Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: BingX against Lighter−0.015%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$250.245% of the position

Long on Lighter Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 7 days−0.057%−$6 · spread now −0.015%, 7d avg −0.030%

Together, before fees−0.076%+ Points / potential airdropLighter: Season 3 · farm board−$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SUI	1.0575	0.0096	pay 0.0012% / 1h	28m 11s	$819K	$5.8M	10x
Short	BingX SUI-USDT	1.0573	0.0100	get 0.0100% / 8h	7h 28m	—	$81.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Lighter. 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 LighterbpFee BingXbpOrdersPrice spread, now −0.015%Rate

Funding earned: $0.84
Price spread: −0.015% → −0.030%: $1.49
Slippage, 4 orders: −$14.53
Fee Lighter: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$22.19
Costs to cover: 0.245%
Break-even: 191.9 days

Slippage from Lighter: live order book, 5 min ago; BingX: live order book, 11 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 Lighter live order book, 5 min ago	2.19 bp	5.1 bp −$5	14.4 bp −$144	102.4 bp −$10.2K	doesn't fit
Sell BingX live order book, 11 min ago	0.96 bp	7.1 bp −$7	11.4 bp −$114	20.5 bp −$2,052	60.7 bp −$30.3K

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	−0.3416%	1h	1.0330	−2.313%	$42K	$123K	12x	as long as short
Bluefin SUI-PERP	−0.0598%	1h	1.0567	−0.072%	$607K	$409K	25x	as long as short
Hibachi SUI/USDT-P	−0.0440%	1h	1.0551	−0.222%	$6K	$18K	7x	as long as short
Reya SUIRUSDPERP	−0.0371%	1h	1.0545	−0.275%	$4K	$3K	20x	as long as short
Phemex SUIUSDT	−0.0365%	8h	1.0577	+0.023%	$11.8M	$25.1M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0570	−0.045%	$97K	$169K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0566	−0.085%	$485K	$4.9M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0584	+0.089%	$206K	$582K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0554	−0.196%	$122K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0038%	1h	1.0583	+0.080%	$7.3M	$23.8M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SUIUSD	+0.0072%	1h	1.0569	−0.053%	$9K	$9K	10x	as long as short
Lighter SUIlong	+0.0096%	1h	1.0575	long leg	$819K	$5.8M	10x
Lighter RH SUI	+0.0096%	1h	1.0577	+0.023%	$276K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0554	−0.195%	$30K	$481K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0577	+0.023%	$47K	$312K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0603	+0.273%	$28K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0549	−0.242%	$670K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0552	−0.218%	$1.0M	$4.8M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0565	−0.087%	$229K	$253K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0573	−0.019%	$157.2M	$1.02B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0573	−0.018%	$106.0M	$304.4M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0570	−0.044%	$42.5M	$388.9M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0570	−0.044%	$47K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0564	−0.098%	$248K	$1K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0573	−0.015%	$171.2M	$81.0M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0574	−0.006%	$157.0M	$294.8M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0574	−0.006%	$51.6M	$52.7M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0571	−0.034%	$69.5M	$165.3M	75x	as long as short
BingX SUI-USDTshort	+0.0100%	8h	1.0573	−0.015%	—	$81.5M	—
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0571	−0.034%	$679K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0491	−0.792%	$2.4M	$2.9M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0494	−0.759%	$171K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0526	−0.460%	$459K	$7.3M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0504	−0.668%	$241K	$479K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0557	−0.166%	$120K	$753K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0558	−0.157%	$3K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0579	+0.042%	$6K	$2.3M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0574	−0.006%	$649K	$18.6M	75x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0572	−0.022%	$1.5M	$3.9M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0582	+0.072%	$40K	$16K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0200%	1h	1.0590	+0.146%	$995K	$14.5M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0556	−0.176%	$8.1M	$24.8M	100x	as long as short
Phoenix SUI	+0.0299%	1h	1.0559	−0.147%	$209K	$590K	10x	as long as short
Hyperliquid SUI	+0.0407%	1h	1.0588	+0.127%	$77.1M	$79.2M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0641% / S −0.0324%	1h	1.0549	−0.243%	$918K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0913%	1h	1.0518	−0.539%	$94K	$363K	10x	as long as short