Funding you earn now, next payment 00:00 UTC+0.0199%/8h= +21.8% APRpaid last 24h +0.050%
Price spread now: Phoenix against GRVT−0.090%7-day average +0.089% · 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−$62as in the Price arb table
costs, in and out, $10k−$440.442% of the position
Funding, last 7 days+0.013%+$1 on $10k
+Price spread, last 3 days (all we have)+0.216%+$22 · spread now −0.090%, 7d avg +0.089%
=Together, before fees+0.229%+ Points / potential airdropGRVT: Active · farm board+$23 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.179% cheaper against GRVT than usual: you would sell low and buy high (spread −0.090% now, against its 7-day average of +0.089%). If the spread goes back, that is −$18 on $10k: about 3.0 days of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.013% in total) that is about 3 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.013% in total (about 0.7% 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 | GRVT SUI_USDT_Perp | 1.0668 | 0.0100 | pay 0.0100% / 8h | 7h 15m | $465K | $7.1M | 10x |
| Short | Phoenix SUI | 1.0658 | 0.0299 | get 0.0037% / 1h | 15m 23s | $211K | $590K | 10x |
GRVT SUI_USDT_Perp
Phoenix SUIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against GRVT. 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
- $41.76
- Price spread: −0.090% → +0.089%
- −$17.88
- Slippage, 4 orders
- −$28.19
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$20.31
- Costs to cover
- 0.442%
- Break-even
- 10.4 days
Slippage from GRVT: live order book, 4 min ago; Phoenix: live order book, 57 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 GRVT live order book, 4 min ago | 2.82 bp | 11.7 bp −$12 | 25.1 bp −$251 | 6194.5 bp −$619.4K | doesn't fit |
| Sell Phoenix live order book, 57 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 | 1.0391 | −2.597% | $43K | $123K | 12x | as long as short |
| Hibachi SUI/USDT-P | −0.0488% | 1h | 1.0706 | +0.358% | $6K | $18K | 7x | as long as short |
| Bluefin SUI-PERP | −0.0476% | 1h | 1.0688 | +0.187% | $613K | $412K | 25x | as long as short |
| Reya SUIRUSDPERP | −0.0371% | 1h | 1.0702 | +0.323% | $4K | $3K | 20x | as long as short |
| Phemex SUIUSDT | −0.0077% | 8h | 1.0705 | +0.347% | $12.0M | $25.2M | 50x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0728 | +0.564% | $98K | $170K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0716 | +0.448% | $558K | $4.9M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0706 | +0.356% | $208K | $581K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0701 | +0.307% | $116K | — | 150x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0037% | 1h | 1.0707 | +0.368% | $7.4M | $24.1M | 50x | as long as short |
Injective SUI/USDC PERP
Hibachi SUI/USDT-P
Bluefin SUI-PERP
Reya SUIRUSDPERP
Phemex SUIUSDT
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Kraken Futures PF_SUIUSDShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUIUSD | +0.0056% | 1h | 1.0699 | +0.291% | $9K | $9K | 10x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0724 | +0.528% | $837K | $5.9M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0725 | +0.536% | $280K | $2.1M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0706 | +0.356% | $32K | $476K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0701 | +0.309% | $50K | $309K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0733 | +0.610% | $28K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0708 | +0.373% | $703K | $1.5M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0710 | +0.395% | $1.0M | $4.8M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0726 | +0.548% | $234K | $251K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0699 | +0.293% | $158.5M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0703 | +0.327% | $106.6M | $306.3M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0702 | +0.319% | $42.6M | $396.9M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0700 | +0.300% | $47K | $387K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0632 | −0.337% | $250K | $3K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0702 | +0.319% | $175.3M | $82.4M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0700 | +0.300% | $157.2M | $299.9M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0706 | +0.356% | $52.1M | $53.0M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0696 | +0.262% | $69.7M | $168.5M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0699 | +0.291% | — | $81.9M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0715 | +0.441% | $681K | $1.1M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0698 | +0.280% | $2.5M | $2.9M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0653 | −0.145% | $173K | $4.6M | 20x | as long as short |
| GRVT SUI_USDT_Perplong | +0.0100% | 8h | 1.0668 | long leg | $465K | $7.1M | 10x | |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0665 | −0.028% | $237K | $493K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0715 | +0.441% | $123K | $748K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0717 | +0.459% | $2K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0698 | +0.281% | $6K | $2.2M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0706 | +0.356% | $668K | $19.0M | 75x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0697 | +0.269% | $1.5M | $4.0M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0703 | +0.332% | $41K | $16K | 3x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0200% | 1h | 1.0705 | +0.347% | $1.0M | $14.8M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0653 | −0.141% | $8.1M | $25.3M | 100x | as long as short |
| Phoenix SUIshort | +0.0299% | 1h | 1.0658 | −0.090% | $211K | $590K | 10x | |
| Hyperliquid SUI | +0.0422% | 1h | 1.0724 | +0.525% | $77.7M | $79.3M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0636% / S −0.0330% | 1h | 1.0699 | +0.290% | $941K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0935% | 1h | 1.0673 | +0.043% | $79K | $378K | 10x | as long as short |
01 Exchange SUIUSD
Lighter SUI
Lighter RH SUI
Popdex SUIUSDT
Orderly PERP_SUI_USDC
Paradex SUI-USD-PERP
Nado SUI-PERP
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-USDT
Backpack SUI_USDC_PERP
Variational Omni SUI
edgeX SUIUSDC
ApeX Omni SUIUSDT
Polymarket Perps SUI-USD
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Extended SUI-USD
Aevo SUI-PERP
Coinbase International SUI-PERP-INTX
BloFin SUI-USDT
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD