Funding you earn now, next payment 09:00 UTC−0.0188%/8h= −20.6% APRnext payment −$0.24 per $10,000 · paid last 24h −0.025%
Price spread now: Lighter RH against Kraken Futures−0.036%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$280.277% of the position
Funding, last 7 days−0.120%−$12 on $10k
+Price spread, last 4 days (all we have)+0.176%+$18 · spread now −0.036%, 7d avg +0.009%
=Together, before fees+0.056%+ Points / potential airdropLighter RH: Points live · farm board+$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Lighter RH is 0.045% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.009%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.120% in total (about -6.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.24 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 | 1.0124 | 0.0284 | pay 0.0036% / 1h | 26m 28s | $6.8M | $21.4M | 50x |
| Short | Lighter RH SUI | 1.0121 | 0.0096 | get 0.0012% / 1h | 26m 28s | $306K | $2.2M | 10x |
Kraken Futures PF_SUIUSD
Lighter RH SUIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$39.53
- Price spread: −0.036% → +0.009%
- −$4.51
- Slippage, 4 orders
- −$17.69
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$71.73
- Costs to cover
- 0.277%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; Lighter RH: live order book, 1 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 | 1.49 bp | 9.4 bp −$9 | 16.4 bp −$164 | 39.5 bp −$3,947 | doesn't fit |
| Sell Lighter RH live order book, 1 min ago | 2.71 bp | 3.5 bp −$3 | 12.4 bp −$124 | 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 | −0.3240% | 1h | 1.0007 | −1.160% | $41K | $113K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0383% | 1h | 1.0115 | −0.089% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0168% | 1h | 1.0122 | −0.023% | $5K | $17K | 7x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0110 | −0.143% | $94K | $245K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0129 | +0.044% | $377K | $4.2M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0122 | −0.024% | $195K | $535K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0102 | −0.227% | $114K | — | 150x | as long as short |
| 01 Exchange SUIUSD | +0.0080% | 1h | 1.0113 | −0.113% | $8K | $3K | 10x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0119 | −0.055% | $746K | $4.8M | 10x | as long as short |
| Lighter RH SUIshort | +0.0096% | 1h | 1.0121 | −0.036% | $306K | $2.2M | 10x |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
01 Exchange SUIUSD
Lighter SUIShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex SUIUSDT | +0.0096% | 1h | 1.0112 | −0.123% | $46K | $531K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0120 | −0.044% | $46K | $502K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0110 | −0.139% | $26K | $7K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0114 | −0.103% | $672K | $2.1M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0112 | −0.118% | $901K | $4.2M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0118 | −0.067% | $216K | $250K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0107 | −0.168% | $144.1M | $973.6M | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0109 | −0.156% | $97.5M | $301.8M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0111 | −0.133% | $40.9M | $356.5M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0120 | −0.044% | $43K | $321K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0089 | −0.349% | $231K | $7K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0111 | −0.133% | $166.2M | $79.6M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0110 | −0.143% | $97.5M | $288.7M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0113 | −0.113% | $51.2M | $50.7M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0107 | −0.172% | $66.8M | $164.8M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0108 | −0.162% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0121 | −0.034% | $663K | $1.3M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0097 | −0.273% | $2.4M | $3.3M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0101 | −0.232% | $163K | $4.2M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0094 | −0.301% | $433K | $7.0M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0103 | −0.212% | $204K | $371K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0112 | −0.123% | $122K | $515K | 10x | as long as short |
| Bluefin SUI-PERP | +0.0100% | 1h | 1.0107 | −0.172% | $579K | $449K | 25x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0132 | +0.075% | $2K | $1.5M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0123 | −0.014% | $7K | $1.6M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0122 | −0.024% | $630K | $17.7M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0128 | +0.035% | $11.7M | $28.3M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0106 | −0.186% | $1.4M | $4.0M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0127 | +0.020% | $38K | $11K | 3x | as long as short |
| Hyperliquid SUI | +0.0129% | 1h | 1.0119 | −0.054% | $73.0M | $77.0M | 10x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0124 | −0.004% | $7.5M | $24.2M | 100x | as long as short |
| Kraken Futures PF_SUIUSDlong | +0.0284% | 1h | 1.0124 | long leg | $6.8M | $21.4M | 50x | |
| Coinbase International SUI-PERP-INTX | +0.0360% | 1h | 1.0127 | +0.025% | $1.0M | $14.0M | 50x | as long as short |
| Phoenix SUI | +0.0426% | 1h | 1.0109 | −0.153% | $201K | $395K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0600% / S −0.0263% | 1h | 1.0123 | −0.012% | $930K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1150% | 1h | 1.0117 | −0.075% | $80K | $412K | 10x | as long as short |
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
Bulk 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
Bluefin SUI-PERP
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Phemex SUIUSDT
Extended SUI-USD
Aevo SUI-PERP
Hyperliquid SUI
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD