Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.013%

Price spread now: Backpack against MEXC−0.020%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$140.137% of the position

Long on MEXC Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$5 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now −0.020%, 7d avg −0.003%

Together, before fees+0.046%+$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SUI_USDT	1.0143	0.0100	pay 0.0100% / 8h	2h 45m	$147.4M	$296.6M	300x
Short	Backpack SUI_USDC_PERP	1.0141	0.0100	get 0.0013% / 1h	45m 13s	$637K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against MEXC. 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 MEXCbpFee BackpackbpOrdersPrice spread, now −0.020%Rate

Funding earned: $0
Price spread: −0.020% → −0.003%: −$1.63
Slippage, 4 orders: −$3.69
Fee MEXC: 0 bp × 2 orders: $0
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$15.32
Costs to cover: 0.137%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Backpack: live order book, 4 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 MEXC live order book, 4 min ago	0.99 bp	1.0 bp −$1	3.9 bp −$39	20.4 bp −$2,038	97.2 bp −$48.6K
Sell Backpack live order book, 4 min ago	0.49 bp	5.5 bp −$5	8.0 bp −$80	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	1.0041	−1.006%	$41K	$81K	12x	as long as short
Hibachi SUI/USDT-P	−0.0512%	1h	1.0141	−0.023%	$6K	$19K	7x	as long as short
Reya SUIRUSDPERP	−0.0366%	1h	1.0137	−0.055%	$4K	$3K	20x	as long as short
Bluefin SUI-PERP	−0.0130%	1h	1.0129	−0.138%	$579K	$411K	25x	as long as short
Kraken Futures PF_SUIUSD	−0.0022%	1h	1.0145	+0.017%	$6.8M	$23.8M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0143	0.000%	$92K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0135	−0.080%	$454K	$5.5M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0147	+0.039%	$185K	$547K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0142	−0.009%	$117K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0140	−0.030%	$763K	$5.8M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SUI	+0.0096%	1h	1.0145	+0.021%	$245K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0143	0.000%	$35K	$504K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0097%	8h	1.0142	−0.010%	$44K	$380K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0141	−0.020%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0140	−0.032%	$591K	$1.4M	10x	as long as short
Hyperliquid SUI	+0.0100%	1h	1.0148	+0.049%	$72.4M	$81.8M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0139	−0.035%	$980K	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0142	−0.012%	$219K	$262K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0142	−0.007%	$150.1M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0142	−0.010%	$101.8M	$307.6M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0141	−0.020%	$40.7M	$380.8M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0150	+0.069%	$146K	$297K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0128	−0.149%	$238K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0139	−0.039%	$163.2M	$81.0M	50x	as long as short
MEXC SUI_USDTlong	+0.0100%	8h	1.0143	long leg	$147.4M	$296.6M	300x
KuCoin SUIUSDTM	+0.0100%	8h	1.0142	−0.010%	$53.0M	$51.4M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0136	−0.069%	$66.7M	$169.4M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0141	−0.020%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERPshort	+0.0100%	1h	1.0141	−0.020%	$637K	$1.2M	20x
Variational Omni SUI	+0.0100%	8h	1.0141	−0.024%	$2.2M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0140	−0.026%	$163K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0140	−0.031%	$440K	$7.2M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0141	−0.020%	$230K	$444K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0146	+0.030%	$105K	$796K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0153	+0.099%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0142	−0.010%	$6K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0142	−0.010%	$630K	$18.9M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0141	−0.020%	$11.3M	$24.3M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0142	−0.014%	$1.4M	$3.7M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0146	+0.033%	$48K	$38K	3x	as long as short
01 Exchange SUIUSD	+0.0200%	1h	1.0146	+0.030%	$9K	$9K	10x	as long as short
Coinbase International SUI-PERP-INTX	+0.0216%	1h	1.0152	+0.089%	$970K	$13.7M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0141	−0.020%	$8.0M	$23.7M	100x	as long as short
Phoenix SUI	+0.0290%	1h	1.0162	+0.187%	$183K	$578K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0629% / S −0.0300%	1h	1.0141	−0.023%	$869K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0747%	1h	1.0149	+0.063%	$92K	$379K	10x	as long as short