Funding you earn now, next payment 03:00 UTC−0.0188%/8h= −20.6% APRnext payment −$0.23 per $10,000 · paid last 24h −0.011%
Price spread now: Bulk against Kraken Futures−0.219%7-day average +0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$360.355% of the position
Funding, last 4 days (all we have)−0.024%−$2 on $10k
+Price spread, last 4 days (all we have)+0.008%+$1 · spread now −0.219%, 7d avg +0.052%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bulk is 0.271% cheaper against Kraken Futures than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of +0.052%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.024% in total (about -2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.23 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SUIUSD | 1.0442 | 0.0288 | pay 0.0036% / 1h | 33m 58s | $6.8M | $26.9M | 50x |
| Short | Bulk SUI-USD | 1.0420 | 0.0100 | get 0.0013% / 1h | 33m 58s | $245K | $4K | 10x |
Kraken Futures PF_SUIUSD
Bulk SUI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- −$39.42
- Price spread: −0.219% → +0.052%
- −$27.09
- Slippage, 4 orders
- −$18.52
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$102.03
- Costs to cover
- 0.355%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; Bulk: live order book, 30 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, 5 min ago | 2.40 bp | 12.8 bp −$13 | 14.8 bp −$148 | 39.6 bp −$3,955 | doesn't fit |
| Sell Bulk live order book, 30 min ago | 0.48 bp | 5.7 bp −$6 | 9.2 bp −$92 | 21.2 bp −$2,118 | 38.3 bp −$19.1K |
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 | 1.0276 | −1.593% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0374% | 1h | 1.0430 | −0.116% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0216% | 1h | 1.0429 | −0.132% | $6K | $19K | 7x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0407 | −0.339% | $95K | $168K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0430 | −0.122% | $515K | $4.7M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0439 | −0.032% | $203K | $575K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0434 | −0.080% | $114K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0438 | −0.040% | $829K | $5.6M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0442 | −0.003% | $282K | $2.1M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0427 | −0.147% | $33K | $499K | 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 | 1.0418 | −0.234% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0431 | −0.104% | $718K | $1.9M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0444 | +0.016% | $918K | $4.6M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0416 | −0.256% | $228K | $262K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0447 | +0.044% | $153.2M | $1.02B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0464 | +0.206% | $103.8M | $307.4M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0461 | +0.178% | $41.4M | $385.7M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0420 | −0.214% | $45K | $373K | 10x | as long as short |
| Bulk SUI-USDshort | +0.0100% | 1h | 1.0420 | −0.219% | $245K | $4K | 10x | |
| Gate SUI_USDT | +0.0100% | 8h | 1.0445 | +0.025% | $165.8M | $82.8M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0445 | +0.025% | $151.6M | $292.1M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0446 | +0.035% | $51.3M | $53.5M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0443 | +0.006% | $68.3M | $168.2M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0452 | +0.092% | — | $6.6M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0439 | −0.032% | $697K | $1.3M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0420 | −0.210% | $2.4M | $3.2M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0390 | −0.498% | $169K | $4.6M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0397 | −0.436% | $455K | $7.5M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0398 | −0.425% | $236K | $469K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0443 | +0.006% | $122K | $717K | 10x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0436 | −0.061% | $48K | $236K | 20x | as long as short |
| Bluefin SUI-PERP | +0.0100% | 1h | 1.0421 | −0.205% | $596K | $408K | 25x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0434 | −0.080% | $2K | $1.8M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0438 | −0.042% | $14K | $2.1M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0436 | −0.061% | $599K | $19.5M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0440 | −0.023% | $11.7M | $26.1M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0441 | −0.017% | $1.5M | $4.0M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0441 | −0.010% | $40K | $11K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0144% | 1h | 1.0429 | −0.128% | $9K | $3K | 10x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0176% | 1h | 1.0420 | −0.214% | $997K | $14.7M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0442 | −0.004% | $8.0M | $25.0M | 100x | as long as short |
| Kraken Futures PF_SUIUSDlong | +0.0288% | 1h | 1.0442 | long leg | $6.8M | $26.9M | 50x | |
| Phoenix SUI | +0.0362% | 1h | 1.0411 | −0.303% | $211K | $561K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0619% / S −0.0272% | 1h | 1.0434 | −0.083% | $971K | — | 100x | as long as short |
| Hyperliquid SUI | +0.0675% | 1h | 1.0455 | +0.121% | $76.2M | $80.2M | 10x | as long as short |
| Aftermath Perps SUIUSD | +0.1289% | 1h | 1.0423 | −0.185% | $83K | $385K | 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
Gate SUI_USDT
MEXC SUI_USDT
KuCoin SUIUSDTM
Bitget SUIUSDT
BingX SUI-USDC
Backpack SUI_USDC_PERP
Variational Omni SUI
edgeX SUIUSDC
GRVT SUI_USDT_Perp
ApeX Omni SUIUSDT
Polymarket Perps SUI-USD
Orderly PERP_SUI_USDC
Bluefin SUI-PERP
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
GMX SUI/USD [ETH-USDC]
Hyperliquid SUI
Aftermath Perps SUIUSD