Funding you earn now, next payment 01:00 UTC+0.0121%/8h= +13.2% APRpaid last 24h +0.036%
Price spread now: Phoenix against Orderly−0.188%66s7-day average +0.088% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.009%−$1 on $10k
+Price spread, last 3 days (all we have)+0.194%+$19 · spread now −0.188%, 7d avg +0.088%
=Funding pays, the price is against you. Phoenix is 0.276% cheaper against Orderly than usual: you would sell low and buy high (spread −0.188% now, against its 7-day average of +0.088%). If the spread goes back, that is −$28 on $10k: about 7.6 days of funding at the current rate (+$4 a day). The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_SUI_USDC | 1.0408 | 0.0100 | pay 0.0100% / 8h | 6h 28m | $47K | $258K | 20x |
| Short | Phoenix SUI | 1.0388 | 0.0221 | get 0.0028% / 1h | 28m 00s | $206K | $595K | 10x |
Orderly PERP_SUI_USDC
Phoenix SUIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Orderly. 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
- $25.37
- Price spread: −0.188% → +0.088%
- −$27.6
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$15.23
- Costs to cover
- 0.130%
- Break-even
- 11.2 days
Slippage unknown: Orderly: no order-book sample; Phoenix: live order book, 40 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 40 min ago | 1.02 bp | 12.3 bp −$12 | 42.9 bp −$429 | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
SUI on 45 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 | −0.4499% | 1h | 1.0211 | −1.893% | $42K | $123K | 12x | as long as short |
| Hibachi SUI/USDT-P | −0.0448% | 1h | 1.0348 | −0.576% | $6K | $19K | 7x | as long as short |
| Reya SUIRUSDPERP | −0.0372% | 1h | 1.0383 | −0.241% | $4K | $3K | 20x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0369 | −0.371% | $94K | $171K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0402 | −0.061% | $500K | $5.1M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0415 | +0.067% | $202K | $579K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0403 | −0.052% | $113K | — | 150x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0011% | 1h | 1.0420 | +0.111% | $6.8M | $27.0M | 50x | as long as short |
| Bluefin SUI-PERP | +0.0080% | 1h | 1.0400 | −0.077% | $595K | $414K | 25x | as long as short |
| 01 Exchange SUIUSD | +0.0088% | 1h | 1.0378 | −0.288% | $9K | $3K | 10x | as long as short |
Injective SUI/USDC PERP
Hibachi SUI/USDT-P
Reya SUIRUSDPERP
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Kraken Futures PF_SUIUSD
Bluefin SUI-PERP
01 Exchange SUIUSDShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter SUI | +0.0096% | 1h | 1.0416 | +0.082% | $822K | $5.7M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0416 | +0.079% | $277K | $2.1M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0376 | −0.307% | $30K | $493K | 50x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0404 | −0.035% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0378 | −0.283% | $751K | $1.9M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0415 | +0.064% | $917K | $5.0M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0372 | −0.348% | $226K | $269K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0416 | +0.081% | $152.5M | $1.05B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0417 | +0.088% | $103.6M | $312.9M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0412 | +0.038% | $41.0M | $394.0M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0380 | −0.269% | $44K | $373K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0354 | −0.519% | $244K | $3K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0414 | +0.058% | $164.4M | $84.1M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0411 | +0.029% | $149.8M | $298.9M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0416 | +0.077% | $51.8M | $53.8M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0411 | +0.029% | $67.9M | $172.2M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0411 | +0.029% | — | $82.4M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0414 | +0.058% | $693K | $1.2M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0337 | −0.683% | $2.4M | $3.2M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0348 | −0.577% | $169K | $4.7M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0348 | −0.578% | $450K | $7.5M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0348 | −0.576% | $236K | $507K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0390 | −0.173% | $120K | $727K | 10x | as long as short |
| Orderly PERP_SUI_USDClong | +0.0100% | 8h | 1.0408 | long leg | $47K | $258K | 20x | |
| SunX SUI-USDT | +0.0100% | 8h | 1.0380 | −0.269% | $3K | $1.8M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0413 | +0.048% | $7K | $2.2M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0401 | −0.067% | $659K | $19.7M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0396 | −0.115% | $11.5M | $25.7M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0409 | +0.013% | $1.4M | $4.0M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0414 | +0.057% | $40K | $16K | 3x | as long as short |
| Hyperliquid SUI | +0.0125% | 1h | 1.0432 | +0.231% | $74.6M | $80.7M | 10x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0152% | 1h | 1.0420 | +0.115% | $1.0M | $14.7M | 50x | as long as short |
| Phoenix SUIshort | +0.0221% | 1h | 1.0388 | −0.188% | $206K | $595K | 10x | |
| GMX SUI/USD [ETH-USDC] | L +0.0614% / S −0.0268% | 1h | 1.0397 | −0.101% | $968K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1013% | 1h | 1.0375 | −0.321% | $78K | $378K | 10x | as long as short |
Lighter SUI
Lighter RH SUI
Popdex SUIUSDT
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
Hyperliquid SUI
Coinbase International SUI-PERP-INTX
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD