SUI

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0116%/8h= +12.7% APRnext payment +$0.14 per $10,000 · paid last 24h +0.084%

Price spread now: Coinbase International against Backpack+0.068%7-day average +0.117% · you sell dearer than you buy

Net, funding: paid 7d − costs$0as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$350.346% of the position

Long on Backpack Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.350%+$35 on $10k

Price spread, last 3 days (all we have)+0.141%+$14 · spread now +0.068%, 7d avg +0.117%

Together, before fees+0.491%+$49 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.049% cheaper against Backpack than usual: you would sell low and buy high (spread +0.068% now, against its 7-day average of +0.117%). If the spread goes back, that is −$5 on $10k: about 34 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack SUI_USDC_PERP	1.0229	0.0100	pay 0.0013% / 1h	7m 01s	$644K	$1.2M	20x
Short	Coinbase International SUI-PERP-INTX	1.0236	0.0216	get 0.0027% / 1h	7m 01s	$982K	$14.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.068%Rate

Funding earned: $24.36
Price spread: +0.068% → +0.117%: −$4.88
Slippage, 4 orders: −$14.64
Fee Backpack: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$15.15
Costs to cover: 0.346%
Break-even: 11.4 days

Slippage from Backpack: live order book, 2 min ago; Coinbase International: live order book, 2 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, 2 min ago	0.49 bp	6.0 bp −$6	8.8 bp −$88	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	4.89 bp	11.4 bp −$11	20.3 bp −$203	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	−0.3656%	1h	1.0067	−1.584%	$41K	$42K	12x	as long as short
Hibachi SUI/USDT-P	−0.0512%	1h	1.0202	−0.260%	$6K	$19K	7x	as long as short
Reya SUIRUSDPERP	−0.0365%	1h	1.0233	+0.039%	$4K	$3K	20x	as long as short
Kraken Futures PF_SUIUSD	−0.0154%	1h	1.0238	+0.090%	$6.9M	$24.0M	50x	as long as short
Bluefin SUI-PERP	−0.0069%	1h	1.0223	−0.059%	$586K	$415K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0229	0.000%	$93K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0236	+0.068%	$456K	$5.6M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0238	+0.088%	$195K	$517K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0235	+0.057%	$119K	—	150x	as long as short
01 Exchange SUIUSD	+0.0040%	1h	1.0233	+0.039%	$9K	$9K	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SUI	+0.0096%	1h	1.0228	−0.011%	$771K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0229	+0.002%	$247K	$2.0M	10x	as long as short
Extended SUI-USD	+0.0096%	1h	1.0233	+0.040%	$1.5M	$3.8M	50x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0231	+0.020%	$33K	$505K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0097%	8h	1.0236	+0.068%	$45K	$384K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0234	+0.048%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0232	+0.024%	$598K	$1.4M	10x	as long as short
Hyperliquid SUI	+0.0100%	1h	1.0237	+0.078%	$73.0M	$83.5M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0235	+0.057%	$991K	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0234	+0.045%	$222K	$262K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0222	−0.069%	$151.5M	$1.04B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0224	−0.048%	$103.9M	$308.8M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0220	−0.088%	$41.3M	$386.6M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0230	+0.010%	$147K	$299K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0192	−0.357%	$240K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0229	0.000%	$164.7M	$81.9M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0227	−0.020%	$147.5M	$298.6M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0229	0.000%	$53.1M	$50.9M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0222	−0.068%	$67.2M	$171.3M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0228	−0.010%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERPlong	+0.0100%	1h	1.0229	long leg	$644K	$1.2M	20x
Variational Omni SUI	+0.0100%	8h	1.0184	−0.441%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0187	−0.406%	$164K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0213	−0.156%	$441K	$7.2M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0190	−0.381%	$244K	$437K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0239	+0.098%	$107K	$819K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0242	+0.127%	$3K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0234	+0.049%	$6K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0230	+0.010%	$630K	$19.0M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0229	0.000%	$11.4M	$24.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0236	+0.072%	$48K	$38K	3x	as long as short
Coinbase International SUI-PERP-INTXshort	+0.0216%	1h	1.0236	+0.068%	$982K	$14.2M	50x
BloFin SUI-USDT	+0.0220%	8h	1.0234	+0.049%	$8.1M	$23.9M	100x	as long as short
Phoenix SUI	+0.0270%	1h	1.0207	−0.212%	$184K	$581K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0631% / S −0.0296%	1h	1.0234	+0.046%	$882K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0813%	1h	1.0209	−0.196%	$93K	$387K	10x	as long as short