Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0340%/8h= −37.2% APRpaid last 24h −0.185%

Price spread now: Hibachi against KuCoin+0.654%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Hibachi

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

The price spread pays, funding is against you. Hibachi is 0.654% dearer against KuCoin than usual: you sell high and buy low (spread +0.654% now, against zero (this spread has no 7-day history yet)): +$65 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 6.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SUIUSDTM	1.0394	0.0100	pay 0.0100% / 8h	5h 50m	$50.8M	$53.7M	75x
Short	Hibachi SUI/USDT-P	1.0462	−0.0240	pay 0.0030% / 1h	50m 17s	$6K	$19K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against KuCoin. 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 KuCoinbpFee HibachibpOrdersPrice spread, now +0.654%Rate

Funding earned: −$71.4
Price spread: +0.654% → 0.000%: $65.43
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$26.97
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 4 min ago; Hibachi: no order-book sample. 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 KuCoin live order book, 4 min ago	2.41 bp	12.7 bp −$13	24.9 bp −$249	doesn't fit	doesn't fit
Sell Hibachi no order-book sample	—	—	—	—	—

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 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 PERP	−0.3542%	1h	1.0291	−0.991%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0373%	1h	1.0393	−0.014%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-Pshort	−0.0240%	1h	1.0462	+0.654%	$6K	$19K	7x
dYdX SUI-USD	0.0000%	1h	1.0433	+0.375%	$95K	$168K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0449	+0.525%	$516K	$4.8M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0402	+0.077%	$202K	$576K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0408	+0.135%	$114K	—	150x	as long as short
Bluefin SUI-PERP	+0.0029%	1h	1.0391	−0.029%	$595K	$411K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0459	+0.627%	$831K	$5.6M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0441	+0.455%	$280K	$2.1M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex SUIUSDT	+0.0096%	1h	1.0399	+0.048%	$31K	$499K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0459	+0.626%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0396	+0.024%	$718K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0420	+0.250%	$914K	$4.7M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0441	+0.456%	$228K	$266K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0406	+0.119%	$152.1M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0411	+0.160%	$103.2M	$309.2M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0406	+0.115%	$40.9M	$385.6M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0420	+0.250%	$44K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0402	+0.079%	$245K	$4K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0404	+0.096%	$165.0M	$82.4M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0401	+0.067%	$150.5M	$290.8M	300x	as long as short
KuCoin SUIUSDTMlong	+0.0100%	8h	1.0394	long leg	$50.8M	$53.7M	75x
Bitget SUIUSDT	+0.0100%	8h	1.0394	0.000%	$67.9M	$168.7M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0411	+0.164%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0466	+0.693%	$713K	$1.3M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0464	+0.678%	$2.4M	$3.2M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0397	+0.032%	$169K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0423	+0.279%	$457K	$7.4M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0398	+0.038%	$236K	$470K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0407	+0.125%	$122K	$726K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0406	+0.115%	$48K	$240K	20x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0413	+0.183%	$2K	$1.8M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0398	+0.038%	$6K	$2.1M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0404	+0.096%	$593K	$19.9M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0388	−0.058%	$11.6M	$26.0M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0393	−0.007%	$1.5M	$4.0M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0405	+0.105%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0128%	1h	1.0400	+0.058%	$9K	$3K	10x	as long as short
Coinbase International SUI-PERP-INTX	+0.0176%	1h	1.0400	+0.058%	$992K	$14.7M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0289%	1h	1.0402	+0.073%	$6.8M	$26.9M	50x	as long as short
Phoenix SUI	+0.0362%	1h	1.0431	+0.351%	$207K	$561K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0618% / S −0.0272%	1h	1.0400	+0.060%	$968K	—	100x	as long as short
Hyperliquid SUI	+0.0669%	1h	1.0410	+0.154%	$75.3M	$80.1M	10x	as long as short
Aftermath Perps SUIUSD	+0.1222%	1h	1.0417	+0.221%	$83K	$383K	10x	as long as short