Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Bulk against Backpack+0.074%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$210.213% of the position

Long on Backpack Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.066%−$7 · spread now +0.074%, 7d avg +0.073%

Together, before fees−0.066%−$7 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	1.0176	0.0100	pay 0.0013% / 1h	8m 17s	$669K	$1.4M	20x
Short	Bulk SUI-USD	1.0183	0.0100	get 0.0013% / 1h	8m 17s	$239K	$454	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.074%Rate

Funding earned: $0
Price spread: +0.074% → +0.073%: $0.03
Slippage, 4 orders: −$4.26
Fee Backpack: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$21.23
Costs to cover: 0.213%
Break-even: never at this rate

Slippage from Backpack: live order book, 1 min ago; Bulk: live order book, 36 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, 1 min ago	0.49 bp	6.4 bp −$6	16.9 bp −$169	doesn't fit	doesn't fit
Sell Bulk live order book, 36 min ago	0.49 bp	4.0 bp −$4	6.3 bp −$63	16.8 bp −$1,679	32.4 bp −$16.2K

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	−0.3536%	1h	1.0106	−0.688%	$42K	$113K	12x	as long as short
Reya SUIRUSDPERP	−0.0380%	1h	1.0167	−0.089%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0248%	1h	1.0178	+0.017%	$5K	$20K	7x	as long as short
Bluefin SUI-PERP	−0.0094%	1h	1.0160	−0.157%	$583K	$421K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0170	−0.058%	$95K	$257K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0182	+0.060%	$376K	$4.4M	2.5x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0172	−0.037%	$115K	—	150x	as long as short
Deribit SUI_USDC-PERPETUAL	+0.0045%	1h	1.0176	0.000%	$196K	$558K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0174	−0.021%	$769K	$5.4M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0174	−0.023%	$297K	$2.2M	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	1.0169	−0.069%	$39K	$522K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0174	−0.020%	$47K	$224K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0166	−0.101%	$27K	$8K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0166	−0.093%	$690K	$2.2M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0171	−0.045%	$897K	$4.2M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0170	−0.055%	$216K	$257K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0171	−0.045%	$146.4M	$1.00B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0170	−0.056%	$98.5M	$312.8M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0173	−0.029%	$41.0M	$372.4M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0170	−0.059%	$43K	$330K	10x	as long as short
Bulk SUI-USDshort	+0.0100%	1h	1.0183	+0.074%	$239K	$454	10x
Gate SUI_USDT	+0.0100%	8h	1.0169	−0.069%	$168.1M	$84.0M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0169	−0.069%	$153.4M	$293.0M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0169	−0.069%	$50.1M	$52.5M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0169	−0.069%	$67.1M	$170.8M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0171	−0.049%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERPlong	+0.0100%	1h	1.0176	long leg	$669K	$1.4M	20x
Variational Omni SUI	+0.0100%	8h	1.0177	+0.006%	$2.4M	$3.5M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0183	+0.068%	$164K	$4.4M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0177	+0.009%	$438K	$7.1M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0183	+0.069%	$223K	$377K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0176	0.000%	$126K	$589K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0184	+0.079%	$2K	$1.6M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0173	−0.029%	$5K	$1.8M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0166	−0.098%	$638K	$18.4M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0175	−0.010%	$11.7M	$28.2M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0169	−0.067%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0173	−0.027%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0192%	1h	1.0171	−0.049%	$9K	$2K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0177	+0.010%	$7.6M	$24.5M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0280%	1h	1.0178	+0.020%	$1.0M	$14.5M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0365%	1h	1.0175	−0.012%	$6.8M	$22.0M	50x	as long as short
Hyperliquid SUI	+0.0399%	1h	1.0176	0.000%	$73.3M	$80.3M	10x	as long as short
Phoenix SUI	+0.0431%	1h	1.0192	+0.157%	$202K	$413K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0601% / S −0.0263%	1h	1.0171	−0.046%	$934K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1352%	1h	1.0182	+0.061%	$82K	$409K	10x	as long as short