Funding you earn now, next payment 00:00 UTC+0.0204%/8h= +22.4% APRnext payment +$0.26 per $10,000 · paid last 24h +0.038%
Price spread now: GMX against Backpack−0.059%7-day average +0.022% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.089%+$9 on $10k
+Price spread, last 3 days (all we have)+0.032%+$3 · spread now −0.059%, 7d avg +0.022%
=Funding pays, the price is against you. GMX is 0.081% cheaper against Backpack than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of +0.022%). If the spread goes back, that is −$8 on $10k: about 32 hours of funding at the current rate (+$6 a day). At the pace of the last 3 days (+0.089% in total) that is about 2.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack SUI_USDC_PERP | 1.0351 | 0.0100 | pay 0.0013% / 1h | 24m 54s | $665K | $1.1M | 20x |
| Short | GMX SUI/USD [ETH-USDC] | 1.0345 | L +0.0636% / S −0.0304% | get 0.0038% / 1h | 24m 54s | $894K | — | 100x |
Backpack SUI_USDC_PERP
GMX SUI/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- $42.87
- Price spread: −0.059% → +0.022%
- −$8.07
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $12.8
- Costs to cover
- 0.220%
- Break-even
- 4.9 days
Slippage unknown: Backpack: live order book, 4 min ago; GMX: no order-book sample. Net counts fees only.
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, 4 min ago | 0.48 bp | 5.5 bp −$5 | 8.3 bp −$83 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.3474% | 1h | 1.0261 | −0.869% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0369% | 1h | 1.0340 | −0.103% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0320% | 1h | 1.0339 | −0.117% | $6K | $19K | 7x | as long as short |
| Bluefin SUI-PERP | −0.0049% | 1h | 1.0342 | −0.087% | $593K | $407K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0339 | −0.114% | $97K | $173K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0330 | −0.206% | $462K | $5.3M | 2.5x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0002% | 1h | 1.0344 | −0.066% | $119K | — | 150x | as long as short |
| Deribit SUI_USDC-PERPETUAL | +0.0040% | 1h | 1.0356 | +0.048% | $201K | $581K | 25x | as long as short |
| 01 Exchange SUIUSD | +0.0088% | 1h | 1.0333 | −0.174% | $9K | $9K | 10x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0353 | +0.021% | $791K | $5.9M | 10x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
Bluefin SUI-PERP
dYdX SUI-USD
Kalshi KXSUIPERP
gTrade (Gains Network) SUI/USD
Deribit SUI_USDC-PERPETUAL
01 Exchange SUIUSD
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 | 1.0359 | +0.080% | $262K | $2.0M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0329 | −0.213% | $39K | $496K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0353 | +0.019% | $46K | $328K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0338 | −0.124% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0335 | −0.155% | $597K | $1.4M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0353 | +0.017% | $1.0M | $4.7M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0341 | −0.101% | $224K | $260K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0352 | +0.010% | $152.4M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0353 | +0.023% | $103.5M | $306.8M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0349 | −0.019% | $41.4M | $387.1M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0330 | −0.203% | $46K | $387K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0338 | −0.129% | $243K | $2K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0351 | 0.000% | $165.7M | $81.3M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0352 | +0.010% | $149.9M | $291.0M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0348 | −0.029% | $51.8M | $52.3M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0347 | −0.039% | $68.0M | $167.9M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0350 | −0.010% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERPlong | +0.0100% | 1h | 1.0351 | long leg | $665K | $1.1M | 20x | |
| Variational Omni SUI | +0.0100% | 8h | 1.0350 | −0.007% | $2.3M | $2.8M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0341 | −0.095% | $168K | $4.4M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0367 | +0.152% | $455K | $7.0M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0346 | −0.048% | $235K | $442K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0348 | −0.029% | $108K | $775K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0367 | +0.155% | $3K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0354 | +0.029% | $6K | $2.4M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0335 | −0.155% | $641K | $18.5M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0354 | +0.029% | $11.6M | $24.9M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0348 | −0.029% | $1.4M | $3.8M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0356 | +0.050% | $49K | $37K | 3x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0356 | +0.048% | $8.0M | $24.2M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0224% | 1h | 1.0341 | −0.097% | $981K | $13.9M | 50x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0272% | 1h | 1.0362 | +0.103% | $7.2M | $24.1M | 50x | as long as short |
| Phoenix SUI | +0.0327% | 1h | 1.0353 | +0.017% | $205K | $593K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC]short | L +0.0636% / S −0.0304% | 1h | 1.0345 | −0.059% | $894K | — | 100x | |
| Hyperliquid SUI | +0.0676% | 1h | 1.0366 | +0.145% | $75.0M | $80.9M | 10x | as long as short |
| Aftermath Perps SUIUSD | +0.0848% | 1h | 1.0354 | +0.033% | $93K | $382K | 10x | as long as short |
Lighter RH SUI
Popdex SUIUSDT
Orderly PERP_SUI_USDC
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-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
Phemex SUIUSDT
Extended SUI-USD
Aevo SUI-PERP
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Kraken Futures PF_SUIUSD
Phoenix SUI
Hyperliquid SUI
Aftermath Perps SUIUSD