Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0778%/8h= +85.2% APRpaid last 24h +0.198%

Price spread now: Aftermath Perps against Orderly−0.258%7-day average +0.085% · you buy dearer than you sell

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

Long on Orderly Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.733%+$73 on $10k

Price spread, last 3 days (all we have)+0.267%+$27 · spread now −0.258%, 7d avg +0.085%

Together, before fees+1.000%+$100 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aftermath Perps is 0.343% cheaper against Orderly than usual: you would sell low and buy high (spread −0.258% now, against its 7-day average of +0.085%). If the spread goes back, that is −$34 on $10k: about 35 hours of funding at the current rate (+$23 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_SUI_USDC	1.0501	0.0100	pay 0.0100% / 8h	7h 33m	$47K	$313K	20x
Short	Aftermath Perps SUIUSD	1.0474	0.0878	get 0.0110% / 1h	33m 34s	$93K	$368K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Orderly. 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 OrderlybpFee Aftermath PerpsbpOrdersPrice spread, now −0.258%Rate

Funding earned: $163.36
Price spread: −0.258% → +0.085%: −$34.27
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $114.09
Costs to cover: 0.150%
Break-even: 2.1 days

Slippage unknown: Orderly: no order-book sample; Aftermath Perps: live order book, 41 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Aftermath Perps live order book, 41 min ago	1.06 bp	21.8 bp −$22	31.5 bp −$315	doesn't fit	doesn't fit

Orderly: 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	−0.3416%	1h	1.0330	−1.628%	$42K	$123K	12x	as long as short
Bluefin SUI-PERP	−0.0691%	1h	1.0490	−0.105%	$602K	$410K	25x	as long as short
Hibachi SUI/USDT-P	−0.0424%	1h	1.0484	−0.159%	$6K	$19K	7x	as long as short
Reya SUIRUSDPERP	−0.0371%	1h	1.0497	−0.042%	$4K	$3K	20x	as long as short
Phemex SUIUSDT	−0.0075%	8h	1.0509	+0.076%	$11.8M	$25.0M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0504	+0.029%	$96K	$169K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0525	+0.229%	$483K	$5.0M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0510	+0.086%	$204K	$583K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0506	+0.049%	$121K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0038%	1h	1.0512	+0.103%	$7.3M	$23.9M	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	+0.0080%	1h	1.0503	+0.019%	$9K	$9K	10x	as long as short
Lighter SUI	+0.0096%	1h	1.0511	+0.096%	$814K	$5.8M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0509	+0.080%	$272K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0506	+0.048%	$29K	$486K	50x	as long as short
Orderly PERP_SUI_USDClong	+0.0100%	8h	1.0501	long leg	$47K	$313K	20x
Paradex SUI-USD-PERP	+0.0100%	8h	1.0509	+0.080%	$28K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0501	+0.005%	$667K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0508	+0.065%	$1.0M	$4.8M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0509	+0.076%	$228K	$256K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0506	+0.050%	$156.1M	$1.02B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0500	−0.009%	$105.0M	$304.8M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0496	−0.048%	$42.2M	$386.9M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0520	+0.181%	$47K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0450	−0.489%	$246K	$813	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0507	+0.057%	$169.3M	$80.7M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0508	+0.067%	$154.7M	$293.4M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0507	+0.057%	$51.2M	$52.7M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0512	+0.105%	$69.3M	$165.6M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0515	+0.133%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0508	+0.067%	$678K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0488	−0.125%	$2.4M	$2.9M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0495	−0.056%	$171K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0526	+0.234%	$458K	$7.4M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0479	−0.210%	$241K	$479K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0518	+0.162%	$120K	$757K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0518	+0.162%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0506	+0.048%	$6K	$2.3M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0504	+0.029%	$647K	$18.5M	75x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0507	+0.056%	$1.5M	$3.9M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0510	+0.084%	$40K	$16K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0200%	1h	1.0507	+0.057%	$1.0M	$14.4M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0518	+0.162%	$8.1M	$24.2M	100x	as long as short
Phoenix SUI	+0.0299%	1h	1.0503	+0.024%	$208K	$590K	10x	as long as short
Hyperliquid SUI	+0.0391%	1h	1.0522	+0.199%	$76.6M	$79.0M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0640% / S −0.0324%	1h	1.0507	+0.054%	$914K	—	100x	as long as short
Aftermath Perps SUIUSDshort	+0.0878%	1h	1.0474	−0.258%	$93K	$368K	10x