Funding you earn now, next payment 01:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.07 per $10,000 · paid last 24h +0.074%
Price spread now: Coinbase International against Backpack+0.173%7-day average +0.114% · you sell dearer than you buy
Net, funding: paid 7d − costs−$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$410.406% of the position
Funding, last 7 days+0.360%+$36 on $10k
+Price spread, last 3 days (all we have)−0.102%−$10 · spread now +0.173%, 7d avg +0.114%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.059% dearer against Backpack than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.114%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack SUI_USDC_PERP | 1.0384 | 0.0100 | pay 0.0013% / 1h | 21m 18s | $693K | $1.2M | 20x |
| Short | Coinbase International SUI-PERP-INTX | 1.0402 | 0.0152 | get 0.0019% / 1h | 21m 18s | $996K | $14.6M | 50x |
Backpack SUI_USDC_PERP
Coinbase International SUI-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Backpack. 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
- $10.92
- Price spread: +0.173% → +0.114%
- $5.89
- Slippage, 4 orders
- −$20.58
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$23.76
- Costs to cover
- 0.406%
- Break-even
- 22.2 days
Slippage from Backpack: live order book, 3 min ago; Coinbase International: 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 | 0.96 bp | 6.5 bp −$7 | 13.8 bp −$138 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 3.37 bp | 14.5 bp −$15 | 20.9 bp −$209 | doesn't fit | doesn't fit |
SUI on 45 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 | 1.0236 | −1.425% | $42K | $123K | 12x | as long as short |
| Hibachi SUI/USDT-P | −0.0400% | 1h | 1.0399 | +0.140% | $6K | $19K | 7x | as long as short |
| Reya SUIRUSDPERP | −0.0372% | 1h | 1.0370 | −0.132% | $4K | $3K | 20x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0363 | −0.202% | $94K | $171K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0402 | +0.170% | $508K | $5.1M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0392 | +0.077% | $202K | $578K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0378 | −0.055% | $113K | — | 150x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0012% | 1h | 1.0388 | +0.039% | $6.8M | $27.0M | 50x | as long as short |
| Bluefin SUI-PERP | +0.0079% | 1h | 1.0363 | −0.202% | $593K | $416K | 25x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0371 | −0.124% | $821K | $5.7M | 10x | as long as short |
Injective SUI/USDC PERP
Hibachi SUI/USDT-P
Reya SUIRUSDPERP
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Kraken Futures PF_SUIUSD
Bluefin SUI-PERP
Lighter SUIShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH SUI | +0.0096% | 1h | 1.0369 | −0.142% | $276K | $2.1M | 10x | as long as short |
| 01 Exchange SUIUSD | +0.0096% | 1h | 1.0372 | −0.116% | $9K | $3K | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0376 | −0.077% | $31K | $493K | 50x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0380 | −0.040% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0379 | −0.048% | $748K | $1.9M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0378 | −0.060% | $911K | $5.0M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0368 | −0.158% | $226K | $269K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0378 | −0.058% | $151.8M | $1.05B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0378 | −0.056% | $103.0M | $312.6M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0376 | −0.077% | $41.0M | $391.5M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0380 | −0.039% | $44K | $373K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0400 | +0.154% | $245K | $3K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0378 | −0.058% | $164.0M | $84.3M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0380 | −0.039% | $149.8M | $299.6M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0375 | −0.087% | $51.7M | $53.7M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0373 | −0.106% | $67.5M | $171.6M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0380 | −0.039% | — | $82.3M | — | as long as short |
| Backpack SUI_USDC_PERPlong | +0.0100% | 1h | 1.0384 | long leg | $693K | $1.2M | 20x | |
| Variational Omni SUI | +0.0100% | 8h | 1.0418 | +0.325% | $2.4M | $3.2M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0378 | −0.059% | $169K | $4.7M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0394 | +0.097% | $449K | $7.5M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0381 | −0.029% | $237K | $501K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0383 | −0.010% | $120K | $725K | 10x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0375 | −0.087% | $47K | $250K | 20x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0415 | +0.299% | $2K | $1.8M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0386 | +0.019% | $6K | $2.2M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0400 | +0.154% | $646K | $19.8M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0387 | +0.029% | $11.6M | $25.8M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0367 | −0.161% | $1.5M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0380 | −0.039% | $39K | $16K | 3x | as long as short |
| Hyperliquid SUI | +0.0144% | 1h | 1.0383 | −0.010% | $74.3M | $80.5M | 10x | as long as short |
| Coinbase International SUI-PERP-INTXshort | +0.0152% | 1h | 1.0402 | +0.173% | $996K | $14.6M | 50x | |
| Phoenix SUI | +0.0221% | 1h | 1.0410 | +0.251% | $206K | $595K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0614% / S −0.0271% | 1h | 1.0378 | −0.062% | $963K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1045% | 1h | 1.0388 | +0.038% | $79K | $380K | 10x | as long as short |
Lighter RH SUI
01 Exchange SUIUSD
Popdex SUIUSDT
Paradex SUI-USD-PERP
Nado SUI-PERP
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-USDT
Variational Omni SUI
edgeX SUIUSDC
GRVT SUI_USDT_Perp
ApeX Omni SUIUSDT
Polymarket Perps SUI-USD
Orderly PERP_SUI_USDC
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Phemex SUIUSDT
Extended SUI-USD
Aevo SUI-PERP
Hyperliquid SUI
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD