Settings8H · net · $10k
Funding arb · Price arb /

SUI

all SUI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0266%/8h= +29.2% APRpaid last 24h +0.017%
Price spread now: Kraken Futures against Phemex+0.004%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$430.432% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.164%+$16 on $10k
Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.004%, 7d avg +0.013%
Together, before fees+0.166%+$17 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.164% in total (about 8.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex SUIUSDT1.01260.0100pay 0.0100% / 8h1h 41m$11.7M$28.1M50x
ShortKraken Futures PF_SUIUSD1.01260.0366get 0.0046% / 1h41m 52s$6.8M$23.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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

Funding earned
$55.95
Price spread: +0.004% → +0.013%
−$0.93
Slippage, 4 orders
−$21.19
Fee Phemex: 6 bp × 2 orders
−$12
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$11.83
Costs to cover
0.432%
Break-even
5.5 days
Slippage from Phemex: live order book, 2 min ago; Kraken Futures: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 2 min ago1.48 bp9.9 bp −$1027.8 bp −$278doesn't fitdoesn't fit
Sell Kraken Futures live order book, 2 min ago1.97 bp11.4 bp −$1115.4 bp −$15439.2 bp −$3,921doesn't fit

SUI on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SUI/USDC PERP−0.3536%1h1.0076−0.494%$41K$113K12xas long as short
Reya SUIRUSDPERP−0.0379%1h1.0127+0.005%$4K$3K20xas long as short
Hibachi SUI/USDT-P−0.0184%1h1.0150+0.240%$5K$21K7xas long as short
Bluefin SUI-PERP−0.0032%1h1.0124−0.020%$580K$427K25xas long as short
dYdX SUI-USD0.0000%1h1.0130+0.040%$95K$294K10xas long as short
Kalshi KXSUIPERP0.0000%8h1.0137+0.112%$376K$4.9M2.5xas long as short
Deribit SUI_USDC-PERPETUAL0.0000%1h1.0127+0.010%$195K$563K25xas long as short
gTrade (Gains Network) SUI/USDL +0.0003% / S −0.0003%1h1.01260.000%$114K150xas long as short
Lighter SUI+0.0096%1h1.0127+0.008%$786K$5.3M10xas long as short
Lighter RH SUI+0.0096%1h1.0130+0.042%$295K$2.2M10xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex SUIUSDT+0.0096%1h1.0132+0.059%$35K$521K50xas long as short
Orderly PERP_SUI_USDC+0.0100%8h1.01260.000%$46K$212K20xas long as short
Paradex SUI-USD-PERP+0.0100%8h1.0131+0.045%$26K$8K30xas long as short
Nado SUI-PERP+0.0100%1h1.0126+0.005%$534K$2.1M10xas long as short
Aster SUIUSDT+0.0100%8h1.0130+0.037%$894K$4.3M75xas long as short
Pacifica SUI+0.0100%1h1.0134+0.078%$217K$264K10xas long as short
Binance SUIUSDT+0.0100%8h1.0134+0.076%$145.1M$1.04B75xas long as short
Bybit SUIUSDT+0.0100%8h1.0133+0.069%$98.6M$319.4M50xas long as short
OKX SUI-USDT-SWAP+0.0100%8h1.0127+0.010%$40.7M$383.7M50xas long as short
Arcus SUI-USD+0.0100%1h1.0140+0.138%$43K$329K10xas long as short
Bulk SUI-USD+0.0100%1h1.0133+0.069%$238K$2K10xas long as short
Gate SUI_USDT+0.0100%8h1.0123−0.030%$164.9M$83.0M50xas long as short
MEXC SUI_USDT+0.0100%8h1.0131+0.049%$151.1M$291.2M300xas long as short
KuCoin SUIUSDTM+0.0100%8h1.0122−0.040%$49.5M$53.3M75xas long as short
Bitget SUIUSDT+0.0100%8h1.0122−0.040%$66.8M$175.3M75xas long as short
BingX SUI-USDC+0.0100%8h1.0136+0.099%$6.5Mas long as short
Backpack SUI_USDC_PERP+0.0100%1h1.0121−0.049%$666K$1.4M20xas long as short
Variational Omni SUI+0.0100%8h1.0130+0.037%$2.4M$3.5Mas long as short
edgeX SUIUSDC+0.0100%4h1.0143+0.164%$164K$4.6M20xas long as short
GRVT SUI_USDT_Perp+0.0100%8h1.0139+0.128%$438K$7.5M10xas long as short
ApeX Omni SUIUSDT+0.0100%1h1.0149+0.227%$223K$395K50xas long as short
Polymarket Perps SUI-USD+0.0100%1h1.0135+0.089%$126K$673K10xas long as short
SunX SUI-USDT+0.0100%8h1.0139+0.128%$2K$1.7M30xas long as short
SoDEX SUI-USD+0.0100%1h1.0122−0.040%$6K$1.9M10xas long as short
HTX SUI-USDT+0.0100%8h1.0128+0.020%$621K$18.9M75xas long as short
Phemex SUIUSDTlong+0.0100%8h1.0126long leg$11.7M$28.1M50x
Extended SUI-USD+0.0104%1h1.0117−0.086%$1.4M$4.1M50xas long as short
Aevo SUI-PERP+0.0104%1h1.0124−0.016%$38K$11K3xas long as short
01 Exchange SUIUSD+0.0192%1h1.0135+0.089%$9K$2K10xas long as short
BloFin SUI-USDT+0.0220%8h1.0136+0.099%$7.6M$24.7M100xas long as short
Coinbase International SUI-PERP-INTX+0.0280%1h1.0139+0.128%$1.0M$14.8M50xas long as short
Kraken Futures PF_SUIUSDshort+0.0366%1h1.0126+0.004%$6.8M$23.1M50x
Phoenix SUI+0.0431%1h1.0151+0.252%$201K$413K10xas long as short
Hyperliquid SUI+0.0530%1h1.0137+0.109%$72.9M$83.5M10xas long as short
GMX SUI/USD [ETH-USDC]L +0.0600% / S −0.0263%1h1.0125−0.011%$931K100xas long as short
Aftermath Perps SUIUSD+0.1403%1h1.0155+0.284%$82K$410K10xas long as short