Funding you earn now, next payment 23:00 UTC−0.0352%/8h= −38.6% APRnext payment −$0.44 per $10,000 · paid last 24h −0.112%
Price spread now: Deribit against Hyperliquid−0.029%7-day average −0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$290.293% of the position
Funding, last 7 days−0.164%−$16 on $10k
+Price spread, last 3 days (all we have)−0.010%−$1 · spread now −0.029%, 7d avg −0.069%
=Together, before fees−0.174%+ Points / potential airdropHyperliquid: Season 2 · farm board−$17 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Deribit is 0.040% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.029% now, against its 7-day average of −0.069%): +$4 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.164% in total) that is about 41 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.164% in total (about -8.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.44 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 | 1.0245 | 0.0352 | pay 0.0044% / 1h | 51m 33s | $73.0M | $81.3M | 10x |
| Short | Deribit SUI_USDC-PERPETUAL | 1.0242 | 0 | get 0.0000% / 1h | 51m 33s | $187K | $547K | 25x |
Hyperliquid SUI
Deribit SUI_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$73.99
- Price spread: −0.029% → −0.069%
- $3.99
- Slippage, 4 orders
- −$13.29
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$99.29
- Costs to cover
- 0.293%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 12 min ago; Deribit: live order book, 32 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, 12 min ago | 0.49 bp | 7.1 bp −$7 | 11.5 bp −$115 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 32 min ago | 3.44 bp | 7.9 bp −$8 | 14.9 bp −$149 | 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 | −0.2926% | 1h | 1.0068 | −1.728% | $41K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0367% | 1h | 1.0246 | +0.014% | $4K | $3K | 20x | as long as short |
| Bluefin SUI-PERP | −0.0091% | 1h | 1.0228 | −0.166% | $586K | $404K | 25x | as long as short |
| Hibachi SUI/USDT-P | −0.0040% | 1h | 1.0243 | −0.022% | $6K | $18K | 7x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0233 | −0.116% | $93K | $66K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0250 | +0.044% | $458K | $5.5M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUALshort | 0.0000% | 1h | 1.0242 | −0.029% | $187K | $547K | 25x | |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0002% | 1h | 1.0240 | −0.046% | $118K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0235 | −0.098% | $789K | $5.9M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0236 | −0.089% | $252K | $2.0M | 10x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Bluefin SUI-PERP
Hibachi SUI/USDT-P
dYdX SUI-USD
Kalshi KXSUIPERP
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 | |
|---|---|---|---|---|---|---|---|---|
| Popdex SUIUSDT | +0.0096% | 1h | 1.0235 | −0.098% | $37K | $504K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0098% | 8h | 1.0240 | −0.049% | $45K | $375K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0236 | −0.089% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0248 | +0.029% | $596K | $1.3M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0236 | −0.091% | $1.0M | $4.5M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0234 | −0.109% | $221K | $261K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0234 | −0.107% | $151.3M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0236 | −0.088% | $102.4M | $307.0M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0235 | −0.098% | $40.8M | $383.0M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0240 | −0.049% | $148K | $287K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0236 | −0.091% | $241K | $2K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0233 | −0.117% | $165.0M | $80.4M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0235 | −0.098% | $148.5M | $293.3M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0230 | −0.146% | $51.4M | $52.1M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0232 | −0.127% | $67.3M | $168.8M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0236 | −0.088% | — | $81.9M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0233 | −0.117% | $651K | $1.2M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0245 | −0.004% | $2.3M | $2.8M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0251 | +0.055% | $165K | $4.4M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0259 | +0.140% | $441K | $7.0M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0271 | +0.254% | $232K | $445K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0256 | +0.107% | $107K | $786K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0264 | +0.185% | $2K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0240 | −0.049% | $6K | $2.4M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0246 | +0.010% | $623K | $18.7M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0232 | −0.127% | $11.5M | $24.6M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0230 | −0.142% | $1.4M | $3.8M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0246 | +0.009% | $48K | $37K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0120% | 1h | 1.0239 | −0.059% | $9K | $9K | 10x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0244 | −0.010% | $8.0M | $23.9M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0248% | 1h | 1.0251 | +0.059% | $981K | $13.8M | 50x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0297% | 1h | 1.0243 | −0.021% | $7.2M | $24.1M | 50x | as long as short |
| Phoenix SUI | +0.0346% | 1h | 1.0194 | −0.494% | $184K | $574K | 10x | as long as short |
| Hyperliquid SUIlong | +0.0352% | 1h | 1.0245 | long leg | $73.0M | $81.3M | 10x | |
| GMX SUI/USD [ETH-USDC] | L +0.0636% / S −0.0309% | 1h | 1.0241 | −0.042% | $895K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0670% | 1h | 1.0235 | −0.102% | $91K | $382K | 10x | as long as short |
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
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
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Kraken Futures PF_SUIUSD
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD