Funding you earn now, next payment 22:00 UTC−0.0031%/8h= −3.4% APRnext payment −$0.04 per $10,000 · paid last 24h −0.004%
Price spread now: Deribit against Backpack−0.049%50s7-day average +0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as 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−$270.273% of the position
Funding, last 7 days−0.008%−$1 on $10k
+Price spread, last 3 days (all we have)+0.209%+$21 · spread now −0.049%, 7d avg +0.046%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Deribit is 0.095% cheaper against Backpack than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.046%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack SUI_USDC_PERP | 1.0187 | 0.0031 | pay 0.0004% / 1h | 58m 14s | $640K | $1.2M | 20x |
| Short | Deribit SUI_USDC-PERPETUAL | 1.0182 | 0 | get 0.0000% / 1h | 58m 14s | $190K | $537K | 25x |
Backpack SUI_USDC_PERP
Deribit SUI_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$6.6
- Price spread: −0.049% → +0.046%
- −$9.48
- Slippage, 4 orders
- −$10.32
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$43.4
- Costs to cover
- 0.273%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 1 min ago; Deribit: live order book, 30 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 | 6.5 bp −$6 | 9.1 bp −$91 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 30 min ago | 3.91 bp | 7.9 bp −$8 | 14.4 bp −$144 | 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 | 1.0132 | −0.540% | $42K | $81K | 12x | as long as short |
| Hibachi SUI/USDT-P | −0.0504% | 1h | 1.0192 | +0.048% | $6K | $19K | 7x | as long as short |
| Reya SUIRUSDPERP | −0.0366% | 1h | 1.0187 | −0.002% | $4K | $3K | 20x | as long as short |
| Bluefin SUI-PERP | −0.0199% | 1h | 1.0167 | −0.196% | $582K | $413K | 25x | as long as short |
| Kraken Futures PF_SUIUSD | −0.0022% | 1h | 1.0182 | −0.047% | $6.8M | $24.0M | 50x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0197 | +0.098% | $93K | $66K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0205 | +0.174% | $455K | $5.6M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUALshort | 0.0000% | 1h | 1.0182 | −0.049% | $190K | $537K | 25x | |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0180 | −0.069% | $118K | — | 150x | as long as short |
| Backpack SUI_USDC_PERPlong | +0.0031% | 1h | 1.0187 | long leg | $640K | $1.2M | 20x |
Injective SUI/USDC PERP
Hibachi SUI/USDT-P
Reya SUIRUSDPERP
Bluefin SUI-PERP
Kraken Futures PF_SUIUSD
dYdX SUI-USD
Kalshi KXSUIPERP
gTrade (Gains Network) SUI/USDShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUIUSD | +0.0048% | 1h | 1.0191 | +0.039% | $9K | $9K | 10x | as long as short |
| Extended SUI-USD | +0.0080% | 1h | 1.0176 | −0.105% | $1.5M | $3.7M | 50x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0178 | −0.087% | $767K | $5.8M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0180 | −0.070% | $245K | $2.0M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0188 | +0.010% | $33K | $504K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0097% | 8h | 1.0179 | −0.079% | $44K | $384K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0190 | +0.034% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0191 | +0.034% | $592K | $1.4M | 10x | as long as short |
| Hyperliquid SUI | +0.0100% | 1h | 1.0198 | +0.108% | $72.8M | $83.7M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0191 | +0.043% | $987K | $4.6M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0194 | +0.066% | $220K | $263K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0173 | −0.137% | $150.8M | $1.04B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0181 | −0.056% | $103.4M | $308.7M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0178 | −0.088% | $40.9M | $385.2M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0200 | +0.128% | $147K | $299K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0223 | +0.352% | $240K | $2K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0187 | 0.000% | $164.2M | $80.7M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0188 | +0.010% | $147.3M | $295.0M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0190 | +0.029% | $52.8M | $50.9M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0174 | −0.128% | $66.9M | $170.9M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0181 | −0.059% | — | $6.5M | — | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0240 | +0.517% | $2.3M | $2.8M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0218 | +0.308% | $164K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0214 | +0.266% | $442K | $7.2M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0223 | +0.353% | $245K | $437K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0195 | +0.079% | $106K | $820K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0198 | +0.108% | $2K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0178 | −0.088% | $7K | $2.4M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0184 | −0.029% | $632K | $19.0M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0180 | −0.069% | $11.4M | $24.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0182 | −0.051% | $48K | $38K | 3x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0216% | 1h | 1.0188 | +0.010% | $980K | $14.1M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0188 | +0.010% | $8.0M | $23.8M | 100x | as long as short |
| Phoenix SUI | +0.0270% | 1h | 1.0244 | +0.562% | $185K | $577K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0629% / S −0.0300% | 1h | 1.0180 | −0.069% | $873K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0777% | 1h | 1.0211 | +0.231% | $93K | $382K | 10x | as long as short |
01 Exchange SUIUSD
Extended SUI-USD
Lighter SUI
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-USDC
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
Aevo SUI-PERP
Coinbase International SUI-PERP-INTX
BloFin SUI-USDT
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD