Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: Backpack against Gate−0.019%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$410.412% of the position

Long on Gate Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.080%+$8 on $10k

Price spread, last 7 days−0.025%−$2 · spread now −0.019%, 7d avg −0.023%

Together, before fees+0.055%+$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SUI_USDT	1.0661	0.0100	pay 0.0100% / 8h	5h 21m	$171.2M	$83.4M	50x
Short	Backpack SUI_USDC_PERP	1.0659	0.0100	get 0.0013% / 1h	21m 11s	$720K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Gate. 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 GatebpFee BackpackbpOrdersPrice spread, now −0.019%Rate

Funding earned: $0
Price spread: −0.019% → −0.023%: $0.41
Slippage, 4 orders: −$16.15
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$40.75
Costs to cover: 0.412%
Break-even: never at this rate

Slippage from Gate: 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 Gate live order book, 3 min ago	0.94 bp	13.0 bp −$13	22.8 bp −$228	39.3 bp −$3,931	71.5 bp −$35.7K
Sell Backpack live order book, 3 min ago	0.47 bp	6.4 bp −$6	12.4 bp −$124	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	1.0488	−1.623%	$43K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0374%	1h	1.0648	−0.124%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0232%	1h	1.0616	−0.424%	$6K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0635	−0.245%	$115K	$187K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0649	−0.109%	$540K	$4.9M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0653	−0.075%	$207K	$575K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0651	−0.094%	$116K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0656	−0.044%	$849K	$5.6M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0660	−0.010%	$289K	$2.1M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0649	−0.113%	$38K	$504K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex SUI-USD-PERP	+0.0100%	8h	1.0640	−0.199%	$28K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0645	−0.150%	$730K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0644	−0.162%	$945K	$4.7M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0631	−0.279%	$232K	$259K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0659	−0.019%	$156.1M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0660	−0.010%	$105.1M	$308.5M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0661	0.000%	$42.2M	$394.6M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0640	−0.197%	$45K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0557	−0.976%	$248K	$4K	10x	as long as short
Gate SUI_USDTlong	+0.0100%	8h	1.0661	long leg	$171.2M	$83.4M	50x
MEXC SUI_USDT	+0.0100%	8h	1.0661	0.000%	$154.6M	$294.4M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0661	0.000%	$52.4M	$53.6M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0658	−0.028%	$69.4M	$169.3M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0660	−0.009%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERPshort	+0.0100%	1h	1.0659	−0.019%	$720K	$1.3M	20x
Variational Omni SUI	+0.0100%	8h	1.0526	−1.263%	$2.4M	$3.2M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0546	−1.076%	$172K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0608	−0.496%	$460K	$7.5M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0609	−0.488%	$240K	$484K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0660	−0.009%	$115K	$748K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0650	−0.103%	$49K	$236K	20x	as long as short
Bluefin SUI-PERP	+0.0100%	1h	1.0636	−0.234%	$609K	$405K	25x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0663	+0.019%	$3K	$1.8M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0653	−0.075%	$15K	$2.1M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0657	−0.038%	$608K	$19.5M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0652	−0.084%	$11.9M	$26.1M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0649	−0.115%	$1.5M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0658	−0.028%	$40K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0160%	1h	1.0650	−0.103%	$9K	$3K	10x	as long as short
Coinbase International SUI-PERP-INTX	+0.0176%	1h	1.0656	−0.047%	$1.0M	$15.1M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0649	−0.113%	$8.1M	$25.6M	100x	as long as short
Kraken Futures PF_SUIUSD	+0.0282%	1h	1.0657	−0.038%	$7.0M	$26.9M	50x	as long as short
Phoenix SUI	+0.0362%	1h	1.0566	−0.894%	$214K	$561K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0628% / S −0.0272%	1h	1.0648	−0.120%	$992K	—	100x	as long as short
Hyperliquid SUI	+0.0711%	1h	1.0673	+0.113%	$78.0M	$81.3M	10x	as long as short
Aftermath Perps SUIUSD	+0.1371%	1h	1.0585	−0.712%	$84K	$389K	10x	as long as short