Funding you earn now, next payment 00:00 UTC+0.0534%/8h= +58.5% APRnext payment +$0.67 per $10,000 · paid last 24h +0.106%
Price spread now: Hyperliquid against Arcus+0.426%52s7-day average +0.120% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$390.393% of the position
Funding, last 3 days (all we have)+0.167%+$17 on $10k
+Price spread, last 4 days (all we have)−0.211%−$21 · spread now +0.426%, 7d avg +0.120%
=Together, before fees−0.044%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Hyperliquid is 0.305% dearer against Arcus than usual: you sell high and buy low: +$31 more if the spread goes back to its 7-day average of +0.120%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.167% in total (about 17.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.67 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 | Arcus SUI-USD | 1.0340 | 0.0100 | pay 0.0013% / 1h | 10m 52s | $46K | $387K | 10x |
| Short | Hyperliquid SUI | 1.0384 | 0.0634 | get 0.0079% / 1h | 10m 52s | $75.3M | $81.1M | 10x |
Arcus SUI-USD
Hyperliquid SUIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Arcus. 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
- $112.18
- Price spread: +0.426% → +0.120%
- $30.54
- Slippage, 4 orders
- −$25.78
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $103.44
- Costs to cover
- 0.393%
- Break-even
- 0.5 days
Slippage from Arcus: live order book, 3 min ago; Hyperliquid: live order book, 13 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 Arcus live order book, 3 min ago | 4.82 bp | 16.3 bp −$16 | 27.0 bp −$270 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 13 min ago | 0.48 bp | 7.8 bp −$8 | 13.9 bp −$139 | 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 | −0.3474% | 1h | 1.0288 | −0.503% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0370% | 1h | 1.0343 | +0.025% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0352% | 1h | 1.0361 | +0.201% | $6K | $19K | 7x | as long as short |
| Bluefin SUI-PERP | −0.0067% | 1h | 1.0336 | −0.039% | $592K | $406K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0344 | +0.034% | $95K | $175K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0354 | +0.135% | $463K | $5.3M | 2.5x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0002% | 1h | 1.0344 | +0.041% | $119K | — | 150x | as long as short |
| Deribit SUI_USDC-PERPETUAL | +0.0040% | 1h | 1.0352 | +0.116% | $201K | $587K | 25x | as long as short |
| 01 Exchange SUIUSD | +0.0088% | 1h | 1.0341 | +0.010% | $9K | $9K | 10x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0349 | +0.087% | $794K | $5.9M | 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
Deribit SUI_USDC-PERPETUAL
01 Exchange SUIUSD
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 | 1.0355 | +0.141% | $261K | $2.0M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0337 | −0.029% | $40K | $494K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0346 | +0.058% | $46K | $327K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0340 | −0.003% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0335 | −0.044% | $656K | $1.4M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0370 | +0.287% | $1.0M | $4.7M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0345 | +0.051% | $224K | $260K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0366 | +0.256% | $153.2M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0370 | +0.292% | $104.2M | $307.8M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0367 | +0.261% | $41.5M | $388.1M | 50x | as long as short |
| Arcus SUI-USDlong | +0.0100% | 1h | 1.0340 | long leg | $46K | $387K | 10x | |
| Gate SUI_USDT | +0.0100% | 8h | 1.0369 | +0.280% | $167.1M | $81.7M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0367 | +0.261% | $150.3M | $292.4M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0369 | +0.280% | $51.4M | $52.7M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0365 | +0.242% | $68.4M | $168.2M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0367 | +0.261% | — | $81.8M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0348 | +0.077% | $663K | $1.1M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0342 | +0.019% | $2.3M | $2.8M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0357 | +0.165% | $168K | $4.4M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0360 | +0.193% | $453K | $7.1M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0359 | +0.184% | $236K | $444K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0350 | +0.097% | $108K | $773K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0371 | +0.300% | $2K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0351 | +0.106% | $7K | $2.3M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0342 | +0.019% | $646K | $18.5M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0348 | +0.077% | $11.6M | $25.0M | 50x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0359 | +0.184% | $244K | $2K | 10x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0364 | +0.227% | $1.4M | $3.8M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0354 | +0.140% | $49K | $37K | 3x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0351 | +0.106% | $8.0M | $24.2M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0224% | 1h | 1.0341 | +0.010% | $976K | $13.9M | 50x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0273% | 1h | 1.0354 | +0.140% | $7.2M | $24.2M | 50x | as long as short |
| Phoenix SUI | +0.0327% | 1h | 1.0389 | +0.477% | $206K | $593K | 10x | as long as short |
| Hyperliquid SUIshort | +0.0634% | 1h | 1.0384 | +0.426% | $75.3M | $81.1M | 10x | |
| GMX SUI/USD [ETH-USDC] | L +0.0640% / S −0.0307% | 1h | 1.0343 | +0.026% | $900K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0829% | 1h | 1.0363 | +0.225% | $94K | $382K | 10x | as long as short |
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
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
Bulk SUI-USD
Extended SUI-USD
Aevo SUI-PERP
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Kraken Futures PF_SUIUSD
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD