$19.7M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0395	+0.058%	$11.9M	$26.6M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0406	+0.162%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0394	+0.049%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0120%	1h	1.0422	+0.318%	$9K	$3K	10x	as long as short
Kraken Futures PF_SUIUSD	+0.0162%	1h	1.0392	+0.031%	$6.9M	$27.0M	50x	as long as short
Coinbase International SUI-PERP-INTX	+0.0216%	1h	1.0389	0.000%	$991K	$15.0M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0399	+0.096%	$8.0M	$25.0M	100x	as long as short
Phoenix SUI	+0.0390%	1h	1.0414	+0.241%	$211K	$421K	10x	as long as short
Hyperliquid SUI	+0.0424%	1h	1.0426	+0.356%	$75.7M	$81.6M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0614% / S −0.0267%	1h	1.0380	−0.083%	$959K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1574%	1h	1.0409	+0.191%	$83K	$396K	10x	as long as short