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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Bulk against Backpack+0.059%7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$210.207% of the position

Long on Backpack Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.190%−$19 · spread now +0.059%, 7d avg +0.066%

Together, before fees−0.189%−$19 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack SUI_USDC_PERP	1.0187	0.0100	pay 0.0013% / 1h	21m 22s	$642K	$1.2M	20x
Short	Bulk SUI-USD	1.0193	0.0100	get 0.0013% / 1h	21m 22s	$240K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Backpack. 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 BackpackbpFee BulkbpOrdersPrice spread, now +0.059%Rate

Funding earned: $0
Price spread: +0.059% → +0.066%: −$0.68
Slippage, 4 orders: −$3.75
Fee Backpack: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$21.42
Costs to cover: 0.207%
Break-even: never at this rate

Slippage from Backpack: live order book, 3 min ago; Bulk: live order book, 3 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 Backpack live order book, 3 min ago	0.49 bp	5.5 bp −$5	7.9 bp −$79	doesn't fit	doesn't fit
Sell Bulk live order book, 3 min ago	0.49 bp	5.2 bp −$5	8.4 bp −$84	18.0 bp −$1,802	37.6 bp −$18.8K

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	1.0068	−1.168%	$41K	$123K	12x	as long as short
Hibachi SUI/USDT-P	−0.0512%	1h	1.0167	−0.201%	$6K	$18K	7x	as long as short
Reya SUIRUSDPERP	−0.0367%	1h	1.0190	+0.026%	$4K	$3K	20x	as long as short
Bluefin SUI-PERP	−0.0113%	1h	1.0178	−0.088%	$583K	$405K	25x	as long as short
Kraken Futures PF_SUIUSD	−0.0022%	1h	1.0194	+0.068%	$6.8M	$23.8M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0191	+0.040%	$93K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0189	+0.024%	$456K	$5.5M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0193	+0.059%	$186K	$546K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0192	+0.047%	$118K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0192	+0.052%	$770K	$5.9M	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	1.0197	+0.103%	$252K	$2.0M	10x	as long as short
01 Exchange SUIUSD	+0.0096%	1h	1.0197	+0.098%	$9K	$9K	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0196	+0.088%	$36K	$503K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0098%	8h	1.0190	+0.029%	$45K	$377K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0193	+0.057%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0192	+0.054%	$593K	$1.3M	10x	as long as short
Hyperliquid SUI	+0.0100%	1h	1.0202	+0.147%	$72.6M	$81.8M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0201	+0.133%	$994K	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0196	+0.086%	$220K	$260K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0190	+0.029%	$151.0M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0193	+0.063%	$102.0M	$307.0M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0191	+0.039%	$40.9M	$382.3M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0200	+0.128%	$147K	$297K	10x	as long as short
Bulk SUI-USDshort	+0.0100%	1h	1.0193	+0.059%	$240K	$2K	10x
Gate SUI_USDT	+0.0100%	8h	1.0190	+0.029%	$164.1M	$81.2M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0189	+0.020%	$147.6M	$298.3M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0195	+0.079%	$52.4M	$51.3M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0185	−0.020%	$66.9M	$169.1M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0192	+0.049%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERPlong	+0.0100%	1h	1.0187	long leg	$642K	$1.2M	20x
Variational Omni SUI	+0.0100%	8h	1.0167	−0.200%	$2.2M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0171	−0.161%	$164K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0167	−0.196%	$439K	$7.1M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0174	−0.128%	$230K	$444K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0202	+0.147%	$106K	$785K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0203	+0.157%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0190	+0.029%	$6K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0193	+0.059%	$623K	$18.8M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0184	−0.029%	$11.4M	$24.4M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0189	+0.017%	$1.4M	$3.7M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0193	+0.059%	$48K	$37K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0216%	1h	1.0199	+0.118%	$975K	$13.7M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0170	−0.167%	$8.0M	$23.7M	100x	as long as short
Phoenix SUI	+0.0290%	1h	1.0183	−0.035%	$184K	$578K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0630% / S −0.0300%	1h	1.0190	+0.027%	$874K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0702%	1h	1.0174	−0.124%	$92K	$378K	10x	as long as short