Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.019%
Price spread now: Backpack against GRVT−0.318%85s7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as 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−$320.318% of the position
Funding, last 7 days+0.022%+$2 on $10k
+Price spread, last 4 days (all we have)+0.239%+$24 · spread now −0.318%, 7d avg +0.010%
=Together, before fees+0.261%+ Points / potential airdropGRVT: Active · farm board+$26 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.328% cheaper against GRVT than usual: you would sell low and buy high, −$33 on $10k if it goes back to its 7-day average of +0.010%. The two prices were read 85 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 | GRVT SUI_USDT_Perp | 1.0389 | 0.0100 | pay 0.0100% / 8h | 6h 09m | $452K | $7.4M | 10x |
| Short | Backpack SUI_USDC_PERP | 1.0356 | 0.0100 | get 0.0013% / 1h | 9m 38s | $685K | $1.2M | 20x |
GRVT SUI_USDT_Perp
Backpack SUI_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against GRVT. 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
- $0
- Price spread: −0.318% → +0.010%
- −$32.79
- Slippage, 4 orders
- −$12.83
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$64.62
- Costs to cover
- 0.318%
- Break-even
- never at this rate
Slippage from GRVT: 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 GRVT live order book, 4 min ago | 0.48 bp | 7.1 bp −$7 | 15.7 bp −$157 | 2927.5 bp −$292.7K | doesn't fit |
| Sell Backpack live order book, 4 min ago | 0.48 bp | 5.5 bp −$5 | 13.3 bp −$133 | doesn't fit | doesn't fit |
SUI on 45 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 | 1.0250 | −1.338% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0373% | 1h | 1.0380 | −0.088% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0336% | 1h | 1.0386 | −0.028% | $6K | $19K | 7x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0346 | −0.415% | $94K | $171K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0384 | −0.052% | $507K | $5.0M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0365 | −0.231% | $201K | $578K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0365 | −0.236% | $113K | — | 150x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0012% | 1h | 1.0368 | −0.201% | $6.8M | $27.0M | 50x | as long as short |
| Bluefin SUI-PERP | +0.0067% | 1h | 1.0356 | −0.318% | $593K | $414K | 25x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0349 | −0.384% | $814K | $5.7M | 10x | 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
Kraken Futures PF_SUIUSD
Bluefin SUI-PERP
Lighter SUIShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH SUI | +0.0096% | 1h | 1.0355 | −0.326% | $276K | $2.1M | 10x | as long as short |
| 01 Exchange SUIUSD | +0.0096% | 1h | 1.0343 | −0.443% | $9K | $3K | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0344 | −0.433% | $30K | $494K | 50x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0353 | −0.346% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0392 | +0.024% | $748K | $1.9M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0356 | −0.315% | $909K | $4.9M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0350 | −0.375% | $226K | $268K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0345 | −0.425% | $151.1M | $1.05B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0345 | −0.428% | $102.6M | $311.8M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0343 | −0.443% | $40.8M | $388.9M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0350 | −0.375% | $44K | $373K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0361 | −0.274% | $244K | $4K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0343 | −0.443% | $163.9M | $84.5M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0342 | −0.452% | $150.8M | $301.1M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0350 | −0.375% | $51.7M | $53.7M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0341 | −0.462% | $67.2M | $171.1M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0345 | −0.424% | — | $82.4M | — | as long as short |
| Backpack SUI_USDC_PERPshort | +0.0100% | 1h | 1.0356 | −0.318% | $685K | $1.2M | 20x | |
| Variational Omni SUI | +0.0100% | 8h | 1.0406 | +0.161% | $2.4M | $3.2M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0387 | −0.023% | $169K | $4.7M | 20x | as long as short |
| GRVT SUI_USDT_Perplong | +0.0100% | 8h | 1.0389 | long leg | $452K | $7.4M | 10x | |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0384 | −0.048% | $237K | $484K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0397 | +0.077% | $120K | $718K | 10x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0367 | −0.212% | $47K | $247K | 20x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0393 | +0.039% | $2K | $1.8M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0366 | −0.221% | $6K | $2.2M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0367 | −0.212% | $645K | $19.7M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0372 | −0.164% | $11.6M | $25.9M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0341 | −0.462% | $1.5M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0370 | −0.183% | $39K | $16K | 3x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0152% | 1h | 1.0397 | +0.077% | $997K | $14.6M | 50x | as long as short |
| Phoenix SUI | +0.0221% | 1h | 1.0381 | −0.072% | $206K | $595K | 10x | as long as short |
| Hyperliquid SUI | +0.0226% | 1h | 1.0362 | −0.260% | $74.4M | $79.9M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0627% / S −0.0278% | 1h | 1.0369 | −0.193% | $980K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1064% | 1h | 1.0388 | −0.008% | $80K | $381K | 10x | as long as short |
Lighter RH SUI
01 Exchange SUIUSD
Popdex SUIUSDT
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-USDT
Variational Omni SUI
edgeX SUIUSDC
ApeX Omni SUIUSDT
Polymarket Perps SUI-USD
Orderly PERP_SUI_USDC
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Phemex SUIUSDT
Extended SUI-USD
Aevo SUI-PERP
Coinbase International SUI-PERP-INTX
Phoenix SUI
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD