SUI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0299%/8h= +32.7% APRnext payment +$0.37 per $10,000 · paid last 24h +0.060%

Price spread now: Phoenix against dYdX+0.142%106s7-day average +0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs−$345as 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−$3643.637% of the position

Long on dYdX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.188%+$19 on $10k

Price spread, last 3 days (all we have)+0.052%+$5 · spread now +0.142%, 7d avg +0.100%

Together, before fees+0.240%+$24 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 0.042% dearer against dYdX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.100%. The two prices were read 106 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 0.188% in total (about 9.8% 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	dYdX SUI-USD	1.0703	0	get 0.0000% / 1h	11m 34s	$98K	$170K	10x
Short	Phoenix SUI	1.0718	0.0299	get 0.0037% / 1h	11m 34s	$212K	$590K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against dYdX. 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 dYdXbpFee PhoenixbpOrdersPrice spread, now +0.142%Rate

Funding earned: $62.76
Price spread: +0.142% → +0.100%: $4.2
Slippage, 4 orders: −$346.68
Fee dYdX: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$296.72
Costs to cover: 3.637%
Break-even: 40.1 days

Slippage from dYdX: live order book, 18 min ago; Phoenix: live order book, 61 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 dYdX live order book, 18 min ago	164.54 bp	169.5 bp −$170	183.9 bp −$1,839	185.5 bp −$18.5K	186.7 bp −$93.3K
Sell Phoenix live order book, 61 min ago	0.96 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	−0.3416%	1h	1.0537	−1.551%	$43K	$123K	12x	as long as short
Hibachi SUI/USDT-P	−0.0488%	1h	1.0704	+0.013%	$6K	$18K	7x	as long as short
Bluefin SUI-PERP	−0.0475%	1h	1.0689	−0.131%	$613K	$413K	25x	as long as short
Reya SUIRUSDPERP	−0.0371%	1h	1.0708	+0.046%	$4K	$3K	20x	as long as short
dYdX SUI-USDlong	0.0000%	1h	1.0703	long leg	$98K	$170K	10x
Kalshi KXSUIPERP	0.0000%	8h	1.0708	+0.047%	$578K	$4.9M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0711	+0.075%	$208K	$581K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0712	+0.080%	$115K	—	150x	as long as short
Phemex SUIUSDT	+0.0009%	8h	1.0698	−0.047%	$12.0M	$25.2M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0037%	1h	1.0716	+0.122%	$7.4M	$24.1M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SUIUSD	+0.0048%	1h	1.0714	+0.103%	$9K	$9K	10x	as long as short
Lighter SUI	+0.0096%	1h	1.0706	+0.030%	$835K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0707	+0.039%	$284K	$2.1M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0709	+0.056%	$33K	$475K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0704	+0.009%	$50K	$309K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0757	+0.504%	$28K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0707	+0.042%	$703K	$1.5M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0712	+0.083%	$1.1M	$4.8M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0706	+0.028%	$234K	$251K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0711	+0.073%	$158.1M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0708	+0.047%	$106.8M	$307.4M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0703	0.000%	$42.7M	$397.4M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0710	+0.065%	$47K	$381K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0632	−0.663%	$250K	$3K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0705	+0.019%	$175.1M	$83.1M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0706	+0.028%	$157.5M	$301.1M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0698	−0.047%	$52.0M	$53.1M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0702	−0.009%	$69.7M	$168.7M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0710	+0.065%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0696	−0.065%	$681K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0698	−0.048%	$2.5M	$2.9M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0704	+0.014%	$174K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0713	+0.091%	$461K	$7.3M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0712	+0.084%	$238K	$490K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0718	+0.140%	$125K	$749K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0712	+0.084%	$2K	$1.8M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0708	+0.047%	$6K	$2.2M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0706	+0.028%	$666K	$19.1M	75x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0706	+0.024%	$1.5M	$4.0M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0710	+0.065%	$41K	$16K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0200%	1h	1.0713	+0.093%	$1.0M	$14.9M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0710	+0.065%	$8.2M	$25.8M	100x	as long as short
Phoenix SUIshort	+0.0299%	1h	1.0718	+0.142%	$212K	$590K	10x
Hyperliquid SUI	+0.0435%	1h	1.0723	+0.187%	$77.8M	$79.5M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0641% / S −0.0332%	1h	1.0714	+0.098%	$947K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0855%	1h	1.0701	−0.014%	$79K	$379K	10x	as long as short