Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0404%/8h= +44.2% APRpaid last 24h +0.148%

Price spread now: Bitget against Hibachi−0.156%7-day average — · you buy dearer than you sell

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

Long on Hibachi Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds both histories

Funding pays, the price is against you. Bitget is 0.156% cheaper against Hibachi than usual: you would sell low and buy high (spread −0.156% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 31 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi SUI/USDT-P	1.0119	−0.0304	get 0.0038% / 1h	5m 22s	$5K	$16K	7x
Short	Bitget SUIUSDT	1.0103	0.0100	get 0.0100% / 8h	5h 05m	$66.1M	$138.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Hibachi. 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 HibachibpFee BitgetbpOrdersPrice spread, now −0.156%Rate

Funding earned: $84.84
Price spread: −0.156% → 0.000%: −$15.65
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: $48.19
Costs to cover: 0.210%
Break-even: 3.0 days

Slippage unknown: Hibachi: no order-book sample; Bitget: live order book, 2 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 Hibachi no order-book sample	—	—	—	—	—
Sell Bitget live order book, 2 min ago	0.49 bp	7.1 bp −$7	12.3 bp −$123	25.6 bp −$2,562	doesn't fit

Hibachi: 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 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	1.0013	−1.046%	$41K	$113K	12x	as long as short
Reya SUIRUSDPERP	−0.0386%	1h	1.0116	−0.029%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-Plong	−0.0304%	1h	1.0119	long leg	$5K	$16K	7x
Kraken Futures PF_SUIUSD	−0.0042%	1h	1.0113	−0.058%	$6.9M	$19.3M	50x	as long as short
Bluefin SUI-PERP	−0.0022%	1h	1.0097	−0.216%	$581K	$402K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0107	−0.117%	$91K	$357K	10x	as long as short
01 Exchange SUIUSD	0.0000%	1h	1.0113	−0.058%	$8K	$3K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0113	−0.054%	$376K	$3.7M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0110	−0.087%	$192K	$483K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0111	−0.080%	$115K	—	150x	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	1.0113	−0.061%	$738K	$4.5M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0113	−0.061%	$326K	$2.1M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0111	−0.077%	$54K	$517K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0099%	8h	1.0108	−0.107%	$55K	$700K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0108	−0.104%	$26K	$2K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0109	−0.097%	$664K	$2.0M	10x	as long as short
Hyperliquid SUI	+0.0100%	1h	1.0117	−0.018%	$72.4M	$62.0M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0112	−0.064%	$906K	$3.4M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0113	−0.058%	$213K	$203K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0110	−0.087%	$142.4M	$858.2M	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0105	−0.134%	$96.4M	$260.8M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0109	−0.097%	$41.2M	$308.1M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0120	+0.012%	$44K	$309K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0109	−0.097%	$167.0M	$68.2M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0110	−0.087%	$95.1M	$250.6M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0113	−0.058%	$49.7M	$45.3M	75x	as long as short
Bitget SUIUSDTshort	+0.0100%	8h	1.0103	−0.156%	$66.1M	$138.1M	75x
BingX SUI-USDC	+0.0100%	8h	1.0107	−0.117%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0110	−0.087%	$640K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0115	−0.040%	$2.4M	$2.6M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0113	−0.055%	$162K	$3.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0111	−0.079%	$435K	$6.7M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0103	−0.156%	$202K	$384K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0110	−0.087%	$71K	$547K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0122	+0.031%	$2K	$1.3M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0110	−0.087%	$6K	$1.3M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0113	−0.058%	$743K	$16.2M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0111	−0.077%	$11.6M	$27.9M	50x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0118	−0.008%	$219K	$34K	10x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0104	−0.145%	$1.5M	$3.4M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0111	−0.072%	$38K	$11K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0109	−0.097%	$7.4M	$22.1M	100x	as long as short
Phoenix SUI	+0.0250%	1h	1.0128	+0.089%	$201K	$318K	10x	as long as short
Coinbase International SUI-PERP-INTX	+0.0312%	1h	1.0119	+0.002%	$989K	$10.7M	50x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0606% / S −0.0268%	1h	1.0119	+0.002%	$943K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0883%	1h	1.0116	−0.024%	$92K	$387K	10x	as long as short