SUI

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0562%/8h= −61.6% APRnext payment −$0.70 per $10,000 · paid last 24h −0.084%

Price spread now: Bluefin against Kraken Futures−0.191%7-day average −0.146% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$500.499% of the position

Long on Kraken Futures Short on Bluefin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 3 days (all we have)+0.064%+$6 · spread now −0.191%, 7d avg −0.146%

Together, before fees+0.123%+$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Bluefin is 0.045% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.146%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.059%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.059% in total (about 3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.70 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	Kraken Futures PF_SUIUSD	1.0683	0.0037	pay 0.0005% / 1h	22m 07s	$7.4M	$24.1M	50x
Short	Bluefin SUI-PERP	1.0663	−0.0525	pay 0.0066% / 1h	22m 07s	$612K	$409K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bluefin against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee BluefinbpOrdersPrice spread, now −0.191%Rate

Funding earned: −$118.09
Price spread: −0.191% → −0.146%: −$4.48
Slippage, 4 orders: −$32.94
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bluefin: 3.5 bp × 2 orders: −$7
Net: −$172.51
Costs to cover: 0.499%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; Bluefin: live order book, 52 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 Kraken Futures live order book, 2 min ago	3.75 bp	12.0 bp −$12	19.4 bp −$194	43.5 bp −$4,352	doesn't fit
Sell Bluefin live order book, 52 min ago	2.42 bp	14.2 bp −$14	58.0 bp −$580	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	1.0391	−2.737%	$43K	$123K	12x	as long as short
Bluefin SUI-PERPshort	−0.0525%	1h	1.0663	−0.191%	$612K	$409K	25x
Hibachi SUI/USDT-P	−0.0464%	1h	1.0652	−0.290%	$6K	$18K	7x	as long as short
Reya SUIRUSDPERP	−0.0371%	1h	1.0675	−0.079%	$4K	$3K	20x	as long as short
Phemex SUIUSDT	−0.0301%	8h	1.0674	−0.088%	$12.0M	$25.2M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0698	+0.140%	$98K	$169K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0680	−0.029%	$519K	$4.9M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0679	−0.041%	$207K	$582K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0677	−0.062%	$118K	—	150x	as long as short
Kraken Futures PF_SUIUSDlong	+0.0037%	1h	1.0683	long leg	$7.4M	$24.1M	50x

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SUIUSD	+0.0072%	1h	1.0666	−0.163%	$9K	$9K	10x	as long as short
Lighter SUI	+0.0096%	1h	1.0679	−0.042%	$833K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0678	−0.047%	$280K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0665	−0.172%	$31K	$481K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0677	−0.060%	$49K	$312K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0715	+0.295%	$28K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0665	−0.172%	$681K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0683	+0.001%	$1.0M	$4.8M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0684	+0.010%	$232K	$253K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0690	+0.058%	$159.0M	$1.02B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0686	+0.020%	$106.7M	$305.5M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0679	−0.041%	$42.7M	$395.2M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0670	−0.125%	$47K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0564	−1.116%	$248K	$1K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0677	−0.060%	$174.8M	$81.6M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0689	+0.053%	$155.6M	$297.7M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0674	−0.088%	$52.1M	$52.7M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0683	−0.003%	$69.9M	$167.4M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0687	+0.034%	—	$81.8M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0682	−0.013%	$682K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0638	−0.427%	$2.4M	$2.9M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0641	−0.395%	$175K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0647	−0.340%	$464K	$7.2M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0557	−1.183%	$235K	$493K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0686	+0.025%	$121K	$749K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0687	+0.034%	$3K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0674	−0.088%	$6K	$2.2M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0671	−0.116%	$654K	$18.8M	75x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0674	−0.087%	$1.5M	$3.9M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0675	−0.074%	$41K	$16K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0200%	1h	1.0678	−0.050%	$1.0M	$14.7M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0650	−0.312%	$8.1M	$24.9M	100x	as long as short
Phoenix SUI	+0.0299%	1h	1.0647	−0.345%	$211K	$590K	10x	as long as short
Hyperliquid SUI	+0.0420%	1h	1.0704	+0.193%	$77.5M	$78.8M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0633% / S −0.0314%	1h	1.0678	−0.051%	$911K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0895%	1h	1.0610	−0.688%	$78K	$379K	10x	as long as short