Funding you earn now, next payment 07:00 UTC−0.0266%/8h= −29.1% APRpaid last 24h −0.011%
Price spread now: Bybit against Kraken Futures+0.014%7-day average −0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$350.350% of the position
Funding, last 7 days−0.128%−$13 on $10k
+Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.014%, 7d avg −0.031%
=The price spread pays, funding is against you. Bybit is 0.045% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.014% now, against its 7-day average of −0.031%): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.128% in total) that is about 2.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.128% in total (about -6.7% a year). A funding rate is set anew for every payment. 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 | Kraken Futures PF_SUIUSD | 1.0137 | 0.0366 | pay 0.0046% / 1h | 46m 04s | $6.8M | $23.2M | 50x |
| Short | Bybit SUIUSDT | 1.0138 | 0.0100 | get 0.0100% / 8h | 1h 46m | $99.2M | $319.5M | 50x |
Kraken Futures PF_SUIUSD
Bybit SUIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$55.88
- Price spread: +0.014% → −0.031%
- $4.51
- Slippage, 4 orders
- −$14
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$86.36
- Costs to cover
- 0.350%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; Bybit: live order book, 3 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, 3 min ago | 0.49 bp | 10.6 bp −$11 | 16.6 bp −$166 | 39.9 bp −$3,988 | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.49 bp | 7.8 bp −$8 | 13.0 bp −$130 | 37.4 bp −$3,743 | 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 | 1.0076 | −0.597% | $41K | $113K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0379% | 1h | 1.0130 | −0.064% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0184% | 1h | 1.0135 | −0.019% | $5K | $21K | 7x | as long as short |
| Bluefin SUI-PERP | −0.0027% | 1h | 1.0122 | −0.143% | $580K | $428K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0137 | +0.004% | $95K | $294K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0139 | +0.028% | $376K | $4.9M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0139 | +0.024% | $195K | $563K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0132 | −0.046% | $114K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0138 | +0.017% | $787K | $5.3M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0139 | +0.026% | $296K | $2.2M | 10x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
Bluefin SUI-PERP
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 | 1.0132 | −0.045% | $34K | $522K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0137 | +0.004% | $47K | $208K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0138 | +0.017% | $27K | $8K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0138 | +0.019% | $535K | $2.1M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0140 | +0.037% | $895K | $4.3M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0142 | +0.053% | $217K | $264K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0140 | +0.037% | $145.2M | $1.04B | 75x | as long as short |
| Bybit SUIUSDTshort | +0.0100% | 8h | 1.0138 | +0.014% | $99.2M | $319.5M | 50x | |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0140 | +0.034% | $40.8M | $385.2M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0130 | −0.065% | $43K | $329K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0165 | +0.281% | $239K | $2K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0136 | −0.005% | $165.1M | $82.9M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0138 | +0.014% | $150.9M | $291.0M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0137 | +0.004% | $49.6M | $53.3M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0135 | −0.015% | $66.9M | $175.9M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0136 | −0.005% | — | $84.8M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0136 | −0.005% | $667K | $1.4M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0168 | +0.309% | $2.4M | $3.5M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0180 | +0.430% | $164K | $4.6M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0176 | +0.392% | $442K | $7.5M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0180 | +0.429% | $224K | $409K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0141 | +0.044% | $130K | $647K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0145 | +0.083% | $3K | $1.7M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0139 | +0.024% | $6K | $1.9M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0130 | −0.065% | $619K | $19.0M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0133 | −0.035% | $11.7M | $28.1M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0136 | −0.003% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0140 | +0.038% | $38K | $11K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0200% | 1h | 1.0136 | −0.005% | $9K | $2K | 10x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0138 | +0.014% | $7.6M | $24.7M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0280% | 1h | 1.0151 | +0.143% | $1.0M | $14.8M | 50x | as long as short |
| Kraken Futures PF_SUIUSDlong | +0.0366% | 1h | 1.0137 | long leg | $6.8M | $23.2M | 50x | |
| Phoenix SUI | +0.0431% | 1h | 1.0176 | +0.394% | $202K | $413K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0600% / S −0.0263% | 1h | 1.0131 | −0.056% | $931K | — | 100x | as long as short |
| Hyperliquid SUI | +0.0627% | 1h | 1.0145 | +0.083% | $72.9M | $83.4M | 10x | as long as short |
| Aftermath Perps SUIUSD | +0.1450% | 1h | 1.0170 | +0.330% | $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
OKX SUI-USDT-SWAP
Arcus SUI-USD
Bulk SUI-USD
Gate SUI_USDT
MEXC SUI_USDT
KuCoin SUIUSDTM
Bitget SUIUSDT
BingX SUI-USDT
Backpack SUI_USDC_PERP
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
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Hyperliquid SUI
Aftermath Perps SUIUSD