Funding you earn now, next payment 03:00 UTC−0.0116%/8h= −12.7% APRnext payment −$0.14 per $10,000 · paid last 24h −0.067%
Price spread now: Backpack against Coinbase International−0.048%7-day average −0.112% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$420.419% of the position
Funding, last 7 days−0.364%−$36 on $10k
+Price spread, last 4 days (all we have)−0.051%−$5 · spread now −0.048%, 7d avg −0.112%
=The price spread pays, funding is against you. Backpack is 0.064% dearer against Coinbase International than usual: you sell high and buy low (spread −0.048% now, against its 7-day average of −0.112%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 44 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SUI-PERP-INTX | 1.0407 | 0.0216 | pay 0.0027% / 1h | 41m 27s | $994K | $15.0M | 50x |
| Short | Backpack SUI_USDC_PERP | 1.0402 | 0.0100 | get 0.0013% / 1h | 41m 27s | $680K | $1.4M | 20x |
Coinbase International SUI-PERP-INTX
Backpack SUI_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Coinbase International. 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
- −$24.36
- Price spread: −0.048% → −0.112%
- $6.39
- Slippage, 4 orders
- −$21.9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$59.87
- Costs to cover
- 0.419%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 3 min ago; Backpack: 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 Coinbase International live order book, 3 min ago | 3.36 bp | 14.7 bp −$15 | 22.2 bp −$222 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 3 min ago | 0.48 bp | 5.8 bp −$6 | 10.1 bp −$101 | 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 | −0.3244% | 1h | 1.0320 | −0.836% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0375% | 1h | 1.0376 | −0.300% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0296% | 1h | 1.0412 | +0.049% | $6K | $19K | 7x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0401 | −0.056% | $130K | $227K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0383 | −0.235% | $507K | $5.0M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0389 | −0.173% | $202K | $574K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0381 | −0.247% | $113K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0404 | −0.029% | $828K | $5.5M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0397 | −0.093% | $301K | $2.2M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0384 | −0.221% | $40K | $516K | 50x | 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
Lighter SUI
Lighter RH SUI
Popdex SUIUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0396 | −0.110% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0377 | −0.283% | $685K | $1.9M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0392 | −0.142% | $910K | $4.6M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0399 | −0.074% | $225K | $260K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0389 | −0.173% | $151.3M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0391 | −0.155% | $102.7M | $310.6M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0384 | −0.221% | $41.2M | $388.5M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0390 | −0.163% | $44K | $373K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0390 | −0.163% | $244K | $6K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0381 | −0.250% | $165.5M | $83.0M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0383 | −0.231% | $151.3M | $293.9M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0383 | −0.231% | $49.9M | $54.2M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0385 | −0.211% | $67.9M | $171.5M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0382 | −0.240% | — | $82.4M | — | as long as short |
| Backpack SUI_USDC_PERPshort | +0.0100% | 1h | 1.0402 | −0.048% | $680K | $1.4M | 20x | |
| Variational Omni SUI | +0.0100% | 8h | 1.0394 | −0.129% | $2.4M | $3.3M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0418 | +0.102% | $170K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0388 | −0.178% | $452K | $7.7M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0399 | −0.077% | $232K | $486K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0395 | −0.115% | $123K | $756K | 10x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0386 | −0.202% | $48K | $190K | 20x | as long as short |
| Bluefin SUI-PERP | +0.0100% | 1h | 1.0378 | −0.279% | $594K | $401K | 25x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0398 | −0.086% | $2K | $1.8M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0387 | −0.192% | $14K | $2.1M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0405 | −0.019% | $575K | $19.7M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0403 | −0.038% | $12.0M | $26.6M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0388 | −0.185% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0394 | −0.124% | $39K | $11K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0120% | 1h | 1.0385 | −0.211% | $9K | $3K | 10x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0162% | 1h | 1.0404 | −0.027% | $6.9M | $27.0M | 50x | as long as short |
| Coinbase International SUI-PERP-INTXlong | +0.0216% | 1h | 1.0407 | long leg | $994K | $15.0M | 50x | |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0404 | −0.029% | $8.0M | $25.0M | 100x | as long as short |
| Phoenix SUI | +0.0390% | 1h | 1.0414 | +0.067% | $211K | $421K | 10x | as long as short |
| Hyperliquid SUI | +0.0419% | 1h | 1.0391 | −0.154% | $75.4M | $81.6M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0614% / S −0.0267% | 1h | 1.0380 | −0.256% | $959K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1574% | 1h | 1.0409 | +0.018% | $83K | $396K | 10x | as long as short |
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
Bluefin SUI-PERP
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Phemex SUIUSDT
Extended SUI-USD
Aevo SUI-PERP
01 Exchange SUIUSD
Kraken Futures PF_SUIUSD
BloFin SUI-USDT
Phoenix SUI
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD