Funding you earn now, next payment 01:00 UTC+0.0698%/8h= +76.4% APRnext payment +$0.87 per $10,000 · paid last 24h +0.077%
Price spread now: Backpack against Bluefin+0.038%7-day average +0.113% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$370.369% of the position
Funding, last 7 days−0.117%−$12 on $10k
+Price spread, last 3 days (all we have)+0.065%+$7 · spread now +0.038%, 7d avg +0.113%
=Funding pays, the price is against you. Backpack is 0.075% cheaper against Bluefin than usual: you would sell low and buy high (spread +0.038% now, against its 7-day average of +0.113%). If the spread goes back, that is −$7 on $10k: about 9 hours of funding at the current rate (+$21 a day). Mind the row above: over the last 7 days funding on this pair cost −0.117%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.117% in total (about -6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.87 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 | Bluefin SUI-PERP | 1.0567 | −0.0598 | get 0.0075% / 1h | 28m 04s | $607K | $409K | 25x |
| Short | Backpack SUI_USDC_PERP | 1.0571 | 0.0100 | get 0.0013% / 1h | 28m 04s | $679K | $1.1M | 20x |
Bluefin SUI-PERP
Backpack SUI_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Bluefin. 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
- $146.56
- Price spread: +0.038% → +0.113%
- −$7.49
- Slippage, 4 orders
- −$19.86
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $102.21
- Costs to cover
- 0.369%
- Break-even
- 2.1 days
Slippage from Bluefin: live order book, 46 min ago; Backpack: live order book, 1 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 Bluefin live order book, 46 min ago | 2.42 bp | 10.9 bp −$11 | 50.8 bp −$508 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 1 min ago | 0.47 bp | 5.5 bp −$5 | 7.8 bp −$78 | doesn't fit | doesn't fit |
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 | −0.3416% | 1h | 1.0330 | −2.243% | $42K | $123K | 12x | as long as short |
| Bluefin SUI-PERPlong | −0.0598% | 1h | 1.0567 | long leg | $607K | $409K | 25x | |
| Hibachi SUI/USDT-P | −0.0440% | 1h | 1.0551 | −0.150% | $6K | $18K | 7x | as long as short |
| Reya SUIRUSDPERP | −0.0371% | 1h | 1.0545 | −0.204% | $4K | $3K | 20x | as long as short |
| Phemex SUIUSDT | −0.0365% | 8h | 1.0577 | +0.095% | $11.8M | $25.1M | 50x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0570 | +0.027% | $97K | $169K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0566 | −0.013% | $485K | $4.9M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0584 | +0.161% | $206K | $582K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0002% | 1h | 1.0554 | −0.124% | $122K | — | 150x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0038% | 1h | 1.0583 | +0.152% | $7.3M | $23.8M | 50x | as long as short |
Injective SUI/USDC PERP
Hibachi SUI/USDT-P
Reya SUIRUSDPERP
Phemex SUIUSDT
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Kraken Futures PF_SUIUSDShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUIUSD | +0.0072% | 1h | 1.0569 | +0.019% | $9K | $9K | 10x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0575 | +0.072% | $819K | $5.8M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0577 | +0.095% | $276K | $2.0M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0554 | −0.123% | $30K | $481K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0577 | +0.095% | $47K | $312K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0603 | +0.345% | $28K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0549 | −0.170% | $670K | $1.4M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0579 | +0.109% | $1.0M | $4.8M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0565 | −0.015% | $229K | $253K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0572 | +0.043% | $157.2M | $1.02B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0569 | +0.022% | $105.9M | $304.4M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0566 | −0.009% | $42.5M | $388.8M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0570 | +0.028% | $47K | $387K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0564 | −0.027% | $248K | $1K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0573 | +0.057% | $171.2M | $81.0M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0574 | +0.066% | $157.0M | $294.8M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0574 | +0.066% | $51.6M | $52.7M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0559 | −0.076% | $69.4M | $165.3M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0574 | +0.066% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERPshort | +0.0100% | 1h | 1.0571 | +0.038% | $679K | $1.1M | 20x | |
| Variational Omni SUI | +0.0100% | 8h | 1.0491 | −0.720% | $2.4M | $2.9M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0494 | −0.688% | $171K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0526 | −0.388% | $459K | $7.3M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0504 | −0.596% | $241K | $479K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0557 | −0.095% | $120K | $753K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0558 | −0.085% | $3K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0579 | +0.114% | $6K | $2.3M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0574 | +0.066% | $649K | $18.6M | 75x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0556 | −0.102% | $1.5M | $3.9M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0582 | +0.144% | $40K | $16K | 3x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0200% | 1h | 1.0590 | +0.218% | $995K | $14.5M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0556 | −0.104% | $8.1M | $24.8M | 100x | as long as short |
| Phoenix SUI | +0.0299% | 1h | 1.0559 | −0.075% | $209K | $590K | 10x | as long as short |
| Hyperliquid SUI | +0.0407% | 1h | 1.0588 | +0.199% | $77.1M | $79.2M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0641% / S −0.0324% | 1h | 1.0549 | −0.171% | $918K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0913% | 1h | 1.0518 | −0.467% | $94K | $363K | 10x | as long as short |
01 Exchange SUIUSD
Lighter SUI
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
Extended SUI-USD
Aevo SUI-PERP
Coinbase International SUI-PERP-INTX
BloFin SUI-USDT
Phoenix SUI
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD