Funding you earn now, next payment 23:00 UTC+0.0227%/8h= +24.8% APRpaid last 24h +0.026%
Price spread now: Phoenix against HTX+0.215%7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$440.439% of the position
Funding, last 7 days−0.023%−$2 on $10k
+Price spread, last 3 days (all we have)−0.287%−$29 · spread now +0.215%, 7d avg +0.063%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Phoenix is 0.152% dearer against HTX than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.063%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.023% in total (about -1.2% 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 | HTX SUI-USDT | 1.0354 | 0.0100 | pay 0.0100% / 8h | 6m 29s | $647K | $18.4M | 75x |
| Short | Phoenix SUI | 1.0376 | 0.0327 | get 0.0041% / 1h | 6m 29s | $206K | $593K | 10x |
HTX SUI-USDT
Phoenix SUIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against HTX. 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
- $47.64
- Price spread: +0.215% → +0.063%
- $15.22
- Slippage, 4 orders
- −$24.88
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $18.97
- Costs to cover
- 0.439%
- Break-even
- 4.2 days
Slippage from HTX: live order book, 3 min ago; Phoenix: live order book, 6 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 HTX live order book, 3 min ago | 2.41 bp | 9.3 bp −$9 | 23.8 bp −$238 | 42.8 bp −$4,277 | doesn't fit |
| Sell Phoenix live order book, 6 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 | −0.3474% | 1h | 1.0288 | −0.637% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0370% | 1h | 1.0347 | −0.066% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0360% | 1h | 1.0381 | +0.264% | $6K | $19K | 7x | as long as short |
| Bluefin SUI-PERP | −0.0064% | 1h | 1.0349 | −0.048% | $593K | $406K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0355 | +0.010% | $95K | $175K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0374 | +0.196% | $464K | $5.2M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0363 | +0.087% | $201K | $587K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0002% | 1h | 1.0364 | +0.098% | $119K | — | 150x | as long as short |
| 01 Exchange SUIUSD | +0.0088% | 1h | 1.0360 | +0.058% | $9K | $9K | 10x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0353 | −0.008% | $795K | $5.9M | 10x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
Bluefin SUI-PERP
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
01 Exchange SUIUSD
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 | 1.0357 | +0.033% | $261K | $2.0M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0355 | +0.010% | $41K | $494K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0361 | +0.068% | $46K | $327K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0349 | −0.050% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0354 | 0.000% | $656K | $1.4M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0355 | +0.011% | $1.0M | $4.7M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0354 | +0.004% | $225K | $259K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0356 | +0.019% | $153.4M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0354 | 0.000% | $103.8M | $307.4M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0348 | −0.058% | $41.6M | $387.1M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0350 | −0.039% | $46K | $387K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0350 | −0.039% | $166.7M | $81.8M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0351 | −0.029% | $150.3M | $292.7M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0355 | +0.010% | $51.1M | $52.8M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0346 | −0.077% | $68.3M | $167.7M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0350 | −0.039% | — | $81.7M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0359 | +0.048% | $663K | $1.1M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0342 | −0.116% | $2.3M | $2.8M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0379 | +0.238% | $169K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0373 | +0.181% | $451K | $7.1M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0386 | +0.309% | $236K | $444K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0360 | +0.058% | $108K | $771K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0382 | +0.270% | $2K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0361 | +0.068% | $6K | $2.4M | 10x | as long as short |
| HTX SUI-USDTlong | +0.0100% | 8h | 1.0354 | long leg | $647K | $18.4M | 75x | |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0361 | +0.068% | $11.6M | $25.0M | 50x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0379 | +0.238% | $244K | $2K | 10x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0347 | −0.063% | $1.5M | $3.8M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0366 | +0.111% | $49K | $37K | 3x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0359 | +0.048% | $8.0M | $24.2M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0224% | 1h | 1.0385 | +0.299% | $977K | $14.0M | 50x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0272% | 1h | 1.0367 | +0.126% | $7.2M | $24.2M | 50x | as long as short |
| Phoenix SUIshort | +0.0327% | 1h | 1.0376 | +0.215% | $206K | $593K | 10x | |
| Hyperliquid SUI | +0.0626% | 1h | 1.0366 | +0.116% | $75.2M | $80.9M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0637% / S −0.0305% | 1h | 1.0364 | +0.093% | $897K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0823% | 1h | 1.0373 | +0.184% | $94K | $382K | 10x | as long as short |
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
Gate SUI_USDT
MEXC SUI_USDT
KuCoin SUIUSDTM
Bitget SUIUSDT
BingX SUI-USDT
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
Phemex SUIUSDT
Bulk SUI-USD
Extended SUI-USD
Aevo SUI-PERP
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Kraken Futures PF_SUIUSD
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD