Funding you earn now, next payment 22:00 UTC−0.0222%/8h= −24.3% APRnext payment −$0.28 per $10,000 · paid last 24h −0.072%
Price spread now: Bluefin against Backpack−0.039%47s7-day average −0.113% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$360.361% of the position
Funding, last 7 days+0.125%+$12 on $10k
+Price spread, last 3 days (all we have)−0.016%−$2 · spread now −0.039%, 7d avg −0.113%
=The price spread pays, funding is against you. Bluefin is 0.073% dearer against Backpack than usual: you sell high and buy low (spread −0.039% now, against its 7-day average of −0.113%): +$7 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 26 hours. Mind the row above: over the last 7 days funding on this pair paid +0.125%, so the current rate has only just turned against you. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.125% in total (about 6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.28 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack SUI_USDC_PERP | 1.0154 | 0.0100 | pay 0.0013% / 1h | 35m 26s | $640K | $1.2M | 20x |
| Short | Bluefin SUI-PERP | 1.0150 | −0.0122 | pay 0.0015% / 1h | 35m 26s | $581K | $409K | 25x |
Backpack SUI_USDC_PERP
Bluefin SUI-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bluefin against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$46.54
- Price spread: −0.039% → −0.113%
- $7.34
- Slippage, 4 orders
- −$19.14
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Net
- −$75.33
- Costs to cover
- 0.361%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 4 min ago; Bluefin: 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 Backpack live order book, 4 min ago | 0.49 bp | 6.1 bp −$6 | 8.6 bp −$86 | doesn't fit | doesn't fit |
| Sell Bluefin live order book, 53 min ago | 2.45 bp | 9.6 bp −$10 | 101.2 bp −$1,012 | 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 | −0.2398% | 1h | 1.0035 | −1.172% | $41K | $81K | 12x | as long as short |
| Hibachi SUI/USDT-P | −0.0496% | 1h | 1.0155 | +0.006% | $6K | $18K | 7x | as long as short |
| Reya SUIRUSDPERP | −0.0366% | 1h | 1.0163 | +0.086% | $4K | $3K | 20x | as long as short |
| Bluefin SUI-PERPshort | −0.0122% | 1h | 1.0150 | −0.039% | $581K | $409K | 25x | |
| Kraken Futures PF_SUIUSD | −0.0022% | 1h | 1.0168 | +0.142% | $6.8M | $23.7M | 50x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0159 | +0.045% | $93K | $66K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0162 | +0.077% | $456K | $5.5M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0164 | +0.098% | $185K | $547K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0002% | 1h | 1.0163 | +0.088% | $118K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0157 | +0.033% | $765K | $5.8M | 10x | as long as short |
Injective SUI/USDC PERP
Hibachi SUI/USDT-P
Reya SUIRUSDPERP
Kraken Futures PF_SUIUSD
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Lighter SUIShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH SUI | +0.0096% | 1h | 1.0164 | +0.099% | $250K | $2.0M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0163 | +0.089% | $35K | $504K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0097% | 8h | 1.0160 | +0.059% | $44K | $379K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0162 | +0.078% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0159 | +0.049% | $592K | $1.3M | 10x | as long as short |
| Hyperliquid SUI | +0.0100% | 1h | 1.0172 | +0.177% | $72.4M | $81.9M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0160 | +0.059% | $982K | $4.5M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0160 | +0.063% | $219K | $262K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0162 | +0.081% | $150.4M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0165 | +0.106% | $102.1M | $307.1M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0162 | +0.079% | $40.8M | $381.2M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0170 | +0.158% | $147K | $297K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0139 | −0.144% | $238K | $2K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0161 | +0.069% | $163.4M | $81.1M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0163 | +0.089% | $148.1M | $297.6M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0164 | +0.098% | $53.1M | $51.3M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0158 | +0.039% | $66.8M | $169.2M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0163 | +0.089% | — | $81.7M | — | as long as short |
| Backpack SUI_USDC_PERPlong | +0.0100% | 1h | 1.0154 | long leg | $640K | $1.2M | 20x | |
| Variational Omni SUI | +0.0100% | 8h | 1.0161 | +0.070% | $2.2M | $2.8M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0131 | −0.229% | $163K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0158 | +0.043% | $446K | $7.1M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0164 | +0.098% | $230K | $444K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0170 | +0.158% | $106K | $796K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0176 | +0.217% | $3K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0163 | +0.089% | $6K | $2.4M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0152 | −0.020% | $626K | $18.8M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0153 | −0.010% | $11.4M | $24.4M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0160 | +0.057% | $1.4M | $3.7M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0163 | +0.085% | $48K | $37K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0128% | 1h | 1.0165 | +0.108% | $9K | $9K | 10x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0216% | 1h | 1.0164 | +0.098% | $973K | $13.7M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0162 | +0.079% | $8.0M | $23.7M | 100x | as long as short |
| Phoenix SUI | +0.0290% | 1h | 1.0170 | +0.162% | $184K | $578K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0630% / S −0.0300% | 1h | 1.0162 | +0.075% | $871K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0722% | 1h | 1.0154 | +0.001% | $92K | $378K | 10x | as long as short |
Lighter RH SUI
Popdex SUIUSDT
Orderly PERP_SUI_USDC
Paradex SUI-USD-PERP
Nado SUI-PERP
Hyperliquid SUI
Aster SUIUSDT
Pacifica SUI
Binance SUIUSDT
Bybit SUIUSDT
OKX SUI-USDT-SWAP
Arcus SUI-USD
Bulk SUI-USD
Gate SUI_USDT
MEXC SUI_USDT
KuCoin SUIUSDTM
Bitget SUIUSDT
BingX SUI-USDT
Variational Omni SUI
edgeX SUIUSDC
GRVT SUI_USDT_Perp
ApeX Omni SUIUSDT
Polymarket Perps SUI-USD
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Phemex SUIUSDT
Extended SUI-USD
Aevo SUI-PERP
01 Exchange SUIUSD
Coinbase International SUI-PERP-INTX
BloFin SUI-USDT
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD