Funding you earn now, next payment 03:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.024%
Price spread now: Backpack against BloFin−0.207%66s7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as 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−$330.325% of the position
Funding, last 7 days−0.178%−$18 on $10k
+Price spread, last 4 days (all we have)+0.096%+$10 · spread now −0.207%, 7d avg −0.040%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Backpack is 0.167% cheaper against BloFin than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.040%). Swap the legs. The two prices were read 66 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 | BloFin SUI-USDT | 1.0618 | 0.0220 | pay 0.0220% / 8h | 5h 15m | $8.0M | $25.5M | 100x |
| Short | Backpack SUI_USDC_PERP | 1.0596 | 0.0100 | get 0.0013% / 1h | 15m 35s | $713K | $1.3M | 20x |
BloFin SUI-USDT
Backpack SUI_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against BloFin. 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
- −$25.2
- Price spread: −0.207% → −0.040%
- −$16.68
- Slippage, 4 orders
- −$10.54
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$74.42
- Costs to cover
- 0.325%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; Backpack: live order book, 3 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 BloFin live order book, 3 min ago | 3.77 bp | 10.2 bp −$10 | 12.7 bp −$127 | 22.7 bp −$2,271 | 48.4 bp −$24.2K |
| Sell Backpack live order book, 3 min ago | 0.47 bp | 6.3 bp −$6 | 17.9 bp −$179 | 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 | −0.3542% | 1h | 1.0527 | −0.857% | $43K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0374% | 1h | 1.0551 | −0.628% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0248% | 1h | 1.0614 | −0.035% | $6K | $19K | 7x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0573 | −0.425% | $133K | $210K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0630 | +0.112% | $526K | $4.9M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0618 | 0.000% | $206K | $575K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0618 | +0.002% | $116K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0571 | −0.447% | $841K | $5.6M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0574 | −0.413% | $287K | $2.1M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0558 | −0.565% | $38K | $509K | 50x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Lighter SUI
Lighter RH SUI
Popdex SUIUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0571 | −0.439% | $28K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0556 | −0.579% | $725K | $1.9M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0572 | −0.435% | $924K | $4.7M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0573 | −0.428% | $232K | $259K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0563 | −0.518% | $154.6M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0561 | −0.537% | $104.1M | $309.2M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0557 | −0.574% | $41.9M | $391.7M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0560 | −0.546% | $45K | $373K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0557 | −0.574% | $248K | $4K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0563 | −0.518% | $168.9M | $83.6M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0567 | −0.480% | $154.9M | $295.1M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0568 | −0.471% | $51.4M | $53.9M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0548 | −0.659% | $68.9M | $169.6M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0562 | −0.527% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERPshort | +0.0100% | 1h | 1.0596 | −0.207% | $713K | $1.3M | 20x | |
| Variational Omni SUI | +0.0100% | 8h | 1.0617 | −0.005% | $2.4M | $3.3M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0624 | +0.057% | $173K | $4.6M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0612 | −0.060% | $463K | $7.5M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0628 | +0.094% | $240K | $484K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0570 | −0.452% | $114K | $749K | 10x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0617 | −0.009% | $49K | $235K | 20x | as long as short |
| Bluefin SUI-PERP | +0.0100% | 1h | 1.0601 | −0.160% | $607K | $404K | 25x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0636 | +0.170% | $2K | $1.8M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0613 | −0.047% | $15K | $2.1M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0597 | −0.198% | $609K | $19.6M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0604 | −0.132% | $11.8M | $26.4M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0556 | −0.587% | $1.5M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0621 | +0.030% | $40K | $11K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0176% | 1h | 1.0563 | −0.518% | $9K | $3K | 10x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0176% | 1h | 1.0623 | +0.047% | $998K | $15.1M | 50x | as long as short |
| BloFin SUI-USDTlong | +0.0220% | 8h | 1.0618 | long leg | $8.0M | $25.5M | 100x | |
| Kraken Futures PF_SUIUSD | +0.0283% | 1h | 1.0612 | −0.061% | $6.9M | $26.9M | 50x | as long as short |
| Phoenix SUI | +0.0362% | 1h | 1.0639 | +0.198% | $216K | $561K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0627% / S −0.0272% | 1h | 1.0617 | −0.009% | $989K | — | 100x | as long as short |
| Hyperliquid SUI | +0.0696% | 1h | 1.0569 | −0.461% | $76.9M | $81.8M | 10x | as long as short |
| Aftermath Perps SUIUSD | +0.1395% | 1h | 1.0621 | +0.027% | $85K | $390K | 10x | as long as short |
Paradex SUI-USD-PERP
Nado SUI-PERP
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
Orderly PERP_SUI_USDC
Bluefin SUI-PERP
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Phemex SUIUSDT
Extended SUI-USD
Aevo SUI-PERP
01 Exchange SUIUSD
Coinbase International SUI-PERP-INTX
Kraken Futures PF_SUIUSD
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Hyperliquid SUI
Aftermath Perps SUIUSD