Funding you earn now, next payment 00:00 UTC−0.3574%/8h= −391.3% APRnext payment −$4.47 per $10,000 · paid last 24h −0.689%
Price spread now: Injective against Backpack−1.721%72s7-day average −0.234% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−2.045%−$205 on $10k
+Price spread, last 3 days (all we have)+1.446%+$145 · spread now −1.721%, 7d avg −0.234%
=Both sides work against this trade now: funding costs −$107 a day on $10k at the current rate, and Injective is 1.487% cheaper against Backpack than usual: you would sell low and buy high (−$149 if the spread goes back to its 7-day average of −0.234%). Swap the legs. The two prices were read 72 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 | Backpack SUI_USDC_PERP | 1.0345 | 0.0100 | pay 0.0013% / 1h | 47m 56s | $659K | $1.1M | 20x |
| Short | Injective SUI/USDC PERP | 1.0167 | −0.3474 | pay 0.0434% / 1h | 47m 56s | $42K | $123K | 12x |
Backpack SUI_USDC_PERP
Injective SUI/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$750.47
- Price spread: −1.721% → −0.234%
- −$148.69
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$909.17
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 1 min ago; Injective: live order book, 31 min ago. Net counts fees only.
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, 1 min ago | 0.48 bp | 5.5 bp −$5 | 8.0 bp −$80 | doesn't fit | doesn't fit |
| Sell Injective live order book, 31 min ago | 58.78 bp | doesn't fit | doesn't fit | 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 PERPshort | −0.3474% | 1h | 1.0167 | −1.721% | $42K | $123K | 12x | |
| Reya SUIRUSDPERP | −0.0369% | 1h | 1.0344 | −0.012% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0328% | 1h | 1.0352 | +0.072% | $6K | $19K | 7x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0355 | +0.093% | $94K | $66K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0354 | +0.086% | $462K | $5.4M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0349 | +0.039% | $201K | $581K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0002% | 1h | 1.0347 | +0.020% | $120K | — | 150x | as long as short |
| Bluefin SUI-PERP | +0.0012% | 1h | 1.0334 | −0.106% | $592K | $405K | 25x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0350 | +0.046% | $796K | $5.9M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0351 | +0.057% | $261K | $2.0M | 10x | as long as short |
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Bluefin SUI-PERP
Lighter SUI
Lighter RH SUIShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUIUSD | +0.0096% | 1h | 1.0350 | +0.048% | $9K | $9K | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0347 | +0.019% | $38K | $496K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0099% | 8h | 1.0346 | +0.010% | $46K | $330K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0352 | +0.066% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0343 | −0.019% | $597K | $1.4M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0349 | +0.037% | $1.0M | $4.6M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0355 | +0.100% | $225K | $260K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0346 | +0.010% | $152.1M | $1.02B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0349 | +0.035% | $103.8M | $306.8M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0345 | 0.000% | $41.3M | $386.1M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0350 | +0.048% | $46K | $387K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0371 | +0.250% | $244K | $2K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0344 | −0.010% | $166.0M | $80.8M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0346 | +0.010% | $149.7M | $289.5M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0345 | 0.000% | $51.7M | $52.2M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0346 | +0.010% | $67.9M | $168.8M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0344 | −0.010% | — | $81.6M | — | as long as short |
| Backpack SUI_USDC_PERPlong | +0.0100% | 1h | 1.0345 | long leg | $659K | $1.1M | 20x | |
| Variational Omni SUI | +0.0100% | 8h | 1.0354 | +0.089% | $2.3M | $2.8M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0350 | +0.045% | $169K | $4.4M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0366 | +0.200% | $446K | $6.9M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0357 | +0.116% | $235K | $442K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0353 | +0.077% | $108K | $780K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0358 | +0.126% | $2K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0346 | +0.010% | $8K | $2.4M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0347 | +0.019% | $641K | $18.5M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0346 | +0.010% | $11.6M | $24.8M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0347 | +0.016% | $1.4M | $3.8M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0350 | +0.048% | $49K | $37K | 3x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0342 | −0.029% | $7.9M | $24.1M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0224% | 1h | 1.0359 | +0.135% | $986K | $14.0M | 50x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0273% | 1h | 1.0351 | +0.056% | $7.2M | $24.1M | 50x | as long as short |
| Phoenix SUI | +0.0327% | 1h | 1.0364 | +0.184% | $205K | $593K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0639% / S −0.0309% | 1h | 1.0342 | −0.028% | $903K | — | 100x | as long as short |
| Hyperliquid SUI | +0.0688% | 1h | 1.0364 | +0.184% | $74.7M | $80.7M | 10x | as long as short |
| Aftermath Perps SUIUSD | +0.0809% | 1h | 1.0342 | −0.028% | $94K | $381K | 10x | as long as short |
01 Exchange SUIUSD
Popdex SUIUSDT
Orderly PERP_SUI_USDC
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
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Phemex SUIUSDT
Extended SUI-USD
Aevo SUI-PERP
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Kraken Futures PF_SUIUSD
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Hyperliquid SUI
Aftermath Perps SUIUSD