Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Bybit against SoDEX+0.078%7-day average −0.004% · 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−$22as in the Price arb table

costs, in and out, $10k−$310.306% of the position

Long on SoDEX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.093%−$9 · spread now +0.078%, 7d avg −0.004%

Together, before fees−0.093%−$9 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: Bybit is 0.082% dearer against SoDEX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX SUI-USD	1.0241	0.0100	pay 0.0013% / 1h	49m 33s	$6K	$2.4M	10x
Short	Bybit SUIUSDT	1.0249	0.0100	get 0.0100% / 8h	1h 49m	$102.5M	$307.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against SoDEX. 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 SoDEXbpFee BybitbpOrdersPrice spread, now +0.078%Rate

Funding earned: $0
Price spread: +0.078% → −0.004%: $8.24
Slippage, 4 orders: −$11.62
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$22.38
Costs to cover: 0.306%
Break-even: never at this rate

Slippage from SoDEX: live order book, 4 min ago; Bybit: 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 SoDEX live order book, 4 min ago	0.49 bp	7.5 bp −$7	16.8 bp −$168	105.9 bp −$10.6K	doesn't fit
Sell Bybit live order book, 5 min ago	0.49 bp	6.5 bp −$6	10.5 bp −$105	37.2 bp −$3,724	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	−0.2926%	1h	1.0068	−1.689%	$41K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0367%	1h	1.0237	−0.040%	$4K	$3K	20x	as long as short
Bluefin SUI-PERP	−0.0081%	1h	1.0223	−0.176%	$585K	$404K	25x	as long as short
Hibachi SUI/USDT-P	−0.0048%	1h	1.0232	−0.083%	$6K	$18K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0250	+0.088%	$93K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0244	+0.030%	$458K	$5.5M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0241	0.000%	$187K	$547K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0236	−0.046%	$118K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0250	+0.087%	$790K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0254	+0.132%	$253K	$2.0M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex SUIUSDT	+0.0096%	1h	1.0251	+0.098%	$37K	$503K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0098%	8h	1.0238	−0.029%	$45K	$375K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0249	+0.082%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0243	+0.015%	$596K	$1.3M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0247	+0.054%	$1.0M	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0250	+0.083%	$223K	$262K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0250	+0.087%	$151.5M	$1.03B	75x	as long as short
Bybit SUIUSDTshort	+0.0100%	8h	1.0249	+0.078%	$102.5M	$307.0M	50x
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0247	+0.059%	$40.9M	$383.4M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0250	+0.088%	$148K	$287K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0236	−0.052%	$241K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0247	+0.059%	$165.3M	$80.5M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0248	+0.068%	$149.6M	$293.6M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0246	+0.049%	$51.5M	$52.1M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0242	+0.010%	$67.4M	$168.8M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0247	+0.059%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0243	+0.020%	$651K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0232	−0.091%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0234	−0.068%	$165K	$4.4M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0259	+0.179%	$441K	$7.0M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0255	+0.137%	$232K	$445K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0246	+0.049%	$106K	$786K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0257	+0.156%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USDlong	+0.0100%	1h	1.0241	long leg	$6K	$2.4M	10x
HTX SUI-USDT	+0.0100%	8h	1.0238	−0.029%	$622K	$18.7M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0240	−0.010%	$11.5M	$24.6M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0245	+0.043%	$1.4M	$3.8M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0241	−0.002%	$48K	$37K	3x	as long as short
01 Exchange SUIUSD	+0.0120%	1h	1.0255	+0.137%	$9K	$9K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0234	−0.068%	$8.0M	$23.8M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0239	−0.020%	$979K	$13.8M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0297%	1h	1.0247	+0.055%	$7.2M	$24.1M	50x	as long as short
Phoenix SUI	+0.0346%	1h	1.0261	+0.195%	$185K	$574K	10x	as long as short
Hyperliquid SUI	+0.0363%	1h	1.0257	+0.156%	$73.0M	$81.4M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0636% / S −0.0309%	1h	1.0238	−0.033%	$894K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0675%	1h	1.0238	−0.026%	$94K	$384K	10x	as long as short