Funding you earn now, next payment 21:00 UTC+0.0190%/8h= +20.8% APRpaid last 24h +0.034%
Price spread now: Phoenix against Gate+0.291%7-day average +0.111% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$560.557% of the position
Funding, last 7 days+0.058%+$6 on $10k
+Price spread, last 3 days (all we have)−0.009%−$1 · spread now +0.291%, 7d avg +0.111%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.180% dearer against Gate than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.111%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.058% in total (about 3.0% a year). A funding rate is set anew for every payment. 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 | Gate SUI_USDT | 1.0122 | 0.0100 | pay 0.0100% / 8h | 2h 39m | $162.8M | $81.0M | 50x |
| Short | Phoenix SUI | 1.0151 | 0.0290 | get 0.0036% / 1h | 39m 04s | $183K | $578K | 10x |
Gate SUI_USDT
Phoenix SUIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Gate. 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
- $39.81
- Price spread: +0.291% → +0.111%
- $18.02
- Slippage, 4 orders
- −$33.67
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $2.17
- Costs to cover
- 0.557%
- Break-even
- 6.6 days
Slippage from Gate: live order book, 5 min ago; Phoenix: live order book, 48 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 Gate live order book, 5 min ago | 1.97 bp | 15.4 bp −$15 | 28.2 bp −$282 | 40.7 bp −$4,073 | 74.2 bp −$37.1K |
| Sell Phoenix live order book, 48 min ago | 0.98 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 | −0.2398% | 1h | 1.0041 | −0.800% | $41K | $81K | 12x | as long as short |
| Hibachi SUI/USDT-P | −0.0504% | 1h | 1.0140 | +0.182% | $6K | $19K | 7x | as long as short |
| Reya SUIRUSDPERP | −0.0366% | 1h | 1.0123 | +0.011% | $4K | $3K | 20x | as long as short |
| Bluefin SUI-PERP | −0.0128% | 1h | 1.0111 | −0.109% | $579K | $411K | 25x | as long as short |
| Kraken Futures PF_SUIUSD | −0.0022% | 1h | 1.0124 | +0.024% | $6.8M | $23.8M | 50x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0137 | +0.148% | $92K | $66K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0153 | +0.304% | $454K | $5.5M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0126 | +0.040% | $185K | $547K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0002% | 1h | 1.0128 | +0.058% | $117K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0120 | −0.015% | $762K | $5.8M | 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
Deribit SUI_USDC-PERPETUAL
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 | 1.0125 | +0.032% | $245K | $2.0M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0120 | −0.020% | $35K | $504K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0097% | 8h | 1.0124 | +0.020% | $44K | $379K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0130 | +0.079% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0119 | −0.025% | $589K | $1.4M | 10x | as long as short |
| Hyperliquid SUI | +0.0100% | 1h | 1.0131 | +0.089% | $72.1M | $81.8M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0128 | +0.061% | $979K | $4.5M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0137 | +0.148% | $219K | $262K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0122 | 0.000% | $149.8M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0124 | +0.019% | $101.6M | $307.4M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0121 | −0.010% | $40.6M | $379.6M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0130 | +0.079% | $146K | $297K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0139 | +0.172% | $238K | $2K | 10x | as long as short |
| Gate SUI_USDTlong | +0.0100% | 8h | 1.0122 | long leg | $162.8M | $81.0M | 50x | |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0122 | 0.000% | $147.6M | $297.2M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0122 | 0.000% | $53.0M | $51.3M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0116 | −0.059% | $66.5M | $169.3M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0122 | 0.000% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0121 | −0.010% | $638K | $1.2M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0139 | +0.164% | $2.2M | $2.8M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0139 | +0.163% | $163K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0131 | +0.090% | $438K | $7.1M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0142 | +0.198% | $230K | $444K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0128 | +0.059% | $105K | $796K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0133 | +0.109% | $2K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0121 | −0.010% | $6K | $2.4M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0120 | −0.020% | $627K | $18.9M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0125 | +0.030% | $11.3M | $24.4M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0122 | −0.002% | $1.4M | $3.7M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0125 | +0.031% | $48K | $37K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0152% | 1h | 1.0119 | −0.030% | $9K | $9K | 10x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0216% | 1h | 1.0145 | +0.227% | $973K | $13.7M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0122 | 0.000% | $7.9M | $23.6M | 100x | as long as short |
| Phoenix SUIshort | +0.0290% | 1h | 1.0151 | +0.291% | $183K | $578K | 10x | |
| GMX SUI/USD [ETH-USDC] | L +0.0629% / S −0.0300% | 1h | 1.0126 | +0.044% | $868K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0730% | 1h | 1.0143 | +0.212% | $92K | $379K | 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
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
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD