Funding you earn now, next payment 02:00 UTC+0.4520%/8h= +495.0% APRnext payment +$5.65 per $10,000 · paid last 24h +0.710%
Price spread now: Backpack against Injective−0.742%7-day average +0.247% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+2.090%+$209 on $10k
+Price spread, last 3 days (all we have)+0.932%+$93 · spread now −0.742%, 7d avg +0.247%
=Funding pays, the price is against you. Backpack is 0.989% cheaper against Injective than usual: you would sell low and buy high (spread −0.742% now, against its 7-day average of +0.247%). If the spread goes back, that is −$99 on $10k: about 18 hours of funding at the current rate (+$136 a day). At the pace of the last 4 days (+2.090% in total) that is about 45 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective SUI/USDC PERP | 1.0515 | −0.4499 | get 0.0562% / 1h | 55m 06s | $43K | $123K | 12x |
| Short | Backpack SUI_USDC_PERP | 1.0437 | 0.0022 | get 0.0003% / 1h | 55m 06s | $677K | $1.1M | 20x |
Injective SUI/USDC PERP
Backpack SUI_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Injective. 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
- $949.28
- Price spread: −0.742% → +0.247%
- −$98.91
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $840.35
- Costs to cover
- 0.100%
- Break-even
- 0.8 days
Slippage unknown: Injective: live order book, 14 min ago; Backpack: live order book, 4 min ago. Net counts fees only.
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 Injective live order book, 14 min ago | 103.28 bp | 2012558.1 bp −$2.01M | 20176266.0 bp −$201.76M | 201460832.0 bp −$20146.08M | 1006281152.0 bp −$503140.58M |
| 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 PERPlong | −0.4499% | 1h | 1.0515 | long leg | $43K | $123K | 12x | |
| ApeX Omni SUIUSDT | −0.1997% | 1h | 1.0506 | −0.086% | $234K | $491K | 50x | as long as short |
| Hibachi SUI/USDT-P | −0.0512% | 1h | 1.0426 | −0.849% | $6K | $19K | 7x | as long as short |
| Reya SUIRUSDPERP | −0.0372% | 1h | 1.0415 | −0.951% | $4K | $3K | 20x | as long as short |
| Bluefin SUI-PERP | −0.0289% | 1h | 1.0410 | −0.999% | $596K | $418K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0448 | −0.634% | $95K | $171K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0445 | −0.662% | $594K | $4.9M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0424 | −0.865% | $202K | $580K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0428 | −0.830% | $114K | — | 150x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0011% | 1h | 1.0430 | −0.811% | $7.0M | $24.9M | 50x | as long as short |
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 | −0.742% | $677K | $1.1M | 20x | |
| 01 Exchange SUIUSD | +0.0032% | 1h | 1.0422 | −0.884% | $9K | $9K | 10x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0430 | −0.807% | $813K | $5.5M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0441 | −0.704% | $279K | $2.1M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0429 | −0.818% | $35K | $482K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0099% | 8h | 1.0421 | −0.894% | $48K | $308K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0506 | −0.088% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0418 | −0.922% | $700K | $1.5M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0427 | −0.837% | $959K | $4.9M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0445 | −0.669% | $227K | $261K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0440 | −0.711% | $152.0M | $1.04B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0442 | −0.693% | $103.3M | $310.7M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0440 | −0.713% | $41.1M | $393.9M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0440 | −0.713% | $44K | $370K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0441 | −0.704% | $167.7M | $82.3M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0437 | −0.742% | $153.1M | $292.1M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0425 | −0.856% | $50.9M | $53.6M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0438 | −0.732% | $67.7M | $172.1M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0438 | −0.732% | — | $82.5M | — | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0431 | −0.800% | $2.4M | $3.2M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0490 | −0.241% | $171K | $4.6M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0461 | −0.509% | $456K | $7.5M | 10x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0431 | −0.799% | $120K | $735K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0434 | −0.770% | $2K | $1.8M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0428 | −0.827% | $6K | $2.2M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0429 | −0.818% | $661K | $19.6M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0440 | −0.713% | $11.6M | $25.3M | 50x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0504 | −0.103% | $247K | $3K | 10x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0419 | −0.912% | $1.5M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0428 | −0.831% | $40K | $16K | 3x | as long as short |
| Hyperliquid SUI | +0.0109% | 1h | 1.0450 | −0.618% | $75.0M | $80.9M | 10x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0152% | 1h | 1.0422 | −0.884% | $988K | $14.6M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0438 | −0.732% | $8.1M | $25.5M | 100x | as long as short |
| Phoenix SUI | +0.0299% | 1h | 1.0505 | −0.093% | $208K | $595K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0618% / S −0.0265% | 1h | 1.0425 | −0.859% | $953K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0951% | 1h | 1.0536 | +0.203% | $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
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-USDT
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
Hyperliquid SUI
Coinbase International SUI-PERP-INTX
BloFin SUI-USDT
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD