Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0472%/8h= +51.7% APRpaid last 24h +0.133%

Price spread now: Orderly against Reya+0.095%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Orderly

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

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Orderly is 0.095% dearer against Reya than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya SUIRUSDPERP	1.0366	−0.0372	get 0.0047% / 1h	17m 46s	$4K	$3K	20x
Short	Orderly PERP_SUI_USDC	1.0376	0.0100	get 0.0100% / 8h	6h 17m	$47K	$249K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.095%Rate

Funding earned: $99.22
Price spread: +0.095% → 0.000%: $9.47
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Orderly: 3 bp × 2 orders: −$6
Net: $96.7
Costs to cover: 0.120%
Break-even: 0.2 days

Slippage unknown: Reya: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—

Reya and Orderly: 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 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	−1.256%	$42K	$123K	12x	as long as short
Hibachi SUI/USDT-P	−0.0376%	1h	1.0359	−0.073%	$6K	$19K	7x	as long as short
Reya SUIRUSDPERPlong	−0.0372%	1h	1.0366	long leg	$4K	$3K	20x
dYdX SUI-USD	0.0000%	1h	1.0380	+0.133%	$95K	$171K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0380	+0.131%	$507K	$5.1M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0381	+0.143%	$202K	$578K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0385	+0.184%	$113K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0012%	1h	1.0384	+0.169%	$6.8M	$27.0M	50x	as long as short
Bluefin SUI-PERP	+0.0075%	1h	1.0366	−0.002%	$593K	$416K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0385	+0.180%	$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	+0.133%	$277K	$2.1M	10x	as long as short
01 Exchange SUIUSD	+0.0096%	1h	1.0361	−0.050%	$9K	$3K	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0363	−0.031%	$31K	$494K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0384	+0.171%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0364	−0.016%	$749K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0353	−0.126%	$909K	$5.0M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0390	+0.227%	$227K	$269K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0344	−0.214%	$151.3M	$1.05B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0346	−0.191%	$102.6M	$312.7M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0348	−0.175%	$40.9M	$390.4M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0360	−0.060%	$44K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0400	+0.327%	$245K	$3K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0346	−0.195%	$163.7M	$84.4M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0346	−0.195%	$149.9M	$300.2M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0347	−0.185%	$51.5M	$53.7M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0345	−0.204%	$67.3M	$171.6M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0346	−0.195%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0358	−0.079%	$691K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0378	+0.110%	$2.4M	$3.2M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0373	+0.062%	$169K	$4.7M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0394	+0.269%	$449K	$7.5M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0374	+0.075%	$237K	$501K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0378	+0.114%	$120K	$723K	10x	as long as short
Orderly PERP_SUI_USDCshort	+0.0100%	8h	1.0376	+0.095%	$47K	$249K	20x
SunX SUI-USDT	+0.0100%	8h	1.0390	+0.230%	$2K	$1.8M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0380	+0.133%	$7K	$2.2M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0378	+0.114%	$645K	$19.8M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0375	+0.085%	$11.6M	$25.8M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0343	−0.226%	$1.5M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0384	+0.175%	$39K	$16K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0152%	1h	1.0392	+0.249%	$997K	$14.6M	50x	as long as short
Hyperliquid SUI	+0.0159%	1h	1.0360	−0.060%	$74.2M	$80.6M	10x	as long as short
Phoenix SUI	+0.0221%	1h	1.0410	+0.424%	$206K	$595K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0614% / S −0.0271%	1h	1.0380	+0.135%	$964K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1041%	1h	1.0387	+0.204%	$80K	$381K	10x	as long as short