SUI

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0308%/8h= +33.7% APRnext payment +$0.39 per $10,000 · paid last 24h +0.043%

Price spread now: Phoenix against Bulk+0.373%51s7-day average +0.027% · 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−$350.350% of the position

Long on Bulk Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.066%+$7 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now +0.373%, 7d avg +0.027%

Together, before fees+0.086%+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Phoenix is 0.346% dearer against Bulk than usual: you sell high and buy low: +$35 more if the spread goes back to its 7-day average of +0.027%. The two prices were read 51 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 4 days it paid 0.066% in total (about 6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.39 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	Bulk SUI-USD	1.0243	0.0100	pay 0.0013% / 1h	12m 40s	$241K	$3K	10x
Short	Phoenix SUI	1.0281	0.0408	get 0.0051% / 1h	12m 40s	$215K	$415K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Bulk. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BulkbpFee PhoenixbpOrdersPrice spread, now +0.373%Rate

Funding earned: $64.71
Price spread: +0.373% → +0.027%: $34.55
Slippage, 4 orders: −$20.95
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $64.31
Costs to cover: 0.350%
Break-even: 0.0 days

Slippage from Bulk: live order book, 41 min ago; Phoenix: live order book, 39 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 Bulk live order book, 41 min ago	0.96 bp	5.3 bp −$5	8.3 bp −$83	19.2 bp −$1,924	35.8 bp −$17.9K
Sell Phoenix live order book, 39 min ago	0.96 bp	12.3 bp −$12	43.0 bp −$430	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	1.0147	−0.937%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0377%	1h	1.0251	+0.077%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0152%	1h	1.0255	+0.116%	$6K	$19K	7x	as long as short
Kraken Futures PF_SUIUSD	−0.0067%	1h	1.0246	+0.033%	$6.7M	$25.0M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0234	−0.087%	$128K	$227K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0247	+0.035%	$480K	$5.0M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0247	+0.039%	$199K	$572K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0246	+0.031%	$115K	—	150x	as long as short
Bluefin SUI-PERP	+0.0038%	1h	1.0234	−0.088%	$587K	$407K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0238	−0.047%	$776K	$5.5M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SUI	+0.0096%	1h	1.0242	−0.008%	$304K	$2.2M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0232	−0.107%	$46K	$517K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0237	−0.061%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0245	+0.015%	$580K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0238	−0.049%	$883K	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0239	−0.039%	$221K	$256K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0234	−0.091%	$145.8M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0234	−0.084%	$100.8M	$308.8M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0238	−0.049%	$40.0M	$385.5M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0240	−0.029%	$43K	$330K	10x	as long as short
Bulk SUI-USDlong	+0.0100%	1h	1.0243	long leg	$241K	$3K	10x
Gate SUI_USDT	+0.0100%	8h	1.0237	−0.059%	$167.9M	$83.2M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0235	−0.078%	$153.1M	$295.9M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0237	−0.059%	$50.4M	$54.1M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0235	−0.078%	$67.0M	$173.9M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0238	−0.049%	—	$82.1M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0240	−0.029%	$638K	$1.3M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0262	+0.183%	$2.4M	$3.4M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0257	+0.135%	$167K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0246	+0.026%	$438K	$7.5M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0274	+0.303%	$224K	$434K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0258	+0.146%	$123K	$723K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0246	+0.029%	$47K	$179K	20x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0282	+0.381%	$2K	$1.7M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0245	+0.020%	$15K	$2.0M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0241	−0.020%	$593K	$19.5M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0248	+0.049%	$11.8M	$27.3M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0234	−0.087%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0250	+0.068%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0152%	1h	1.0236	−0.068%	$9K	$3K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0246	+0.029%	$7.6M	$24.6M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0243	0.000%	$991K	$15.1M	50x	as long as short
Hyperliquid SUI	+0.0351%	1h	1.0248	+0.044%	$73.8M	$81.3M	10x	as long as short
Phoenix SUIshort	+0.0408%	1h	1.0281	+0.373%	$215K	$415K	10x
GMX SUI/USD [ETH-USDC]	L +0.0600% / S −0.0260%	1h	1.0245	+0.023%	$936K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1477%	1h	1.0257	+0.141%	$82K	$405K	10x	as long as short