SUI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0613%/8h= +67.2% APRnext payment +$0.77 per $10,000 · paid last 24h +0.112%

Price spread now: Hyperliquid against Deribit+0.156%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$290.286% of the position

Long on Deribit Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.164%+$16 on $10k

Price spread, last 3 days (all we have)−0.116%−$12 · spread now +0.156%, 7d avg +0.069%

Together, before fees+0.047%+ Points / potential airdropHyperliquid: Season 2 · farm board+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Hyperliquid is 0.086% dearer against Deribit than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.069%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.164% in total (about 8.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.77 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	1.0283	0.0042	pay 0.0005% / 1h	58m 45s	$200K	$593K	25x
Short	Hyperliquid SUI	1.0299	0.0655	get 0.0082% / 1h	58m 45s	$73.7M	$80.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Deribit. 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 DeribitbpFee HyperliquidbpOrdersPrice spread, now +0.156%Rate

Funding earned: $128.81
Price spread: +0.156% → +0.069%: $8.65
Slippage, 4 orders: −$12.57
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $108.89
Costs to cover: 0.286%
Break-even: 1.1 days

Slippage from Deribit: live order book, 20 min ago; Hyperliquid: live order book, 5 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 Deribit live order book, 20 min ago	2.93 bp	6.9 bp −$7	13.7 bp −$137	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 5 min ago	0.97 bp	5.5 bp −$5	14.1 bp −$141	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	1.0167	−1.128%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0369%	1h	1.0271	−0.120%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0320%	1h	1.0253	−0.287%	$6K	$19K	7x	as long as short
Bluefin SUI-PERP	−0.0020%	1h	1.0268	−0.146%	$588K	$403K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0291	+0.082%	$94K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0276	−0.066%	$459K	$5.4M	2.5x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0279	−0.039%	$119K	—	150x	as long as short
Deribit SUI_USDC-PERPETUALlong	+0.0042%	1h	1.0283	long leg	$200K	$593K	25x
Lighter SUI	+0.0096%	1h	1.0294	+0.106%	$787K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0291	+0.074%	$259K	$2.0M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex SUIUSDT	+0.0096%	1h	1.0267	−0.156%	$37K	$499K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0099%	8h	1.0277	−0.058%	$45K	$330K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0301	+0.172%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0264	−0.185%	$592K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0288	+0.052%	$1.0M	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0295	+0.113%	$223K	$262K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0293	+0.100%	$151.3M	$1.02B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0303	+0.190%	$103.4M	$307.2M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0300	+0.165%	$41.3M	$384.2M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0300	+0.165%	$46K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0269	−0.136%	$242K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0287	+0.039%	$165.2M	$80.4M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0302	+0.185%	$149.3M	$288.2M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0300	+0.165%	$51.7M	$52.1M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0296	+0.126%	$68.0M	$168.4M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0302	+0.185%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0285	+0.019%	$653K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0258	−0.242%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0257	−0.256%	$168K	$4.4M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0268	−0.149%	$445K	$6.9M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0251	−0.311%	$232K	$441K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0278	−0.049%	$107K	$788K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0280	−0.029%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0282	−0.010%	$6K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0280	−0.029%	$637K	$18.6M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0276	−0.068%	$11.5M	$24.7M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0298	+0.146%	$1.4M	$3.7M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0279	−0.039%	$49K	$37K	3x	as long as short
01 Exchange SUIUSD	+0.0152%	1h	1.0271	−0.117%	$9K	$9K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0283	0.000%	$7.9M	$23.8M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0224%	1h	1.0272	−0.107%	$980K	$13.9M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0274%	1h	1.0288	+0.046%	$7.2M	$24.1M	50x	as long as short
Phoenix SUI	+0.0346%	1h	1.0274	−0.084%	$203K	$574K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0637% / S −0.0309%	1h	1.0279	−0.042%	$897K	—	100x	as long as short
Hyperliquid SUIshort	+0.0655%	1h	1.0299	+0.156%	$73.7M	$80.3M	10x
Aftermath Perps SUIUSD	+0.0781%	1h	1.0269	−0.139%	$93K	$381K	10x	as long as short