Settings8H · net · $10k
Funding arb · Price arb /

SUI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%
Price spread now: Backpack against SoDEX−0.039%50s7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$300.303% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.002%$0 on $10k
Price spread, last 3 days (all we have)−0.028%−$3 · spread now −0.039%, 7d avg −0.006%
Together, before fees−0.027%−$3 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 0.033% cheaper against SoDEX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.006%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX SUI-USD1.01480.0100pay 0.0013% / 1h32m 19s$6K$2.4M10x
ShortBackpack SUI_USDC_PERP1.01440.0100get 0.0013% / 1h32m 19s$639K$1.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Backpack against SoDEX. 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

Funding earned
$0
Price spread: −0.039% → −0.006%
−$3.34
Slippage, 4 orders
−$12.29
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$33.63
Costs to cover
0.303%
Break-even
never at this rate
Slippage from SoDEX: 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
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX live order book, 2 min ago0.99 bp8.9 bp −$917.5 bp −$175103.6 bp −$10.4Kdoesn't fit
Sell Backpack live order book, 2 min ago0.49 bp5.5 bp −$57.8 bp −$78doesn't fitdoesn't fit

SUI on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SUI/USDC PERP−0.2398%1h1.0035−1.114%$41K$81K12xas long as short
Hibachi SUI/USDT-P−0.0496%1h1.0140−0.080%$6K$18K7xas long as short
Reya SUIRUSDPERP−0.0366%1h1.0149+0.007%$4K$3K20xas long as short
Bluefin SUI-PERP−0.0122%1h1.0136−0.118%$580K$406K25xas long as short
Kraken Futures PF_SUIUSD−0.0022%1h1.0152+0.039%$6.8M$23.7M50xas long as short
dYdX SUI-USD0.0000%1h1.0147−0.014%$93K$66K10xas long as short
Kalshi KXSUIPERP0.0000%8h1.0143−0.054%$454K$5.5M2.5xas long as short
Deribit SUI_USDC-PERPETUAL0.0000%1h1.0152+0.039%$185K$546K25xas long as short
gTrade (Gains Network) SUI/USDL +0.0003% / S −0.0002%1h1.0150+0.020%$117K150xas long as short
Lighter SUI+0.0096%1h1.0146−0.016%$766K$5.9M10xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH SUI+0.0096%1h1.0156+0.080%$250K$2.0M10xas long as short
Popdex SUIUSDT+0.0096%1h1.0146−0.020%$35K$504K50xas long as short
Orderly PERP_SUI_USDC+0.0098%8h1.0147−0.010%$44K$379K20xas long as short
Paradex SUI-USD-PERP+0.0100%8h1.0149+0.006%$27K$9K30xas long as short
Nado SUI-PERP+0.0100%1h1.01480.000%$592K$1.3M10xas long as short
Hyperliquid SUI+0.0100%1h1.0158+0.099%$72.3M$81.9M10xas long as short
Aster SUIUSDT+0.0100%8h1.0151+0.031%$981K$4.5M75xas long as short
Pacifica SUI+0.0100%1h1.0151+0.026%$219K$262K10xas long as short
Binance SUIUSDT+0.0100%8h1.0151+0.030%$150.2M$1.03B75xas long as short
Bybit SUIUSDT+0.0100%8h1.0154+0.059%$102.0M$307.1M50xas long as short
OKX SUI-USDT-SWAP+0.0100%8h1.0152+0.039%$40.7M$380.7M50xas long as short
Arcus SUI-USD+0.0100%1h1.0150+0.020%$146K$297K10xas long as short
Bulk SUI-USD+0.0100%1h1.0139−0.085%$238K$2K10xas long as short
Gate SUI_USDT+0.0100%8h1.0149+0.010%$163.2M$81.1M50xas long as short
MEXC SUI_USDT+0.0100%8h1.0152+0.039%$147.9M$297.7M300xas long as short
KuCoin SUIUSDTM+0.0100%8h1.0150+0.020%$53.1M$51.3M75xas long as short
Bitget SUIUSDT+0.0100%8h1.0144−0.039%$66.7M$169.2M75xas long as short
BingX SUI-USDT+0.0100%8h1.0149+0.010%$81.6Mas long as short
Backpack SUI_USDC_PERPshort+0.0100%1h1.0144−0.039%$639K$1.2M20x
Variational Omni SUI+0.0100%8h1.0161+0.130%$2.2M$2.8Mas long as short
edgeX SUIUSDC+0.0100%4h1.0160+0.116%$164K$4.5M20xas long as short
GRVT SUI_USDT_Perp+0.0100%8h1.0166+0.177%$446K$7.1M10xas long as short
ApeX Omni SUIUSDT+0.0100%1h1.0164+0.158%$230K$444K50xas long as short
Polymarket Perps SUI-USD+0.0100%1h1.0155+0.069%$106K$796K10xas long as short
SunX SUI-USDT+0.0100%8h1.0162+0.138%$2K$1.9M30xas long as short
SoDEX SUI-USDlong+0.0100%1h1.0148long leg$6K$2.4M10x
HTX SUI-USDT+0.0100%8h1.0146−0.020%$625K$18.8M75xas long as short
Phemex SUIUSDT+0.0100%8h1.0150+0.020%$11.4M$24.4M50xas long as short
Extended SUI-USD+0.0104%1h1.0147−0.011%$1.4M$3.7M50xas long as short
Aevo SUI-PERP+0.0104%1h1.0150+0.015%$48K$37K3xas long as short
01 Exchange SUIUSD+0.0120%1h1.01480.000%$9K$9K10xas long as short
Coinbase International SUI-PERP-INTX+0.0216%1h1.0165+0.168%$973K$13.7M50xas long as short
BloFin SUI-USDT+0.0220%8h1.0146−0.020%$7.9M$23.6M100xas long as short
Phoenix SUI+0.0290%1h1.0173+0.250%$184K$578K10xas long as short
GMX SUI/USD [ETH-USDC]L +0.0630% / S −0.0300%1h1.0149+0.013%$870K100xas long as short
Aftermath Perps SUIUSD+0.0718%1h1.0156+0.075%$92K$378K10xas long as short