Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: Phemex against HTX−0.010%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$420.416% of the position

Long on HTX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.108%−$11 on $10k

Price spread, last 4 days (all we have)−0.005%−$1 · spread now −0.010%, 7d avg +0.001%

Together, before fees−0.113%−$11 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SUI-USDT	1.0191	0.0100	pay 0.0100% / 8h	1h 50m	$623K	$19.2M	75x
Short	Phemex SUIUSDT	1.0190	0.0100	get 0.0100% / 8h	1h 50m	$11.7M	$28.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against HTX. 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 HTXbpFee PhemexbpOrdersPrice spread, now −0.010%Rate

Funding earned: $0
Price spread: −0.010% → +0.001%: −$1.12
Slippage, 4 orders: −$17.58
Fee HTX: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$42.71
Costs to cover: 0.416%
Break-even: never at this rate

Slippage from HTX: 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 HTX live order book, 4 min ago	3.93 bp	10.8 bp −$11	18.2 bp −$182	37.0 bp −$3,700	doesn't fit
Sell Phemex live order book, 4 min ago	1.47 bp	11.6 bp −$12	24.5 bp −$245	doesn't fit	doesn't fit

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	−0.3536%	1h	1.0119	−0.707%	$42K	$113K	12x	as long as short
Reya SUIRUSDPERP	−0.0379%	1h	1.0186	−0.054%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0184%	1h	1.0164	−0.263%	$5K	$21K	7x	as long as short
Bluefin SUI-PERP	−0.0008%	1h	1.0177	−0.137%	$584K	$430K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0177	−0.134%	$95K	$294K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0188	−0.028%	$376K	$4.9M	2.5x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0187	−0.035%	$115K	—	150x	as long as short
Deribit SUI_USDC-PERPETUAL	+0.0044%	1h	1.0193	+0.020%	$196K	$563K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0192	+0.007%	$792K	$5.3M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0199	+0.077%	$298K	$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	1.0188	−0.029%	$34K	$546K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0189	−0.020%	$47K	$208K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0182	−0.086%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0168	−0.226%	$537K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0192	+0.010%	$900K	$4.3M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0179	−0.120%	$217K	$264K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0194	+0.032%	$146.0M	$1.05B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0193	+0.020%	$100.2M	$320.5M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0190	−0.010%	$41.0M	$390.4M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0190	−0.010%	$43K	$329K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0165	−0.255%	$239K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0186	−0.049%	$166.0M	$82.8M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0189	−0.020%	$152.1M	$290.7M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0190	−0.010%	$49.8M	$53.5M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0190	−0.010%	$67.3M	$177.1M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0190	−0.010%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0176	−0.147%	$670K	$1.4M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0168	−0.227%	$2.4M	$3.5M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0172	−0.189%	$164K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0187	−0.039%	$442K	$7.5M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0167	−0.236%	$223K	$417K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0192	+0.010%	$131K	$646K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0195	+0.039%	$2K	$1.7M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0193	+0.020%	$6K	$1.9M	10x	as long as short
HTX SUI-USDTlong	+0.0100%	8h	1.0191	long leg	$623K	$19.2M	75x
Phemex SUIUSDTshort	+0.0100%	8h	1.0190	−0.010%	$11.7M	$28.0M	50x
Extended SUI-USD	+0.0104%	1h	1.0187	−0.041%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0190	−0.010%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0200%	1h	1.0192	+0.010%	$9K	$2K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0170	−0.206%	$7.6M	$24.8M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0280%	1h	1.0204	+0.128%	$1.0M	$15.0M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0364%	1h	1.0196	+0.048%	$6.8M	$25.0M	50x	as long as short
Phoenix SUI	+0.0431%	1h	1.0203	+0.113%	$202K	$413K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0604% / S −0.0264%	1h	1.0188	−0.026%	$939K	—	100x	as long as short
Hyperliquid SUI	+0.0692%	1h	1.0201	+0.098%	$74.4M	$82.3M	10x	as long as short
Aftermath Perps SUIUSD	+0.1429%	1h	1.0198	+0.064%	$82K	$409K	10x	as long as short