Funding you earn now, next payment 02:00 UTC−0.0078%/8h= −8.6% APRnext payment −$0.10 per $10,000 · paid last 24h −0.001%
Price spread now: Backpack against Polymarket Perps−0.096%7-day average −0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$270.271% of the position
Funding, last 7 days+0.074%+$7 on $10k
+Price spread, last 3 days (all we have)−0.091%−$9 · spread now −0.096%, 7d avg −0.070%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Backpack is 0.026% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.070%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.074%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps SUI-USD | 1.0447 | 0.0100 | pay 0.0013% / 1h | 54m 18s | $120K | $735K | 10x |
| Short | Backpack SUI_USDC_PERP | 1.0437 | 0.0022 | get 0.0003% / 1h | 54m 18s | $677K | $1.1M | 20x |
Polymarket Perps SUI-USD
Backpack SUI_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Polymarket Perps. 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
- −$16.42
- Price spread: −0.096% → −0.070%
- −$2.57
- Slippage, 4 orders
- −$9.05
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$46.05
- Costs to cover
- 0.271%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 14 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 Polymarket Perps live order book, 14 min ago | 2.32 bp | 7.2 bp −$7 | 12.1 bp −$121 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 5 min ago | 0.48 bp | 5.5 bp −$5 | 7.8 bp −$78 | 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 | −0.4499% | 1h | 1.0515 | +0.651% | $43K | $123K | 12x | as long as short |
| ApeX Omni SUIUSDT | −0.1997% | 1h | 1.0506 | +0.565% | $234K | $491K | 50x | as long as short |
| Hibachi SUI/USDT-P | −0.0512% | 1h | 1.0422 | −0.243% | $6K | $19K | 7x | as long as short |
| Reya SUIRUSDPERP | −0.0372% | 1h | 1.0431 | −0.158% | $4K | $3K | 20x | as long as short |
| Bluefin SUI-PERP | −0.0262% | 1h | 1.0435 | −0.115% | $597K | $418K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0432 | −0.140% | $95K | $171K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0445 | −0.015% | $594K | $4.9M | 2.5x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0443 | −0.040% | $114K | — | 150x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0011% | 1h | 1.0467 | +0.192% | $7.0M | $24.9M | 50x | as long as short |
| Backpack SUI_USDC_PERPshort | +0.0022% | 1h | 1.0437 | −0.096% | $677K | $1.1M | 20x |
Injective SUI/USDC PERP
ApeX Omni SUIUSDT
Hibachi SUI/USDT-P
Reya SUIRUSDPERP
Bluefin SUI-PERP
dYdX SUI-USD
Kalshi KXSUIPERP
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit SUI_USDC-PERPETUAL | +0.0037% | 1h | 1.0468 | +0.201% | $203K | $580K | 25x | as long as short |
| 01 Exchange SUIUSD | +0.0048% | 1h | 1.0420 | −0.258% | $9K | $9K | 10x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0443 | −0.041% | $814K | $5.5M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0435 | −0.112% | $279K | $2.1M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0412 | −0.335% | $35K | $482K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0099% | 8h | 1.0451 | +0.038% | $48K | $307K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0488 | +0.395% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0444 | −0.031% | $827K | $1.6M | 10x | as long as short |
| Hyperliquid SUI | +0.0100% | 1h | 1.0439 | −0.077% | $74.9M | $80.5M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0435 | −0.115% | $960K | $5.0M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0439 | −0.076% | $227K | $261K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0442 | −0.048% | $152.0M | $1.04B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0445 | −0.020% | $103.4M | $310.8M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0442 | −0.048% | $41.1M | $393.9M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0420 | −0.258% | $44K | $370K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0442 | −0.048% | $167.7M | $82.3M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0434 | −0.124% | $153.2M | $292.2M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0417 | −0.287% | $51.1M | $53.6M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0462 | +0.144% | $68.0M | $172.1M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0444 | −0.029% | — | $6.6M | — | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0431 | −0.154% | $2.4M | $3.2M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0490 | +0.408% | $171K | $4.6M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0461 | +0.138% | $456K | $7.5M | 10x | as long as short |
| Polymarket Perps SUI-USDlong | +0.0100% | 1h | 1.0447 | long leg | $120K | $735K | 10x | |
| SunX SUI-USDT | +0.0100% | 8h | 1.0473 | +0.249% | $2K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0464 | +0.163% | $6K | $2.2M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0429 | −0.172% | $661K | $19.6M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0440 | −0.067% | $11.6M | $25.3M | 50x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0504 | +0.547% | $247K | $3K | 10x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0455 | +0.073% | $1.5M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0465 | +0.172% | $40K | $16K | 3x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0152% | 1h | 1.0457 | +0.096% | $990K | $14.7M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0438 | −0.086% | $8.1M | $25.5M | 100x | as long as short |
| Phoenix SUI | +0.0299% | 1h | 1.0505 | +0.557% | $208K | $595K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0618% / S −0.0265% | 1h | 1.0440 | −0.069% | $955K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0953% | 1h | 1.0517 | +0.674% | $79K | $382K | 10x | as long as short |
Deribit SUI_USDC-PERPETUAL
01 Exchange SUIUSD
Lighter SUI
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
Gate SUI_USDT
MEXC SUI_USDT
KuCoin SUIUSDTM
Bitget SUIUSDT
BingX SUI-USDC
Variational Omni SUI
edgeX SUIUSDC
GRVT SUI_USDT_Perp
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Phemex SUIUSDT
Bulk SUI-USD
Extended SUI-USD
Aevo SUI-PERP
Coinbase International SUI-PERP-INTX
BloFin SUI-USDT
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD