SUI

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0135%/8h= +14.8% APRnext payment +$0.17 per $10,000 · paid last 24h +0.076%

Price spread now: Backpack against Bluefin+0.029%7-day average +0.114% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$410.415% of the position

Long on Bluefin Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.110%−$11 on $10k

Price spread, last 4 days (all we have)−0.004%$0 · spread now +0.029%, 7d avg +0.114%

Together, before fees−0.114%−$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Backpack is 0.085% cheaper against Bluefin than usual: you would sell low and buy high (spread +0.029% now, against its 7-day average of +0.114%). If the spread goes back, that is −$8 on $10k: about 2.1 days of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.110%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin SUI-PERP	1.0424	−0.0035	get 0.0004% / 1h	41m 58s	$597K	$409K	25x
Short	Backpack SUI_USDC_PERP	1.0427	0.0100	get 0.0013% / 1h	41m 58s	$703K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Bluefin. 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 BluefinbpFee BackpackbpOrdersPrice spread, now +0.029%Rate

Funding earned: $28.39
Price spread: +0.029% → +0.114%: −$8.48
Slippage, 4 orders: −$24.48
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$21.57
Costs to cover: 0.415%
Break-even: 12.3 days

Slippage from Bluefin: live order book, 22 min ago; Backpack: 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 Bluefin live order book, 22 min ago	2.40 bp	15.5 bp −$15	67.8 bp −$678	doesn't fit	doesn't fit
Sell Backpack live order book, 2 min ago	0.48 bp	6.8 bp −$7	22.4 bp −$224	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	1.0291	−1.276%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0373%	1h	1.0443	+0.181%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0232%	1h	1.0408	−0.156%	$6K	$19K	7x	as long as short
Bluefin SUI-PERPlong	−0.0035%	1h	1.0424	long leg	$597K	$409K	25x
dYdX SUI-USD	0.0000%	1h	1.0442	+0.173%	$95K	$168K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0444	+0.194%	$515K	$4.8M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0440	+0.153%	$203K	$576K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0436	+0.118%	$114K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0443	+0.182%	$826K	$5.6M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0440	+0.153%	$280K	$2.1M	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	1.0445	+0.201%	$33K	$501K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0443	+0.181%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0438	+0.137%	$716K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0436	+0.118%	$919K	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0446	+0.211%	$228K	$265K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0401	−0.222%	$152.6M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0398	−0.248%	$103.2M	$308.6M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0395	−0.278%	$41.2M	$385.0M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0440	+0.153%	$45K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0403	−0.199%	$245K	$4K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0402	−0.211%	$165.1M	$82.6M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0403	−0.201%	$151.0M	$291.8M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0415	−0.086%	$51.2M	$53.8M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0401	−0.221%	$67.9M	$168.5M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0396	−0.269%	—	$82.0M	—	as long as short
Backpack SUI_USDC_PERPshort	+0.0100%	1h	1.0427	+0.029%	$703K	$1.3M	20x
Variational Omni SUI	+0.0100%	8h	1.0407	−0.166%	$2.4M	$3.2M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0395	−0.282%	$169K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0380	−0.424%	$455K	$7.4M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0406	−0.173%	$236K	$470K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0458	+0.326%	$123K	$723K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0432	+0.077%	$48K	$238K	20x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0458	+0.326%	$3K	$1.8M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0442	+0.173%	$7K	$2.1M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0439	+0.144%	$596K	$19.8M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0439	+0.144%	$11.6M	$26.1M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0403	−0.199%	$1.5M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0461	+0.358%	$40K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0136%	1h	1.0446	+0.211%	$9K	$3K	10x	as long as short
Coinbase International SUI-PERP-INTX	+0.0176%	1h	1.0458	+0.326%	$1.0M	$14.8M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0454	+0.288%	$8.0M	$25.1M	100x	as long as short
Kraken Futures PF_SUIUSD	+0.0288%	1h	1.0443	+0.183%	$6.8M	$26.9M	50x	as long as short
Phoenix SUI	+0.0362%	1h	1.0390	−0.329%	$211K	$561K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0620% / S −0.0272%	1h	1.0435	+0.104%	$973K	—	100x	as long as short
Hyperliquid SUI	+0.0670%	1h	1.0445	+0.201%	$75.8M	$80.4M	10x	as long as short
Aftermath Perps SUIUSD	+0.1248%	1h	1.0431	+0.063%	$83K	$383K	10x	as long as short