Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: SunX against Lighter+0.099%7-day average +0.099% · you sell dearer than you buy

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1211.212% of the position

Long on Lighter Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 3 days (all we have)−0.022%−$2 · spread now +0.099%, 7d avg +0.099%

Together, before fees−0.013%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SUI	1.0299	0.0096	pay 0.0012% / 1h	45m 25s	$793K	$5.9M	10x
Short	SunX SUI-USDT	1.0309	0.0100	get 0.0100% / 8h	1h 45m	$2K	$1.9M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.099%Rate

Funding earned: $0.84
Price spread: +0.099% → +0.099%: $0.04
Slippage, 4 orders: −$113.17
Fee Lighter: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$120.29
Costs to cover: 1.212%
Break-even: 1009.4 days

Slippage from Lighter: live order book, 3 min ago; SunX: live order book, 10 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, 3 min ago	2.24 bp	4.9 bp −$5	13.9 bp −$139	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	29.66 bp	68.0 bp −$68	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	−0.2926%	1h	1.0133	−1.610%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0367%	1h	1.0296	−0.030%	$4K	$3K	20x	as long as short
Bluefin SUI-PERP	−0.0204%	1h	1.0286	−0.124%	$590K	$405K	25x	as long as short
Hibachi SUI/USDT-P	−0.0072%	1h	1.0279	−0.193%	$6K	$18K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0299	+0.001%	$94K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0283	−0.157%	$458K	$5.5M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0300	+0.012%	$188K	$547K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0298	−0.005%	$119K	—	150x	as long as short
Lighter SUIlong	+0.0096%	1h	1.0299	long leg	$793K	$5.9M	10x
Lighter RH SUI	+0.0096%	1h	1.0303	+0.037%	$254K	$2.0M	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	1.0298	−0.008%	$37K	$503K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0098%	8h	1.0299	+0.002%	$45K	$375K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0298	−0.008%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0296	−0.027%	$599K	$1.3M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0300	+0.008%	$1.0M	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0299	+0.002%	$224K	$262K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0298	−0.007%	$152.1M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0301	+0.017%	$103.2M	$306.9M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0296	−0.027%	$41.0M	$384.9M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0300	+0.012%	$149K	$286K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0236	−0.613%	$241K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0298	−0.008%	$166.0M	$80.5M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0298	−0.008%	$148.7M	$294.4M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0297	−0.017%	$51.8M	$52.2M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0293	−0.056%	$67.8M	$168.7M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0300	+0.012%	—	$81.8M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0289	−0.095%	$654K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0276	−0.226%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0276	−0.223%	$166K	$4.4M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0271	−0.271%	$447K	$7.0M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0284	−0.144%	$233K	$446K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0305	+0.060%	$106K	$787K	10x	as long as short
SunX SUI-USDTshort	+0.0100%	8h	1.0309	+0.099%	$2K	$1.9M	30x
SoDEX SUI-USD	+0.0100%	1h	1.0292	−0.066%	$6K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0285	−0.134%	$628K	$18.7M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0290	−0.085%	$11.5M	$24.6M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0292	−0.065%	$1.5M	$3.8M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0300	+0.016%	$49K	$37K	3x	as long as short
01 Exchange SUIUSD	+0.0112%	1h	1.0299	+0.002%	$9K	$9K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0263	−0.348%	$8.0M	$23.9M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0270	−0.280%	$982K	$13.8M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0295%	1h	1.0296	−0.025%	$7.2M	$24.2M	50x	as long as short
Phoenix SUI	+0.0346%	1h	1.0295	−0.039%	$204K	$574K	10x	as long as short
Hyperliquid SUI	+0.0428%	1h	1.0313	+0.138%	$73.4M	$81.4M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0638% / S −0.0309%	1h	1.0297	−0.015%	$899K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0663%	1h	1.0270	−0.279%	$94K	$384K	10x	as long as short