Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0364%/8h= +39.9% APRpaid last 24h +0.006%

Price spread now: Aevo against Phemex−0.016%7-day average — · you buy dearer than you sell

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

Long on Phemex Short on Aevo

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—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$11 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SUIUSDT	1.0562	−0.0260	get 0.0260% / 8h	7h 26m	$11.8M	$25.2M	50x
Short	Aevo SUI-PERP	1.0560	0.0104	get 0.0013% / 1h	26m 57s	$40K	$16K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Phemex. 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 PhemexbpFee AevobpOrdersPrice spread, now −0.016%Rate

Funding earned: $76.43
Price spread: −0.016% → 0.000%: −$1.57
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: $46.86
Costs to cover: 0.280%
Break-even: 2.7 days

Slippage unknown: Phemex: live order book, 2 min ago; Aevo: 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 Phemex live order book, 2 min ago	7.11 bp	19.2 bp −$19	33.2 bp −$332	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	−2.197%	$42K	$123K	12x	as long as short
Bluefin SUI-PERP	−0.0586%	1h	1.0544	−0.170%	$605K	$408K	25x	as long as short
Hibachi SUI/USDT-P	−0.0440%	1h	1.0549	−0.120%	$6K	$18K	7x	as long as short
Reya SUIRUSDPERP	−0.0371%	1h	1.0551	−0.104%	$4K	$3K	20x	as long as short
Phemex SUIUSDTlong	−0.0260%	8h	1.0562	long leg	$11.8M	$25.2M	50x
dYdX SUI-USD	0.0000%	1h	1.0551	−0.104%	$97K	$169K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0562	+0.002%	$484K	$4.9M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0558	−0.038%	$205K	$582K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0560	−0.020%	$122K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0038%	1h	1.0563	+0.011%	$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	1.0560	−0.019%	$9K	$9K	10x	as long as short
Lighter SUI	+0.0096%	1h	1.0559	−0.028%	$818K	$5.8M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0562	+0.005%	$276K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0557	−0.047%	$30K	$481K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0556	−0.057%	$47K	$312K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0589	+0.256%	$28K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0554	−0.071%	$671K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0562	+0.004%	$1.0M	$4.8M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0558	−0.038%	$229K	$253K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0582	+0.189%	$157.3M	$1.02B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0588	+0.241%	$106.1M	$304.4M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0586	+0.227%	$42.5M	$389.5M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0550	−0.114%	$47K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0564	+0.021%	$248K	$1K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0579	+0.161%	$171.1M	$81.2M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0576	+0.133%	$155.6M	$295.1M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0573	+0.104%	$51.6M	$52.7M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0570	+0.076%	$69.5M	$165.3M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0581	+0.180%	—	$81.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0557	−0.047%	$678K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0491	−0.673%	$2.4M	$2.9M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0548	−0.135%	$171K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0526	−0.341%	$459K	$7.3M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0560	−0.019%	$242K	$479K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0563	+0.009%	$120K	$752K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0565	+0.028%	$3K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0557	−0.047%	$6K	$2.3M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0552	−0.095%	$651K	$18.6M	75x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0572	+0.097%	$1.5M	$3.9M	50x	as long as short
Aevo SUI-PERPshort	+0.0104%	1h	1.0560	−0.016%	$40K	$16K	3x
Coinbase International SUI-PERP-INTX	+0.0200%	1h	1.0559	−0.028%	$996K	$14.4M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0547	−0.142%	$8.1M	$24.7M	100x	as long as short
Phoenix SUI	+0.0299%	1h	1.0559	−0.027%	$209K	$590K	10x	as long as short
Hyperliquid SUI	+0.0401%	1h	1.0573	+0.103%	$76.9M	$79.3M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0641% / S −0.0324%	1h	1.0557	−0.045%	$918K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0913%	1h	1.0528	−0.325%	$76K	$381K	10x	as long as short