SUI

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Popdex against Backpack+0.058%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$310.306% of the position

Long on Backpack Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.058%, 7d avg +0.009%

Together, before fees−0.034%−$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: Popdex is 0.048% dearer against Backpack than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.009%.

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	2m 14s	$710K	$1.2M	20x
Short	Popdex SUIUSDT	1.0399	0.0096	get 0.0012% / 1h	2m 14s	$31K	$501K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now +0.058%Rate

Funding earned: −$0.84
Price spread: +0.058% → +0.009%: $4.83
Slippage, 4 orders: −$14.19
Fee Backpack: 5 bp × 2 orders: −$10
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$26.6
Costs to cover: 0.306%
Break-even: never at this rate

Slippage from Backpack: live order book, 2 min ago; Popdex: live order book, 2 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	7.7 bp −$8	13.4 bp −$134	doesn't fit	doesn't fit
Sell Popdex live order book, 2 min ago	2.40 bp	8.6 bp −$9	31.5 bp −$315	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	−0.4499%	1h	1.0252	−1.357%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0373%	1h	1.0400	+0.071%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0280%	1h	1.0404	+0.109%	$6K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0386	−0.066%	$95K	$169K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0413	+0.191%	$521K	$4.9M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0397	+0.038%	$202K	$577K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0404	+0.102%	$114K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0011%	1h	1.0398	+0.050%	$6.8M	$27.0M	50x	as long as short
Bluefin SUI-PERP	+0.0059%	1h	1.0386	−0.067%	$594K	$414K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0397	+0.036%	$820K	$5.7M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SUI	+0.0096%	1h	1.0399	+0.062%	$277K	$2.1M	10x	as long as short
Popdex SUIUSDTshort	+0.0096%	1h	1.0399	+0.058%	$31K	$501K	50x
Paradex SUI-USD-PERP	+0.0100%	8h	1.0396	+0.032%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0395	+0.019%	$719K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0406	+0.122%	$913K	$4.8M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0389	−0.040%	$227K	$268K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0394	+0.006%	$152.0M	$1.04B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0395	+0.022%	$103.2M	$309.9M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0395	+0.019%	$41.0M	$387.0M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0400	+0.067%	$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	1.0395	+0.019%	$164.6M	$84.7M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0393	0.000%	$150.8M	$301.5M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0395	+0.019%	$50.7M	$53.8M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0390	−0.029%	$67.6M	$170.1M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0395	+0.019%	—	$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	1.0364	−0.282%	$2.4M	$3.2M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0360	−0.319%	$169K	$4.7M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0371	−0.213%	$446K	$7.4M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0357	−0.346%	$236K	$472K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0411	+0.173%	$121K	$722K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0398	+0.048%	$47K	$243K	20x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0422	+0.279%	$3K	$1.8M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0395	+0.019%	$6K	$2.1M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0406	+0.125%	$599K	$19.9M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0394	+0.010%	$11.6M	$25.9M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0391	−0.015%	$1.4M	$4.1M	50x	as long as short
01 Exchange SUIUSD	+0.0104%	1h	1.0399	+0.058%	$9K	$3K	10x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0399	+0.058%	$39K	$16K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0152%	1h	1.0412	+0.183%	$983K	$14.6M	50x	as long as short
Phoenix SUI	+0.0221%	1h	1.0371	−0.209%	$206K	$595K	10x	as long as short
Hyperliquid SUI	+0.0304%	1h	1.0409	+0.154%	$75.0M	$80.1M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0627% / S −0.0278%	1h	1.0402	+0.087%	$981K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1099%	1h	1.0397	+0.039%	$83K	$383K	10x	as long as short