Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.014%

Price spread now: SunX against Deribit+0.137%7-day average +0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1311.308% of the position

Long on Deribit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 4 days (all we have)−0.079%−$8 · spread now +0.137%, 7d avg +0.072%

Together, before fees−0.055%−$6 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 SunX is 0.065% dearer against Deribit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SUI_USDC-PERPETUAL	1.0226	0	get 0.0000% / 1h	48m 28s	$199K	$571K	25x
Short	SunX SUI-USDT	1.0240	0.0100	get 0.0100% / 8h	2h 48m	$3K	$1.7M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.137%Rate

Funding earned: $21
Price spread: +0.137% → +0.072%: $6.53
Slippage, 4 orders: −$115.83
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$103.29
Costs to cover: 1.308%
Break-even: 41.4 days

Slippage from Deribit: live order book, 65 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 Deribit live order book, 65 min ago	4.82 bp	9.3 bp −$9	16.2 bp −$162	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	29.80 bp	67.3 bp −$67	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	−0.3309%	1h	1.0051	−1.711%	$41K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0378%	1h	1.0247	+0.205%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0136%	1h	1.0220	−0.062%	$6K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0238	+0.119%	$128K	$227K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0229	+0.032%	$482K	$5.0M	2.5x	as long as short
Deribit SUI_USDC-PERPETUALlong	0.0000%	1h	1.0226	long leg	$199K	$571K	25x
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0245	+0.181%	$115K	—	150x	as long as short
Bluefin SUI-PERP	+0.0068%	1h	1.0211	−0.147%	$586K	$408K	25x	as long as short
01 Exchange SUIUSD	+0.0088%	1h	1.0251	+0.244%	$9K	$3K	10x	as long as short
Lighter SUI	+0.0096%	1h	1.0244	+0.179%	$776K	$5.4M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SUI	+0.0096%	1h	1.0245	+0.183%	$304K	$2.2M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0249	+0.225%	$47K	$519K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0225	−0.010%	$47K	$189K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0240	+0.140%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0250	+0.240%	$580K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0244	+0.178%	$880K	$4.3M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0241	+0.145%	$221K	$254K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0249	+0.225%	$146.2M	$1.04B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0246	+0.191%	$101.0M	$309.9M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0251	+0.244%	$40.5M	$386.7M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0250	+0.235%	$43K	$330K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0226	−0.001%	$240K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0244	+0.176%	$168.1M	$82.7M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0249	+0.225%	$152.2M	$290.6M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0250	+0.235%	$50.3M	$53.9M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0247	+0.205%	$66.7M	$175.6M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0247	+0.205%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0221	−0.049%	$630K	$1.3M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0233	+0.066%	$2.4M	$3.4M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0221	−0.049%	$164K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0241	+0.144%	$442K	$7.5M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0230	+0.039%	$223K	$434K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0257	+0.303%	$138K	$733K	10x	as long as short
SunX SUI-USDTshort	+0.0100%	8h	1.0240	+0.137%	$3K	$1.7M	30x
SoDEX SUI-USD	+0.0100%	1h	1.0223	−0.029%	$14K	$2.0M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0217	−0.088%	$595K	$19.5M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0222	−0.039%	$11.7M	$27.4M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0245	+0.188%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0225	−0.012%	$39K	$11K	3x	as long as short
Kraken Futures PF_SUIUSD	+0.0172%	1h	1.0224	−0.020%	$6.7M	$24.7M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0225	−0.010%	$7.6M	$24.5M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0247	+0.205%	$974K	$15.0M	50x	as long as short
Hyperliquid SUI	+0.0351%	1h	1.0259	+0.323%	$73.6M	$80.6M	10x	as long as short
Phoenix SUI	+0.0416%	1h	1.0246	+0.199%	$203K	$422K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0600% / S −0.0260%	1h	1.0244	+0.172%	$937K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1380%	1h	1.0233	+0.068%	$82K	$408K	10x	as long as short