Funding you earn now, next payment 00:00 UTC−0.0580%/8h= −63.5% APRnext payment −$0.73 per $10,000 · paid last 24h −0.106%
Price spread now: Arcus against Hyperliquid−0.097%7-day average −0.120% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$300.298% of the position
Funding, last 3 days (all we have)−0.167%−$17 on $10k
+Price spread, last 4 days (all we have)−0.118%−$12 · spread now −0.097%, 7d avg −0.120%
=Together, before fees−0.285%+ Points / potential airdropHyperliquid: Season 2 · farm board−$28 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Arcus is 0.023% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.097% now, against its 7-day average of −0.120%): +$2 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 3 days (−0.167% in total) that is about 11 hours.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.167% in total (about -18.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.73 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 | Hyperliquid SUI | 1.0340 | 0.0680 | pay 0.0085% / 1h | 35m 19s | $74.6M | $80.8M | 10x |
| Short | Arcus SUI-USD | 1.0330 | 0.0100 | get 0.0013% / 1h | 35m 19s | $46K | $387K | 10x |
Hyperliquid SUI
Arcus SUI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Hyperliquid. 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
- −$121.85
- Price spread: −0.097% → −0.120%
- $2.34
- Slippage, 4 orders
- −$16.3
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$149.3
- Costs to cover
- 0.298%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; Arcus: live order book, 43 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 Hyperliquid live order book, 8 min ago | 0.48 bp | 6.1 bp −$6 | 10.9 bp −$109 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 43 min ago | 4.88 bp | 9.1 bp −$9 | 28.9 bp −$289 | 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 | 1.0261 | −0.764% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0369% | 1h | 1.0319 | −0.200% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0336% | 1h | 1.0333 | −0.067% | $6K | $19K | 7x | as long as short |
| Bluefin SUI-PERP | −0.0019% | 1h | 1.0309 | −0.300% | $591K | $407K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0328 | −0.113% | $102K | $109K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0331 | −0.088% | $462K | $5.3M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0325 | −0.145% | $201K | $581K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0002% | 1h | 1.0324 | −0.151% | $119K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0322 | −0.169% | $793K | $5.9M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0326 | −0.132% | $262K | $2.0M | 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
Lighter SUI
Lighter RH SUIShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUIUSD | +0.0096% | 1h | 1.0330 | −0.097% | $9K | $9K | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0326 | −0.135% | $39K | $496K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0099% | 8h | 1.0323 | −0.164% | $46K | $329K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0322 | −0.170% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0324 | −0.150% | $596K | $1.4M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0323 | −0.161% | $1.0M | $4.6M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0326 | −0.135% | $224K | $260K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0321 | −0.184% | $151.8M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0324 | −0.155% | $103.1M | $306.7M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0318 | −0.213% | $41.2M | $385.5M | 50x | as long as short |
| Arcus SUI-USDshort | +0.0100% | 1h | 1.0330 | −0.097% | $46K | $387K | 10x | |
| Bulk SUI-USD | +0.0100% | 1h | 1.0352 | +0.116% | $243K | $2K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0322 | −0.174% | $165.1M | $81.1M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0323 | −0.164% | $149.4M | $290.5M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0323 | −0.164% | $51.6M | $52.2M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0317 | −0.222% | $67.7M | $167.8M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0323 | −0.164% | — | $81.8M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0332 | −0.077% | $658K | $1.1M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0329 | −0.103% | $2.3M | $2.8M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0354 | +0.132% | $168K | $4.4M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0339 | −0.011% | $454K | $7.0M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0356 | +0.155% | $235K | $442K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0333 | −0.068% | $108K | $775K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0337 | −0.029% | $2K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0321 | −0.184% | $6K | $2.4M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0319 | −0.203% | $639K | $18.5M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0320 | −0.193% | $11.5M | $24.9M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0318 | −0.214% | $1.4M | $3.8M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0324 | −0.156% | $49K | $37K | 3x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0322 | −0.174% | $8.0M | $24.1M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0224% | 1h | 1.0367 | +0.261% | $985K | $14.0M | 50x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0273% | 1h | 1.0325 | −0.146% | $7.2M | $24.1M | 50x | as long as short |
| Phoenix SUI | +0.0327% | 1h | 1.0352 | +0.112% | $205K | $593K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0639% / S −0.0309% | 1h | 1.0324 | −0.151% | $901K | — | 100x | as long as short |
| Hyperliquid SUIlong | +0.0680% | 1h | 1.0340 | long leg | $74.6M | $80.8M | 10x | |
| Aftermath Perps SUIUSD | +0.0841% | 1h | 1.0349 | +0.085% | $94K | $382K | 10x | as long as short |
01 Exchange SUIUSD
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
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
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
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Kraken Futures PF_SUIUSD
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD