Funding you earn now, next payment 06:00 UTC−0.0230%/8h= −25.1% APRnext payment −$0.29 per $10,000 · paid last 24h −0.100%
Price spread now: Polymarket Perps against Hyperliquid+0.138%7-day average −0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$320.318% of the position
Funding, last 7 days−0.259%−$26 on $10k
+Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.138%, 7d avg −0.050%
=Together, before fees−0.276%+ Points / potential airdropHyperliquid: Season 2 · farm board−$28 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Polymarket Perps is 0.188% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.138% now, against its 7-day average of −0.050%): +$19 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SUI | 1.0168 | 0.0330 | pay 0.0041% / 1h | 40m 52s | $72.9M | $80.7M | 10x |
| Short | Polymarket Perps SUI-USD | 1.0182 | 0.0100 | get 0.0013% / 1h | 40m 52s | $136K | $727K | 10x |
Hyperliquid SUI
Polymarket Perps SUI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$48.2
- Price spread: +0.138% → −0.050%
- $18.81
- Slippage, 4 orders
- −$14.77
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$61.16
- Costs to cover
- 0.318%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 13 min ago; Polymarket Perps: live order book, 7 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, 13 min ago | 1.47 bp | 8.0 bp −$8 | 13.8 bp −$138 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 7 min ago | 2.44 bp | 10.3 bp −$10 | 12.5 bp −$125 | 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 | −0.3309% | 1h | 1.0121 | −0.462% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0378% | 1h | 1.0175 | +0.069% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0144% | 1h | 1.0190 | +0.220% | $6K | $19K | 7x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0187 | +0.184% | $128K | $227K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0175 | +0.067% | $481K | $5.0M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0164 | −0.039% | $197K | $562K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0168 | 0.000% | $114K | — | 150x | as long as short |
| Bluefin SUI-PERP | +0.0061% | 1h | 1.0151 | −0.167% | $582K | $406K | 25x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0166 | −0.018% | $775K | $5.4M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0170 | +0.021% | $301K | $2.2M | 10x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Bluefin SUI-PERP
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 | 1.0179 | +0.108% | $9K | $3K | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0179 | +0.108% | $47K | $519K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0163 | −0.049% | $46K | $199K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0177 | +0.087% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0172 | +0.039% | $576K | $2.1M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0159 | −0.090% | $873K | $4.3M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0186 | +0.174% | $220K | $254K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0158 | −0.099% | $144.9M | $1.04B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0151 | −0.167% | $100.0M | $309.4M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0154 | −0.138% | $40.2M | $382.9M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0180 | +0.118% | $43K | $330K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0196 | +0.277% | $240K | $2K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0155 | −0.128% | $166.5M | $82.8M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0158 | −0.098% | $150.8M | $291.2M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0157 | −0.108% | $49.9M | $53.8M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0155 | −0.128% | $66.2M | $175.5M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0156 | −0.118% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0156 | −0.118% | $627K | $1.3M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0163 | −0.050% | $2.4M | $3.4M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0210 | +0.408% | $164K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0212 | +0.429% | $442K | $7.5M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0210 | +0.413% | $223K | $435K | 50x | as long as short |
| Polymarket Perps SUI-USDshort | +0.0100% | 1h | 1.0182 | +0.138% | $136K | $727K | 10x | |
| SunX SUI-USDT | +0.0100% | 8h | 1.0192 | +0.236% | $2K | $1.7M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0165 | −0.030% | $14K | $1.9M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0159 | −0.089% | $594K | $19.3M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0165 | −0.030% | $11.7M | $27.5M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0155 | −0.130% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0146 | −0.217% | $39K | $11K | 3x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0173% | 1h | 1.0167 | −0.013% | $6.7M | $24.6M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0167 | −0.010% | $7.5M | $24.4M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0248% | 1h | 1.0168 | 0.000% | $968K | $14.9M | 50x | as long as short |
| Hyperliquid SUIlong | +0.0330% | 1h | 1.0168 | long leg | $72.9M | $80.7M | 10x | |
| Phoenix SUI | +0.0416% | 1h | 1.0216 | +0.476% | $202K | $422K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0602% / S −0.0263% | 1h | 1.0168 | +0.001% | $935K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1375% | 1h | 1.0209 | +0.403% | $82K | $407K | 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
Arcus SUI-USD
Bulk SUI-USD
Gate SUI_USDT
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
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Phemex SUIUSDT
Extended SUI-USD
Aevo SUI-PERP
Kraken Futures PF_SUIUSD
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD