Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: SunX against Popdex+0.261%7-day average +0.109% · 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−$116as in the Price arb table

costs, in and out, $10k−$1311.312% of the position

Long on Popdex Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.010%+$1 on $10k

Price spread, last 3 days (all we have)−0.136%−$14 · spread now +0.261%, 7d avg +0.109%

Together, before fees−0.125%−$13 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: SunX is 0.151% dearer against Popdex than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.109%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex SUIUSDT	1.0363	0.0096	pay 0.0012% / 1h	18m 14s	$31K	$494K	50x
Short	SunX SUI-USDT	1.0390	0.0100	get 0.0100% / 8h	6h 18m	$2K	$1.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.261%Rate

Funding earned: $0.84
Price spread: +0.261% → +0.109%: $15.13
Slippage, 4 orders: −$116.8
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$115.23
Costs to cover: 1.312%
Break-even: 967.2 days

Slippage from Popdex: live order book, 51 min ago; SunX: live order book, 7 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, 51 min ago	2.83 bp	8.9 bp −$9	25.0 bp −$250	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	30.28 bp	68.4 bp −$68	doesn't fit	doesn't fit	doesn't fit

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	−0.4499%	1h	1.0236	−1.226%	$42K	$123K	12x	as long as short
Hibachi SUI/USDT-P	−0.0376%	1h	1.0359	−0.043%	$6K	$19K	7x	as long as short
Reya SUIRUSDPERP	−0.0372%	1h	1.0366	+0.031%	$4K	$3K	20x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0380	+0.164%	$95K	$171K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0380	+0.162%	$507K	$5.1M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0381	+0.174%	$202K	$578K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0385	+0.215%	$113K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0012%	1h	1.0384	+0.200%	$6.8M	$27.0M	50x	as long as short
Bluefin SUI-PERP	+0.0075%	1h	1.0366	+0.029%	$593K	$416K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0385	+0.210%	$821K	$5.7M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SUI	+0.0096%	1h	1.0380	+0.164%	$277K	$2.1M	10x	as long as short
01 Exchange SUIUSD	+0.0096%	1h	1.0361	−0.019%	$9K	$3K	10x	as long as short
Popdex SUIUSDTlong	+0.0096%	1h	1.0363	long leg	$31K	$494K	50x
Paradex SUI-USD-PERP	+0.0100%	8h	1.0384	+0.202%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0364	+0.014%	$749K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0372	+0.088%	$911K	$5.0M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0390	+0.258%	$227K	$269K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0374	+0.106%	$151.7M	$1.05B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0358	−0.044%	$102.7M	$312.6M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0354	−0.087%	$40.9M	$390.6M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0360	−0.029%	$44K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0400	+0.357%	$245K	$3K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0357	−0.058%	$163.9M	$84.4M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0355	−0.077%	$150.1M	$300.1M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0381	+0.174%	$51.7M	$53.7M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0350	−0.125%	$67.3M	$171.6M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0355	−0.077%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0358	−0.048%	$691K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0378	+0.141%	$2.4M	$3.2M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0373	+0.093%	$169K	$4.7M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0394	+0.299%	$449K	$7.5M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0374	+0.106%	$237K	$501K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0378	+0.145%	$120K	$723K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0376	+0.125%	$47K	$249K	20x	as long as short
SunX SUI-USDTshort	+0.0100%	8h	1.0390	+0.261%	$2K	$1.8M	30x
SoDEX SUI-USD	+0.0100%	1h	1.0380	+0.164%	$7K	$2.2M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0378	+0.145%	$645K	$19.8M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0375	+0.116%	$11.6M	$25.8M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0377	+0.133%	$1.5M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0384	+0.206%	$39K	$16K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0152%	1h	1.0392	+0.280%	$997K	$14.6M	50x	as long as short
Hyperliquid SUI	+0.0157%	1h	1.0367	+0.039%	$74.3M	$80.5M	10x	as long as short
Phoenix SUI	+0.0221%	1h	1.0410	+0.455%	$206K	$595K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0614% / S −0.0271%	1h	1.0380	+0.165%	$964K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1041%	1h	1.0387	+0.234%	$80K	$381K	10x	as long as short