Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.030%
Price spread now: Phemex against BloFin−0.048%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$430.427% of the position
Funding, last 7 days−0.277%−$28 on $10k
+Price spread, last 4 days (all we have)+0.011%+$1 · spread now −0.048%, 7d avg −0.022%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Phemex is 0.026% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.022%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SUI-USDT | 1.0397 | 0.0220 | pay 0.0220% / 8h | 3h 52m | $7.9M | $24.9M | 100x |
| Short | Phemex SUIUSDT | 1.0392 | 0.0100 | get 0.0100% / 8h | 3h 52m | $11.9M | $26.9M | 50x |
BloFin SUI-USDT
Phemex SUIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BloFin. 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
- −$25.2
- Price spread: −0.048% → −0.022%
- −$2.6
- Slippage, 4 orders
- −$18.7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$70.51
- Costs to cover
- 0.427%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 6 min ago; Phemex: live order book, 6 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 BloFin live order book, 6 min ago | 0.96 bp | 7.0 bp −$7 | 10.2 bp −$102 | 18.4 bp −$1,839 | 49.4 bp −$24.7K |
| Sell Phemex live order book, 6 min ago | 3.38 bp | 12.8 bp −$13 | 26.5 bp −$265 | 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 | −0.3470% | 1h | 1.0250 | −1.414% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0376% | 1h | 1.0386 | −0.102% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0304% | 1h | 1.0354 | −0.416% | $6K | $19K | 7x | as long as short |
| Kraken Futures PF_SUIUSD | −0.0066% | 1h | 1.0403 | +0.057% | $6.8M | $26.9M | 50x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0395 | −0.017% | $130K | $227K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0413 | +0.149% | $499K | $5.0M | 2.5x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0390 | −0.064% | $116K | — | 150x | as long as short |
| Bluefin SUI-PERP | +0.0028% | 1h | 1.0383 | −0.135% | $594K | $406K | 25x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0392 | −0.051% | $806K | $5.4M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0397 | 0.000% | $300K | $2.2M | 10x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
Kraken Futures PF_SUIUSD
dYdX SUI-USD
Kalshi KXSUIPERP
gTrade (Gains Network) SUI/USD
Bluefin SUI-PERP
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 | 1.0390 | −0.067% | $43K | $515K | 50x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0393 | −0.036% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0386 | −0.111% | $586K | $2.1M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0397 | 0.000% | $909K | $4.6M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0394 | −0.030% | $225K | $259K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0397 | −0.001% | $150.7M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0393 | −0.041% | $102.2M | $309.9M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0390 | −0.067% | $40.7M | $389.5M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0400 | +0.029% | $44K | $330K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0369 | −0.269% | $244K | $5K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0394 | −0.029% | $170.3M | $80.9M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0394 | −0.029% | $153.0M | $292.0M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0391 | −0.058% | $50.1M | $53.9M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0395 | −0.019% | $67.9M | $172.5M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0395 | −0.019% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0403 | +0.058% | $657K | $1.4M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0363 | −0.330% | $2.5M | $3.4M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0356 | −0.392% | $170K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0356 | −0.396% | $452K | $7.6M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0362 | −0.337% | $228K | $429K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0396 | −0.010% | $124K | $745K | 10x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0396 | −0.010% | $48K | $143K | 20x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0371 | −0.250% | $2K | $1.7M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0398 | +0.010% | $14K | $2.1M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0388 | −0.087% | $584K | $19.7M | 75x | as long as short |
| Phemex SUIUSDTshort | +0.0100% | 8h | 1.0392 | −0.048% | $11.9M | $26.9M | 50x | |
| Extended SUI-USD | +0.0104% | 1h | 1.0390 | −0.071% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0406 | +0.087% | $39K | $11K | 3x | as long as short |
| Deribit SUI_USDC-PERPETUAL | +0.0135% | 1h | 1.0404 | +0.067% | $202K | $572K | 25x | as long as short |
| 01 Exchange SUIUSD | +0.0136% | 1h | 1.0401 | +0.038% | $9K | $2K | 10x | as long as short |
| BloFin SUI-USDTlong | +0.0220% | 8h | 1.0397 | long leg | $7.9M | $24.9M | 100x | |
| Coinbase International SUI-PERP-INTX | +0.0248% | 1h | 1.0405 | +0.077% | $1.0M | $15.1M | 50x | as long as short |
| Phoenix SUI | +0.0408% | 1h | 1.0389 | −0.080% | $211K | $415K | 10x | as long as short |
| Hyperliquid SUI | +0.0423% | 1h | 1.0404 | +0.067% | $75.3M | $81.4M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0613% / S −0.0267% | 1h | 1.0390 | −0.068% | $959K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1485% | 1h | 1.0380 | −0.165% | $83K | $402K | 10x | as long as short |
Popdex SUIUSDT
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
Backpack SUI_USDC_PERP
Variational Omni SUI
edgeX SUIUSDC
GRVT SUI_USDT_Perp
ApeX Omni SUIUSDT
Polymarket Perps SUI-USD
Orderly PERP_SUI_USDC
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Extended SUI-USD
Aevo SUI-PERP
Deribit SUI_USDC-PERPETUAL
01 Exchange SUIUSD
Coinbase International SUI-PERP-INTX
Phoenix SUI
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD