Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: SunX against Backpack+0.087%49s7-day average +0.117% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as 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−$1251.253% of the position

Long on Backpack Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 3 days (all we have)+0.066%+$7 · spread now +0.087%, 7d avg +0.117%

Together, before fees+0.075%+$8 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: SunX is 0.030% cheaper against Backpack than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.117%. The two prices were read 49 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	1.0347	0.0100	pay 0.0013% / 1h	30m 17s	$685K	$1.2M	20x
Short	SunX SUI-USDT	1.0356	0.0100	get 0.0100% / 8h	6h 30m	$3K	$1.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.087%Rate

Funding earned: $0
Price spread: +0.087% → +0.117%: −$3.04
Slippage, 4 orders: −$107.31
Fee Backpack: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$128.35
Costs to cover: 1.253%
Break-even: never at this rate

Slippage from Backpack: live order book, 4 min ago; SunX: live order book, 5 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	0.48 bp	5.9 bp −$6	13.2 bp −$132	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	30.33 bp	68.6 bp −$69	doesn't fit	doesn't fit	doesn't fit

SUI on 45 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	−0.4499%	1h	1.0211	−1.314%	$42K	$123K	12x	as long as short
Hibachi SUI/USDT-P	−0.0464%	1h	1.0368	+0.206%	$6K	$19K	7x	as long as short
Reya SUIRUSDPERP	−0.0372%	1h	1.0349	+0.020%	$4K	$3K	20x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0355	+0.081%	$94K	$171K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0353	+0.061%	$508K	$5.1M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0360	+0.126%	$201K	$579K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0350	+0.033%	$113K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0012%	1h	1.0368	+0.199%	$6.8M	$27.0M	50x	as long as short
ApeX Omni SUIUSDT	+0.0040%	1h	1.0380	+0.319%	$237K	$507K	50x	as long as short
Bluefin SUI-PERP	+0.0080%	1h	1.0346	−0.010%	$592K	$415K	25x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SUIUSD	+0.0088%	1h	1.0357	+0.097%	$9K	$8K	10x	as long as short
Lighter SUI	+0.0096%	1h	1.0347	+0.004%	$817K	$5.7M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0348	+0.005%	$276K	$2.1M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0355	+0.077%	$30K	$490K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0374	+0.257%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0357	+0.101%	$750K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0353	+0.055%	$912K	$5.0M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0351	+0.043%	$225K	$268K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0353	+0.058%	$151.1M	$1.05B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0362	+0.143%	$103.0M	$312.9M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0359	+0.116%	$40.7M	$391.8M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0360	+0.126%	$44K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0354	+0.068%	$244K	$3K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0353	+0.058%	$163.2M	$84.0M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0350	+0.029%	$149.2M	$298.5M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0355	+0.077%	$51.5M	$53.9M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0361	+0.135%	$67.4M	$172.4M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0359	+0.116%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERPlong	+0.0100%	1h	1.0347	long leg	$685K	$1.2M	20x
Variational Omni SUI	+0.0100%	8h	1.0337	−0.098%	$2.4M	$3.2M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0375	+0.275%	$169K	$4.7M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0348	+0.008%	$450K	$7.5M	10x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0363	+0.155%	$119K	$727K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0358	+0.106%	$47K	$263K	20x	as long as short
SunX SUI-USDTshort	+0.0100%	8h	1.0356	+0.087%	$3K	$1.8M	30x
SoDEX SUI-USD	+0.0100%	1h	1.0364	+0.164%	$6K	$2.2M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0342	−0.048%	$657K	$19.7M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0347	0.000%	$11.5M	$25.6M	50x	as long as short
Hyperliquid SUI	+0.0104%	1h	1.0361	+0.135%	$74.1M	$80.5M	10x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0356	+0.084%	$1.4M	$4.0M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0362	+0.145%	$39K	$16K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0152%	1h	1.0353	+0.058%	$1.0M	$14.6M	50x	as long as short
Phoenix SUI	+0.0221%	1h	1.0359	+0.118%	$205K	$595K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0619% / S −0.0272%	1h	1.0347	+0.003%	$975K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1004%	1h	1.0363	+0.151%	$78K	$380K	10x	as long as short