Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Backpack against Lighter−0.078%7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$240.237% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 7 days−0.031%−$3 · spread now −0.078%, 7d avg −0.058%
=Together, before fees−0.031%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.020% cheaper against Lighter than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.058%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter SUI | 1.0266 | 0.0096 | pay 0.0012% / 1h | 27m 38s | $785K | $5.4M | 10x |
| Short | Backpack SUI_USDC_PERP | 1.0258 | 0.0100 | get 0.0013% / 1h | 27m 38s | $648K | $1.3M | 20x |
Lighter SUI
Backpack SUI_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Lighter. 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
- $0.84
- Price spread: −0.078% → −0.058%
- −$2.04
- Slippage, 4 orders
- −$13.71
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$24.91
- Costs to cover
- 0.237%
- Break-even
- 214.5 days
Slippage from Lighter: live order book, 10 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 Lighter live order book, 10 min ago | 1.69 bp | 5.9 bp −$6 | 14.4 bp −$144 | 99.8 bp −$9,978 | doesn't fit |
| Sell Backpack live order book, 1 min ago | 0.49 bp | 5.8 bp −$6 | 21.0 bp −$210 | 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 | −0.3470% | 1h | 1.0224 | −0.409% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0377% | 1h | 1.0263 | −0.027% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0200% | 1h | 1.0296 | +0.289% | $6K | $19K | 7x | as long as short |
| Kraken Futures PF_SUIUSD | −0.0067% | 1h | 1.0264 | −0.020% | $6.7M | $26.7M | 50x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0261 | −0.049% | $129K | $227K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0287 | +0.205% | $493K | $5.1M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0264 | −0.019% | $199K | $572K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0002% / S −0.0002% | 1h | 1.0262 | −0.039% | $132K | — | 150x | as long as short |
| Bluefin SUI-PERP | +0.0047% | 1h | 1.0253 | −0.127% | $588K | $407K | 25x | as long as short |
| Lighter SUIlong | +0.0096% | 1h | 1.0266 | long leg | $785K | $5.4M | 10x |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
Kraken Futures PF_SUIUSD
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Bluefin SUI-PERPShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH SUI | +0.0096% | 1h | 1.0266 | 0.000% | $306K | $2.2M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0262 | −0.039% | $44K | $516K | 50x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0263 | −0.025% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0261 | −0.049% | $580K | $2.1M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0262 | −0.034% | $886K | $4.5M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0265 | −0.011% | $222K | $254K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0262 | −0.037% | $148.2M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0262 | −0.039% | $100.9M | $308.1M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0260 | −0.058% | $40.3M | $384.4M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0260 | −0.058% | $44K | $330K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0310 | +0.429% | $242K | $5K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0261 | −0.049% | $166.6M | $81.8M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0263 | −0.029% | $152.4M | $294.4M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0262 | −0.039% | $50.2M | $54.1M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0258 | −0.078% | $67.2M | $173.1M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0263 | −0.029% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERPshort | +0.0100% | 1h | 1.0258 | −0.078% | $648K | $1.3M | 20x | |
| Variational Omni SUI | +0.0100% | 8h | 1.0342 | +0.737% | $2.5M | $3.4M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0302 | +0.352% | $167K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0290 | +0.234% | $444K | $7.6M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0336 | +0.682% | $226K | $431K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0276 | +0.097% | $123K | $735K | 10x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0264 | −0.019% | $47K | $164K | 20x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0336 | +0.682% | $2K | $1.7M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0266 | 0.000% | $14K | $2.0M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0264 | −0.019% | $585K | $19.5M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0266 | 0.000% | $11.8M | $27.0M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0259 | −0.073% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0263 | −0.029% | $39K | $11K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0152% | 1h | 1.0264 | −0.019% | $9K | $3K | 10x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0300 | +0.331% | $7.8M | $24.7M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0248% | 1h | 1.0270 | +0.039% | $976K | $15.0M | 50x | as long as short |
| Hyperliquid SUI | +0.0395% | 1h | 1.0275 | +0.088% | $74.2M | $81.0M | 10x | as long as short |
| Phoenix SUI | +0.0408% | 1h | 1.0326 | +0.582% | $209K | $415K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0609% / S −0.0266% | 1h | 1.0262 | −0.039% | $950K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1508% | 1h | 1.0313 | +0.457% | $82K | $402K | 10x | as long as short |
Lighter RH SUI
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-USDC
Variational Omni SUI
edgeX SUIUSDC
GRVT SUI_USDT_Perp
ApeX Omni SUIUSDT
Polymarket Perps SUI-USD
Orderly PERP_SUI_USDC
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Phemex SUIUSDT
Extended SUI-USD
Aevo SUI-PERP
01 Exchange SUIUSD
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Hyperliquid SUI
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD