Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.107%
Price spread now: Backpack against Hyperliquid−0.020%7-day average −0.124% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$250.254% of the position
Funding, last 7 days−0.154%−$15 on $10k
+Price spread, last 4 days (all we have)−0.236%−$24 · spread now −0.020%, 7d avg −0.124%
=Together, before fees−0.390%+ Points / potential airdropHyperliquid: Season 2 · farm board−$39 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 0.104% dearer against Hyperliquid than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.124%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SUI | 1.0195 | 0.0100 | pay 0.0013% / 1h | 19m 41s | $72.5M | $81.9M | 10x |
| Short | Backpack SUI_USDC_PERP | 1.0193 | 0.0100 | get 0.0013% / 1h | 19m 41s | $642K | $1.2M | 20x |
Hyperliquid SUI
Backpack SUI_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Hyperliquid. 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: −0.020% → −0.124%
- $10.45
- Slippage, 4 orders
- −$6.38
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$14.93
- Costs to cover
- 0.254%
- Break-even
- never at this rate
Slippage from Hyperliquid: 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 Hyperliquid live order book, 4 min ago | 0.49 bp | 7.3 bp −$7 | 13.0 bp −$130 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 4 min ago | 0.49 bp | 6.1 bp −$6 | 8.6 bp −$86 | 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 | −0.2398% | 1h | 1.0068 | −1.246% | $41K | $123K | 12x | as long as short |
| Hibachi SUI/USDT-P | −0.0520% | 1h | 1.0190 | −0.050% | $6K | $18K | 7x | as long as short |
| Reya SUIRUSDPERP | −0.0367% | 1h | 1.0191 | −0.043% | $4K | $3K | 20x | as long as short |
| Bluefin SUI-PERP | −0.0111% | 1h | 1.0179 | −0.157% | $583K | $405K | 25x | as long as short |
| Kraken Futures PF_SUIUSD | −0.0022% | 1h | 1.0197 | +0.020% | $6.8M | $23.8M | 50x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0187 | −0.082% | $93K | $66K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0196 | +0.015% | $456K | $5.5M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0195 | 0.000% | $186K | $546K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0002% | 1h | 1.0192 | −0.031% | $118K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0188 | −0.068% | $769K | $5.9M | 10x | as long as short |
Injective SUI/USDC PERP
Hibachi SUI/USDT-P
Reya SUIRUSDPERP
Bluefin SUI-PERP
Kraken Futures PF_SUIUSD
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Lighter SUIShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH SUI | +0.0096% | 1h | 1.0193 | −0.015% | $252K | $2.0M | 10x | as long as short |
| 01 Exchange SUIUSD | +0.0096% | 1h | 1.0186 | −0.088% | $9K | $9K | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0186 | −0.088% | $36K | $503K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0098% | 8h | 1.0189 | −0.059% | $44K | $377K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0190 | −0.054% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0188 | −0.064% | $593K | $1.3M | 10x | as long as short |
| Hyperliquid SUIlong | +0.0100% | 1h | 1.0195 | long leg | $72.5M | $81.9M | 10x | |
| Aster SUIUSDT | +0.0100% | 8h | 1.0196 | +0.012% | $994K | $4.5M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0188 | −0.069% | $220K | $261K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0189 | −0.063% | $151.0M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0187 | −0.079% | $102.0M | $307.0M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0183 | −0.118% | $40.8M | $382.0M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0200 | +0.049% | $147K | $297K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0193 | −0.020% | $240K | $2K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0192 | −0.029% | $164.1M | $81.2M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0185 | −0.098% | $147.6M | $298.5M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0187 | −0.078% | $52.4M | $51.3M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0183 | −0.118% | $66.9M | $169.0M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0194 | −0.010% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERPshort | +0.0100% | 1h | 1.0193 | −0.020% | $642K | $1.2M | 20x | |
| Variational Omni SUI | +0.0100% | 8h | 1.0198 | +0.029% | $2.2M | $2.8M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0171 | −0.239% | $164K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0167 | −0.275% | $439K | $7.1M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0174 | −0.206% | $230K | $444K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0196 | +0.010% | $106K | $785K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0206 | +0.108% | $2K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0193 | −0.020% | $6K | $2.4M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0189 | −0.059% | $620K | $18.8M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0192 | −0.029% | $11.4M | $24.4M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0196 | +0.011% | $1.4M | $3.7M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0195 | +0.002% | $48K | $37K | 3x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0216% | 1h | 1.0199 | +0.039% | $975K | $13.7M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0189 | −0.059% | $7.9M | $23.7M | 100x | as long as short |
| Phoenix SUI | +0.0290% | 1h | 1.0183 | −0.114% | $184K | $578K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0630% / S −0.0300% | 1h | 1.0191 | −0.038% | $873K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0700% | 1h | 1.0178 | −0.165% | $92K | $378K | 10x | as long as short |
Lighter RH SUI
01 Exchange SUIUSD
Popdex SUIUSDT
Orderly PERP_SUI_USDC
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-USDC
Variational Omni SUI
edgeX SUIUSDC
GRVT SUI_USDT_Perp
ApeX Omni SUIUSDT
Polymarket Perps SUI-USD
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Phemex SUIUSDT
Extended SUI-USD
Aevo SUI-PERP
Coinbase International SUI-PERP-INTX
BloFin SUI-USDT
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD