Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against SunX−0.338%7-day average −0.119% · you buy dearer than you sell

Net, funding: paid 7d − costs−$558as in the Funding arb table

Net, price: spread back to 7d avg − costs−$559as in the Price arb table

costs, in and out, $10k−$5375.374% of the position

Long on SunX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.207%−$21 on $10k

Price spread, last 4 days (all we have)+0.135%+$14 · spread now −0.338%, 7d avg −0.119%

Together, before fees−0.072%−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.220% cheaper against SunX than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.119%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SUI-USDT	1.0298	0.0100	pay 0.0100% / 8h	3h 20m	$2K	$1.7M	30x
Short	dYdX SUI-USD	1.0263	0	get 0.0000% / 1h	20m 55s	$129K	$227K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against SunX. 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 SunXbpFee dYdXbpOrdersPrice spread, now −0.338%Rate

Funding earned: −$21
Price spread: −0.338% → −0.119%: −$21.97
Slippage, 4 orders: −$519.36
Fee SunX: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$580.33
Costs to cover: 5.374%
Break-even: never at this rate

Slippage from SunX: live order book, 5 min ago; dYdX: live order book, 53 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 SunX live order book, 5 min ago	44.47 bp	121.0 bp −$121	doesn't fit	doesn't fit	doesn't fit
Sell dYdX live order book, 53 min ago	30.82 bp	177.3 bp −$177	366.9 bp −$3,669	832.1 bp −$83.2K	978.0 bp −$489.0K

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	−0.3470%	1h	1.0147	−1.466%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0377%	1h	1.0258	−0.385%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0176%	1h	1.0226	−0.699%	$6K	$19K	7x	as long as short
Kraken Futures PF_SUIUSD	−0.0067%	1h	1.0263	−0.339%	$6.7M	$26.7M	50x	as long as short
dYdX SUI-USDshort	0.0000%	1h	1.0263	−0.338%	$129K	$227K	10x
Kalshi KXSUIPERP	0.0000%	8h	1.0254	−0.429%	$476K	$5.1M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0262	−0.350%	$199K	$572K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0257	−0.394%	$115K	—	150x	as long as short
Bluefin SUI-PERP	+0.0034%	1h	1.0247	−0.495%	$588K	$407K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0259	−0.380%	$774K	$5.4M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SUI	+0.0096%	1h	1.0258	−0.391%	$305K	$2.2M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0263	−0.340%	$45K	$516K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0263	−0.339%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0262	−0.350%	$581K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0260	−0.368%	$886K	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0262	−0.347%	$222K	$254K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0259	−0.375%	$146.2M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0258	−0.384%	$101.1M	$309.1M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0256	−0.408%	$40.1M	$386.1M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0270	−0.272%	$43K	$331K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0253	−0.437%	$167.5M	$82.3M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0258	−0.388%	$153.4M	$295.4M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0259	−0.379%	$50.3M	$54.2M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0255	−0.418%	$67.1M	$174.0M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0255	−0.418%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0252	−0.447%	$636K	$1.3M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0261	−0.362%	$2.4M	$3.4M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0240	−0.562%	$168K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0231	−0.649%	$442K	$7.6M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0241	−0.554%	$224K	$433K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0271	−0.262%	$123K	$724K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0258	−0.388%	$47K	$173K	20x	as long as short
SunX SUI-USDTlong	+0.0100%	8h	1.0298	long leg	$2K	$1.7M	30x
SoDEX SUI-USD	+0.0100%	1h	1.0260	−0.369%	$14K	$2.0M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0244	−0.524%	$586K	$19.6M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0245	−0.515%	$11.8M	$27.2M	50x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0239	−0.573%	$241K	$4K	10x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0254	−0.430%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0265	−0.319%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0152%	1h	1.0264	−0.330%	$9K	$3K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0245	−0.515%	$7.7M	$24.6M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0258	−0.388%	$994K	$15.1M	50x	as long as short
Hyperliquid SUI	+0.0368%	1h	1.0261	−0.359%	$74.1M	$81.1M	10x	as long as short
Phoenix SUI	+0.0408%	1h	1.0237	−0.594%	$215K	$415K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0600% / S −0.0260%	1h	1.0256	−0.403%	$937K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1509%	1h	1.0269	−0.285%	$82K	$404K	10x	as long as short