Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0474%/8h= +51.9% APRpaid last 24h +0.129%

Price spread now: Binance against Reya−0.478%7-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 Binance

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 · farm boardneeds both histories

Funding pays, the price is against you. Binance is 0.478% cheaper against Reya than usual: you would sell low and buy high (spread −0.478% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$48 on $10k: about 3.4 days of funding at the current rate (+$14 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya SUIRUSDPERP	1.0566	−0.0374	get 0.0047% / 1h	29m 07s	$4K	$3K	20x
Short	Binance SUIUSDT	1.0516	0.0100	get 0.0100% / 8h	5h 29m	$153.8M	$1.03B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.478%Rate

Funding earned: $99.48
Price spread: −0.478% → 0.000%: −$47.76
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: $35.72
Costs to cover: 0.160%
Break-even: 4.5 days

Slippage unknown: Reya: no order-book sample; Binance: live order book, 15 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 Binance live order book, 15 min ago	0.48 bp	6.1 bp −$6	11.5 bp −$115	28.1 bp −$2,811	79.1 bp −$39.6K

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	−0.3542%	1h	1.0488	−0.740%	$43K	$123K	12x	as long as short
Reya SUIRUSDPERPlong	−0.0374%	1h	1.0566	long leg	$4K	$3K	20x
Hibachi SUI/USDT-P	−0.0224%	1h	1.0589	+0.212%	$6K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0571	+0.043%	$96K	$168K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0584	+0.164%	$541K	$4.9M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0535	−0.295%	$205K	$575K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0550	−0.153%	$115K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0526	−0.377%	$838K	$5.6M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0533	−0.314%	$285K	$2.1M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0562	−0.040%	$35K	$501K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex SUI-USD-PERP	+0.0100%	8h	1.0579	+0.116%	$28K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0569	+0.024%	$727K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0537	−0.274%	$928K	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0578	+0.109%	$231K	$259K	10x	as long as short
Binance SUIUSDTshort	+0.0100%	8h	1.0516	−0.478%	$153.8M	$1.03B	75x
Bybit SUIUSDT	+0.0100%	8h	1.0516	−0.475%	$103.6M	$308.5M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0514	−0.494%	$41.4M	$389.1M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0560	−0.059%	$45K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0420	−1.389%	$245K	$4K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0525	−0.390%	$168.5M	$83.1M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0524	−0.400%	$153.1M	$293.3M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0525	−0.390%	$51.9M	$53.6M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0524	−0.400%	$68.9M	$168.8M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0526	−0.381%	—	$82.1M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0513	−0.504%	$698K	$1.3M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0530	−0.340%	$2.4M	$3.2M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0466	−0.946%	$170K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0557	−0.085%	$463K	$7.5M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0545	−0.201%	$239K	$469K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0580	+0.130%	$124K	$717K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0534	−0.305%	$48K	$236K	20x	as long as short
Bluefin SUI-PERP	+0.0100%	1h	1.0641	+0.708%	$609K	$407K	25x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0537	−0.276%	$2K	$1.8M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0528	−0.362%	$14K	$2.1M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0524	−0.400%	$600K	$19.6M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0530	−0.343%	$11.8M	$26.1M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0528	−0.366%	$1.5M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0539	−0.260%	$40K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0152%	1h	1.0570	+0.036%	$9K	$3K	10x	as long as short
Coinbase International SUI-PERP-INTX	+0.0176%	1h	1.0529	−0.352%	$992K	$14.9M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0521	−0.428%	$8.1M	$25.2M	100x	as long as short
Kraken Futures PF_SUIUSD	+0.0285%	1h	1.0526	−0.378%	$6.9M	$26.9M	50x	as long as short
Phoenix SUI	+0.0362%	1h	1.0537	−0.272%	$214K	$561K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0625% / S −0.0272%	1h	1.0548	−0.169%	$984K	—	100x	as long as short
Hyperliquid SUI	+0.0682%	1h	1.0539	−0.258%	$76.9M	$80.8M	10x	as long as short
Aftermath Perps SUIUSD	+0.1320%	1h	1.0502	−0.607%	$84K	$388K	10x	as long as short