Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0075%/8h= −8.2% APRpaid last 24h −0.006%

Price spread now: SunX against Kraken Futures+0.091%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1381.382% of the position

Long on Kraken Futures Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$6 on $10k

Price spread, last 4 days (all we have)+0.005%+$1 · spread now +0.091%, 7d avg +0.081%

Together, before fees−0.050%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.081%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SUIUSD	1.0010	0.0175	pay 0.0022% / 1h	26m 31s	$6.7M	$25.0M	50x
Short	SunX SUI-USDT	1.0019	0.0100	get 0.0100% / 8h	2h 26m	$2K	$1.7M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Kraken Futures. 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 Kraken FuturesbpFee SunXbpOrdersPrice spread, now +0.091%Rate

Funding earned: −$15.81
Price spread: +0.091% → +0.081%: $1.07
Slippage, 4 orders: −$120.17
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$152.91
Costs to cover: 1.382%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 3 min ago; SunX: live order book, 9 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 Kraken Futures live order book, 3 min ago	3.49 bp	11.5 bp −$12	24.2 bp −$242	49.5 bp −$4,954	doesn't fit
Sell SunX live order book, 9 min ago	28.95 bp	72.1 bp −$72	doesn't fit	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	−0.3309%	1h	1.0052	+0.421%	$41K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0378%	1h	1.0013	+0.032%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0160%	1h	1.0012	+0.022%	$5K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0011	+0.011%	$113K	$272K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0038	+0.284%	$371K	$5.1M	2.5x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0009	−0.006%	$112K	—	150x	as long as short
Bluefin SUI-PERP	+0.0047%	1h	0.9992	−0.178%	$573K	$409K	25x	as long as short
Deribit SUI_USDC-PERPETUAL	+0.0050%	1h	1.0006	−0.038%	$194K	$562K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0012	+0.025%	$770K	$5.5M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0016	+0.061%	$296K	$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	1.0015	+0.051%	$31K	$543K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0006	−0.038%	$46K	$206K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0011	+0.016%	$26K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0011	+0.011%	$541K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0015	+0.048%	$876K	$4.3M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0016	+0.063%	$218K	$257K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0016	+0.061%	$143.8M	$1.05B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0009	−0.010%	$97.8M	$318.3M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0011	+0.011%	$40.7M	$382.8M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0020	+0.101%	$42K	$330K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0068	+0.581%	$237K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0013	+0.031%	$163.5M	$84.7M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0012	+0.021%	$148.6M	$293.6M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0009	−0.009%	$49.1M	$53.7M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0013	+0.031%	$65.9M	$177.6M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0013	+0.031%	—	$82.7M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0009	−0.009%	$620K	$1.4M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0032	+0.221%	$2.4M	$3.4M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0058	+0.485%	$162K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0026	+0.163%	$437K	$7.5M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0061	+0.511%	$221K	$436K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0017	+0.071%	$133K	$727K	10x	as long as short
SunX SUI-USDTshort	+0.0100%	8h	1.0019	+0.091%	$2K	$1.7M	30x
SoDEX SUI-USD	+0.0100%	1h	1.0009	−0.009%	$6K	$1.9M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0012	+0.021%	$603K	$19.5M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0016	+0.061%	$11.5M	$27.7M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0011	+0.008%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0014	+0.038%	$38K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0112%	1h	1.0018	+0.081%	$9K	$3K	10x	as long as short
Kraken Futures PF_SUIUSDlong	+0.0175%	1h	1.0010	long leg	$6.7M	$25.0M	50x
BloFin SUI-USDT	+0.0220%	8h	1.0014	+0.041%	$7.5M	$24.2M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0015	+0.051%	$958K	$14.8M	50x	as long as short
Hyperliquid SUI	+0.0347%	1h	1.0021	+0.108%	$71.7M	$83.2M	10x	as long as short
Phoenix SUI	+0.0416%	1h	1.0021	+0.114%	$198K	$422K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0597% / S −0.0263%	1h	1.0007	−0.024%	$920K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1439%	1h	1.0068	+0.577%	$81K	$409K	10x	as long as short