Funding you earn now, next payment 03:00 UTC−0.0124%/8h= −13.6% APRnext payment −$0.15 per $10,000 · paid last 24h −0.080%
Price spread now: Bluefin against Backpack−0.366%7-day average −0.113% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$430.432% of the position
Funding, last 7 days+0.110%+$11 on $10k
+Price spread, last 3 days (all we have)+0.282%+$28 · spread now −0.366%, 7d avg −0.113%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bluefin is 0.252% cheaper against Backpack than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.113%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.110%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack SUI_USDC_PERP | 1.0393 | 0.0100 | pay 0.0013% / 1h | 56m 53s | $710K | $1.2M | 20x |
| Short | Bluefin SUI-PERP | 1.0355 | −0.0024 | pay 0.0003% / 1h | 56m 53s | $593K | $412K | 25x |
Backpack SUI_USDC_PERP
Bluefin SUI-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bluefin against Backpack. 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
- −$26.02
- Price spread: −0.366% → −0.113%
- −$25.24
- Slippage, 4 orders
- −$26.23
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Net
- −$94.49
- Costs to cover
- 0.432%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 2 min ago; Bluefin: live order book, 7 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 Backpack live order book, 2 min ago | 0.48 bp | 6.7 bp −$7 | 17.6 bp −$176 | doesn't fit | doesn't fit |
| Sell Bluefin live order book, 7 min ago | 2.40 bp | 13.2 bp −$13 | 58.8 bp −$588 | doesn't fit | doesn't fit |
SUI on 45 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 | −0.3542% | 1h | 1.0252 | −1.357% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0373% | 1h | 1.0358 | −0.337% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0264% | 1h | 1.0366 | −0.263% | $6K | $19K | 7x | as long as short |
| Bluefin SUI-PERPshort | −0.0024% | 1h | 1.0355 | −0.366% | $593K | $412K | 25x | |
| dYdX SUI-USD | 0.0000% | 1h | 1.0352 | −0.395% | $94K | $168K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0370 | −0.222% | $509K | $4.8M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0370 | −0.221% | $201K | $576K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0368 | −0.243% | $113K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0370 | −0.219% | $818K | $5.5M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0392 | −0.013% | $277K | $2.1M | 10x | 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 SUIShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex SUIUSDT | +0.0096% | 1h | 1.0357 | −0.346% | $31K | $498K | 50x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0355 | −0.363% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0356 | −0.356% | $715K | $1.9M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0390 | −0.026% | $911K | $4.8M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0359 | −0.327% | $226K | $266K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0435 | +0.400% | $152.6M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0437 | +0.420% | $103.6M | $308.5M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0438 | +0.433% | $41.2M | $386.7M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0360 | −0.318% | $44K | $373K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0351 | −0.404% | $243K | $4K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0414 | +0.202% | $164.8M | $82.2M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0418 | +0.241% | $151.2M | $289.3M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0412 | +0.183% | $50.7M | $53.7M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0434 | +0.394% | $67.9M | $168.5M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0428 | +0.337% | — | $82.1M | — | as long as short |
| Backpack SUI_USDC_PERPlong | +0.0100% | 1h | 1.0393 | long leg | $710K | $1.2M | 20x | |
| Variational Omni SUI | +0.0100% | 8h | 1.0383 | −0.099% | $2.4M | $3.2M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0383 | −0.101% | $169K | $4.7M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0370 | −0.221% | $453K | $7.5M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0361 | −0.308% | $236K | $470K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0371 | −0.212% | $121K | $729K | 10x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0367 | −0.250% | $47K | $241K | 20x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0367 | −0.250% | $2K | $1.8M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0369 | −0.231% | $6K | $2.1M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0377 | −0.154% | $591K | $19.8M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0374 | −0.183% | $11.6M | $25.9M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0405 | +0.111% | $1.4M | $4.0M | 50x | as long as short |
| 01 Exchange SUIUSD | +0.0104% | 1h | 1.0360 | −0.318% | $9K | $3K | 10x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0373 | −0.196% | $39K | $11K | 3x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0176% | 1h | 1.0357 | −0.346% | $969K | $14.5M | 50x | as long as short |
| Phoenix SUI | +0.0221% | 1h | 1.0385 | −0.076% | $206K | $561K | 10x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0290% | 1h | 1.0371 | −0.215% | $6.8M | $26.9M | 50x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0616% / S −0.0272% | 1h | 1.0368 | −0.239% | $964K | — | 100x | as long as short |
| Hyperliquid SUI | +0.0813% | 1h | 1.0451 | +0.558% | $75.4M | $80.3M | 10x | as long as short |
| Aftermath Perps SUIUSD | +0.1164% | 1h | 1.0385 | −0.075% | $82K | $383K | 10x | as long as short |
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-USDT
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
01 Exchange SUIUSD
Aevo SUI-PERP
Coinbase International SUI-PERP-INTX
Phoenix SUI
Kraken Futures PF_SUIUSD
GMX SUI/USD [ETH-USDC]
Hyperliquid SUI
Aftermath Perps SUIUSD