Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%

Price spread now: KuCoin against Phemex−0.010%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$510.513% of the position

Long on Phemex Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now −0.010%, 7d avg −0.004%

Together, before fees+0.069%+$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SUIUSDT	1.0347	0.0100	pay 0.0100% / 8h	3h 43m	$11.9M	$26.9M	50x
Short	KuCoin SUIUSDTM	1.0346	0.0100	get 0.0100% / 8h	3h 43m	$50.2M	$54.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.010%Rate

Funding earned: $0
Price spread: −0.010% → −0.004%: −$0.59
Slippage, 4 orders: −$27.34
Fee Phemex: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$51.93
Costs to cover: 0.513%
Break-even: never at this rate

Slippage from Phemex: live order book, 5 min ago; KuCoin: live order book, 5 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 Phemex live order book, 5 min ago	0.97 bp	16.0 bp −$16	31.6 bp −$316	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	1.94 bp	12.8 bp −$13	25.3 bp −$253	doesn't fit	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	−0.3470%	1h	1.0250	−0.937%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0376%	1h	1.0336	−0.102%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0280%	1h	1.0333	−0.137%	$6K	$19K	7x	as long as short
Kraken Futures PF_SUIUSD	−0.0067%	1h	1.0351	+0.035%	$6.8M	$26.8M	50x	as long as short
Bluefin SUI-PERP	−0.0003%	1h	1.0329	−0.174%	$591K	$406K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0346	−0.010%	$130K	$227K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0349	+0.014%	$484K	$5.0M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0345	−0.019%	$201K	$572K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0342	−0.044%	$116K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0346	−0.009%	$792K	$5.4M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SUI	+0.0096%	1h	1.0349	+0.019%	$299K	$2.2M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0343	−0.039%	$43K	$514K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0341	−0.061%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0339	−0.072%	$585K	$2.0M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0349	+0.019%	$905K	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0345	−0.021%	$224K	$259K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0343	−0.040%	$149.5M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0346	−0.010%	$101.7M	$309.5M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0342	−0.048%	$40.5M	$388.1M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0350	+0.029%	$44K	$330K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0369	+0.213%	$244K	$5K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0347	0.000%	$170.3M	$81.2M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0346	−0.010%	$152.3M	$292.8M	300x	as long as short
KuCoin SUIUSDTMshort	+0.0100%	8h	1.0346	−0.010%	$50.2M	$54.2M	75x
Bitget SUIUSDT	+0.0100%	8h	1.0344	−0.029%	$67.4M	$172.5M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0348	+0.010%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0352	+0.048%	$654K	$1.4M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0337	−0.100%	$2.5M	$3.4M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0326	−0.200%	$169K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0308	−0.375%	$448K	$7.6M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0330	−0.164%	$226K	$430K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0354	+0.068%	$124K	$745K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0341	−0.058%	$48K	$138K	20x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0329	−0.174%	$2K	$1.7M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0350	+0.029%	$14K	$2.1M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0346	−0.010%	$575K	$19.6M	75x	as long as short
Phemex SUIUSDTlong	+0.0100%	8h	1.0347	long leg	$11.9M	$26.9M	50x
Extended SUI-USD	+0.0104%	1h	1.0339	−0.076%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0354	+0.063%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0144%	1h	1.0350	+0.029%	$9K	$3K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0349	+0.019%	$7.8M	$24.8M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0354	+0.068%	$979K	$15.1M	50x	as long as short
Phoenix SUI	+0.0408%	1h	1.0379	+0.311%	$210K	$415K	10x	as long as short
Hyperliquid SUI	+0.0446%	1h	1.0356	+0.087%	$74.8M	$81.5M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0611% / S −0.0267%	1h	1.0346	−0.013%	$955K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1506%	1h	1.0356	+0.087%	$83K	$402K	10x	as long as short