Funding you earn now, next payment 23:00 UTC+0.0377%/8h= +41.3% APRnext payment +$0.47 per $10,000 · paid last 24h +0.107%
Price spread now: Hyperliquid against Lighter+0.125%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$220.224% of the position
Funding, last 7 days+0.155%+$15 on $10k
+Price spread, last 7 days−0.179%−$18 · spread now +0.125%, 7d avg +0.043%
=Together, before fees−0.024%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Hyperliquid is 0.082% dearer against Lighter than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.043%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.155% in total (about 8.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.47 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 | Lighter SUI | 1.0306 | 0.0096 | pay 0.0012% / 1h | 40m 01s | $795K | $5.9M | 10x |
| Short | Hyperliquid SUI | 1.0319 | 0.0473 | get 0.0059% / 1h | 40m 01s | $73.5M | $81.5M | 10x |
Lighter SUI
Hyperliquid SUIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Lighter. 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
- $79.13
- Price spread: +0.125% → +0.043%
- $8.18
- Slippage, 4 orders
- −$13.39
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $64.92
- Costs to cover
- 0.224%
- Break-even
- 1.3 days
Slippage from Lighter: live order book, 3 min ago; Hyperliquid: live order book, 4 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, 3 min ago | 1.79 bp | 2.7 bp −$3 | 10.1 bp −$101 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 0.49 bp | 7.0 bp −$7 | 14.2 bp −$142 | 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 | 1.0133 | −1.681% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0368% | 1h | 1.0301 | −0.050% | $4K | $3K | 20x | as long as short |
| Bluefin SUI-PERP | −0.0171% | 1h | 1.0292 | −0.139% | $590K | $406K | 25x | as long as short |
| Hibachi SUI/USDT-P | −0.0096% | 1h | 1.0299 | −0.067% | $6K | $18K | 7x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0301 | −0.053% | $94K | $66K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0314 | +0.079% | $460K | $5.5M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0305 | −0.013% | $191K | $570K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0002% | 1h | 1.0303 | −0.031% | $119K | — | 150x | as long as short |
| Lighter SUIlong | +0.0096% | 1h | 1.0306 | long leg | $795K | $5.9M | 10x | |
| Lighter RH SUI | +0.0096% | 1h | 1.0310 | +0.036% | $254K | $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
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
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 | 1.0301 | −0.051% | $37K | $503K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0098% | 8h | 1.0302 | −0.042% | $45K | $375K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0303 | −0.033% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0301 | −0.047% | $599K | $1.3M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0305 | −0.013% | $1.0M | $4.5M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0302 | −0.039% | $224K | $262K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0305 | −0.013% | $152.3M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0309 | +0.026% | $103.5M | $306.8M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0308 | +0.016% | $41.1M | $385.2M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0310 | +0.036% | $149K | $284K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0303 | −0.035% | $242K | $2K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0305 | −0.013% | $166.0M | $80.6M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0308 | +0.016% | $149.1M | $295.1M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0301 | −0.051% | $51.9M | $52.2M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0306 | −0.003% | $67.9M | $168.7M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0307 | +0.007% | — | $81.8M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0304 | −0.022% | $655K | $1.1M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0302 | −0.039% | $2.3M | $2.8M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0291 | −0.151% | $166K | $4.4M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0297 | −0.088% | $445K | $7.0M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0302 | −0.042% | $234K | $441K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0308 | +0.016% | $107K | $787K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0318 | +0.114% | $2K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0305 | −0.013% | $6K | $2.4M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0302 | −0.042% | $629K | $18.7M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0303 | −0.032% | $11.5M | $24.6M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0308 | +0.017% | $1.4M | $3.8M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0304 | −0.026% | $49K | $37K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0112% | 1h | 1.0305 | −0.013% | $9K | $9K | 10x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0300 | −0.061% | $8.0M | $23.9M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0248% | 1h | 1.0303 | −0.032% | $981K | $13.9M | 50x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0295% | 1h | 1.0309 | +0.027% | $7.2M | $24.2M | 50x | as long as short |
| Phoenix SUI | +0.0346% | 1h | 1.0317 | +0.101% | $204K | $574K | 10x | as long as short |
| Hyperliquid SUIshort | +0.0473% | 1h | 1.0319 | +0.125% | $73.5M | $81.5M | 10x | |
| GMX SUI/USD [ETH-USDC] | L +0.0637% / S −0.0309% | 1h | 1.0303 | −0.030% | $899K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0689% | 1h | 1.0295 | −0.113% | $94K | $381K | 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