Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.016%

Price spread now: Phemex against 01 Exchange+0.029%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on Phemex

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—needs both histories

The price spread pays, funding is against you. Phemex is 0.029% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.029% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange SUIUSD	1.0255	0.0120	pay 0.0015% / 1h	49m 21s	$9K	$9K	10x
Short	Phemex SUIUSDT	1.0258	0.0100	get 0.0100% / 8h	1h 49m	$11.5M	$24.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against 01 Exchange. 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 01 ExchangebpFee PhemexbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$4.2
Price spread: +0.029% → 0.000%: $2.93
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$20.27
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Phemex: live order book, 5 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Phemex live order book, 5 min ago	1.46 bp	9.3 bp −$9	17.7 bp −$177	doesn't fit	doesn't fit

01 Exchange: 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	−0.2926%	1h	1.0068	−1.824%	$41K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0367%	1h	1.0255	−0.001%	$4K	$3K	20x	as long as short
Bluefin SUI-PERP	−0.0079%	1h	1.0249	−0.059%	$587K	$404K	25x	as long as short
Hibachi SUI/USDT-P	−0.0056%	1h	1.0237	−0.171%	$6K	$18K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0250	−0.049%	$93K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0278	+0.222%	$458K	$5.5M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0265	+0.098%	$188K	$547K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0260	+0.046%	$119K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0271	+0.156%	$792K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0272	+0.162%	$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	−0.039%	$37K	$503K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0098%	8h	1.0262	+0.068%	$45K	$375K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0249	−0.054%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0256	+0.010%	$596K	$1.3M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0262	+0.065%	$1.0M	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0250	−0.054%	$223K	$262K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0268	+0.129%	$151.8M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0269	+0.139%	$102.8M	$306.9M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0260	+0.049%	$40.9M	$383.9M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0250	−0.049%	$148K	$287K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0236	−0.189%	$241K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0256	+0.010%	$165.4M	$80.5M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0256	+0.010%	$149.8M	$293.6M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0251	−0.039%	$51.5M	$52.1M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0256	+0.010%	$67.5M	$168.8M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0260	+0.049%	—	$81.9M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0243	−0.117%	$651K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0232	−0.228%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0234	−0.205%	$165K	$4.4M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0234	−0.202%	$440K	$7.0M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0255	0.000%	$232K	$445K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0260	+0.049%	$107K	$786K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0268	+0.127%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0263	+0.078%	$6K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0246	−0.088%	$622K	$18.7M	75x	as long as short
Phemex SUIUSDTshort	+0.0100%	8h	1.0258	+0.029%	$11.5M	$24.6M	50x
Extended SUI-USD	+0.0104%	1h	1.0260	+0.048%	$1.4M	$3.8M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0263	+0.075%	$48K	$37K	3x	as long as short
01 Exchange SUIUSDlong	+0.0120%	1h	1.0255	long leg	$9K	$9K	10x
BloFin SUI-USDT	+0.0220%	8h	1.0266	+0.107%	$8.0M	$23.9M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0239	−0.156%	$979K	$13.8M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0296%	1h	1.0268	+0.130%	$7.2M	$24.1M	50x	as long as short
Phoenix SUI	+0.0346%	1h	1.0261	+0.059%	$185K	$574K	10x	as long as short
Hyperliquid SUI	+0.0372%	1h	1.0266	+0.107%	$73.0M	$81.4M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0637% / S −0.0309%	1h	1.0258	+0.034%	$895K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0680%	1h	1.0243	−0.119%	$94K	$384K	10x	as long as short