Funding you earn now, next payment 22:00 UTC+0.0483%/8h= +52.9% APRnext payment +$0.60 per $10,000 · paid last 24h +0.095%
Price spread now: Phoenix against Bluefin+0.480%67s7-day average +0.196% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$460.459% of the position
Funding, last 7 days−0.141%−$14 on $10k
+Price spread, last 3 days (all we have)−0.495%−$49 · spread now +0.480%, 7d avg +0.196%
=Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Phoenix is 0.284% dearer against Bluefin than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of +0.196%. Mind the row above: over the last 7 days funding on this pair cost −0.141%, so the current rate has only just turned in your favour. The two prices were read 67 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 7 days it paid -0.141% in total (about -7.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.60 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 | Bluefin SUI-PERP | 1.0232 | −0.0138 | get 0.0017% / 1h | 30m 06s | $586K | $406K | 25x |
| Short | Phoenix SUI | 1.0281 | 0.0346 | get 0.0043% / 1h | 30m 06s | $203K | $574K | 10x |
Bluefin SUI-PERP
Phoenix SUIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Bluefin. 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
- $101.5
- Price spread: +0.480% → +0.196%
- $28.39
- Slippage, 4 orders
- −$31.9
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $83.99
- Costs to cover
- 0.459%
- Break-even
- 1.2 days
Slippage from Bluefin: live order book, 54 min ago; Phoenix: live order book, 53 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 Bluefin live order book, 54 min ago | 0.98 bp | 10.2 bp −$10 | 51.0 bp −$510 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 53 min ago | 0.98 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 | −0.2926% | 1h | 1.0179 | −0.518% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0368% | 1h | 1.0241 | +0.086% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0144% | 1h | 1.0253 | +0.209% | $6K | $19K | 7x | as long as short |
| Bluefin SUI-PERPlong | −0.0138% | 1h | 1.0232 | long leg | $586K | $406K | 25x | |
| dYdX SUI-USD | 0.0000% | 1h | 1.0241 | +0.086% | $93K | $66K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0258 | +0.252% | $457K | $5.5M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0248 | +0.156% | $190K | $562K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0002% | 1h | 1.0245 | +0.127% | $119K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0246 | +0.137% | $786K | $5.9M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0251 | +0.183% | $258K | $2.0M | 10x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
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 | 1.0243 | +0.108% | $37K | $503K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0098% | 8h | 1.0243 | +0.108% | $45K | $371K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0245 | +0.126% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0243 | +0.103% | $591K | $1.4M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0247 | +0.143% | $1.0M | $4.5M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0245 | +0.130% | $223K | $262K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0248 | +0.160% | $151.2M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0251 | +0.187% | $102.6M | $307.3M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0252 | +0.195% | $40.9M | $383.6M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0240 | +0.078% | $46K | $387K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0242 | +0.098% | $241K | $2K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0243 | +0.108% | $164.7M | $80.8M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0244 | +0.117% | $148.5M | $296.2M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0243 | +0.108% | $51.5M | $52.2M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0247 | +0.147% | $67.3M | $168.6M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0246 | +0.137% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0243 | +0.108% | $649K | $1.1M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0260 | +0.276% | $2.3M | $2.8M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0268 | +0.350% | $165K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0249 | +0.164% | $444K | $7.0M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0277 | +0.440% | $233K | $441K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0249 | +0.166% | $106K | $791K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0255 | +0.225% | $2K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0245 | +0.127% | $7K | $2.4M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0244 | +0.117% | $626K | $18.7M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0246 | +0.137% | $11.4M | $24.7M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0250 | +0.172% | $1.4M | $3.8M | 50x | as long as short |
| 01 Exchange SUIUSD | +0.0104% | 1h | 1.0248 | +0.156% | $9K | $9K | 10x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0246 | +0.139% | $48K | $37K | 3x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0248 | +0.156% | $8.0M | $23.8M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0248% | 1h | 1.0246 | +0.137% | $977K | $13.8M | 50x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0296% | 1h | 1.0250 | +0.176% | $7.1M | $24.2M | 50x | as long as short |
| Phoenix SUIshort | +0.0346% | 1h | 1.0281 | +0.480% | $203K | $574K | 10x | |
| Hyperliquid SUI | +0.0491% | 1h | 1.0258 | +0.254% | $73.1M | $81.0M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0637% / S −0.0309% | 1h | 1.0245 | +0.122% | $894K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0718% | 1h | 1.0266 | +0.336% | $94K | $382K | 10x | as long as short |
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-USDC
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
01 Exchange SUIUSD
Aevo SUI-PERP
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Kraken Futures PF_SUIUSD
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD