Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.015%

Price spread now: Gate against Popdex−0.019%7-day average −0.026% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$480.477% of the position

Long on Popdex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.013%−$1 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now −0.019%, 7d avg −0.026%

Together, before fees−0.009%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex SUIUSDT	1.0355	0.0096	pay 0.0012% / 1h	20m 47s	$40K	$496K	50x
Short	Gate SUI_USDT	1.0353	0.0100	get 0.0100% / 8h	20m 47s	$166.2M	$81.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.019%Rate

Funding earned: $0.84
Price spread: −0.019% → −0.026%: $0.62
Slippage, 4 orders: −$26.25
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$46.19
Costs to cover: 0.477%
Break-even: 391.9 days

Slippage from Popdex: live order book, 58 min ago; Gate: live order book, 3 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, 58 min ago	2.59 bp	7.6 bp −$8	23.7 bp −$237	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	0.97 bp	14.7 bp −$15	29.7 bp −$297	55.7 bp −$5,575	99.3 bp −$49.6K

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	−0.3474%	1h	1.0240	−1.111%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0369%	1h	1.0348	−0.070%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0328%	1h	1.0348	−0.063%	$6K	$19K	7x	as long as short
Bluefin SUI-PERP	−0.0056%	1h	1.0333	−0.212%	$592K	$406K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0340	−0.142%	$97K	$173K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0356	+0.012%	$462K	$5.3M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0347	−0.077%	$201K	$581K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0349	−0.056%	$119K	—	150x	as long as short
01 Exchange SUIUSD	+0.0088%	1h	1.0358	+0.029%	$9K	$9K	10x	as long as short
Lighter SUI	+0.0096%	1h	1.0353	−0.020%	$796K	$5.9M	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	1.0356	+0.012%	$261K	$2.0M	10x	as long as short
Popdex SUIUSDTlong	+0.0096%	1h	1.0355	long leg	$40K	$496K	50x
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0344	−0.106%	$46K	$328K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0345	−0.096%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0353	−0.019%	$600K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0356	+0.005%	$1.0M	$4.7M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0348	−0.072%	$224K	$260K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0343	−0.116%	$152.7M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0344	−0.110%	$103.8M	$307.4M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0338	−0.164%	$41.5M	$386.9M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0350	−0.048%	$46K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0338	−0.168%	$243K	$2K	10x	as long as short
Gate SUI_USDTshort	+0.0100%	8h	1.0353	−0.019%	$166.2M	$81.4M	50x
MEXC SUI_USDT	+0.0100%	8h	1.0355	0.000%	$150.2M	$291.4M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0348	−0.068%	$51.6M	$52.5M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0350	−0.048%	$68.1M	$168.0M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0354	−0.010%	—	$81.7M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0349	−0.058%	$665K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0353	−0.018%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0329	−0.254%	$168K	$4.4M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0342	−0.126%	$447K	$7.0M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0329	−0.251%	$234K	$442K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0360	+0.048%	$108K	$775K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0369	+0.135%	$3K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0344	−0.106%	$6K	$2.3M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0341	−0.135%	$645K	$18.5M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0345	−0.097%	$11.6M	$24.9M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0350	−0.048%	$1.4M	$3.8M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0351	−0.034%	$49K	$37K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0346	−0.087%	$8.0M	$24.2M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0224%	1h	1.0350	−0.048%	$991K	$14.0M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0273%	1h	1.0348	−0.066%	$7.2M	$24.1M	50x	as long as short
Phoenix SUI	+0.0327%	1h	1.0352	−0.034%	$205K	$593K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0636% / S −0.0304%	1h	1.0350	−0.044%	$895K	—	100x	as long as short
Hyperliquid SUI	+0.0659%	1h	1.0366	+0.106%	$75.0M	$80.9M	10x	as long as short
Aftermath Perps SUIUSD	+0.0821%	1h	1.0354	−0.011%	$93K	$382K	10x	as long as short