Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0502%/8h= −54.9% APRpaid last 24h −0.146%

Price spread now: Orderly against GMX−0.017%7-day average −0.019% · you buy dearer than you sell

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

Long on GMX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.411%−$41 on $10k

Price spread, last 4 days (all we have)+0.052%+$5 · spread now −0.017%, 7d avg −0.019%

Together, before fees−0.359%−$36 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.019%, so right now this pair is about funding alone: −$15 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]	1.0149	L +0.0601% / S −0.0263%	pay 0.0075% / 1h	11m 12s	$933K	—	100x
Short	Orderly PERP_SUI_USDC	1.0147	0.0100	get 0.0100% / 8h	11m 12s	$47K	$268K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.017%Rate

Funding earned: −$105.33
Price spread: −0.017% → −0.019%: $0.12
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$123.2
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—

GMX and Orderly: 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	−0.2780%	1h	1.0055	−0.924%	$41K	$113K	12x	as long as short
Reya SUIRUSDPERP	−0.0382%	1h	1.0143	−0.059%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0280%	1h	1.0143	−0.060%	$5K	$19K	7x	as long as short
Bluefin SUI-PERP	−0.0109%	1h	1.0136	−0.126%	$581K	$453K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0146	−0.028%	$95K	$257K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0153	+0.039%	$390K	$4.2M	2.5x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0145	−0.039%	$114K	—	150x	as long as short
Deribit SUI_USDC-PERPETUAL	+0.0046%	1h	1.0150	+0.012%	$195K	$554K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0154	+0.051%	$752K	$5.1M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0156	+0.069%	$297K	$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	1.0147	−0.017%	$44K	$528K	50x	as long as short
Orderly PERP_SUI_USDCshort	+0.0100%	8h	1.0147	−0.017%	$47K	$268K	20x
Paradex SUI-USD-PERP	+0.0100%	8h	1.0147	−0.015%	$27K	$8K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0143	−0.052%	$675K	$2.2M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0153	+0.042%	$901K	$4.2M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0148	−0.005%	$216K	$253K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0153	+0.042%	$146.1M	$989.7M	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0147	−0.013%	$97.6M	$309.1M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0149	+0.002%	$40.8M	$367.5M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0160	+0.111%	$43K	$324K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0147	−0.013%	$232K	$7K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0144	−0.047%	$167.9M	$82.5M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0150	+0.012%	$115.6M	$290.5M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0149	+0.002%	$51.0M	$52.1M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0142	−0.067%	$67.0M	$167.8M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0145	−0.037%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0135	−0.136%	$667K	$1.3M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0144	−0.048%	$2.4M	$3.4M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0146	−0.031%	$163K	$4.3M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0147	−0.019%	$442K	$7.1M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0157	+0.081%	$205K	$370K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0156	+0.071%	$122K	$533K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0162	+0.130%	$3K	$1.6M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0150	+0.012%	$5K	$1.7M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0146	−0.027%	$632K	$18.3M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0151	+0.022%	$11.7M	$28.2M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0144	−0.046%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0152	+0.029%	$39K	$11K	3x	as long as short
Hyperliquid SUI	+0.0116%	1h	1.0156	+0.075%	$73.2M	$77.8M	10x	as long as short
Kraken Futures PF_SUIUSD	+0.0119%	1h	1.0152	+0.028%	$6.8M	$21.6M	50x	as long as short
01 Exchange SUIUSD	+0.0144%	1h	1.0148	−0.008%	$8K	$3K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0146	−0.027%	$7.6M	$24.4M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0328%	1h	1.0153	+0.042%	$1.0M	$14.3M	50x	as long as short
Phoenix SUI	+0.0393%	1h	1.0168	+0.188%	$202K	$400K	10x	as long as short
GMX SUI/USD [ETH-USDC]long	L +0.0601% / S −0.0263%	1h	1.0149	long leg	$933K	—	100x
Aftermath Perps SUIUSD	+0.1255%	1h	1.0152	+0.035%	$82K	$409K	10x	as long as short