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 −0.001%

Price spread now: Backpack against Aster−0.046%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$280.278% of the position

Long on Aster Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 4 days (all we have)−0.096%−$10 · spread now −0.046%, 7d avg −0.055%

Together, before fees−0.105%+ Points / potential airdropAster: Stage 5 · farm board−$10 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SUIUSDT	1.0299	0.0100	pay 0.0100% / 8h	1h 39m	$1.0M	$4.5M	75x
Short	Backpack SUI_USDC_PERP	1.0294	0.0100	get 0.0013% / 1h	39m 09s	$654K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Aster. 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 AsterbpFee BackpackbpOrdersPrice spread, now −0.046%Rate

Funding earned: $0
Price spread: −0.046% → −0.055%: $0.89
Slippage, 4 orders: −$9.79
Fee Aster: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$26.9
Costs to cover: 0.278%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; Backpack: 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 Aster live order book, 5 min ago	1.46 bp	8.4 bp −$8	34.3 bp −$343	doesn't fit	doesn't fit
Sell Backpack live order book, 5 min ago	0.49 bp	6.3 bp −$6	8.9 bp −$89	doesn't fit	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	1.0133	−1.609%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0368%	1h	1.0298	−0.002%	$4K	$3K	20x	as long as short
Bluefin SUI-PERP	−0.0166%	1h	1.0286	−0.123%	$589K	$407K	25x	as long as short
Hibachi SUI/USDT-P	−0.0104%	1h	1.0300	+0.014%	$6K	$18K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0308	+0.086%	$94K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0315	+0.156%	$460K	$5.5M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0299	+0.003%	$191K	$569K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0298	−0.002%	$119K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0299	+0.004%	$795K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0301	+0.022%	$254K	$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	1.0297	−0.017%	$37K	$503K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0098%	8h	1.0296	−0.026%	$45K	$375K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0304	+0.047%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0305	+0.061%	$599K	$1.3M	10x	as long as short
Aster SUIUSDTlong	+0.0100%	8h	1.0299	long leg	$1.0M	$4.5M	75x
Pacifica SUI	+0.0100%	1h	1.0304	+0.056%	$224K	$262K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0304	+0.055%	$152.2M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0306	+0.071%	$103.4M	$306.8M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0309	+0.100%	$41.1M	$385.2M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0310	+0.110%	$149K	$284K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0303	+0.039%	$242K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0295	−0.036%	$165.9M	$80.6M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0296	−0.026%	$148.8M	$295.2M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0294	−0.046%	$51.8M	$52.2M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0290	−0.084%	$67.8M	$168.7M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0297	−0.017%	—	$81.8M	—	as long as short
Backpack SUI_USDC_PERPshort	+0.0100%	1h	1.0294	−0.046%	$654K	$1.1M	20x
Variational Omni SUI	+0.0100%	8h	1.0302	+0.035%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0300	+0.009%	$166K	$4.4M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0302	+0.035%	$445K	$7.0M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0304	+0.051%	$234K	$441K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0306	+0.071%	$106K	$787K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0314	+0.149%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0297	−0.017%	$6K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0293	−0.055%	$628K	$18.7M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0297	−0.017%	$11.5M	$24.6M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0296	−0.028%	$1.4M	$3.8M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0303	+0.045%	$49K	$37K	3x	as long as short
01 Exchange SUIUSD	+0.0112%	1h	1.0300	+0.013%	$9K	$9K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0293	−0.055%	$8.0M	$23.9M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0316	+0.168%	$978K	$13.9M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0295%	1h	1.0300	+0.011%	$7.2M	$24.2M	50x	as long as short
Phoenix SUI	+0.0346%	1h	1.0317	+0.175%	$204K	$574K	10x	as long as short
Hyperliquid SUI	+0.0476%	1h	1.0309	+0.100%	$73.4M	$80.9M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0638% / S −0.0309%	1h	1.0298	−0.010%	$899K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0693%	1h	1.0298	−0.011%	$94K	$381K	10x	as long as short