Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0540%/8h= −59.1% APRpaid last 24h −0.136%

Price spread now: Bitget against GMX−0.025%7-day average −0.040% · you buy dearer than you sell

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

Long on GMX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.364%−$36 on $10k

Price spread, last 3 days (all we have)+0.030%+$3 · spread now −0.025%, 7d avg −0.040%

Together, before fees−0.334%−$33 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.040%, so right now this pair is about funding alone: −$16 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SUI/USD [ETH-USDC]	1.0507	L +0.0640% / S −0.0324%	pay 0.0080% / 1h	33m 48s	$914K	—	100x
Short	Bitget SUIUSDT	1.0504	0.0100	get 0.0100% / 8h	7h 33m	$69.2M	$165.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against GMX. 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 GMXbpFee BitgetbpOrdersPrice spread, now −0.025%Rate

Funding earned: −$113.42
Price spread: −0.025% → −0.040%: $1.49
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$135.93
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Bitget: live order book, 5 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 GMX no order-book sample	—	—	—	—	—
Sell Bitget live order book, 5 min ago	0.48 bp	9.9 bp −$10	14.3 bp −$143	25.1 bp −$2,511	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.3416%	1h	1.0330	−1.682%	$42K	$123K	12x	as long as short
Bluefin SUI-PERP	−0.0691%	1h	1.0490	−0.159%	$602K	$410K	25x	as long as short
Hibachi SUI/USDT-P	−0.0424%	1h	1.0484	−0.213%	$6K	$19K	7x	as long as short
Reya SUIRUSDPERP	−0.0371%	1h	1.0497	−0.096%	$4K	$3K	20x	as long as short
Phemex SUIUSDT	−0.0075%	8h	1.0509	+0.022%	$11.8M	$25.0M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0504	−0.025%	$96K	$169K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0525	+0.174%	$483K	$5.0M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0510	+0.032%	$204K	$583K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0506	−0.005%	$121K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0038%	1h	1.0512	+0.049%	$7.3M	$23.9M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SUIUSD	+0.0080%	1h	1.0515	+0.079%	$9K	$9K	10x	as long as short
Lighter SUI	+0.0096%	1h	1.0511	+0.042%	$814K	$5.8M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0509	+0.026%	$272K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0511	+0.041%	$29K	$482K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0501	−0.054%	$47K	$313K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0508	+0.011%	$28K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0503	−0.035%	$667K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0505	−0.016%	$1.0M	$4.8M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0509	+0.022%	$228K	$256K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0508	+0.013%	$156.1M	$1.02B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0510	+0.032%	$105.1M	$304.7M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0507	+0.003%	$42.2M	$387.2M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0520	+0.127%	$47K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0450	−0.543%	$246K	$813	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0499	−0.073%	$169.0M	$80.7M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0508	+0.013%	$154.7M	$293.4M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0507	+0.003%	$51.2M	$52.7M	75x	as long as short
Bitget SUIUSDTshort	+0.0100%	8h	1.0504	−0.025%	$69.2M	$165.8M	75x
BingX SUI-USDC	+0.0100%	8h	1.0504	−0.025%	—	$6.6M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0508	+0.013%	$678K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0488	−0.179%	$2.4M	$2.9M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0449	−0.551%	$170K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0444	−0.596%	$452K	$7.3M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0479	−0.263%	$241K	$479K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0518	+0.108%	$120K	$757K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0518	+0.108%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0506	−0.006%	$6K	$2.3M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0504	−0.025%	$647K	$18.5M	75x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0498	−0.079%	$1.5M	$3.9M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0510	+0.030%	$40K	$16K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0200%	1h	1.0507	+0.003%	$1.0M	$14.4M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0518	+0.108%	$8.1M	$24.2M	100x	as long as short
Phoenix SUI	+0.0299%	1h	1.0503	−0.030%	$208K	$590K	10x	as long as short
Hyperliquid SUI	+0.0391%	1h	1.0522	+0.145%	$76.6M	$79.0M	10x	as long as short
GMX SUI/USD [ETH-USDC]long	L +0.0640% / S −0.0324%	1h	1.0507	long leg	$914K	—	100x
Aftermath Perps SUIUSD	+0.0878%	1h	1.0474	−0.312%	$93K	$368K	10x	as long as short