Funding you earn now, next payment 04:00 UTC−0.0148%/8h= −16.2% APRnext payment −$0.19 per $10,000 · paid last 24h −0.065%
Price spread now: Backpack against Coinbase International−0.308%7-day average −0.112% · you buy dearer than you sell
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$440.436% of the position
Funding, last 7 days−0.367%−$37 on $10k
+Price spread, last 4 days (all we have)+0.209%+$21 · spread now −0.308%, 7d avg −0.112%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Backpack is 0.196% cheaper against Coinbase International than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.112%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SUI-PERP-INTX | 1.0405 | 0.0248 | pay 0.0031% / 1h | 51m 48s | $1.0M | $15.1M | 50x |
| Short | Backpack SUI_USDC_PERP | 1.0373 | 0.0100 | get 0.0013% / 1h | 51m 48s | $655K | $1.4M | 20x |
Coinbase International SUI-PERP-INTX
Backpack SUI_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Coinbase International. 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
- −$31.08
- Price spread: −0.308% → −0.112%
- −$19.56
- Slippage, 4 orders
- −$23.56
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$94.2
- Costs to cover
- 0.436%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 2 min ago; Backpack: 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 Coinbase International live order book, 2 min ago | 3.37 bp | 17.1 bp −$17 | 22.6 bp −$226 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 2 min ago | 0.48 bp | 7.6 bp −$8 | 17.2 bp −$172 | 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 | −0.3470% | 1h | 1.0250 | −1.490% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0376% | 1h | 1.0386 | −0.183% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0304% | 1h | 1.0389 | −0.158% | $6K | $19K | 7x | as long as short |
| Kraken Futures PF_SUIUSD | −0.0066% | 1h | 1.0375 | −0.291% | $6.8M | $26.8M | 50x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0350 | −0.527% | $130K | $227K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0383 | −0.210% | $498K | $5.0M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0379 | −0.250% | $202K | $572K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0383 | −0.211% | $116K | — | 150x | as long as short |
| Bluefin SUI-PERP | +0.0021% | 1h | 1.0365 | −0.384% | $593K | $406K | 25x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0364 | −0.392% | $801K | $5.4M | 10x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
Kraken Futures PF_SUIUSD
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Bluefin SUI-PERP
Lighter SUIShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH SUI | +0.0096% | 1h | 1.0368 | −0.360% | $299K | $2.2M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0390 | −0.144% | $43K | $515K | 50x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0358 | −0.456% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0384 | −0.197% | $587K | $2.1M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0376 | −0.282% | $908K | $4.6M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0357 | −0.463% | $224K | $259K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0351 | −0.519% | $150.0M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0355 | −0.481% | $101.7M | $309.8M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0352 | −0.509% | $40.6M | $388.0M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0400 | −0.048% | $44K | $330K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0369 | −0.346% | $244K | $5K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0367 | −0.365% | $169.9M | $80.9M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0369 | −0.346% | $152.6M | $292.0M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0372 | −0.317% | $50.0M | $53.9M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0361 | −0.423% | $67.7M | $172.5M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0368 | −0.356% | — | $82.1M | — | as long as short |
| Backpack SUI_USDC_PERPshort | +0.0100% | 1h | 1.0373 | −0.308% | $655K | $1.4M | 20x | |
| Variational Omni SUI | +0.0100% | 8h | 1.0363 | −0.407% | $2.5M | $3.4M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0356 | −0.469% | $170K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0356 | −0.473% | $452K | $7.6M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0362 | −0.413% | $228K | $429K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0397 | −0.077% | $124K | $745K | 10x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0379 | −0.250% | $48K | $142K | 20x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0374 | −0.298% | $2K | $1.7M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0378 | −0.259% | $14K | $2.1M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0368 | −0.356% | $584K | $19.7M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0373 | −0.308% | $11.9M | $26.9M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0367 | −0.364% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0385 | −0.197% | $39K | $11K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0136% | 1h | 1.0401 | −0.038% | $9K | $2K | 10x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0397 | −0.077% | $7.9M | $24.9M | 100x | as long as short |
| Coinbase International SUI-PERP-INTXlong | +0.0248% | 1h | 1.0405 | long leg | $1.0M | $15.1M | 50x | |
| Phoenix SUI | +0.0408% | 1h | 1.0389 | −0.157% | $211K | $415K | 10x | as long as short |
| Hyperliquid SUI | +0.0420% | 1h | 1.0378 | −0.259% | $75.1M | $81.4M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0613% / S −0.0267% | 1h | 1.0382 | −0.221% | $960K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1487% | 1h | 1.0385 | −0.197% | $83K | $402K | 10x | as long as short |
Lighter RH SUI
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
Aevo SUI-PERP
01 Exchange SUIUSD
BloFin SUI-USDT
Phoenix SUI
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD