Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: OKX against Lighter RH−0.014%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$200.205% of the position

Long on Lighter RH Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 7 days+0.045%+$5 · spread now −0.014%, 7d avg −0.014%

Together, before fees+0.051%+ Points / potential airdropLighter RH: Points live · farm board+$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH SUI	1.0192	0.0096	pay 0.0012% / 1h	49m 59s	$297K	$2.2M	10x
Short	OKX SUI-USDT-SWAP	1.0191	0.0100	get 0.0100% / 8h	49m 59s	$41.1M	$371.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Lighter RH. 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 Lighter RHbpFee OKXbpOrdersPrice spread, now −0.014%Rate

Funding earned: $0.84
Price spread: −0.014% → −0.014%: $0.02
Slippage, 4 orders: −$10.47
Fee Lighter RH: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$19.61
Costs to cover: 0.205%
Break-even: 170.4 days

Slippage from Lighter RH: live order book, 3 min ago; OKX: live order book, 4 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 RH live order book, 3 min ago	0.98 bp	4.1 bp −$4	12.3 bp −$123	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.49 bp	8.5 bp −$8	14.5 bp −$145	51.5 bp −$5,145	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	−0.2780%	1h	1.0090	−1.005%	$41K	$113K	12x	as long as short
Reya SUIRUSDPERP	−0.0381%	1h	1.0166	−0.256%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0296%	1h	1.0173	−0.187%	$5K	$20K	7x	as long as short
Bluefin SUI-PERP	−0.0214%	1h	1.0164	−0.279%	$583K	$428K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0184	−0.082%	$95K	$257K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0175	−0.174%	$378K	$4.4M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0183	−0.092%	$196K	$558K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0170	−0.217%	$115K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0193	+0.011%	$768K	$5.1M	10x	as long as short
Lighter RH SUIlong	+0.0096%	1h	1.0192	long leg	$297K	$2.2M	10x

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex SUIUSDT	+0.0096%	1h	1.0169	−0.230%	$40K	$523K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0178	−0.141%	$47K	$239K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0166	−0.259%	$27K	$8K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0158	−0.333%	$687K	$2.2M	10x	as long as short
Hyperliquid SUI	+0.0100%	1h	1.0196	+0.035%	$73.5M	$78.8M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0192	0.000%	$899K	$4.2M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0171	−0.209%	$216K	$257K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0197	+0.048%	$147.0M	$1.00B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0188	−0.044%	$98.6M	$311.9M	50x	as long as short
OKX SUI-USDT-SWAPshort	+0.0100%	8h	1.0191	−0.014%	$41.1M	$371.1M	50x
Arcus SUI-USD	+0.0100%	1h	1.0170	−0.220%	$43K	$330K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0171	−0.215%	$239K	$454	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0187	−0.053%	$168.4M	$81.4M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0192	−0.004%	$155.9M	$282.4M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0192	−0.004%	$50.2M	$52.2M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0187	−0.053%	$67.2M	$169.5M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0197	+0.045%	—	$86.6M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0187	−0.053%	$670K	$1.3M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0166	−0.264%	$2.4M	$3.5M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0153	−0.382%	$163K	$4.3M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0178	−0.136%	$448K	$7.1M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0154	−0.377%	$223K	$378K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0177	−0.151%	$122K	$568K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0188	−0.043%	$3K	$1.6M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0186	−0.063%	$7K	$1.7M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0191	−0.014%	$628K	$18.3M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0184	−0.082%	$11.8M	$28.2M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0188	−0.046%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0188	−0.042%	$39K	$11K	3x	as long as short
Kraken Futures PF_SUIUSD	+0.0118%	1h	1.0192	0.000%	$6.8M	$21.8M	50x	as long as short
01 Exchange SUIUSD	+0.0144%	1h	1.0172	−0.200%	$8K	$3K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0171	−0.210%	$7.6M	$24.5M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0328%	1h	1.0182	−0.102%	$1.0M	$14.4M	50x	as long as short
Phoenix SUI	+0.0393%	1h	1.0167	−0.247%	$201K	$400K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0601% / S −0.0263%	1h	1.0171	−0.212%	$935K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1329%	1h	1.0179	−0.135%	$82K	$409K	10x	as long as short