Funding you earn now, next payment 01:00 UTC−0.0145%/8h= −15.9% APRnext payment −$0.18 per $10,000 · paid last 24h −0.079%
Price spread now: Backpack against Coinbase International−0.019%7-day average −0.116% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$410.412% of the position
Funding, last 7 days−0.359%−$36 on $10k
+Price spread, last 3 days (all we have)−0.042%−$4 · spread now −0.019%, 7d avg −0.116%
=The price spread pays, funding is against you. Backpack is 0.096% dearer against Coinbase International than usual: you sell high and buy low (spread −0.019% now, against its 7-day average of −0.116%): +$10 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SUI-PERP-INTX | 1.0424 | 0.0152 | pay 0.0019% / 1h | 55m 24s | $989K | $14.6M | 50x |
| Short | Backpack SUI_USDC_PERP | 1.0422 | 0.0007 | get 0.0001% / 1h | 55m 24s | $669K | $1.1M | 20x |
Coinbase International SUI-PERP-INTX
Backpack SUI_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Coinbase International. 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
- −$30.49
- Price spread: −0.019% → −0.116%
- $9.63
- Slippage, 4 orders
- −$21.21
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$62.06
- Costs to cover
- 0.412%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 4 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 Coinbase International live order book, 4 min ago | 4.78 bp | 17.0 bp −$17 | 35.0 bp −$350 | doesn't fit | 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 | +0.873% | $43K | $123K | 12x | as long as short |
| ApeX Omni SUIUSDT | −0.1997% | 1h | 1.0506 | +0.787% | $234K | $491K | 50x | as long as short |
| Hibachi SUI/USDT-P | −0.0512% | 1h | 1.0426 | +0.017% | $6K | $19K | 7x | as long as short |
| Reya SUIRUSDPERP | −0.0372% | 1h | 1.0415 | −0.086% | $4K | $3K | 20x | as long as short |
| Bluefin SUI-PERP | −0.0289% | 1h | 1.0410 | −0.134% | $596K | $418K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0448 | +0.233% | $95K | $171K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0412 | −0.111% | $592K | $4.9M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0434 | +0.096% | $203K | $580K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0428 | +0.035% | $114K | — | 150x | as long as short |
| Backpack SUI_USDC_PERPshort | +0.0007% | 1h | 1.0422 | −0.019% | $669K | $1.1M | 20x |
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/USDShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SUIUSD | +0.0011% | 1h | 1.0426 | +0.018% | $7.0M | $24.6M | 50x | as long as short |
| 01 Exchange SUIUSD | +0.0032% | 1h | 1.0422 | −0.019% | $9K | $9K | 10x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0443 | +0.178% | $815K | $5.5M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0443 | +0.183% | $280K | $2.1M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0429 | +0.048% | $35K | $482K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0099% | 8h | 1.0421 | −0.029% | $48K | $308K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0506 | +0.784% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0418 | −0.058% | $700K | $1.5M | 10x | as long as short |
| Hyperliquid SUI | +0.0100% | 1h | 1.0434 | +0.096% | $74.9M | $80.9M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0439 | +0.144% | $960K | $4.9M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0445 | +0.198% | $227K | $261K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0428 | +0.042% | $151.8M | $1.04B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0424 | +0.003% | $103.1M | $310.7M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0420 | −0.038% | $41.0M | $393.0M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0440 | +0.153% | $44K | $370K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0425 | +0.010% | $167.5M | $82.3M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0418 | −0.058% | $152.2M | $292.0M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0415 | −0.086% | $51.1M | $53.6M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0422 | −0.019% | $67.8M | $171.9M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0427 | +0.029% | — | $6.5M | — | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0431 | +0.066% | $2.4M | $3.2M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0490 | +0.629% | $171K | $4.6M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0461 | +0.359% | $456K | $7.5M | 10x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0431 | +0.067% | $120K | $735K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0428 | +0.038% | $2K | $1.8M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0432 | +0.077% | $6K | $2.2M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0414 | −0.096% | $663K | $19.6M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0434 | +0.096% | $11.6M | $25.3M | 50x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0504 | +0.769% | $247K | $3K | 10x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0441 | +0.159% | $1.5M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0428 | +0.035% | $40K | $16K | 3x | as long as short |
| Coinbase International SUI-PERP-INTXlong | +0.0152% | 1h | 1.0424 | long leg | $989K | $14.6M | 50x | |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0473 | +0.470% | $8.2M | $25.4M | 100x | as long as short |
| Phoenix SUI | +0.0299% | 1h | 1.0505 | +0.779% | $208K | $595K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0618% / S −0.0265% | 1h | 1.0425 | +0.007% | $953K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0951% | 1h | 1.0536 | +1.078% | $79K | $382K | 10x | as long as short |
Kraken Futures PF_SUIUSD
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
Bybit 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
BloFin SUI-USDT
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD