Funding you earn now, next payment 07:00 UTC+0.0194%/8h= +21.2% APRnext payment +$0.24 per $10,000 · paid last 24h +0.067%
Price spread now: Backpack against Bluefin+0.089%7-day average +0.114% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$370.367% of the position
Funding, last 7 days−0.107%−$11 on $10k
+Price spread, last 4 days (all we have)+0.014%+$1 · spread now +0.089%, 7d avg +0.114%
=Funding pays, the price is against you. Backpack is 0.026% cheaper against Bluefin than usual: you would sell low and buy high (spread +0.089% now, against its 7-day average of +0.114%). If the spread goes back, that is −$3 on $10k: about 11 hours of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.107%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.107% in total (about -5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.24 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bluefin SUI-PERP | 1.0159 | −0.0094 | get 0.0012% / 1h | 3m 14s | $582K | $422K | 25x |
| Short | Backpack SUI_USDC_PERP | 1.0168 | 0.0100 | get 0.0013% / 1h | 3m 14s | $669K | $1.4M | 20x |
Bluefin SUI-PERP
Backpack SUI_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Bluefin. 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
- $40.71
- Price spread: +0.089% → +0.114%
- −$2.57
- Slippage, 4 orders
- −$19.68
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $1.46
- Costs to cover
- 0.367%
- Break-even
- 6.7 days
Slippage from Bluefin: live order book, 41 min ago; Backpack: live order book, 1 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 Bluefin live order book, 41 min ago | 0.99 bp | 12.1 bp −$12 | 56.1 bp −$561 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 1 min ago | 0.49 bp | 5.9 bp −$6 | 14.6 bp −$146 | 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 | −0.3536% | 1h | 1.0106 | −0.522% | $42K | $113K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0380% | 1h | 1.0168 | +0.093% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0264% | 1h | 1.0173 | +0.133% | $5K | $20K | 7x | as long as short |
| Bluefin SUI-PERPlong | −0.0094% | 1h | 1.0159 | long leg | $582K | $422K | 25x | |
| dYdX SUI-USD | 0.0000% | 1h | 1.0179 | +0.197% | $95K | $257K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0191 | +0.317% | $376K | $4.4M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0175 | +0.157% | $196K | $558K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0173 | +0.138% | $115K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0179 | +0.194% | $770K | $5.4M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0180 | +0.210% | $297K | $2.2M | 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 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex SUIUSDT | +0.0096% | 1h | 1.0178 | +0.187% | $39K | $522K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0173 | +0.138% | $47K | $226K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0176 | +0.170% | $27K | $8K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0176 | +0.167% | $690K | $2.2M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0176 | +0.164% | $897K | $4.2M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0179 | +0.200% | $216K | $257K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0175 | +0.162% | $146.4M | $1.00B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0172 | +0.128% | $98.7M | $312.7M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0168 | +0.089% | $41.0M | $371.9M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0180 | +0.207% | $43K | $330K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0183 | +0.241% | $239K | $454 | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0170 | +0.108% | $168.2M | $84.1M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0175 | +0.157% | $153.1M | $293.3M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0176 | +0.167% | $50.1M | $52.4M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0171 | +0.118% | $67.1M | $170.4M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0171 | +0.118% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERPshort | +0.0100% | 1h | 1.0168 | +0.089% | $669K | $1.4M | 20x | |
| Variational Omni SUI | +0.0100% | 8h | 1.0186 | +0.263% | $2.4M | $3.5M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0189 | +0.297% | $164K | $4.4M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0181 | +0.218% | $448K | $7.1M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0195 | +0.354% | $224K | $377K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0184 | +0.246% | $126K | $573K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0193 | +0.335% | $2K | $1.6M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0176 | +0.167% | $6K | $1.8M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0175 | +0.157% | $630K | $18.4M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0178 | +0.187% | $11.7M | $28.2M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0169 | +0.099% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0171 | +0.117% | $39K | $11K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0184% | 1h | 1.0182 | +0.226% | $8K | $3K | 10x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0175 | +0.157% | $7.6M | $24.5M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0280% | 1h | 1.0193 | +0.335% | $1.0M | $14.5M | 50x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0365% | 1h | 1.0177 | +0.179% | $6.8M | $21.9M | 50x | as long as short |
| Hyperliquid SUI | +0.0365% | 1h | 1.0181 | +0.217% | $73.4M | $80.3M | 10x | as long as short |
| Phoenix SUI | +0.0431% | 1h | 1.0200 | +0.403% | $202K | $413K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0601% / S −0.0263% | 1h | 1.0170 | +0.112% | $935K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1355% | 1h | 1.0184 | +0.242% | $82K | $409K | 10x | as long as short |
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-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
Phemex SUIUSDT
Extended SUI-USD
Aevo SUI-PERP
01 Exchange SUIUSD
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Kraken Futures PF_SUIUSD
Hyperliquid SUI
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD