Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against Gate+0.049%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$480.476% of the position

Long on Gate Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.049%, 7d avg +0.033%

Together, before fees−0.037%−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SUI_USDT	1.0162	0.0100	pay 0.0100% / 8h	5h 53m	$168.0M	$67.6M	50x
Short	Phemex SUIUSDT	1.0167	0.0100	get 0.0100% / 8h	5h 53m	$11.7M	$28.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Gate. 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 GatebpFee PhemexbpOrdersPrice spread, now +0.049%Rate

Funding earned: $0
Price spread: +0.049% → +0.033%: $1.64
Slippage, 4 orders: −$20.64
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$46
Costs to cover: 0.476%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Phemex: 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 Gate live order book, 4 min ago	0.49 bp	15.3 bp −$15	26.9 bp −$269	40.2 bp −$4,021	75.2 bp −$37.6K
Sell Phemex live order book, 4 min ago	0.49 bp	9.0 bp −$9	21.8 bp −$218	doesn't fit	doesn't fit

SUI on 46 exchanges

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	−0.3324%	1h	1.0075	−0.856%	$41K	$113K	12x	as long as short
Reya SUIRUSDPERP	−0.0385%	1h	1.0162	−0.004%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0368%	1h	1.0164	+0.017%	$5K	$16K	7x	as long as short
Bluefin SUI-PERP	−0.0285%	1h	1.0152	−0.098%	$584K	$407K	25x	as long as short
Kraken Futures PF_SUIUSD	−0.0042%	1h	1.0172	+0.100%	$6.9M	$19.6M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0173	+0.108%	$95K	$241K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0175	+0.126%	$379K	$3.7M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0168	+0.059%	$193K	$501K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0165	+0.025%	$116K	—	150x	as long as short
01 Exchange SUIUSD	+0.0024%	1h	1.0165	+0.030%	$8K	$3K	10x	as long as short

Show all 46 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SUI	+0.0096%	1h	1.0168	+0.061%	$739K	$4.5M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0168	+0.055%	$327K	$2.1M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0163	+0.010%	$55K	$517K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0099%	8h	1.0166	+0.039%	$55K	$700K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0167	+0.052%	$27K	$2K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0162	+0.005%	$660K	$2.0M	10x	as long as short
Hyperliquid SUI	+0.0100%	1h	1.0173	+0.108%	$72.9M	$66.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0171	+0.087%	$904K	$3.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0172	+0.103%	$216K	$207K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0167	+0.053%	$143.7M	$871.2M	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0161	−0.008%	$97.1M	$269.5M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0160	−0.020%	$41.2M	$315.7M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0170	+0.079%	$43K	$311K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0190	+0.276%	$233K	$8K	10x	as long as short
Gate SUI_USDTlong	+0.0100%	8h	1.0162	long leg	$168.0M	$67.6M	50x
MEXC SUI_USDT	+0.0100%	8h	1.0164	+0.020%	$95.3M	$245.3M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0171	+0.089%	$50.5M	$46.6M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0158	−0.039%	$66.6M	$141.6M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0163	+0.010%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0161	−0.010%	$650K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0171	+0.088%	$2.4M	$2.7M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0192	+0.297%	$164K	$3.8M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0172	+0.095%	$440K	$6.7M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0174	+0.118%	$205K	$385K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0168	+0.059%	$122K	$476K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0181	+0.187%	$2K	$1.3M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0166	+0.039%	$6K	$1.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0168	+0.059%	$753K	$16.8M	75x	as long as short
Phemex SUIUSDTshort	+0.0100%	8h	1.0167	+0.049%	$11.7M	$28.2M	50x
Extended SUI-USD	+0.0104%	1h	1.0161	−0.008%	$1.5M	$3.5M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0168	+0.054%	$39K	$11K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0174	+0.118%	$7.5M	$22.5M	100x	as long as short
Phoenix SUI	+0.0250%	1h	1.0180	+0.175%	$203K	$318K	10x	as long as short
Coinbase International SUI-PERP-INTX	+0.0312%	1h	1.0171	+0.089%	$1.0M	$11.2M	50x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0608% / S −0.0268%	1h	1.0165	+0.030%	$947K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0869%	1h	1.0189	+0.263%	$80K	$404K	10x	as long as short