Funding you earn now, next payment 22:00 UTC+0.0300%/8h= +32.8% APRnext payment +$0.37 per $10,000 · paid last 24h +0.033%
Price spread now: GMX against Deribit−0.140%7-day average −0.020% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.075%+$7 on $10k
+Price spread, last 3 days (all we have)−0.029%−$3 · spread now −0.140%, 7d avg −0.020%
=Funding pays, the price is against you. GMX is 0.120% cheaper against Deribit than usual: you would sell low and buy high (spread −0.140% now, against its 7-day average of −0.020%). If the spread goes back, that is −$12 on $10k: about 32 hours of funding at the current rate (+$9 a day). At the pace of the last 3 days (+0.075% in total) that is about 4.9 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.075% in total (about 8.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.37 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 | Deribit SUI_USDC-PERPETUAL | 1.0150 | 0 | get 0.0000% / 1h | 29m 11s | $185K | $546K | 25x |
| Short | GMX SUI/USD [ETH-USDC] | 1.0136 | L +0.0629% / S −0.0300% | get 0.0037% / 1h | 29m 11s | $869K | — | 100x |
Deribit SUI_USDC-PERPETUAL
GMX SUI/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Deribit. 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
- $62.98
- Price spread: −0.140% → −0.020%
- −$12.02
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $31.97
- Costs to cover
- 0.190%
- Break-even
- 3.4 days
Slippage unknown: Deribit: live order book, 59 min ago; GMX: no order-book sample. Net counts fees only.
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 Deribit live order book, 59 min ago | 3.91 bp | 7.4 bp −$7 | 15.6 bp −$156 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.2398% | 1h | 1.0035 | −1.133% | $84K | $81K | 12x | as long as short |
| Hibachi SUI/USDT-P | −0.0496% | 1h | 1.0142 | −0.076% | $6K | $18K | 7x | as long as short |
| Reya SUIRUSDPERP | −0.0366% | 1h | 1.0136 | −0.142% | $4K | $3K | 20x | as long as short |
| Bluefin SUI-PERP | −0.0137% | 1h | 1.0131 | −0.187% | $580K | $406K | 25x | as long as short |
| Kraken Futures PF_SUIUSD | −0.0022% | 1h | 1.0152 | +0.018% | $6.8M | $23.7M | 50x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0133 | −0.163% | $92K | $66K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0140 | −0.094% | $454K | $5.5M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUALlong | 0.0000% | 1h | 1.0150 | long leg | $185K | $546K | 25x | |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0002% | 1h | 1.0137 | −0.129% | $117K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0143 | −0.067% | $768K | $5.9M | 10x | as long as short |
Injective SUI/USDC PERP
Hibachi SUI/USDT-P
Reya SUIRUSDPERP
Bluefin SUI-PERP
Kraken Futures PF_SUIUSD
dYdX SUI-USD
Kalshi KXSUIPERP
gTrade (Gains Network) SUI/USD
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 | 1.0150 | −0.004% | $250K | $2.0M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0135 | −0.148% | $35K | $503K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0098% | 8h | 1.0144 | −0.059% | $44K | $379K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0137 | −0.132% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0134 | −0.153% | $590K | $1.3M | 10x | as long as short |
| Hyperliquid SUI | +0.0100% | 1h | 1.0155 | +0.049% | $72.3M | $81.9M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0137 | −0.126% | $978K | $4.5M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0139 | −0.106% | $219K | $260K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0145 | −0.047% | $150.3M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0148 | −0.024% | $101.8M | $306.8M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0146 | −0.039% | $40.7M | $380.4M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0140 | −0.099% | $146K | $297K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0155 | +0.054% | $239K | $2K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0145 | −0.049% | $163.1M | $81.1M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0145 | −0.049% | $147.5M | $297.8M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0145 | −0.049% | $52.8M | $51.0M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0140 | −0.099% | $66.7M | $169.2M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0147 | −0.030% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0146 | −0.039% | $639K | $1.2M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0147 | −0.029% | $2.2M | $2.8M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0148 | −0.022% | $163K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0133 | −0.172% | $445K | $7.1M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0145 | −0.049% | $230K | $444K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0142 | −0.079% | $105K | $796K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0151 | +0.010% | $2K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0146 | −0.039% | $6K | $2.4M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0133 | −0.167% | $623K | $18.8M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0144 | −0.059% | $11.3M | $24.4M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0145 | −0.051% | $1.4M | $3.7M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0147 | −0.029% | $48K | $37K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0112% | 1h | 1.0139 | −0.108% | $9K | $9K | 10x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0216% | 1h | 1.0160 | +0.099% | $972K | $13.7M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0147 | −0.030% | $8.0M | $23.6M | 100x | as long as short |
| Phoenix SUI | +0.0290% | 1h | 1.0141 | −0.091% | $183K | $578K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC]short | L +0.0629% / S −0.0300% | 1h | 1.0136 | −0.140% | $869K | — | 100x | |
| Aftermath Perps SUIUSD | +0.0716% | 1h | 1.0145 | −0.045% | $92K | $378K | 10x | as long as short |
Lighter RH SUI
Popdex SUIUSDT
Orderly PERP_SUI_USDC
Paradex SUI-USD-PERP
Nado SUI-PERP
Hyperliquid SUI
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
Aevo SUI-PERP
01 Exchange SUIUSD
Coinbase International SUI-PERP-INTX
BloFin SUI-USDT
Phoenix SUI
Aftermath Perps SUIUSD