Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%
Price spread now: Backpack against Phemex+0.049%7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$320.321% of the position
Funding, last 7 days+0.098%+$10 on $10k
+Price spread, last 3 days (all we have)−0.099%−$10 · spread now +0.049%, 7d avg −0.018%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.068% dearer against Phemex than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.018%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex SUIUSDT | 1.0134 | 0.0100 | pay 0.0100% / 8h | 2h 46m | $11.3M | $24.3M | 50x |
| Short | Backpack SUI_USDC_PERP | 1.0139 | 0.0100 | get 0.0013% / 1h | 46m 33s | $637K | $1.2M | 20x |
Phemex SUIUSDT
Backpack SUI_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Phemex. 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
- Price spread: +0.049% → −0.018%
- $6.78
- Slippage, 4 orders
- −$10.15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$25.37
- Costs to cover
- 0.321%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 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 Phemex live order book, 2 min ago | 1.48 bp | 11.4 bp −$11 | 21.2 bp −$212 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 2 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 | 1.0055 | −0.780% | $41K | $81K | 12x | as long as short |
| Hibachi SUI/USDT-P | −0.0504% | 1h | 1.0144 | +0.097% | $6K | $19K | 7x | as long as short |
| Reya SUIRUSDPERP | −0.0366% | 1h | 1.0141 | +0.073% | $4K | $3K | 20x | as long as short |
| Bluefin SUI-PERP | −0.0128% | 1h | 1.0127 | −0.069% | $579K | $412K | 25x | as long as short |
| Kraken Futures PF_SUIUSD | −0.0022% | 1h | 1.0141 | +0.067% | $6.8M | $23.8M | 50x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0137 | +0.030% | $92K | $66K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0145 | +0.106% | $454K | $5.5M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0143 | +0.089% | $185K | $547K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0002% | 1h | 1.0140 | +0.059% | $117K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0133 | −0.009% | $763K | $5.8M | 10x | as long as short |
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/USD
Lighter SUIShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH SUI | +0.0096% | 1h | 1.0138 | +0.036% | $245K | $2.0M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0140 | +0.059% | $35K | $504K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0097% | 8h | 1.0140 | +0.059% | $44K | $380K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0137 | +0.027% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0141 | +0.074% | $592K | $1.4M | 10x | as long as short |
| Hyperliquid SUI | +0.0100% | 1h | 1.0148 | +0.138% | $72.4M | $81.8M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0144 | +0.102% | $981K | $4.5M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0137 | +0.028% | $219K | $262K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0140 | +0.064% | $150.1M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0140 | +0.063% | $102.0M | $307.7M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0140 | +0.059% | $40.7M | $380.7M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0150 | +0.158% | $146K | $297K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0128 | −0.060% | $238K | $2K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0138 | +0.039% | $163.1M | $81.0M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0136 | +0.020% | $147.3M | $296.6M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0140 | +0.059% | $52.9M | $51.3M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0132 | −0.020% | $66.7M | $169.4M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0138 | +0.039% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERPshort | +0.0100% | 1h | 1.0139 | +0.049% | $637K | $1.2M | 20x | |
| Variational Omni SUI | +0.0100% | 8h | 1.0140 | +0.055% | $2.2M | $2.8M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0145 | +0.110% | $163K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0144 | +0.103% | $440K | $7.2M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0138 | +0.039% | $230K | $444K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0147 | +0.128% | $105K | $796K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0151 | +0.168% | $2K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0138 | +0.039% | $6K | $2.4M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0138 | +0.039% | $629K | $18.9M | 75x | as long as short |
| Phemex SUIUSDTlong | +0.0100% | 8h | 1.0134 | long leg | $11.3M | $24.3M | 50x | |
| Extended SUI-USD | +0.0104% | 1h | 1.0136 | +0.021% | $1.4M | $3.7M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0141 | +0.071% | $48K | $38K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0208% | 1h | 1.0143 | +0.089% | $9K | $9K | 10x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0216% | 1h | 1.0163 | +0.286% | $971K | $13.7M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0136 | +0.020% | $8.0M | $23.7M | 100x | as long as short |
| Phoenix SUI | +0.0290% | 1h | 1.0162 | +0.276% | $183K | $578K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0628% / S −0.0300% | 1h | 1.0139 | +0.046% | $869K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0749% | 1h | 1.0154 | +0.194% | $92K | $379K | 10x | as long as short |
Lighter RH SUI
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-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
01 Exchange SUIUSD
Coinbase International SUI-PERP-INTX
BloFin SUI-USDT
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD