Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h 0.000%
Price spread now: Phemex against Deribit−0.059%7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$340.344% of the position
Funding, last 7 days−0.090%−$9 on $10k
+Price spread, last 3 days (all we have)−0.015%−$1 · spread now −0.059%, 7d avg −0.028%
=Funding pays, the price is against you. Phemex is 0.031% cheaper against Deribit than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of −0.028%). If the spread goes back, that is −$3 on $10k: about 25 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.090%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit SUI_USDC-PERPETUAL | 1.0172 | 0 | get 0.0000% / 1h | 23m 44s | $186K | $546K | 25x |
| Short | Phemex SUIUSDT | 1.0166 | 0.0100 | get 0.0100% / 8h | 2h 23m | $11.4M | $24.4M | 50x |
Deribit SUI_USDC-PERPETUAL
Phemex SUIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $21
- Price spread: −0.059% → −0.028%
- −$3.14
- Slippage, 4 orders
- −$15.4
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$16.54
- Costs to cover
- 0.344%
- Break-even
- 12.5 days
Slippage from Deribit: live order book, 65 min ago; Phemex: 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, 65 min ago | 3.91 bp | 7.4 bp −$7 | 15.6 bp −$156 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 0.99 bp | 10.8 bp −$11 | 24.7 bp −$247 | 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 | −0.2398% | 1h | 1.0145 | −0.265% | $42K | $123K | 12x | as long as short |
| Hibachi SUI/USDT-P | −0.0512% | 1h | 1.0169 | −0.033% | $6K | $18K | 7x | as long as short |
| Reya SUIRUSDPERP | −0.0366% | 1h | 1.0170 | −0.021% | $4K | $3K | 20x | as long as short |
| Bluefin SUI-PERP | −0.0124% | 1h | 1.0159 | −0.128% | $582K | $405K | 25x | as long as short |
| Kraken Futures PF_SUIUSD | −0.0022% | 1h | 1.0174 | +0.021% | $6.8M | $23.7M | 50x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0173 | +0.008% | $93K | $66K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0179 | +0.066% | $457K | $5.5M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUALlong | 0.0000% | 1h | 1.0172 | long leg | $186K | $546K | 25x | |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0002% | 1h | 1.0169 | −0.029% | $118K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0172 | +0.005% | $769K | $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 | 1.0178 | +0.063% | $251K | $2.0M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0171 | −0.010% | $35K | $503K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0098% | 8h | 1.0169 | −0.029% | $44K | $377K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0173 | +0.007% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0178 | +0.064% | $593K | $1.3M | 10x | as long as short |
| Hyperliquid SUI | +0.0100% | 1h | 1.0184 | +0.118% | $72.5M | $81.8M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0177 | +0.046% | $992K | $4.5M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0174 | +0.021% | $219K | $260K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0173 | +0.010% | $150.7M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0175 | +0.029% | $102.1M | $306.8M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0174 | +0.020% | $40.8M | $381.5M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0180 | +0.079% | $147K | $297K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0155 | −0.162% | $239K | $2K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0173 | +0.010% | $163.7M | $81.1M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0172 | 0.000% | $147.6M | $298.1M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0172 | 0.000% | $52.3M | $51.3M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0167 | −0.049% | $66.8M | $169.1M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0173 | +0.010% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0168 | −0.039% | $641K | $1.2M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0167 | −0.053% | $2.2M | $2.8M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0151 | −0.204% | $163K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0156 | −0.156% | $446K | $7.1M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0153 | −0.187% | $230K | $444K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0176 | +0.039% | $106K | $785K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0180 | +0.079% | $2K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0170 | −0.020% | $6K | $2.4M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0171 | −0.010% | $622K | $18.8M | 75x | as long as short |
| Phemex SUIUSDTshort | +0.0100% | 8h | 1.0166 | −0.059% | $11.4M | $24.4M | 50x | |
| Extended SUI-USD | +0.0104% | 1h | 1.0171 | −0.013% | $1.4M | $3.7M | 50x | as long as short |
| 01 Exchange SUIUSD | +0.0104% | 1h | 1.0173 | +0.010% | $9K | $9K | 10x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0172 | −0.003% | $48K | $37K | 3x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0216% | 1h | 1.0172 | 0.000% | $972K | $13.7M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0176 | +0.039% | $8.0M | $23.7M | 100x | as long as short |
| Phoenix SUI | +0.0290% | 1h | 1.0170 | −0.017% | $184K | $578K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0629% / S −0.0300% | 1h | 1.0169 | −0.030% | $872K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0709% | 1h | 1.0163 | −0.091% | $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
Extended SUI-USD
01 Exchange SUIUSD
Aevo SUI-PERP
Coinbase International SUI-PERP-INTX
BloFin SUI-USDT
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD