Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%
Price spread now: Backpack against Phemex−0.128%53s7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$310.307% of the position
Funding, last 7 days+0.099%+$10 on $10k
+Price spread, last 4 days (all we have)+0.114%+$11 · spread now −0.128%, 7d avg −0.020%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.108% cheaper against Phemex than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.020%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex SUIUSDT | 1.0142 | 0.0100 | pay 0.0100% / 8h | 19m 19s | $11.7M | $28.2M | 50x |
| Short | Backpack SUI_USDC_PERP | 1.0129 | 0.0100 | get 0.0013% / 1h | 19m 19s | $672K | $1.3M | 20x |
Phemex SUIUSDT
Backpack SUI_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Phemex. 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
- Price spread: −0.128% → −0.020%
- −$10.83
- Slippage, 4 orders
- −$8.68
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$41.51
- Costs to cover
- 0.307%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; Backpack: live order book, 5 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 Phemex live order book, 5 min ago | 0.50 bp | 9.0 bp −$9 | 19.9 bp −$199 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 5 min ago | 0.50 bp | 5.7 bp −$6 | 15.0 bp −$150 | 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 | −0.2780% | 1h | 0.9983 | −1.568% | $41K | $113K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0381% | 1h | 1.0144 | +0.020% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0304% | 1h | 1.0110 | −0.320% | $5K | $19K | 7x | as long as short |
| Bluefin SUI-PERP | −0.0162% | 1h | 1.0139 | −0.030% | $581K | $442K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0136 | −0.057% | $95K | $257K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0142 | +0.004% | $387K | $4.3M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0153 | +0.108% | $195K | $555K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0149 | +0.064% | $114K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0153 | +0.107% | $755K | $5.1M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0153 | +0.113% | $297K | $2.2M | 10x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
Bluefin SUI-PERP
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Lighter SUI
Lighter RH SUIShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex SUIUSDT | +0.0096% | 1h | 1.0146 | +0.039% | $42K | $527K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0149 | +0.069% | $47K | $251K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0138 | −0.037% | $27K | $8K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0137 | −0.044% | $675K | $2.2M | 10x | as long as short |
| Hyperliquid SUI | +0.0100% | 1h | 1.0156 | +0.138% | $73.2M | $77.7M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0150 | +0.079% | $901K | $4.2M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0139 | −0.027% | $216K | $253K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0152 | +0.099% | $146.1M | $991.9M | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0147 | +0.049% | $97.7M | $310.6M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0150 | +0.079% | $40.9M | $368.2M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0140 | −0.020% | $43K | $325K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0147 | +0.053% | $232K | $7K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0148 | +0.059% | $167.8M | $82.3M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0149 | +0.069% | $128.1M | $288.5M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0147 | +0.049% | $50.0M | $52.0M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0147 | +0.049% | $67.0M | $168.8M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0149 | +0.069% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERPshort | +0.0100% | 1h | 1.0129 | −0.128% | $672K | $1.3M | 20x | |
| Variational Omni SUI | +0.0100% | 8h | 1.0108 | −0.338% | $2.4M | $3.4M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0104 | −0.373% | $162K | $4.3M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0114 | −0.279% | $442K | $7.1M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0114 | −0.276% | $204K | $370K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0153 | +0.108% | $122K | $535K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0163 | +0.207% | $3K | $1.6M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0151 | +0.089% | $6K | $1.7M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0148 | +0.059% | $638K | $18.4M | 75x | as long as short |
| Phemex SUIUSDTlong | +0.0100% | 8h | 1.0142 | long leg | $11.7M | $28.2M | 50x | |
| Extended SUI-USD | +0.0104% | 1h | 1.0146 | +0.043% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0145 | +0.031% | $39K | $11K | 3x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0119% | 1h | 1.0152 | +0.102% | $6.8M | $21.6M | 50x | as long as short |
| 01 Exchange SUIUSD | +0.0136% | 1h | 1.0150 | +0.079% | $8K | $3K | 10x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0152 | +0.099% | $7.6M | $24.4M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0328% | 1h | 1.0146 | +0.039% | $1.0M | $14.3M | 50x | as long as short |
| Phoenix SUI | +0.0393% | 1h | 1.0126 | −0.160% | $201K | $400K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0600% / S −0.0263% | 1h | 1.0127 | −0.144% | $931K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1274% | 1h | 1.0123 | −0.184% | $82K | $409K | 10x | as long as short |
Popdex SUIUSDT
Orderly PERP_SUI_USDC
Paradex SUI-USD-PERP
Nado SUI-PERP
Hyperliquid SUI
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
Kraken Futures PF_SUIUSD
01 Exchange SUIUSD
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD