Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0486%/8h= −53.2% APRpaid last 24h −0.140%

Price spread now: Reya against KuCoin+0.044%49s7-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 Reya

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Reya is 0.044% dearer against KuCoin than usual: you sell high and buy low (spread +0.044% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 7 hours. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SUIUSDTM	1.0102	0.0100	pay 0.0100% / 8h	4h 58m	$49.7M	$45.1M	75x
Short	Reya SUIRUSDPERP	1.0106	−0.0386	pay 0.0048% / 1h	58m 35s	$4K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.044%Rate

Funding earned: −$102.11
Price spread: +0.044% → 0.000%: $4.38
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$115.73
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 4 min ago; Reya: 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	0.99 bp	11.4 bp −$11	32.8 bp −$328	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 46 exchanges

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	−0.3437%	1h	1.0013	−0.881%	$41K	$113K	12x	as long as short
Reya SUIRUSDPERPshort	−0.0386%	1h	1.0106	+0.044%	$4K	$3K	20x
Hibachi SUI/USDT-P	−0.0288%	1h	1.0109	+0.065%	$5K	$16K	7x	as long as short
Bluefin SUI-PERP	−0.0203%	1h	1.0100	−0.020%	$581K	$402K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0099	−0.030%	$91K	$357K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0097	−0.052%	$364K	$3.6M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0114	+0.119%	$192K	$483K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0114	+0.123%	$115K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0037%	1h	1.0117	+0.146%	$6.9M	$19.2M	50x	as long as short
01 Exchange SUIUSD	+0.0056%	1h	1.0103	+0.010%	$8K	$3K	10x	as long as short

Show all 46 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SUI	+0.0096%	1h	1.0104	+0.017%	$739K	$4.1M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0106	+0.035%	$326K	$1.9M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0102	0.000%	$55K	$518K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0099%	8h	1.0112	+0.099%	$55K	$700K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0102	−0.003%	$26K	$2K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0104	+0.015%	$666K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0104	+0.019%	$907K	$3.3M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0102	+0.003%	$213K	$203K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0104	+0.019%	$142.3M	$855.7M	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0100	−0.020%	$96.3M	$259.8M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0103	+0.010%	$41.2M	$306.7M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0100	−0.020%	$44K	$309K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0103	+0.010%	$167.0M	$62.0M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0104	+0.020%	$95.2M	$240.3M	300x	as long as short
KuCoin SUIUSDTMlong	+0.0100%	8h	1.0102	long leg	$49.7M	$45.1M	75x
Bitget SUIUSDT	+0.0100%	8h	1.0098	−0.040%	$66.1M	$137.6M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0103	+0.010%	—	$84.3M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0110	+0.079%	$640K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0107	+0.048%	$2.4M	$2.6M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0108	+0.055%	$162K	$3.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0113	+0.108%	$439K	$6.7M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0110	+0.079%	$201K	$384K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0111	+0.089%	$71K	$547K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0125	+0.228%	$2K	$1.3M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0113	+0.109%	$6K	$1.3M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0098	−0.040%	$744K	$16.1M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0113	+0.109%	$11.7M	$27.8M	50x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0118	+0.158%	$219K	$34K	10x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0098	−0.035%	$1.5M	$3.4M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0116	+0.138%	$38K	$11K	3x	as long as short
Hyperliquid SUI	+0.0139%	1h	1.0111	+0.089%	$72.4M	$62.0M	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0115	+0.129%	$7.4M	$22.0M	100x	as long as short
Phoenix SUI	+0.0250%	1h	1.0119	+0.172%	$200K	$307K	10x	as long as short
Coinbase International SUI-PERP-INTX	+0.0328%	1h	1.0112	+0.099%	$993K	$10.6M	50x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0606% / S −0.0268%	1h	1.0113	+0.109%	$942K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0882%	1h	1.0118	+0.157%	$92K	$387K	10x	as long as short