Funding you earn now, next payment 02:00 UTC−0.0078%/8h= −8.6% APRpaid last 24h −0.001%
Price spread now: Backpack against Bybit−0.086%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$250.250% of the position
Funding, last 7 days+0.063%+$6 on $10k
+Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.086%, 7d avg −0.006%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Backpack is 0.080% cheaper against Bybit than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.006%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.063%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SUIUSDT | 1.0446 | 0.0100 | pay 0.0100% / 8h | 6h 54m | $103.4M | $311.0M | 50x |
| Short | Backpack SUI_USDC_PERP | 1.0437 | 0.0022 | get 0.0003% / 1h | 54m 31s | $677K | $1.1M | 20x |
Bybit SUIUSDT
Backpack SUI_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Bybit. 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
- −$16.42
- Price spread: −0.086% → −0.006%
- −$7.97
- Slippage, 4 orders
- −$3.99
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$49.38
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Backpack: live order book, 4 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 Bybit live order book, 5 min ago | 0.48 bp | 8.1 bp −$8 | 15.2 bp −$152 | 46.3 bp −$4,626 | doesn't fit |
| Sell Backpack live order book, 4 min ago | 0.48 bp | 5.5 bp −$5 | 7.8 bp −$78 | 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 | −0.4499% | 1h | 1.0515 | +0.661% | $43K | $123K | 12x | as long as short |
| ApeX Omni SUIUSDT | −0.1997% | 1h | 1.0506 | +0.574% | $234K | $491K | 50x | as long as short |
| Hibachi SUI/USDT-P | −0.0512% | 1h | 1.0422 | −0.233% | $6K | $19K | 7x | as long as short |
| Reya SUIRUSDPERP | −0.0372% | 1h | 1.0431 | −0.148% | $4K | $3K | 20x | as long as short |
| Bluefin SUI-PERP | −0.0289% | 1h | 1.0410 | −0.345% | $596K | $418K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0432 | −0.130% | $95K | $171K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0445 | −0.006% | $594K | $4.9M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0424 | −0.211% | $202K | $580K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0428 | −0.175% | $114K | — | 150x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0011% | 1h | 1.0430 | −0.156% | $7.0M | $24.9M | 50x | as long as short |
Injective SUI/USDC PERP
ApeX Omni SUIUSDT
Hibachi SUI/USDT-P
Reya SUIRUSDPERP
Bluefin SUI-PERP
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Kraken Futures PF_SUIUSDShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack SUI_USDC_PERPshort | +0.0022% | 1h | 1.0437 | −0.086% | $677K | $1.1M | 20x | |
| 01 Exchange SUIUSD | +0.0048% | 1h | 1.0420 | −0.249% | $9K | $9K | 10x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0443 | −0.032% | $814K | $5.5M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0435 | −0.102% | $279K | $2.1M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0412 | −0.325% | $35K | $482K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0099% | 8h | 1.0421 | −0.239% | $48K | $308K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0488 | +0.404% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0444 | −0.022% | $827K | $1.6M | 10x | as long as short |
| Hyperliquid SUI | +0.0100% | 1h | 1.0439 | −0.067% | $74.9M | $80.5M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0428 | −0.168% | $959K | $4.9M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0439 | −0.067% | $227K | $261K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0422 | −0.229% | $151.7M | $1.04B | 75x | as long as short |
| Bybit SUIUSDTlong | +0.0100% | 8h | 1.0446 | long leg | $103.4M | $311.0M | 50x | |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0443 | −0.029% | $41.0M | $393.8M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0420 | −0.249% | $44K | $370K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0433 | −0.124% | $167.6M | $82.3M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0434 | −0.115% | $153.2M | $292.2M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0434 | −0.115% | $51.0M | $53.6M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0433 | −0.124% | $67.8M | $172.1M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0436 | −0.096% | — | $6.5M | — | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0431 | −0.145% | $2.4M | $3.2M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0490 | +0.418% | $171K | $4.6M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0461 | +0.148% | $456K | $7.5M | 10x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0447 | +0.010% | $120K | $735K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0434 | −0.115% | $2K | $1.8M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0428 | −0.172% | $6K | $2.2M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0429 | −0.163% | $661K | $19.6M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0440 | −0.057% | $11.6M | $25.3M | 50x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0504 | +0.557% | $247K | $3K | 10x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0432 | −0.134% | $1.5M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0428 | −0.176% | $40K | $16K | 3x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0152% | 1h | 1.0422 | −0.230% | $988K | $14.6M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0438 | −0.077% | $8.1M | $25.5M | 100x | as long as short |
| Phoenix SUI | +0.0299% | 1h | 1.0505 | +0.567% | $208K | $595K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0618% / S −0.0265% | 1h | 1.0425 | −0.204% | $953K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0951% | 1h | 1.0536 | +0.865% | $79K | $382K | 10x | as long as short |
01 Exchange SUIUSD
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
OKX SUI-USDT-SWAP
Arcus SUI-USD
Gate SUI_USDT
MEXC SUI_USDT
KuCoin SUIUSDTM
Bitget SUIUSDT
BingX SUI-USDC
Variational Omni SUI
edgeX SUIUSDC
GRVT SUI_USDT_Perp
Polymarket Perps SUI-USD
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Phemex SUIUSDT
Bulk SUI-USD
Extended SUI-USD
Aevo SUI-PERP
Coinbase International SUI-PERP-INTX
BloFin SUI-USDT
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD