Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: Aster against Backpack+0.050%7-day average +0.052% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$300.298% of the position

Long on Backpack Short on Aster

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)+0.100%+$10 · spread now +0.050%, 7d avg +0.052%

Together, before fees+0.109%+ Points / potential airdropAster: Stage 5 · farm board+$11 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack SUI_USDC_PERP	1.0379	0.0100	pay 0.0013% / 1h	15m 59s	$665K	$1.1M	20x
Short	Aster SUIUSDT	1.0384	0.0100	get 0.0100% / 8h	15m 59s	$1.0M	$4.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Backpack. 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 BackpackbpFee AsterbpOrdersPrice spread, now +0.050%Rate

Funding earned: $0
Price spread: +0.050% → +0.052%: −$0.22
Slippage, 4 orders: −$11.8
Fee Backpack: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$30.02
Costs to cover: 0.298%
Break-even: never at this rate

Slippage from Backpack: live order book, 3 min ago; Aster: live order book, 3 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 Backpack live order book, 3 min ago	0.48 bp	5.5 bp −$5	8.4 bp −$84	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	1.45 bp	9.5 bp −$9	28.5 bp −$285	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	−0.3474%	1h	1.0240	−1.339%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0370%	1h	1.0375	−0.042%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0344%	1h	1.0382	+0.026%	$6K	$19K	7x	as long as short
Bluefin SUI-PERP	−0.0058%	1h	1.0366	−0.125%	$594K	$406K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0385	+0.053%	$95K	$175K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0410	+0.303%	$465K	$5.3M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0381	+0.019%	$202K	$581K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0378	−0.009%	$119K	—	150x	as long as short
01 Exchange SUIUSD	+0.0088%	1h	1.0384	+0.048%	$9K	$9K	10x	as long as short
Lighter SUI	+0.0096%	1h	1.0380	+0.013%	$796K	$5.9M	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	1.0386	+0.063%	$265K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0380	+0.010%	$40K	$495K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0377	−0.019%	$46K	$328K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0386	+0.071%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0374	−0.046%	$599K	$1.4M	10x	as long as short
Aster SUIUSDTshort	+0.0100%	8h	1.0384	+0.050%	$1.0M	$4.7M	75x
Pacifica SUI	+0.0100%	1h	1.0389	+0.096%	$225K	$260K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0401	+0.208%	$153.7M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0389	+0.096%	$104.3M	$307.7M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0386	+0.067%	$41.6M	$389.3M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0380	+0.010%	$46K	$387K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0379	0.000%	$167.2M	$81.5M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0396	+0.164%	$150.5M	$291.9M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0385	+0.058%	$51.7M	$52.5M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0387	+0.077%	$68.3M	$168.3M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0401	+0.212%	—	$81.8M	—	as long as short
Backpack SUI_USDC_PERPlong	+0.0100%	1h	1.0379	long leg	$665K	$1.1M	20x
Variational Omni SUI	+0.0100%	8h	1.0383	+0.038%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0357	−0.214%	$168K	$4.4M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0361	−0.173%	$452K	$7.1M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0367	−0.116%	$235K	$443K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0386	+0.067%	$109K	$773K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0391	+0.116%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0379	0.000%	$6K	$2.3M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0374	−0.048%	$649K	$18.5M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0385	+0.058%	$11.6M	$24.9M	50x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0359	−0.193%	$244K	$2K	10x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0389	+0.092%	$1.5M	$3.8M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0400	+0.199%	$49K	$37K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0401	+0.212%	$8.0M	$24.3M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0224%	1h	1.0386	+0.067%	$992K	$14.1M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0272%	1h	1.0385	+0.060%	$7.2M	$24.2M	50x	as long as short
Phoenix SUI	+0.0327%	1h	1.0382	+0.030%	$206K	$593K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0641% / S −0.0307%	1h	1.0377	−0.022%	$903K	—	100x	as long as short
Hyperliquid SUI	+0.0659%	1h	1.0396	+0.164%	$75.3M	$81.0M	10x	as long as short
Aftermath Perps SUIUSD	+0.0820%	1h	1.0373	−0.060%	$94K	$382K	10x	as long as short