Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.2498%/8h= +273.5% APRpaid last 24h +0.653%

Price spread now: Binance against Injective+0.757%7-day average — · you sell dearer than you buy

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

Long on Injective Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$75 a day on $10k at the current rate, and Binance is 0.757% dearer against Injective than usual: you sell high and buy low: +$76 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective SUI/USDC PERP	1.0093	−0.2398	get 0.0300% / 1h	7m 16s	$41K	$123K	12x
Short	Binance SUIUSDT	1.0169	0.0100	get 0.0100% / 8h	2h 07m	$150.7M	$1.03B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Injective. 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 InjectivebpFee BinancebpOrdersPrice spread, now +0.757%Rate

Funding earned: $524.48
Price spread: +0.757% → 0.000%: $75.66
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: $590.12
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: live order book, 16 min ago; Binance: live order book, 7 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 Injective live order book, 16 min ago	64.64 bp	2003720.3 bp −$2.00M	20090290.0 bp −$200.90M	200624960.0 bp −$20062.50M	1002166400.0 bp −$501083.20M
Sell Binance live order book, 7 min ago	0.49 bp	7.4 bp −$7	10.4 bp −$104	24.8 bp −$2,479	84.4 bp −$42.2K

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 PERPlong	−0.2398%	1h	1.0093	long leg	$41K	$123K	12x
Hibachi SUI/USDT-P	−0.0496%	1h	1.0176	+0.820%	$6K	$18K	7x	as long as short
Reya SUIRUSDPERP	−0.0367%	1h	1.0170	+0.763%	$4K	$3K	20x	as long as short
Bluefin SUI-PERP	−0.0117%	1h	1.0158	+0.644%	$582K	$405K	25x	as long as short
Kraken Futures PF_SUIUSD	−0.0022%	1h	1.0171	+0.777%	$7.0M	$24.0M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0179	+0.857%	$93K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0185	+0.916%	$457K	$5.5M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0172	+0.783%	$186K	$547K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0171	+0.769%	$118K	—	150x	as long as short
01 Exchange SUIUSD	+0.0088%	1h	1.0175	+0.812%	$9K	$9K	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SUI	+0.0096%	1h	1.0182	+0.880%	$775K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0185	+0.913%	$251K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0171	+0.773%	$36K	$503K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0098%	8h	1.0170	+0.763%	$44K	$376K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0177	+0.830%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0179	+0.852%	$594K	$1.3M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0176	+0.826%	$997K	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0182	+0.878%	$220K	$261K	10x	as long as short
Binance SUIUSDTshort	+0.0100%	8h	1.0169	+0.757%	$150.7M	$1.03B	75x
Bybit SUIUSDT	+0.0100%	8h	1.0172	+0.779%	$101.8M	$306.9M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0169	+0.753%	$40.8M	$381.0M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0170	+0.763%	$147K	$297K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0178	+0.847%	$239K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0171	+0.773%	$163.9M	$81.2M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0171	+0.773%	$147.4M	$299.2M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0172	+0.783%	$51.9M	$51.5M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0165	+0.713%	$66.8M	$168.8M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0169	+0.753%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0177	+0.832%	$647K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0181	+0.875%	$2.2M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0181	+0.872%	$164K	$4.4M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0177	+0.832%	$441K	$7.1M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0183	+0.892%	$231K	$444K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0180	+0.862%	$106K	$785K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0184	+0.902%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0169	+0.753%	$6K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0175	+0.812%	$618K	$18.8M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0172	+0.783%	$11.4M	$24.5M	50x	as long as short
Hyperliquid SUI	+0.0102%	1h	1.0182	+0.878%	$72.5M	$81.4M	10x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0166	+0.725%	$1.4M	$3.7M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0171	+0.771%	$48K	$37K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0216%	1h	1.0203	+1.090%	$977K	$13.7M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0176	+0.822%	$8.0M	$23.7M	100x	as long as short
Phoenix SUI	+0.0290%	1h	1.0205	+1.109%	$184K	$578K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0636% / S −0.0311%	1h	1.0170	+0.758%	$892K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0661%	1h	1.0182	+0.883%	$91K	$381K	10x	as long as short