Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Backpack against Lighter+0.144%7-day average −0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$8as in the Price arb table
costs, in and out, $10k−$260.256% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.599%−$60 · spread now +0.144%, 7d avg −0.035%
=Together, before fees−0.598%+ Points / potential airdropLighter: Season 3 · farm board−$60 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.179% dearer against Lighter than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.035%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SUI | 1.0125 | 0.0096 | pay 0.0012% / 1h | 52m 24s | $762K | $5.8M | 10x |
| Short | Backpack SUI_USDC_PERP | 1.0140 | 0.0100 | get 0.0013% / 1h | 52m 24s | $637K | $1.2M | 20x |
Lighter SUI
Backpack SUI_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Lighter. 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
- $0.84
- Price spread: +0.144% → −0.035%
- $17.88
- Slippage, 4 orders
- −$15.6
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$6.87
- Costs to cover
- 0.256%
- Break-even
- 64.3 days
Slippage from Lighter: live order book, 6 min ago; Backpack: live order book, 2 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 Lighter live order book, 6 min ago | 2.36 bp | 7.7 bp −$8 | 20.4 bp −$204 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 2 min ago | 0.99 bp | 6.0 bp −$6 | 8.9 bp −$89 | 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 | −0.2398% | 1h | 1.0092 | −0.330% | $41K | $81K | 12x | as long as short |
| Hibachi SUI/USDT-P | −0.0504% | 1h | 1.0151 | +0.254% | $6K | $19K | 7x | as long as short |
| Reya SUIRUSDPERP | −0.0366% | 1h | 1.0123 | −0.020% | $4K | $3K | 20x | as long as short |
| Bluefin SUI-PERP | −0.0131% | 1h | 1.0113 | −0.122% | $579K | $412K | 25x | as long as short |
| Kraken Futures PF_SUIUSD | −0.0022% | 1h | 1.0145 | +0.197% | $6.8M | $23.9M | 50x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0132 | +0.065% | $92K | $66K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0131 | +0.055% | $454K | $5.5M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0146 | +0.203% | $185K | $547K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0002% | 1h | 1.0126 | +0.008% | $117K | — | 150x | as long as short |
| Lighter SUIlong | +0.0096% | 1h | 1.0125 | long leg | $762K | $5.8M | 10x |
Injective SUI/USDC PERP
Hibachi SUI/USDT-P
Reya SUIRUSDPERP
Bluefin SUI-PERP
Kraken Futures PF_SUIUSD
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USDShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH SUI | +0.0096% | 1h | 1.0135 | +0.097% | $245K | $2.0M | 10x | as long as short |
| Extended SUI-USD | +0.0096% | 1h | 1.0126 | +0.007% | $1.4M | $3.7M | 50x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0123 | −0.024% | $33K | $503K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0097% | 8h | 1.0126 | +0.006% | $44K | $381K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0128 | +0.023% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0125 | −0.004% | $591K | $1.4M | 10x | as long as short |
| Hyperliquid SUI | +0.0100% | 1h | 1.0131 | +0.055% | $72.3M | $81.8M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0128 | +0.024% | $981K | $4.5M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0130 | +0.043% | $219K | $263K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0126 | +0.001% | $149.8M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0128 | +0.026% | $102.0M | $308.4M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0126 | +0.006% | $40.6M | $380.9M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0140 | +0.144% | $146K | $299K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0223 | +0.962% | $240K | $2K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0121 | −0.043% | $163.1M | $80.9M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0123 | −0.024% | $146.6M | $295.7M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0124 | −0.014% | $53.1M | $51.3M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0117 | −0.083% | $66.6M | $169.9M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0124 | −0.014% | — | $81.7M | — | as long as short |
| Backpack SUI_USDC_PERPshort | +0.0100% | 1h | 1.0140 | +0.144% | $637K | $1.2M | 20x | |
| Variational Omni SUI | +0.0100% | 8h | 1.0176 | +0.504% | $2.2M | $2.8M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0186 | +0.595% | $164K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0186 | +0.601% | $441K | $7.2M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0172 | +0.460% | $231K | $444K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0131 | +0.055% | $105K | $796K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0163 | +0.371% | $2K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0143 | +0.174% | $6K | $2.4M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0148 | +0.223% | $628K | $19.0M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0144 | +0.184% | $11.4M | $24.3M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0167 | +0.407% | $48K | $38K | 3x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0216% | 1h | 1.0153 | +0.273% | $977K | $13.9M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0145 | +0.194% | $8.0M | $23.7M | 100x | as long as short |
| 01 Exchange SUIUSD | +0.0288% | 1h | 1.0124 | −0.014% | $9K | $9K | 10x | as long as short |
| Phoenix SUI | +0.0290% | 1h | 1.0186 | +0.599% | $184K | $578K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0628% / S −0.0300% | 1h | 1.0124 | −0.014% | $868K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0743% | 1h | 1.0174 | +0.479% | $92K | $381K | 10x | as long as short |
Lighter RH SUI
Extended SUI-USD
Popdex SUIUSDT
Orderly PERP_SUI_USDC
Paradex SUI-USD-PERP
Nado SUI-PERP
Hyperliquid SUI
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-USDT
Variational Omni SUI
edgeX SUIUSDC
GRVT SUI_USDT_Perp
ApeX Omni SUIUSDT
Polymarket Perps SUI-USD
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Phemex SUIUSDT
Aevo SUI-PERP
Coinbase International SUI-PERP-INTX
BloFin SUI-USDT
01 Exchange SUIUSD
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD