Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.4599%/8h= +503.5% APRpaid last 24h +0.732%

Price spread now: HTX against Injective+1.270%7-day average +0.271% · you sell dearer than you buy

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

Long on Injective Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+2.135%+$213 on $10k

Price spread, last 3 days (all we have)−1.114%−$111 · spread now +1.270%, 7d avg +0.271%

Together, before fees+1.021%+$102 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$138 a day on $10k at the current rate, and HTX is 0.999% dearer against Injective than usual: you sell high and buy low: +$100 more if the spread goes back to its 7-day average of +0.271%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective SUI/USDC PERP	1.0236	−0.4499	get 0.0562% / 1h	18m 29s	$42K	$123K	12x
Short	HTX SUI-USDT	1.0366	0.0100	get 0.0100% / 8h	6h 18m	$644K	$19.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +1.270%Rate

Funding earned: $965.7
Price spread: +1.270% → +0.271%: $99.93
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee HTX: 6 bp × 2 orders: −$12
Net: $1,053.61
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: live order book, 50 min ago; HTX: live order book, 1 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, 50 min ago	103.28 bp	2012558.1 bp −$2.01M	20176266.0 bp −$201.76M	201460832.0 bp −$20146.08M	1006281152.0 bp −$503140.58M
Sell HTX live order book, 1 min ago	2.89 bp	10.3 bp −$10	24.7 bp −$247	77.9 bp −$7,788	doesn't fit

SUI on 45 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	−0.4499%	1h	1.0236	long leg	$42K	$123K	12x
Hibachi SUI/USDT-P	−0.0384%	1h	1.0379	+1.395%	$6K	$19K	7x	as long as short
Reya SUIRUSDPERP	−0.0372%	1h	1.0366	+1.272%	$4K	$3K	20x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0380	+1.407%	$95K	$171K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0369	+1.299%	$507K	$5.1M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0366	+1.270%	$201K	$578K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0360	+1.211%	$113K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0012%	1h	1.0369	+1.297%	$6.8M	$27.0M	50x	as long as short
Bluefin SUI-PERP	+0.0075%	1h	1.0351	+1.123%	$592K	$416K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0393	+1.535%	$821K	$5.7M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SUI	+0.0096%	1h	1.0388	+1.482%	$277K	$2.1M	10x	as long as short
01 Exchange SUIUSD	+0.0096%	1h	1.0361	+1.221%	$9K	$3K	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0363	+1.241%	$31K	$494K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0384	+1.445%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0364	+1.255%	$749K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0382	+1.430%	$912K	$5.0M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0390	+1.502%	$227K	$269K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0366	+1.265%	$151.6M	$1.05B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0368	+1.285%	$102.8M	$312.8M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0368	+1.290%	$41.0M	$391.1M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0360	+1.211%	$44K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0400	+1.603%	$245K	$3K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0384	+1.446%	$164.3M	$84.3M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0377	+1.377%	$150.4M	$300.1M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0383	+1.436%	$51.7M	$53.7M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0364	+1.250%	$67.4M	$171.6M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0371	+1.319%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0370	+1.309%	$692K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0378	+1.383%	$2.4M	$3.2M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0373	+1.335%	$169K	$4.7M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0394	+1.544%	$449K	$7.5M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0374	+1.348%	$237K	$501K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0378	+1.387%	$120K	$723K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0363	+1.241%	$47K	$250K	20x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0373	+1.338%	$2K	$1.8M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0365	+1.260%	$7K	$2.2M	10x	as long as short
HTX SUI-USDTshort	+0.0100%	8h	1.0366	+1.270%	$644K	$19.8M	75x
Phemex SUIUSDT	+0.0100%	8h	1.0367	+1.280%	$11.6M	$25.8M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0367	+1.283%	$1.5M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0369	+1.297%	$39K	$16K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0152%	1h	1.0372	+1.329%	$995K	$14.6M	50x	as long as short
Hyperliquid SUI	+0.0157%	1h	1.0392	+1.524%	$74.5M	$80.5M	10x	as long as short
Phoenix SUI	+0.0221%	1h	1.0410	+1.701%	$206K	$595K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0614% / S −0.0271%	1h	1.0359	+1.206%	$962K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1060%	1h	1.0375	+1.362%	$79K	$380K	10x	as long as short