Funding you earn now, next payment 03:00 UTC+0.0188%/8h= +20.6% APRnext payment +$0.24 per $10,000 · paid last 24h +0.012%
Price spread now: Kraken Futures against Backpack+0.244%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$390.387% of the position
Funding, last 7 days+0.060%+$6 on $10k
+Price spread, last 3 days (all we have)−0.222%−$22 · spread now +0.244%, 7d avg +0.032%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Kraken Futures is 0.211% dearer against Backpack than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.032%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.060% in total (about 3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.24 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack SUI_USDC_PERP | 1.0392 | 0.0100 | pay 0.0013% / 1h | 53m 31s | $710K | $1.2M | 20x |
| Short | Kraken Futures PF_SUIUSD | 1.0417 | 0.0288 | get 0.0036% / 1h | 53m 31s | $6.8M | $26.9M | 50x |
Backpack SUI_USDC_PERP
Kraken Futures PF_SUIUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $39.56
- Price spread: +0.244% → +0.032%
- $21.15
- Slippage, 4 orders
- −$18.73
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $21.98
- Costs to cover
- 0.387%
- Break-even
- 3.1 days
Slippage from Backpack: live order book, just now; Kraken Futures: live order book, 6 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, just now | 0.48 bp | 5.7 bp −$6 | 12.1 bp −$121 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 6 min ago | 3.37 bp | 12.3 bp −$12 | 16.2 bp −$162 | 50.1 bp −$5,010 | 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 | −0.3542% | 1h | 1.0252 | −1.347% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0373% | 1h | 1.0393 | +0.008% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0264% | 1h | 1.0455 | +0.606% | $6K | $19K | 7x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0401 | +0.089% | $95K | $168K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0393 | +0.006% | $511K | $4.8M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0411 | +0.183% | $202K | $576K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0399 | +0.067% | $114K | — | 150x | as long as short |
| Bluefin SUI-PERP | +0.0017% | 1h | 1.0399 | +0.067% | $595K | $411K | 25x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0400 | +0.076% | $828K | $5.6M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0406 | +0.130% | $278K | $2.1M | 10x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Bluefin SUI-PERP
Lighter SUI
Lighter RH SUIShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex SUIUSDT | +0.0096% | 1h | 1.0397 | +0.048% | $31K | $499K | 50x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0399 | +0.071% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0396 | +0.038% | $718K | $1.9M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0397 | +0.049% | $912K | $4.7M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0401 | +0.087% | $227K | $266K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0397 | +0.052% | $152.0M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0394 | +0.019% | $103.0M | $308.5M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0392 | 0.000% | $41.1M | $384.5M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0400 | +0.077% | $44K | $373K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0402 | +0.098% | $245K | $4K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0398 | +0.058% | $164.7M | $82.3M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0397 | +0.048% | $151.0M | $290.2M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0398 | +0.058% | $50.7M | $53.7M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0395 | +0.029% | $67.8M | $168.6M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0399 | +0.067% | — | $82.1M | — | as long as short |
| Backpack SUI_USDC_PERPlong | +0.0100% | 1h | 1.0392 | long leg | $710K | $1.2M | 20x | |
| Variational Omni SUI | +0.0100% | 8h | 1.0468 | +0.729% | $2.4M | $3.2M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0410 | +0.173% | $170K | $4.6M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0410 | +0.174% | $455K | $7.5M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0355 | −0.356% | $236K | $470K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0405 | +0.125% | $48K | $241K | 20x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0421 | +0.279% | $2K | $1.8M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0417 | +0.241% | $6K | $2.1M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0403 | +0.106% | $593K | $19.8M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0394 | +0.019% | $11.6M | $26.0M | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0103% | 1h | 1.0407 | +0.144% | $122K | $726K | 10x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0390 | −0.019% | $1.5M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0419 | +0.260% | $40K | $11K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0128% | 1h | 1.0400 | +0.077% | $9K | $3K | 10x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0176% | 1h | 1.0411 | +0.183% | $967K | $14.6M | 50x | as long as short |
| Phoenix SUI | +0.0221% | 1h | 1.0385 | −0.066% | $206K | $561K | 10x | as long as short |
| Kraken Futures PF_SUIUSDshort | +0.0288% | 1h | 1.0417 | +0.244% | $6.8M | $26.9M | 50x | |
| GMX SUI/USD [ETH-USDC] | L +0.0618% / S −0.0272% | 1h | 1.0394 | +0.022% | $968K | — | 100x | as long as short |
| Hyperliquid SUI | +0.0693% | 1h | 1.0416 | +0.231% | $75.3M | $80.0M | 10x | as long as short |
| Aftermath Perps SUIUSD | +0.1184% | 1h | 1.0409 | +0.164% | $83K | $383K | 10x | as long as short |
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
Orderly PERP_SUI_USDC
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Phemex SUIUSDT
Polymarket Perps SUI-USD
Extended SUI-USD
Aevo SUI-PERP
01 Exchange SUIUSD
Coinbase International SUI-PERP-INTX
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Hyperliquid SUI
Aftermath Perps SUIUSD