Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.006%
Price spread now: Backpack against Deribit0.000%7-day average −0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$270.266% of the position
Funding, last 7 days+0.009%+$1 on $10k
+Price spread, last 3 days (all we have)−0.090%−$9 · spread now 0.000%, 7d avg −0.045%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Backpack is 0.045% dearer against Deribit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.045%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit SUI_USDC-PERPETUAL | 1.0268 | 0 | get 0.0000% / 1h | 28m 39s | $190K | $562K | 25x |
| Short | Backpack SUI_USDC_PERP | 1.0268 | 0.0100 | get 0.0013% / 1h | 28m 39s | $651K | $1.1M | 20x |
Deribit SUI_USDC-PERPETUAL
Backpack SUI_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Deribit. 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
- $21
- Price spread: 0.000% → −0.045%
- $4.46
- Slippage, 4 orders
- −$9.6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$1.14
- Costs to cover
- 0.266%
- Break-even
- 7.4 days
Slippage from Deribit: live order book, 55 min ago; Backpack: live order book, just now.
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 Deribit live order book, 55 min ago | 3.44 bp | 7.7 bp −$8 | 14.5 bp −$145 | doesn't fit | doesn't fit |
| Sell Backpack live order book, just now | 0.49 bp | 5.5 bp −$5 | 8.1 bp −$81 | 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 | −0.2926% | 1h | 1.0179 | −0.867% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0368% | 1h | 1.0262 | −0.055% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0160% | 1h | 1.0240 | −0.271% | $6K | $19K | 7x | as long as short |
| Bluefin SUI-PERP | −0.0135% | 1h | 1.0253 | −0.146% | $587K | $406K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0267 | −0.013% | $94K | $66K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0241 | −0.266% | $457K | $5.5M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUALlong | 0.0000% | 1h | 1.0268 | long leg | $190K | $562K | 25x | |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0002% | 1h | 1.0265 | −0.028% | $119K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0270 | +0.020% | $788K | $5.9M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0275 | +0.066% | $259K | $2.0M | 10x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
Bluefin SUI-PERP
dYdX SUI-USD
Kalshi KXSUIPERP
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 | 1.0268 | 0.000% | $37K | $503K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0098% | 8h | 1.0264 | −0.039% | $45K | $371K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0268 | −0.004% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0267 | −0.010% | $593K | $1.4M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0266 | −0.018% | $1.0M | $4.5M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0268 | 0.000% | $223K | $263K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0269 | +0.007% | $151.3M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0269 | +0.010% | $102.7M | $307.3M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0264 | −0.039% | $40.9M | $384.0M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0270 | +0.019% | $45K | $387K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0242 | −0.253% | $241K | $2K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0264 | −0.039% | $165.1M | $80.8M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0267 | −0.010% | $148.2M | $296.3M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0267 | −0.010% | $51.6M | $52.2M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0262 | −0.058% | $67.4M | $168.6M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0266 | −0.019% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERPshort | +0.0100% | 1h | 1.0268 | 0.000% | $651K | $1.1M | 20x | |
| Variational Omni SUI | +0.0100% | 8h | 1.0260 | −0.076% | $2.3M | $2.8M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0268 | −0.002% | $165K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0242 | −0.254% | $443K | $7.0M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0277 | +0.088% | $233K | $441K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0268 | 0.000% | $107K | $792K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0278 | +0.097% | $2K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0266 | −0.019% | $7K | $2.4M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0266 | −0.019% | $628K | $18.7M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0266 | −0.019% | $11.5M | $24.7M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0264 | −0.038% | $1.4M | $3.8M | 50x | as long as short |
| 01 Exchange SUIUSD | +0.0104% | 1h | 1.0271 | +0.029% | $9K | $9K | 10x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0266 | −0.022% | $49K | $37K | 3x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0270 | +0.019% | $8.0M | $23.8M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0248% | 1h | 1.0259 | −0.088% | $979K | $13.9M | 50x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0296% | 1h | 1.0273 | +0.044% | $7.2M | $24.2M | 50x | as long as short |
| Phoenix SUI | +0.0346% | 1h | 1.0281 | +0.128% | $203K | $574K | 10x | as long as short |
| Hyperliquid SUI | +0.0500% | 1h | 1.0284 | +0.156% | $73.3M | $81.1M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0637% / S −0.0309% | 1h | 1.0264 | −0.040% | $896K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0717% | 1h | 1.0273 | +0.044% | $94K | $382K | 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
01 Exchange SUIUSD
Aevo SUI-PERP
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Kraken Futures PF_SUIUSD
Phoenix SUI
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD