Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.006%

Price spread now: Binance against Popdex+0.173%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$300.296% of the position

Long on Popdex Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.101%−$10 · spread now +0.173%, 7d avg −0.007%

Together, before fees−0.105%−$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.180% dearer against Popdex than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex SUIUSDT	1.0401	0.0096	pay 0.0012% / 1h	54m 49s	$31K	$499K	50x
Short	Binance SUIUSDT	1.0419	0.0100	get 0.0100% / 8h	5h 54m	$152.4M	$1.03B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Popdex. 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 PopdexbpFee BinancebpOrdersPrice spread, now +0.173%Rate

Funding earned: $0.84
Price spread: +0.173% → −0.007%: $17.98
Slippage, 4 orders: −$13.24
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$10.83
Costs to cover: 0.296%
Break-even: 97.2 days

Slippage from Popdex: live order book, 9 min ago; Binance: live order book, 4 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 Popdex live order book, 9 min ago	2.40 bp	8.8 bp −$9	26.8 bp −$268	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	0.48 bp	5.5 bp −$5	10.5 bp −$105	26.9 bp −$2,689	74.3 bp −$37.2K

SUI on 45 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	−0.3542%	1h	1.0252	−1.433%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0373%	1h	1.0395	−0.053%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0264%	1h	1.0455	+0.519%	$6K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0404	+0.032%	$95K	$168K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0423	+0.212%	$513K	$4.8M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0400	−0.010%	$202K	$576K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0400	−0.012%	$114K	—	150x	as long as short
Bluefin SUI-PERP	+0.0012%	1h	1.0388	−0.125%	$595K	$411K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0416	+0.143%	$829K	$5.6M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0412	+0.107%	$278K	$2.1M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex SUIUSDTlong	+0.0096%	1h	1.0401	long leg	$31K	$499K	50x
Paradex SUI-USD-PERP	+0.0100%	8h	1.0413	+0.113%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0404	+0.024%	$719K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0422	+0.203%	$914K	$4.7M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0411	+0.096%	$227K	$266K	10x	as long as short
Binance SUIUSDTshort	+0.0100%	8h	1.0419	+0.173%	$152.4M	$1.03B	75x
Bybit SUIUSDT	+0.0100%	8h	1.0421	+0.192%	$103.2M	$308.6M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0411	+0.096%	$41.1M	$385.5M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0400	−0.010%	$44K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0402	+0.011%	$245K	$4K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0420	+0.183%	$165.1M	$82.3M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0420	+0.183%	$151.4M	$290.0M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0422	+0.202%	$50.8M	$53.7M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0422	+0.202%	$67.9M	$168.5M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0422	+0.202%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0415	+0.135%	$712K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0468	+0.642%	$2.4M	$3.2M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0358	−0.410%	$169K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0410	+0.087%	$455K	$7.5M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0355	−0.442%	$236K	$470K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0394	−0.067%	$47K	$241K	20x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0414	+0.125%	$2K	$1.8M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0403	+0.019%	$6K	$2.1M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0394	−0.067%	$593K	$19.8M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0406	+0.048%	$11.6M	$26.0M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0421	+0.197%	$1.5M	$4.0M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0406	+0.045%	$39K	$11K	3x	as long as short
Polymarket Perps SUI-USD	+0.0117%	1h	1.0412	+0.106%	$122K	$728K	10x	as long as short
01 Exchange SUIUSD	+0.0128%	1h	1.0404	+0.029%	$9K	$3K	10x	as long as short
Coinbase International SUI-PERP-INTX	+0.0176%	1h	1.0405	+0.038%	$966K	$14.6M	50x	as long as short
Phoenix SUI	+0.0221%	1h	1.0385	−0.153%	$206K	$561K	10x	as long as short
Kraken Futures PF_SUIUSD	+0.0289%	1h	1.0406	+0.049%	$6.8M	$26.9M	50x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0618% / S −0.0272%	1h	1.0399	−0.015%	$969K	—	100x	as long as short
Hyperliquid SUI	+0.0746%	1h	1.0435	+0.327%	$75.4M	$80.4M	10x	as long as short
Aftermath Perps SUIUSD	+0.1171%	1h	1.0406	+0.049%	$83K	$383K	10x	as long as short