Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: OKX against Popdex−0.098%7-day average −0.022% · 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−$37as in the Price arb table

costs, in and out, $10k−$300.295% of the position

Long on Popdex Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.143%+$14 · spread now −0.098%, 7d avg −0.022%

Together, before fees+0.148%+$15 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: OKX is 0.077% cheaper against Popdex than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex SUIUSDT	1.0160	0.0096	pay 0.0012% / 1h	44m 27s	$34K	$521K	50x
Short	OKX SUI-USDT-SWAP	1.0150	0.0100	get 0.0100% / 8h	1h 44m	$41.0M	$385.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.098%Rate

Funding earned: $0.84
Price spread: −0.098% → −0.022%: −$7.67
Slippage, 4 orders: −$13.14
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$36.37
Costs to cover: 0.295%
Break-even: 310.1 days

Slippage from Popdex: live order book, 64 min ago; OKX: 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 Popdex live order book, 64 min ago	2.05 bp	8.1 bp −$8	24.3 bp −$243	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.49 bp	8.0 bp −$8	13.3 bp −$133	40.5 bp −$4,054	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	−0.3536%	1h	1.0076	−0.827%	$41K	$113K	12x	as long as short
Reya SUIRUSDPERP	−0.0379%	1h	1.0149	−0.108%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0184%	1h	1.0133	−0.264%	$5K	$21K	7x	as long as short
Bluefin SUI-PERP	−0.0028%	1h	1.0159	−0.010%	$582K	$428K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0164	+0.039%	$95K	$294K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0149	−0.106%	$376K	$4.9M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0170	+0.098%	$196K	$563K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0166	+0.062%	$115K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0160	+0.003%	$788K	$5.3M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0165	+0.044%	$296K	$2.2M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex SUIUSDTlong	+0.0096%	1h	1.0160	long leg	$34K	$521K	50x
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0168	+0.079%	$47K	$211K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0159	−0.013%	$27K	$8K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0154	−0.059%	$536K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0162	+0.017%	$897K	$4.3M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0165	+0.046%	$217K	$264K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0162	+0.017%	$145.5M	$1.04B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0151	−0.090%	$99.4M	$319.4M	50x	as long as short
OKX SUI-USDT-SWAPshort	+0.0100%	8h	1.0150	−0.098%	$41.0M	$385.3M	50x
Arcus SUI-USD	+0.0100%	1h	1.0160	0.000%	$43K	$329K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0165	+0.049%	$239K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0158	−0.020%	$165.5M	$82.9M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0162	+0.020%	$151.3M	$291.1M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0160	0.000%	$49.7M	$53.3M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0151	−0.089%	$67.0M	$175.6M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0161	+0.010%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0166	+0.059%	$669K	$1.4M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0130	−0.298%	$2.4M	$3.5M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0155	−0.050%	$163K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0139	−0.207%	$438K	$7.5M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0159	−0.010%	$223K	$409K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0160	0.000%	$129K	$668K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0176	+0.157%	$3K	$1.7M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0164	+0.039%	$6K	$1.9M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0165	+0.049%	$621K	$19.0M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0160	0.000%	$11.7M	$28.1M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0156	−0.042%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0174	+0.135%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0200%	1h	1.0166	+0.059%	$9K	$2K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0169	+0.089%	$7.6M	$24.8M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0280%	1h	1.0176	+0.157%	$1.0M	$14.9M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0365%	1h	1.0169	+0.087%	$6.8M	$23.1M	50x	as long as short
Phoenix SUI	+0.0431%	1h	1.0151	−0.084%	$201K	$413K	10x	as long as short
Hyperliquid SUI	+0.0595%	1h	1.0167	+0.069%	$73.1M	$83.5M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0601% / S −0.0263%	1h	1.0165	+0.048%	$933K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1411%	1h	1.0176	+0.154%	$82K	$410K	10x	as long as short