SUI

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.005%

Price spread now: Deribit against Lighter+0.026%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$250.255% of the position

Long on Lighter Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 3 days (all we have)+0.001%$0 · spread now +0.026%, 7d avg +0.023%

Together, before fees−0.008%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.023%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SUI	1.0258	0.0096	pay 0.0012% / 1h	32m 56s	$787K	$5.9M	10x
Short	Deribit SUI_USDC-PERPETUAL	1.0261	0	get 0.0000% / 1h	32m 56s	$190K	$562K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee DeribitbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$20.16
Price spread: +0.026% → +0.023%: $0.29
Slippage, 4 orders: −$18.46
Fee Lighter: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$45.33
Costs to cover: 0.255%
Break-even: never at this rate

Slippage from Lighter: live order book, 5 min ago; Deribit: live order book, 51 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 Lighter live order book, 5 min ago	2.19 bp	3.6 bp −$4	13.7 bp −$137	doesn't fit	doesn't fit
Sell Deribit live order book, 51 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	1.0179	−0.773%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0368%	1h	1.0262	+0.039%	$4K	$3K	20x	as long as short
Bluefin SUI-PERP	−0.0139%	1h	1.0248	−0.100%	$587K	$406K	25x	as long as short
Hibachi SUI/USDT-P	−0.0120%	1h	1.0264	+0.051%	$6K	$18K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0275	+0.160%	$94K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0279	+0.202%	$457K	$5.5M	2.5x	as long as short
Deribit SUI_USDC-PERPETUALshort	0.0000%	1h	1.0261	+0.026%	$190K	$562K	25x
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0260	+0.021%	$119K	—	150x	as long as short
Lighter SUIlong	+0.0096%	1h	1.0258	long leg	$787K	$5.9M	10x
Lighter RH SUI	+0.0096%	1h	1.0262	+0.038%	$258K	$2.0M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex SUIUSDT	+0.0096%	1h	1.0273	+0.143%	$37K	$503K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0098%	8h	1.0259	+0.007%	$45K	$371K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0275	+0.158%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0267	+0.085%	$597K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0259	+0.004%	$1.0M	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0279	+0.199%	$223K	$262K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0256	−0.027%	$151.3M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0257	−0.017%	$102.7M	$307.2M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0254	−0.042%	$40.9M	$383.7M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0290	+0.309%	$148K	$284K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0303	+0.433%	$242K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0254	−0.042%	$164.9M	$80.8M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0256	−0.022%	$148.6M	$296.0M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0253	−0.052%	$51.6M	$52.1M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0249	−0.091%	$67.5M	$168.4M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0255	−0.032%	—	$81.8M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0252	−0.061%	$650K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0282	+0.234%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0263	+0.045%	$165K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0249	−0.093%	$444K	$7.0M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0270	+0.114%	$233K	$441K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0273	+0.143%	$107K	$790K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0284	+0.251%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0255	−0.032%	$7K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0258	−0.003%	$627K	$18.7M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0256	−0.022%	$11.5M	$24.7M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0254	−0.040%	$1.4M	$3.8M	50x	as long as short
01 Exchange SUIUSD	+0.0104%	1h	1.0277	+0.182%	$9K	$9K	10x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0273	+0.147%	$49K	$37K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0254	−0.042%	$8.0M	$23.8M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0275	+0.163%	$981K	$13.9M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0296%	1h	1.0258	−0.004%	$7.1M	$24.2M	50x	as long as short
Phoenix SUI	+0.0346%	1h	1.0281	+0.222%	$203K	$574K	10x	as long as short
Hyperliquid SUI	+0.0489%	1h	1.0268	+0.095%	$73.2M	$81.0M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0636% / S −0.0309%	1h	1.0259	+0.007%	$896K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0720%	1h	1.0277	+0.186%	$94K	$381K	10x	as long as short