Settings8H · net · $10k
Funding arb · Price arb /

SUI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0386%/8h= +42.2% APRnext payment +$0.48 per $10,000 · paid last 24h +0.137%
Price spread now: Hyperliquid against gTrade (Gains Network)+0.181%7-day average +0.110% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$288as in the Price arb table
costs, in and out, $10k−$2952.954% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.265%+$26 on $10k
Price spread, last 3 days (all we have)−0.058%−$6 · spread now +0.181%, 7d avg +0.110%
Together, before fees+0.207%+ Points / potential airdropHyperliquid: Season 2 · farm board+$21 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Hyperliquid is 0.070% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.110%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) SUI/USD1.0510L +0.0003% / S −0.0002%pay 0.0000% / 1h34m 57s$121K150x
ShortHyperliquid SUI1.05290.0388get 0.0049% / 1h34m 57s$76.7M$78.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$80.98
Price spread: +0.181% → +0.110%
$7.05
Slippage, 4 orders
−$276.35
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$207.32
Costs to cover
2.954%
Break-even
24.9 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 39 min ago; Hyperliquid: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) virtual book (oracle venue), 39 min ago130.07 bp142.9 bp −$143977.3 bp −$9,77310438.7 bp −$1.04Mdoesn't fit
Sell Hyperliquid live order book, 9 min ago2.39 bp9.2 bp −$912.8 bp −$128doesn't fitdoesn't fit

SUI on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SUI/USDC PERP−0.3416%1h1.0330−1.713%$42K$123K12xas long as short
Bluefin SUI-PERP−0.0710%1h1.0495−0.143%$602K$410K25xas long as short
Hibachi SUI/USDT-P−0.0424%1h1.0484−0.245%$6K$19K7xas long as short
Reya SUIRUSDPERP−0.0371%1h1.0499−0.100%$4K$3K20xas long as short
Phemex SUIUSDT−0.0059%8h1.0508−0.019%$11.8M$25.1M50xas long as short
dYdX SUI-USD0.0000%1h1.0495−0.143%$96K$169K10xas long as short
Kalshi KXSUIPERP0.0000%8h1.0494−0.154%$482K$5.0M2.5xas long as short
Deribit SUI_USDC-PERPETUAL0.0000%1h1.0511+0.010%$204K$583K25xas long as short
gTrade (Gains Network) SUI/USDlongL +0.0003% / S −0.0002%1h1.0510long leg$121K150x
Kraken Futures PF_SUIUSD+0.0038%1h1.0514+0.038%$7.3M$23.9M50xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange SUIUSD+0.0072%1h1.0509−0.010%$9K$9K10xas long as short
Lighter SUI+0.0096%1h1.0515+0.044%$816K$5.8M10xas long as short
Lighter RH SUI+0.0096%1h1.0511+0.005%$272K$2.0M10xas long as short
Popdex SUIUSDT+0.0096%1h1.0498−0.114%$33K$481K50xas long as short
Orderly PERP_SUI_USDC+0.0100%8h1.0508−0.019%$47K$314K20xas long as short
Paradex SUI-USD-PERP+0.0100%8h1.0494−0.153%$28K$9K30xas long as short
Nado SUI-PERP+0.0100%1h1.0504−0.057%$666K$1.4M10xas long as short
Aster SUIUSDT+0.0100%8h1.0507−0.029%$998K$4.8M75xas long as short
Pacifica SUI+0.0100%1h1.0495−0.145%$228K$256K10xas long as short
Binance SUIUSDT+0.0100%8h1.0524+0.135%$156.3M$1.02B75xas long as short
Bybit SUIUSDT+0.0100%8h1.0528+0.170%$105.4M$305.0M50xas long as short
OKX SUI-USDT-SWAP+0.0100%8h1.0522+0.114%$42.0M$388.2M50xas long as short
Arcus SUI-USD+0.0100%1h1.05100.000%$47K$387K10xas long as short
Bulk SUI-USD+0.0100%1h1.0450−0.574%$246K$81310xas long as short
Gate SUI_USDT+0.0100%8h1.0513+0.029%$169.1M$80.6M50xas long as short
MEXC SUI_USDT+0.0100%8h1.0513+0.029%$154.7M$293.1M300xas long as short
KuCoin SUIUSDTM+0.0100%8h1.0503−0.067%$51.3M$52.7M75xas long as short
Bitget SUIUSDT+0.0100%8h1.0521+0.105%$69.4M$165.8M75xas long as short
BingX SUI-USDT+0.0100%8h1.0514+0.038%$81.4Mas long as short
Backpack SUI_USDC_PERP+0.0100%1h1.0513+0.029%$679K$1.1M20xas long as short
Variational Omni SUI+0.0100%8h1.0488−0.211%$2.4M$2.9Mas long as short
edgeX SUIUSDC+0.0100%4h1.0449−0.583%$170K$4.5M20xas long as short
GRVT SUI_USDT_Perp+0.0100%8h1.0444−0.628%$452K$7.3M10xas long as short
ApeX Omni SUIUSDT+0.0100%1h1.0479−0.295%$241K$479K50xas long as short
Polymarket Perps SUI-USD+0.0100%1h1.0512+0.019%$120K$757K10xas long as short
SunX SUI-USDT+0.0100%8h1.0514+0.038%$2K$1.9M30xas long as short
SoDEX SUI-USD+0.0100%1h1.0508−0.019%$6K$2.3M10xas long as short
HTX SUI-USDT+0.0100%8h1.0502−0.076%$649K$18.5M75xas long as short
Extended SUI-USD+0.0104%1h1.0521+0.108%$1.5M$3.9M50xas long as short
Aevo SUI-PERP+0.0104%1h1.0513+0.026%$40K$16K3xas long as short
Coinbase International SUI-PERP-INTX+0.0200%1h1.0508−0.019%$998K$14.4M50xas long as short
BloFin SUI-USDT+0.0220%8h1.0518+0.076%$8.1M$24.2M100xas long as short
Phoenix SUI+0.0299%1h1.0503−0.062%$208K$590K10xas long as short
Hyperliquid SUIshort+0.0388%1h1.0529+0.181%$76.7M$78.9M10x
GMX SUI/USD [ETH-USDC]L +0.0640% / S −0.0324%1h1.0511+0.009%$914K100xas long as short
Aftermath Perps SUIUSD+0.0870%1h1.0465−0.429%$93K$368K10xas long as short