Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: Backpack against KuCoin0.000%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$360.355% of the position

Long on KuCoin Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

Price spread, last 4 days (all we have)−0.033%−$3 · spread now 0.000%, 7d avg −0.020%

Together, before fees−0.002%$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SUIUSDTM	1.0339	0.0100	pay 0.0100% / 8h	52m 53s	$51.8M	$52.1M	75x
Short	Backpack SUI_USDC_PERP	1.0339	0.0100	get 0.0013% / 1h	52m 53s	$657K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against KuCoin. 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 KuCoinbpFee BackpackbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.020%: $1.96
Slippage, 4 orders: −$13.54
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$33.58
Costs to cover: 0.355%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Backpack: 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 KuCoin live order book, 6 min ago	1.46 bp	13.9 bp −$14	29.5 bp −$295	doesn't fit	doesn't fit
Sell Backpack live order book, 1 min ago	0.49 bp	5.5 bp −$5	8.3 bp −$83	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	−1.664%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0369%	1h	1.0330	−0.090%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0320%	1h	1.0310	−0.284%	$6K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0309	−0.294%	$94K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0354	+0.143%	$462K	$5.4M	2.5x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0330	−0.086%	$120K	—	150x	as long as short
Deribit SUI_USDC-PERPETUAL	+0.0040%	1h	1.0338	−0.010%	$201K	$581K	25x	as long as short
Bluefin SUI-PERP	+0.0050%	1h	1.0325	−0.135%	$592K	$404K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0340	+0.009%	$795K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0342	+0.031%	$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	1.0317	−0.213%	$9K	$9K	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0322	−0.164%	$38K	$498K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0099%	8h	1.0329	−0.097%	$46K	$330K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0310	−0.283%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0327	−0.111%	$596K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0341	+0.019%	$1.0M	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0313	−0.255%	$224K	$262K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0340	+0.012%	$152.1M	$1.02B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0341	+0.021%	$103.9M	$306.9M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0340	+0.010%	$41.4M	$385.7M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0320	−0.184%	$46K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0269	−0.677%	$242K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0340	+0.010%	$165.5M	$80.7M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0341	+0.019%	$149.2M	$288.8M	300x	as long as short
KuCoin SUIUSDTMlong	+0.0100%	8h	1.0339	long leg	$51.8M	$52.1M	75x
Bitget SUIUSDT	+0.0100%	8h	1.0336	−0.029%	$67.9M	$168.7M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0339	0.000%	—	$81.6M	—	as long as short
Backpack SUI_USDC_PERPshort	+0.0100%	1h	1.0339	0.000%	$657K	$1.1M	20x
Variational Omni SUI	+0.0100%	8h	1.0295	−0.425%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0319	−0.197%	$169K	$4.4M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0324	−0.142%	$445K	$6.9M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0299	−0.387%	$234K	$441K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0339	0.000%	$108K	$782K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0343	+0.039%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0338	−0.010%	$7K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0328	−0.106%	$641K	$18.5M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0337	−0.019%	$11.6M	$24.8M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0337	−0.015%	$1.4M	$3.8M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0343	+0.035%	$49K	$37K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0327	−0.116%	$7.9M	$24.0M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0224%	1h	1.0351	+0.116%	$986K	$14.0M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0273%	1h	1.0344	+0.050%	$7.2M	$24.0M	50x	as long as short
Phoenix SUI	+0.0327%	1h	1.0335	−0.041%	$204K	$593K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0638% / S −0.0309%	1h	1.0330	−0.085%	$902K	—	100x	as long as short
Hyperliquid SUI	+0.0657%	1h	1.0354	+0.145%	$74.1M	$80.2M	10x	as long as short
Aftermath Perps SUIUSD	+0.0796%	1h	1.0303	−0.348%	$94K	$381K	10x	as long as short