Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.007%

Price spread now: MEXC against Backpack0.000%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$190.187% of the position

Long on Backpack Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$5 on $10k

Price spread, last 4 days (all we have)+0.032%+$3 · spread now 0.000%, 7d avg −0.001%

Together, before fees−0.013%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack SUI_USDC_PERP	1.0513	0.0100	pay 0.0013% / 1h	35m 12s	$679K	$1.1M	20x
Short	MEXC SUI_USDT	1.0513	0.0100	get 0.0100% / 8h	7h 35m	$154.7M	$293.1M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Backpack. 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 BackpackbpFee MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.001%: $0.06
Slippage, 4 orders: −$8.66
Fee Backpack: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$18.6
Costs to cover: 0.187%
Break-even: never at this rate

Slippage from Backpack: live order book, 4 min ago; MEXC: live order book, 4 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, 4 min ago	0.48 bp	5.5 bp −$5	7.5 bp −$75	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	2.39 bp	3.9 bp −$4	6.3 bp −$63	23.4 bp −$2,335	98.3 bp −$49.1K

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	1.0330	−1.741%	$42K	$123K	12x	as long as short
Bluefin SUI-PERP	−0.0710%	1h	1.0495	−0.171%	$602K	$410K	25x	as long as short
Hibachi SUI/USDT-P	−0.0424%	1h	1.0484	−0.273%	$6K	$19K	7x	as long as short
Reya SUIRUSDPERP	−0.0371%	1h	1.0499	−0.128%	$4K	$3K	20x	as long as short
Phemex SUIUSDT	−0.0059%	8h	1.0508	−0.048%	$11.8M	$25.1M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0495	−0.171%	$96K	$169K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0494	−0.183%	$482K	$5.0M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0511	−0.019%	$204K	$583K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0510	−0.029%	$121K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0038%	1h	1.0514	+0.009%	$7.3M	$23.9M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SUIUSD	+0.0072%	1h	1.0509	−0.038%	$9K	$9K	10x	as long as short
Lighter SUI	+0.0096%	1h	1.0515	+0.015%	$816K	$5.8M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0511	−0.024%	$272K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0498	−0.143%	$33K	$481K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0508	−0.048%	$47K	$314K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0494	−0.182%	$28K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0504	−0.086%	$666K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0504	−0.088%	$998K	$4.8M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0495	−0.173%	$228K	$256K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0511	−0.021%	$156.1M	$1.02B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0514	+0.012%	$105.3M	$304.8M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0512	−0.010%	$41.9M	$387.8M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0510	−0.029%	$47K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0450	−0.603%	$246K	$813	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0513	0.000%	$169.1M	$80.6M	50x	as long as short
MEXC SUI_USDTshort	+0.0100%	8h	1.0513	0.000%	$154.7M	$293.1M	300x
KuCoin SUIUSDTM	+0.0100%	8h	1.0503	−0.095%	$51.3M	$52.7M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0514	+0.010%	$69.3M	$165.8M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0514	+0.010%	—	$81.4M	—	as long as short
Backpack SUI_USDC_PERPlong	+0.0100%	1h	1.0513	long leg	$679K	$1.1M	20x
Variational Omni SUI	+0.0100%	8h	1.0488	−0.239%	$2.4M	$2.9M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0449	−0.611%	$170K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0444	−0.656%	$452K	$7.3M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0479	−0.323%	$241K	$479K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0512	−0.010%	$120K	$757K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0514	+0.010%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0508	−0.048%	$6K	$2.3M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0502	−0.105%	$649K	$18.5M	75x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0505	−0.077%	$1.5M	$3.9M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0513	−0.002%	$40K	$16K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0200%	1h	1.0508	−0.048%	$998K	$14.4M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0518	+0.048%	$8.1M	$24.2M	100x	as long as short
Phoenix SUI	+0.0299%	1h	1.0503	−0.090%	$208K	$590K	10x	as long as short
Hyperliquid SUI	+0.0388%	1h	1.0529	+0.152%	$76.7M	$78.9M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0640% / S −0.0324%	1h	1.0511	−0.019%	$914K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0870%	1h	1.0465	−0.458%	$93K	$368K	10x	as long as short