Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0380%/8h= −41.6% APRpaid last 24h −0.176%

Price spread now: Hibachi against OKX+0.139%7-day average — · you sell dearer than you buy

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

Long on OKX 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 0.139% dearer against OKX than usual: you sell high and buy low (spread +0.139% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SUI-USDT-SWAP	1.0159	0.0100	pay 0.0100% / 8h	8m 59s	$40.9M	$367.5M	50x
Short	Hibachi SUI/USDT-P	1.0173	−0.0280	pay 0.0035% / 1h	8m 59s	$5K	$19K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against OKX. 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 OKXbpFee HibachibpOrdersPrice spread, now +0.139%Rate

Funding earned: −$79.8
Price spread: +0.139% → 0.000%: $13.93
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$84.87
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 5 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 OKX live order book, 5 min ago	0.49 bp	7.2 bp −$7	13.0 bp −$130	62.5 bp −$6,249	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 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	1.0055	−1.024%	$41K	$113K	12x	as long as short
Reya SUIRUSDPERP	−0.0382%	1h	1.0157	−0.017%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-Pshort	−0.0280%	1h	1.0173	+0.139%	$5K	$19K	7x
Bluefin SUI-PERP	−0.0101%	1h	1.0147	−0.118%	$582K	$453K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0160	+0.006%	$95K	$257K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0163	+0.036%	$390K	$4.2M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0158	−0.010%	$195K	$554K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0160	+0.009%	$115K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0161	+0.021%	$752K	$5.1M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0163	+0.038%	$297K	$2.2M	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	1.0156	−0.030%	$44K	$527K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0157	−0.020%	$47K	$284K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0162	+0.034%	$27K	$8K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0155	−0.039%	$676K	$2.2M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0160	+0.008%	$901K	$4.2M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0161	+0.025%	$217K	$252K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0158	−0.009%	$146.2M	$988.9M	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0156	−0.032%	$97.7M	$308.6M	50x	as long as short
OKX SUI-USDT-SWAPlong	+0.0100%	8h	1.0159	long leg	$40.9M	$367.5M	50x
Arcus SUI-USD	+0.0100%	1h	1.0160	+0.010%	$43K	$324K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0147	−0.114%	$232K	$7K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0155	−0.039%	$168.2M	$82.5M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0157	−0.020%	$112.2M	$291.2M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0159	0.000%	$51.0M	$51.9M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0152	−0.069%	$67.0M	$167.6M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0157	−0.020%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0155	−0.039%	$669K	$1.3M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0144	−0.145%	$2.4M	$3.4M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0146	−0.128%	$163K	$4.2M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0153	−0.064%	$442K	$7.1M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0149	−0.098%	$205K	$370K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0166	+0.069%	$122K	$533K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0174	+0.148%	$2K	$1.6M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0159	0.000%	$5K	$1.7M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0155	−0.039%	$635K	$18.3M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0157	−0.020%	$11.7M	$28.2M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0153	−0.062%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0162	+0.028%	$39K	$11K	3x	as long as short
Kraken Futures PF_SUIUSD	+0.0119%	1h	1.0159	+0.004%	$6.8M	$21.6M	50x	as long as short
Hyperliquid SUI	+0.0119%	1h	1.0166	+0.064%	$73.3M	$77.5M	10x	as long as short
01 Exchange SUIUSD	+0.0144%	1h	1.0160	+0.010%	$8K	$3K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0160	+0.010%	$7.6M	$24.4M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0328%	1h	1.0189	+0.295%	$1.0M	$14.3M	50x	as long as short
Phoenix SUI	+0.0393%	1h	1.0168	+0.087%	$202K	$400K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0602% / S −0.0263%	1h	1.0158	−0.007%	$934K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1257%	1h	1.0158	−0.009%	$82K	$409K	10x	as long as short