Funding you earn now, next payment 00:00 UTC+0.0199%/8h= +21.8% APRnext payment +$0.25 per $10,000 · paid last 24h +0.030%
Price spread now: Phoenix against ApeX Omni+0.058%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$480.482% of the position
Funding, last 7 days−0.016%−$2 on $10k
+Price spread, last 3 days (all we have)+0.046%+$5 · spread now +0.058%, 7d avg +0.020%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.038% dearer against ApeX Omni than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.020%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.016% in total (about -0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.25 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 | ApeX Omni SUIUSDT | 1.0712 | 0.0100 | pay 0.0013% / 1h | 10m 55s | $238K | $490K | 50x |
| Short | Phoenix SUI | 1.0718 | 0.0299 | get 0.0037% / 1h | 10m 55s | $212K | $590K | 10x |
ApeX Omni SUIUSDT
Phoenix SUIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against ApeX Omni. 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
- $41.76
- Price spread: +0.058% → +0.020%
- $3.78
- Slippage, 4 orders
- −$31.22
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$2.69
- Costs to cover
- 0.482%
- Break-even
- 7.5 days
Slippage from ApeX Omni: live order book, 62 min ago; Phoenix: live order book, 62 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 ApeX Omni live order book, 62 min ago | 4.83 bp | 12.5 bp −$12 | 37.0 bp −$370 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 62 min ago | 0.96 bp | 12.3 bp −$12 | 42.9 bp −$429 | 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 | −0.3416% | 1h | 1.0537 | −1.634% | $43K | $123K | 12x | as long as short |
| Hibachi SUI/USDT-P | −0.0496% | 1h | 1.0707 | −0.050% | $6K | $18K | 7x | as long as short |
| Bluefin SUI-PERP | −0.0472% | 1h | 1.0695 | −0.159% | $613K | $413K | 25x | as long as short |
| Reya SUIRUSDPERP | −0.0371% | 1h | 1.0706 | −0.052% | $4K | $3K | 20x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0703 | −0.084% | $98K | $170K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0709 | −0.031% | $580K | $4.9M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0713 | +0.009% | $208K | $581K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0715 | +0.025% | $115K | — | 150x | as long as short |
| Phemex SUIUSDT | +0.0028% | 8h | 1.0714 | +0.019% | $12.0M | $25.2M | 50x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0037% | 1h | 1.0713 | +0.009% | $7.4M | $24.1M | 50x | as long as short |
Injective SUI/USDC PERP
Hibachi SUI/USDT-P
Bluefin SUI-PERP
Reya SUIRUSDPERP
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Phemex SUIUSDT
Kraken Futures PF_SUIUSDShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUIUSD | +0.0048% | 1h | 1.0714 | +0.019% | $9K | $9K | 10x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0705 | −0.061% | $835K | $5.9M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0708 | −0.041% | $284K | $2.1M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0709 | −0.028% | $33K | $475K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0710 | −0.019% | $50K | $309K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0757 | +0.420% | $28K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0707 | −0.042% | $703K | $1.5M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0712 | +0.002% | $1.1M | $4.8M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0706 | −0.056% | $234K | $251K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0789 | +0.719% | $159.3M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0796 | +0.782% | $107.7M | $307.3M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0791 | +0.737% | $42.9M | $401.1M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0710 | −0.019% | $47K | $381K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0632 | −0.747% | $250K | $3K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0784 | +0.672% | $175.9M | $83.1M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0786 | +0.691% | $158.8M | $301.3M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0755 | +0.401% | $52.2M | $53.1M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0791 | +0.737% | $70.3M | $168.9M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0789 | +0.719% | — | $81.9M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0702 | −0.093% | $682K | $1.1M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0714 | +0.016% | $2.4M | $3.0M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0704 | −0.070% | $174K | $4.6M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0713 | +0.007% | $461K | $7.3M | 10x | as long as short |
| ApeX Omni SUIUSDTlong | +0.0100% | 1h | 1.0712 | long leg | $238K | $490K | 50x | |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0718 | +0.056% | $125K | $748K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0717 | +0.047% | $2K | $1.8M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0708 | −0.037% | $6K | $2.2M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0695 | −0.159% | $669K | $19.1M | 75x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0764 | +0.486% | $1.5M | $4.0M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0714 | +0.021% | $41K | $16K | 3x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0200% | 1h | 1.0722 | +0.093% | $1.0M | $14.9M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0709 | −0.028% | $8.2M | $25.9M | 100x | as long as short |
| Phoenix SUIshort | +0.0299% | 1h | 1.0718 | +0.058% | $212K | $590K | 10x | |
| Hyperliquid SUI | +0.0439% | 1h | 1.0807 | +0.887% | $78.1M | $79.8M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0641% / S −0.0332% | 1h | 1.0716 | +0.036% | $947K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0860% | 1h | 1.0705 | −0.070% | $79K | $379K | 10x | as long as short |
01 Exchange SUIUSD
Lighter SUI
Lighter RH SUI
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-USDT
Backpack SUI_USDC_PERP
Variational Omni SUI
edgeX SUIUSDC
GRVT SUI_USDT_Perp
Polymarket Perps SUI-USD
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Extended SUI-USD
Aevo SUI-PERP
Coinbase International SUI-PERP-INTX
BloFin SUI-USDT
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD