Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.029%

Price spread now: Bybit against gTrade (Gains Network)−0.063%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$300as in the Price arb table

costs, in and out, $10k−$2932.934% of the position

Long on gTrade (Gains Network)Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.097%+$10 on $10k

Price spread, last 4 days (all we have)+0.116%+$12 · spread now −0.063%, 7d avg +0.004%

Together, before fees+0.213%+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.066% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.063% now, against its 7-day average of +0.004%). If the spread goes back, that is −$7 on $10k: about 2.3 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) SUI/USD	1.0187	L +0.0003% / S −0.0003%	pay 0.0000% / 1h	49m 57s	$115K	—	150x
Short	Bybit SUIUSDT	1.0181	0.0100	get 0.0100% / 8h	1h 49m	$100.0M	$320.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BybitbpOrdersPrice spread, now −0.063%Rate

Funding earned: $20.42
Price spread: −0.063% → +0.004%: −$6.64
Slippage, 4 orders: −$272.37
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$279.6
Costs to cover: 2.934%
Break-even: 102.8 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 59 min ago; Bybit: live order book, 4 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 gTrade (Gains Network) virtual book (oracle venue), 59 min ago	130.08 bp	142.9 bp −$143	977.3 bp −$9,773	10438.7 bp −$1.04M	doesn't fit
Sell Bybit live order book, 4 min ago	0.49 bp	6.7 bp −$7	11.6 bp −$116	43.9 bp −$4,387	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	−0.3536%	1h	1.0119	−0.671%	$42K	$113K	12x	as long as short
Reya SUIRUSDPERP	−0.0379%	1h	1.0186	−0.019%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0184%	1h	1.0164	−0.228%	$5K	$21K	7x	as long as short
Bluefin SUI-PERP	−0.0008%	1h	1.0177	−0.102%	$584K	$430K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0177	−0.098%	$95K	$294K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0188	+0.007%	$376K	$4.9M	2.5x	as long as short
gTrade (Gains Network) SUI/USDlong	L +0.0003% / S −0.0003%	1h	1.0187	long leg	$115K	—	150x
Deribit SUI_USDC-PERPETUAL	+0.0044%	1h	1.0193	+0.055%	$196K	$563K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0192	+0.042%	$792K	$5.3M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0199	+0.112%	$298K	$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	1.0188	+0.006%	$34K	$546K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0189	+0.016%	$47K	$208K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0182	−0.051%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0168	−0.190%	$537K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0186	−0.010%	$899K	$4.3M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0179	−0.085%	$217K	$264K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0187	−0.002%	$145.9M	$1.05B	75x	as long as short
Bybit SUIUSDTshort	+0.0100%	8h	1.0181	−0.063%	$100.0M	$320.6M	50x
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0184	−0.033%	$40.9M	$390.3M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0190	+0.026%	$43K	$329K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0165	−0.220%	$239K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0184	−0.033%	$166.0M	$82.8M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0186	−0.014%	$152.0M	$290.7M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0177	−0.102%	$49.8M	$53.5M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0184	−0.033%	$67.3M	$177.2M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0183	−0.043%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0191	+0.035%	$671K	$1.4M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0168	−0.192%	$2.4M	$3.5M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0172	−0.154%	$164K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0187	−0.004%	$442K	$7.5M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0167	−0.200%	$223K	$417K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0192	+0.045%	$131K	$646K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0195	+0.075%	$2K	$1.7M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0193	+0.055%	$6K	$1.9M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0191	+0.035%	$623K	$19.2M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0190	+0.026%	$11.7M	$28.0M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0179	−0.080%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0190	+0.025%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0200%	1h	1.0192	+0.045%	$9K	$2K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0170	−0.171%	$7.6M	$24.8M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0280%	1h	1.0204	+0.163%	$1.0M	$15.0M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0364%	1h	1.0196	+0.084%	$6.8M	$25.0M	50x	as long as short
Phoenix SUI	+0.0431%	1h	1.0203	+0.148%	$202K	$413K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0604% / S −0.0264%	1h	1.0188	+0.009%	$939K	—	100x	as long as short
Hyperliquid SUI	+0.0688%	1h	1.0205	+0.173%	$74.4M	$82.3M	10x	as long as short
Aftermath Perps SUIUSD	+0.1429%	1h	1.0198	+0.099%	$82K	$409K	10x	as long as short