Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0467%/8h= +51.1% APRpaid last 24h +0.133%

Price spread now: Aster against Reya−0.094%56s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Reya Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · Aster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.094% cheaper against Reya than usual: you would sell low and buy high (spread −0.094% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 16 hours of funding at the current rate (+$14 a day). The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya SUIRUSDPERP	1.0190	−0.0367	get 0.0046% / 1h	59m 41s	$4K	$3K	20x
Short	Aster SUIUSDT	1.0180	0.0100	get 0.0100% / 8h	1h 59m	$997K	$4.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Reya. 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 ReyabpFee AsterbpOrdersPrice spread, now −0.094%Rate

Funding earned: $98.08
Price spread: −0.094% → 0.000%: −$9.42
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: $74.66
Costs to cover: 0.140%
Break-even: 1.7 days

Slippage unknown: Reya: no order-book sample; Aster: live order book, 4 min ago. Net counts fees only.

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 Reya no order-book sample	—	—	—	—	—
Sell Aster live order book, 4 min ago	0.98 bp	8.6 bp −$9	21.7 bp −$217	doesn't fit	doesn't fit

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.2398%	1h	1.0068	−1.194%	$41K	$123K	12x	as long as short
Hibachi SUI/USDT-P	−0.0472%	1h	1.0191	+0.017%	$6K	$18K	7x	as long as short
Reya SUIRUSDPERPlong	−0.0367%	1h	1.0190	long leg	$4K	$3K	20x
Bluefin SUI-PERP	−0.0109%	1h	1.0179	−0.104%	$583K	$405K	25x	as long as short
Kraken Futures PF_SUIUSD	−0.0022%	1h	1.0191	+0.012%	$7.0M	$24.0M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0169	−0.203%	$93K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0197	+0.069%	$456K	$5.5M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0194	+0.043%	$186K	$547K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0192	+0.023%	$118K	—	150x	as long as short
01 Exchange SUIUSD	+0.0072%	1h	1.0186	−0.036%	$9K	$9K	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SUI	+0.0096%	1h	1.0177	−0.119%	$778K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0180	−0.098%	$251K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0192	+0.023%	$36K	$503K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0098%	8h	1.0191	+0.013%	$45K	$376K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0177	−0.126%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0191	+0.008%	$595K	$1.3M	10x	as long as short
Aster SUIUSDTshort	+0.0100%	8h	1.0180	−0.094%	$997K	$4.5M	75x
Pacifica SUI	+0.0100%	1h	1.0180	−0.099%	$220K	$261K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0194	+0.046%	$151.1M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0202	+0.121%	$102.1M	$306.8M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0174	−0.154%	$40.8M	$381.1M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0180	−0.095%	$147K	$297K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0202	+0.117%	$240K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0178	−0.114%	$164.0M	$80.4M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0177	−0.124%	$147.7M	$292.4M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0174	−0.154%	$51.5M	$51.9M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0174	−0.154%	$66.9M	$168.8M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0178	−0.114%	—	$81.9M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0184	−0.055%	$647K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0201	+0.112%	$2.2M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0200	+0.097%	$164K	$4.4M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0191	+0.012%	$440K	$7.1M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0204	+0.141%	$231K	$445K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0199	+0.092%	$106K	$785K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0210	+0.200%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0190	+0.003%	$6K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0190	+0.003%	$619K	$18.7M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0189	−0.006%	$11.4M	$24.6M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0176	−0.138%	$1.4M	$3.7M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0190	+0.003%	$48K	$37K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0216%	1h	1.0205	+0.151%	$979K	$13.7M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0204	+0.141%	$8.0M	$23.8M	100x	as long as short
Phoenix SUI	+0.0290%	1h	1.0194	+0.045%	$184K	$578K	10x	as long as short
Hyperliquid SUI	+0.0414%	1h	1.0183	−0.065%	$72.5M	$81.4M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0637% / S −0.0311%	1h	1.0190	+0.007%	$894K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0655%	1h	1.0190	+0.004%	$91K	$381K	10x	as long as short