Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Backpack against Lighter RH−0.195%7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$200.199% of the position
Funding, last 7 days+0.055%+$6 on $10k
+Price spread, last 4 days (all we have)+0.099%+$10 · spread now −0.195%, 7d avg −0.043%
=Together, before fees+0.155%+ Points / potential airdropLighter RH: Points live · farm board+$15 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 0.152% cheaper against Lighter RH than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.043%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH SUI | 1.0720 | 0.0096 | pay 0.0012% / 1h | 14m 25s | $279K | $2.1M | 10x |
| Short | Backpack SUI_USDC_PERP | 1.0699 | 0.0100 | get 0.0013% / 1h | 14m 25s | $679K | $1.1M | 20x |
Lighter RH SUI
Backpack SUI_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Lighter RH. 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: −0.195% → −0.043%
- −$15.19
- Slippage, 4 orders
- −$9.91
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$34.26
- Costs to cover
- 0.199%
- Break-even
- 292.5 days
Slippage from Lighter RH: live order book, 3 min ago; Backpack: 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 Lighter RH live order book, 3 min ago | 3.33 bp | 4.5 bp −$4 | 14.2 bp −$142 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 5 min ago | 0.47 bp | 6.4 bp −$6 | 8.6 bp −$86 | 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 | −0.3416% | 1h | 1.0391 | −3.068% | $43K | $123K | 12x | as long as short |
| Hibachi SUI/USDT-P | −0.0496% | 1h | 1.0700 | −0.187% | $6K | $18K | 7x | as long as short |
| Bluefin SUI-PERP | −0.0468% | 1h | 1.0739 | +0.178% | $616K | $412K | 25x | as long as short |
| Reya SUIRUSDPERP | −0.0371% | 1h | 1.0725 | +0.047% | $4K | $3K | 20x | as long as short |
| Phemex SUIUSDT | −0.0077% | 8h | 1.0705 | −0.139% | $12.0M | $25.2M | 50x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0717 | −0.025% | $98K | $170K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0736 | +0.146% | $570K | $4.9M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0706 | −0.130% | $208K | $581K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0750 | +0.277% | $116K | — | 150x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0037% | 1h | 1.0707 | −0.118% | $7.4M | $24.1M | 50x | as long as short |
Injective SUI/USDC PERP
Hibachi SUI/USDT-P
Bluefin SUI-PERP
Reya SUIRUSDPERP
Phemex SUIUSDT
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Kraken Futures PF_SUIUSDShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUIUSD | +0.0056% | 1h | 1.0732 | +0.113% | $9K | $9K | 10x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0717 | −0.031% | $837K | $5.9M | 10x | as long as short |
| Lighter RH SUIlong | +0.0096% | 1h | 1.0720 | long leg | $279K | $2.1M | 10x | |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0727 | +0.066% | $32K | $476K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0751 | +0.290% | $50K | $309K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0754 | +0.321% | $28K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0729 | +0.087% | $704K | $1.5M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0729 | +0.082% | $1.1M | $4.8M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0717 | −0.023% | $234K | $251K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0747 | +0.251% | $159.2M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0758 | +0.355% | $107.1M | $306.4M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0752 | +0.299% | $42.7M | $399.0M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0730 | +0.094% | $47K | $381K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0632 | −0.820% | $250K | $3K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0746 | +0.243% | $175.8M | $82.4M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0729 | +0.085% | $157.5M | $300.3M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0723 | +0.029% | $52.3M | $53.1M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0725 | +0.048% | $69.9M | $168.5M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0751 | +0.290% | — | $6.6M | — | as long as short |
| Backpack SUI_USDC_PERPshort | +0.0100% | 1h | 1.0699 | −0.195% | $679K | $1.1M | 20x | |
| Variational Omni SUI | +0.0100% | 8h | 1.0698 | −0.206% | $2.5M | $2.9M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0653 | −0.629% | $173K | $4.6M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0668 | −0.484% | $465K | $7.1M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0665 | −0.512% | $237K | $493K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0736 | +0.150% | $123K | $747K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0717 | −0.027% | $2K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0698 | −0.204% | $6K | $2.2M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0706 | −0.130% | $668K | $19.0M | 75x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0719 | −0.007% | $1.5M | $4.0M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0703 | −0.154% | $41K | $16K | 3x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0200% | 1h | 1.0705 | −0.139% | $1.0M | $14.8M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0701 | −0.176% | $8.2M | $25.6M | 100x | as long as short |
| Phoenix SUI | +0.0299% | 1h | 1.0658 | −0.574% | $211K | $590K | 10x | as long as short |
| Hyperliquid SUI | +0.0428% | 1h | 1.0743 | +0.215% | $77.9M | $79.3M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0637% / S −0.0330% | 1h | 1.0747 | +0.257% | $943K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0927% | 1h | 1.0683 | −0.343% | $79K | $378K | 10x | as long as short |
01 Exchange SUIUSD
Lighter SUI
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
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
Extended SUI-USD
Aevo SUI-PERP
Coinbase International SUI-PERP-INTX
BloFin SUI-USDT
Phoenix SUI
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD