SUI

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0142%/8h= +15.5% APRnext payment +$0.18 per $10,000 · paid last 24h −0.022%

Price spread now: Backpack against Kraken Futures−0.059%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$340.336% of the position

Long on Kraken Futures Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now −0.059%, 7d avg −0.032%

Together, before fees−0.100%−$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Backpack is 0.027% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of −0.032%). If the spread goes back, that is −$3 on $10k: about 15 hours of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.076%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SUIUSD	1.0178	−0.0042	get 0.0005% / 1h	55m 07s	$6.8M	$19.6M	50x
Short	Backpack SUI_USDC_PERP	1.0172	0.0100	get 0.0013% / 1h	55m 07s	$651K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Kraken Futures. 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 Kraken FuturesbpFee BackpackbpOrdersPrice spread, now −0.059%Rate

Funding earned: $29.82
Price spread: −0.059% → −0.032%: −$2.72
Slippage, 4 orders: −$13.58
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$6.48
Costs to cover: 0.336%
Break-even: 8.5 days

Slippage from Kraken Futures: 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 Kraken Futures live order book, 2 min ago	1.47 bp	11.0 bp −$11	15.8 bp −$158	35.8 bp −$3,576	doesn't fit
Sell Backpack live order book, 2 min ago	0.49 bp	5.6 bp −$6	10.4 bp −$104	doesn't fit	doesn't fit

SUI on 46 exchanges

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	−0.3324%	1h	1.0055	−1.209%	$41K	$113K	12x	as long as short
Reya SUIRUSDPERP	−0.0385%	1h	1.0167	−0.107%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0368%	1h	1.0175	−0.031%	$5K	$16K	7x	as long as short
Bluefin SUI-PERP	−0.0283%	1h	1.0161	−0.167%	$584K	$407K	25x	as long as short
Kraken Futures PF_SUIUSDlong	−0.0042%	1h	1.0178	long leg	$6.8M	$19.6M	50x
dYdX SUI-USD	0.0000%	1h	1.0177	−0.006%	$95K	$242K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0180	+0.021%	$380K	$3.8M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0176	−0.020%	$194K	$501K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0193	+0.152%	$116K	—	150x	as long as short
01 Exchange SUIUSD	+0.0024%	1h	1.0176	−0.020%	$8K	$3K	10x	as long as short

Show all 46 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SUI	+0.0096%	1h	1.0176	−0.020%	$741K	$4.5M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0177	−0.014%	$327K	$2.1M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0175	−0.030%	$54K	$516K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0099%	8h	1.0174	−0.040%	$55K	$700K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0176	−0.019%	$27K	$2K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0172	−0.054%	$660K	$2.0M	10x	as long as short
Hyperliquid SUI	+0.0100%	1h	1.0183	+0.049%	$73.0M	$67.5M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0177	−0.009%	$901K	$3.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0179	+0.013%	$217K	$207K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0173	−0.049%	$143.7M	$872.3M	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0169	−0.085%	$97.1M	$269.8M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0170	−0.079%	$41.3M	$316.4M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0180	+0.019%	$43K	$312K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0190	+0.118%	$233K	$8K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0171	−0.069%	$167.7M	$67.5M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0174	−0.040%	$95.2M	$245.2M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0178	0.000%	$50.5M	$46.6M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0170	−0.079%	$66.6M	$141.8M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0172	−0.059%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERPshort	+0.0100%	1h	1.0172	−0.059%	$651K	$1.2M	20x
Variational Omni SUI	+0.0100%	8h	1.0171	−0.070%	$2.4M	$2.7M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0192	+0.139%	$164K	$3.8M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0189	+0.110%	$441K	$6.7M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0205	+0.265%	$205K	$385K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0179	+0.009%	$123K	$478K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0187	+0.088%	$2K	$1.3M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0174	−0.040%	$6K	$1.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0172	−0.059%	$753K	$16.8M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0174	−0.040%	$11.7M	$28.3M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0169	−0.092%	$1.5M	$3.5M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0176	−0.024%	$39K	$11K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0173	−0.049%	$7.5M	$22.5M	100x	as long as short
Phoenix SUI	+0.0289%	1h	1.0219	+0.405%	$204K	$318K	10x	as long as short
Coinbase International SUI-PERP-INTX	+0.0312%	1h	1.0228	+0.491%	$1.0M	$11.3M	50x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0608% / S −0.0268%	1h	1.0172	−0.056%	$948K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0871%	1h	1.0197	+0.189%	$80K	$405K	10x	as long as short