SUI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0273%/8h= −29.9% APRnext payment −$0.34 per $10,000 · paid last 24h −0.007%

Price spread now: Deribit against Kraken Futures−0.017%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$400.402% of the position

Long on Kraken Futures Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 3 days (all we have)+0.056%+$6 · spread now −0.017%, 7d avg +0.013%

Together, before fees−0.008%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Deribit is 0.031% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.013%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.063% in total (about -3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.34 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	1.0351	0.0273	pay 0.0034% / 1h	47m 40s	$7.2M	$24.1M	50x
Short	Deribit SUI_USDC-PERPETUAL	1.0349	0	get 0.0000% / 1h	47m 40s	$201K	$581K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee DeribitbpOrdersPrice spread, now −0.017%Rate

Funding earned: −$57.28
Price spread: −0.017% → +0.013%: −$3.07
Slippage, 4 orders: −$23.16
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$100.52
Costs to cover: 0.402%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 1 min ago; Deribit: live order book, 31 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, 1 min ago	2.90 bp	11.3 bp −$11	19.6 bp −$196	41.3 bp −$4,135	doesn't fit
Sell Deribit live order book, 31 min ago	2.93 bp	10.3 bp −$10	15.1 bp −$151	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	−0.3474%	1h	1.0167	−1.776%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0369%	1h	1.0344	−0.068%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0328%	1h	1.0352	+0.015%	$6K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0354	+0.028%	$94K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0354	+0.030%	$462K	$5.4M	2.5x	as long as short
Deribit SUI_USDC-PERPETUALshort	0.0000%	1h	1.0349	−0.017%	$201K	$581K	25x
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0347	−0.036%	$120K	—	150x	as long as short
Bluefin SUI-PERP	+0.0012%	1h	1.0334	−0.162%	$592K	$405K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0355	+0.041%	$796K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0357	+0.061%	$261K	$2.0M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SUIUSD	+0.0096%	1h	1.0352	+0.012%	$9K	$9K	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0347	−0.037%	$38K	$496K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0099%	8h	1.0346	−0.046%	$46K	$330K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0352	+0.010%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0343	−0.075%	$597K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0358	+0.069%	$1.0M	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0354	+0.030%	$225K	$260K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0351	+0.005%	$152.1M	$1.02B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0353	+0.016%	$103.8M	$306.7M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0348	−0.027%	$41.3M	$386.1M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0350	−0.008%	$46K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0371	+0.194%	$244K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0351	+0.002%	$165.8M	$80.8M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0350	−0.008%	$149.4M	$289.5M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0351	+0.002%	$51.7M	$52.2M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0346	−0.046%	$67.9M	$168.8M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0350	−0.008%	—	$81.6M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0345	−0.056%	$659K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0354	+0.033%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0350	−0.011%	$169K	$4.4M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0366	+0.144%	$446K	$6.9M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0357	+0.060%	$235K	$442K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0353	+0.021%	$108K	$780K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0358	+0.069%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0346	−0.046%	$8K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0347	−0.037%	$641K	$18.5M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0346	−0.046%	$11.6M	$24.8M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0347	−0.041%	$1.4M	$3.8M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0350	−0.008%	$49K	$37K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0342	−0.085%	$7.9M	$24.1M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0224%	1h	1.0359	+0.079%	$986K	$14.0M	50x	as long as short
Kraken Futures PF_SUIUSDlong	+0.0273%	1h	1.0351	long leg	$7.2M	$24.1M	50x
Phoenix SUI	+0.0327%	1h	1.0364	+0.127%	$205K	$593K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0639% / S −0.0309%	1h	1.0342	−0.084%	$903K	—	100x	as long as short
Hyperliquid SUI	+0.0694%	1h	1.0370	+0.185%	$74.7M	$80.7M	10x	as long as short
Aftermath Perps SUIUSD	+0.0809%	1h	1.0342	−0.084%	$94K	$381K	10x	as long as short