SUI

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0267%/8h= −29.3% APRnext payment −$0.33 per $10,000 · paid last 24h −0.007%

Price spread now: Lighter against Kraken Futures−0.002%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on Kraken Futures Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$6 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.002%, 7d avg −0.012%

Together, before fees−0.038%+ Points / potential airdropLighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.065% in total (about -3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.33 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	1.0219	0.0363	pay 0.0045% / 1h	58m 07s	$6.8M	$25.0M	50x
Short	Lighter SUI	1.0218	0.0096	get 0.0012% / 1h	58m 07s	$796K	$5.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.002%Rate

Funding earned: −$56.1
Price spread: −0.002% → −0.012%: $0.96
Slippage, 4 orders: −$20.24
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$85.38
Costs to cover: 0.302%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 1 min ago; Lighter: live order book, 5 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	0.49 bp	9.6 bp −$10	12.7 bp −$127	28.4 bp −$2,836	doesn't fit
Sell Lighter live order book, 5 min ago	4.26 bp	4.4 bp −$4	9.0 bp −$90	95.8 bp −$9,578	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	−0.3536%	1h	1.0119	−0.976%	$42K	$113K	12x	as long as short
Reya SUIRUSDPERP	−0.0379%	1h	1.0224	+0.051%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0184%	1h	1.0212	−0.070%	$5K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0235	+0.159%	$96K	$294K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0252	+0.322%	$377K	$5.1M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0219	+0.003%	$196K	$564K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0217	−0.017%	$115K	—	150x	as long as short
Bluefin SUI-PERP	+0.0085%	1h	1.0204	−0.144%	$585K	$430K	25x	as long as short
Lighter SUIshort	+0.0096%	1h	1.0218	−0.002%	$796K	$5.3M	10x
Lighter RH SUI	+0.0096%	1h	1.0224	+0.051%	$298K	$2.2M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex SUIUSDT	+0.0096%	1h	1.0239	+0.199%	$34K	$548K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0217	−0.017%	$47K	$222K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0233	+0.140%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0232	+0.130%	$543K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0219	0.000%	$902K	$4.3M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0237	+0.182%	$219K	$264K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0219	+0.001%	$146.8M	$1.05B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0212	−0.066%	$100.3M	$321.0M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0216	−0.027%	$40.9M	$392.4M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0240	+0.208%	$43K	$329K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0208	−0.109%	$240K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0213	−0.056%	$166.6M	$82.6M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0215	−0.036%	$152.1M	$290.1M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0221	+0.022%	$49.9M	$53.6M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0212	−0.066%	$67.4M	$177.8M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0214	−0.046%	—	$84.8M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0214	−0.046%	$672K	$1.4M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0214	−0.050%	$2.4M	$3.5M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0205	−0.131%	$165K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0213	−0.059%	$442K	$7.6M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0205	−0.134%	$224K	$424K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0240	+0.208%	$132K	$654K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0227	+0.081%	$2K	$1.7M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0216	−0.027%	$6K	$1.9M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0215	−0.036%	$625K	$19.3M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0216	−0.027%	$11.7M	$28.0M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0211	−0.080%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0218	−0.007%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0184%	1h	1.0245	+0.257%	$9K	$2K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0213	−0.056%	$7.6M	$24.9M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0280%	1h	1.0224	+0.052%	$1.0M	$15.1M	50x	as long as short
Kraken Futures PF_SUIUSDlong	+0.0363%	1h	1.0219	long leg	$6.8M	$25.0M	50x
Phoenix SUI	+0.0416%	1h	1.0224	+0.055%	$203K	$401K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0603% / S −0.0263%	1h	1.0220	+0.013%	$941K	—	100x	as long as short
Hyperliquid SUI	+0.0742%	1h	1.0228	+0.091%	$74.6M	$83.9M	10x	as long as short
Aftermath Perps SUIUSD	+0.1377%	1h	1.0220	+0.009%	$83K	$409K	10x	as long as short