Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.013%

Price spread now: MEXC against Backpack+0.049%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

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

costs, in and out, $10k−$120.123% of the position

Long on Backpack Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$5 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.049%, 7d avg −0.001%

Together, before fees−0.069%−$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.050% dearer against Backpack than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack SUI_USDC_PERP	1.0236	0.0100	pay 0.0013% / 1h	13m 02s	$653K	$1.1M	20x
Short	MEXC SUI_USDT	1.0241	0.0100	get 0.0100% / 8h	1h 13m	$148.8M	$297.4M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.049%Rate

Funding earned: $0
Price spread: +0.049% → −0.001%: $4.96
Slippage, 4 orders: −$2.35
Fee Backpack: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$7.39
Costs to cover: 0.123%
Break-even: never at this rate

Slippage from Backpack: live order book, 1 min ago; MEXC: live order book, 1 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	5.5 bp −$5	8.1 bp −$81	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.49 bp	0.5 bp $0	3.5 bp −$35	12.9 bp −$1,294	73.9 bp −$36.9K

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	−0.2926%	1h	1.0140	−0.938%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0368%	1h	1.0231	−0.052%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0248%	1h	1.0255	+0.189%	$6K	$19K	7x	as long as short
Bluefin SUI-PERP	−0.0163%	1h	1.0225	−0.107%	$586K	$404K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0242	+0.059%	$93K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0253	+0.166%	$457K	$5.5M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0238	+0.020%	$190K	$575K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0234	−0.021%	$118K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0240	+0.039%	$785K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0243	+0.068%	$258K	$2.0M	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	1.0236	0.000%	$38K	$500K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0099%	8h	1.0235	−0.010%	$45K	$350K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0251	+0.149%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0240	+0.039%	$591K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0240	+0.043%	$1.0M	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0246	+0.094%	$222K	$264K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0241	+0.049%	$150.7M	$1.02B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0243	+0.071%	$102.6M	$307.1M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0238	+0.020%	$41.0M	$382.2M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0240	+0.039%	$45K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0244	+0.080%	$241K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0238	+0.020%	$164.6M	$80.9M	50x	as long as short
MEXC SUI_USDTshort	+0.0100%	8h	1.0241	+0.049%	$148.8M	$297.4M	300x
KuCoin SUIUSDTM	+0.0100%	8h	1.0235	−0.010%	$51.4M	$52.1M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0237	+0.010%	$67.3M	$168.3M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0240	+0.039%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERPlong	+0.0100%	1h	1.0236	long leg	$653K	$1.1M	20x
Variational Omni SUI	+0.0100%	8h	1.0250	+0.139%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0238	+0.015%	$165K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0243	+0.068%	$441K	$7.0M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0241	+0.049%	$232K	$442K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0242	+0.059%	$107K	$793K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0249	+0.127%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0237	+0.010%	$6K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0232	−0.039%	$630K	$18.6M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0242	+0.059%	$11.5M	$24.7M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0237	+0.009%	$1.4M	$3.7M	50x	as long as short
01 Exchange SUIUSD	+0.0104%	1h	1.0240	+0.039%	$9K	$9K	10x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0237	+0.008%	$48K	$37K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0234	−0.020%	$7.9M	$23.8M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0244	+0.078%	$971K	$13.9M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0297%	1h	1.0240	+0.035%	$7.1M	$24.2M	50x	as long as short
Phoenix SUI	+0.0346%	1h	1.0257	+0.201%	$203K	$574K	10x	as long as short
Hyperliquid SUI	+0.0527%	1h	1.0251	+0.147%	$73.2M	$80.5M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0636% / S −0.0309%	1h	1.0233	−0.033%	$894K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0744%	1h	1.0252	+0.159%	$93K	$381K	10x	as long as short