Funding you earn now, next payment 04:00 UTC−0.0062%/8h= −6.8% APRnext payment −$0.08 per $10,000 · paid last 24h −0.015%
Price spread now: Backpack against Kraken Futures+0.009%7-day average −0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$350.352% of the position
Funding, last 7 days−0.063%−$6 on $10k
+Price spread, last 4 days (all we have)−0.092%−$9 · spread now +0.009%, 7d avg −0.032%
=The price spread pays, funding is against you. Backpack is 0.041% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.009% now, against its 7-day average of −0.032%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.2 days. At the pace of the last 7 days (−0.063% in total) that is about 4.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SUIUSD | 1.0410 | 0.0162 | pay 0.0020% / 1h | 50m 39s | $6.9M | $27.0M | 50x |
| Short | Backpack SUI_USDC_PERP | 1.0411 | 0.0100 | get 0.0013% / 1h | 50m 39s | $691K | $1.4M | 20x |
Kraken Futures PF_SUIUSD
Backpack SUI_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Kraken Futures. 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
- −$13
- Price spread: +0.009% → −0.032%
- $4.12
- Slippage, 4 orders
- −$15.24
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$44.12
- Costs to cover
- 0.352%
- Break-even
- never at this rate
Slippage from Kraken Futures: 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 Kraken Futures live order book, 3 min ago | 2.87 bp | 12.4 bp −$12 | 16.0 bp −$160 | 45.9 bp −$4,594 | doesn't fit |
| Sell Backpack live order book, 3 min ago | 0.48 bp | 5.8 bp −$6 | 12.6 bp −$126 | 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 | −0.3244% | 1h | 1.0316 | −0.904% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0375% | 1h | 1.0405 | −0.050% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0296% | 1h | 1.0456 | +0.440% | $6K | $19K | 7x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0396 | −0.134% | $130K | $227K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0427 | +0.162% | $521K | $4.9M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0403 | −0.068% | $202K | $574K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0402 | −0.076% | $113K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0402 | −0.076% | $828K | $5.5M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0407 | −0.027% | $297K | $2.1M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0401 | −0.087% | $39K | $515K | 50x | 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
Lighter SUI
Lighter RH SUI
Popdex SUIUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0411 | +0.012% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0412 | +0.018% | $718K | $1.9M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0432 | +0.212% | $911K | $4.6M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0403 | −0.067% | $226K | $260K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0404 | −0.054% | $151.5M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0404 | −0.058% | $103.3M | $310.0M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0404 | −0.058% | $41.2M | $388.1M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0400 | −0.097% | $44K | $373K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0476 | +0.633% | $246K | $6K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0397 | −0.126% | $166.5M | $82.7M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0396 | −0.135% | $151.0M | $292.8M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0393 | −0.164% | $50.1M | $54.1M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0393 | −0.164% | $67.9M | $171.0M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0398 | −0.116% | — | $82.3M | — | as long as short |
| Backpack SUI_USDC_PERPshort | +0.0100% | 1h | 1.0411 | +0.009% | $691K | $1.4M | 20x | |
| Variational Omni SUI | +0.0100% | 8h | 1.0401 | −0.090% | $2.4M | $3.3M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0457 | +0.450% | $170K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0461 | +0.493% | $450K | $7.7M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0457 | +0.451% | $234K | $485K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0420 | +0.095% | $113K | $743K | 10x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0402 | −0.078% | $48K | $199K | 20x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0432 | +0.211% | $2K | $1.8M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0408 | −0.020% | $14K | $2.1M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0408 | −0.020% | $576K | $19.7M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0416 | +0.057% | $12.0M | $26.6M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0395 | −0.147% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0409 | −0.015% | $40K | $11K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0120% | 1h | 1.0402 | −0.078% | $9K | $3K | 10x | as long as short |
| Kraken Futures PF_SUIUSDlong | +0.0162% | 1h | 1.0410 | long leg | $6.9M | $27.0M | 50x | |
| Coinbase International SUI-PERP-INTX | +0.0216% | 1h | 1.0432 | +0.211% | $995K | $15.0M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0413 | +0.028% | $8.0M | $25.0M | 100x | as long as short |
| Phoenix SUI | +0.0390% | 1h | 1.0476 | +0.638% | $213K | $421K | 10x | as long as short |
| Hyperliquid SUI | +0.0450% | 1h | 1.0444 | +0.326% | $75.9M | $81.5M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0614% / S −0.0267% | 1h | 1.0403 | −0.065% | $961K | — | 100x | as long as short |
| Bluefin SUI-PERP | +0.0798% | 1h | 1.0386 | −0.231% | $594K | $403K | 25x | as long as short |
| Aftermath Perps SUIUSD | +0.1521% | 1h | 1.0454 | +0.426% | $83K | $393K | 10x | as long as short |
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
GRVT SUI_USDT_Perp
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
01 Exchange SUIUSD
Coinbase International SUI-PERP-INTX
BloFin SUI-USDT
Phoenix SUI
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Bluefin SUI-PERP
Aftermath Perps SUIUSD