Funding you earn now, next payment 23:00 UTC−0.0300%/8h= −32.8% APRpaid last 24h −0.068%
Price spread now: Bluefin against Phemex−0.166%7-day average −0.132% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$490.494% of the position
Funding, last 7 days+0.221%+$22 on $10k
+Price spread, last 3 days (all we have)+0.064%+$6 · spread now −0.166%, 7d avg −0.132%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bluefin is 0.034% cheaper against Phemex than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.132%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.221%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex SUIUSDT | 1.0245 | 0.0100 | pay 0.0100% / 8h | 1h 20m | $11.5M | $24.7M | 50x |
| Short | Bluefin SUI-PERP | 1.0228 | −0.0200 | pay 0.0025% / 1h | 20m 12s | $586K | $405K | 25x |
Phemex SUIUSDT
Bluefin SUI-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bluefin against Phemex. 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
- −$62.97
- Price spread: −0.166% → −0.132%
- −$3.41
- Slippage, 4 orders
- −$30.36
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Net
- −$115.74
- Costs to cover
- 0.494%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 4 min ago; Bluefin: live order book, 64 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 Phemex live order book, 4 min ago | 1.46 bp | 9.7 bp −$10 | 22.6 bp −$226 | doesn't fit | doesn't fit |
| Sell Bluefin live order book, 64 min ago | 0.98 bp | 11.1 bp −$11 | 82.5 bp −$825 | 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 | 1.0140 | −1.025% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0368% | 1h | 1.0245 | −0.002% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0224% | 1h | 1.0246 | +0.009% | $6K | $19K | 7x | as long as short |
| Bluefin SUI-PERPshort | −0.0200% | 1h | 1.0228 | −0.166% | $586K | $405K | 25x | |
| dYdX SUI-USD | 0.0000% | 1h | 1.0253 | +0.075% | $93K | $66K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0253 | +0.077% | $457K | $5.5M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0243 | −0.020% | $190K | $575K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0002% | 1h | 1.0244 | −0.010% | $119K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0243 | −0.020% | $786K | $5.9M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0248 | +0.026% | $258K | $2.0M | 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
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 | 1.0249 | +0.039% | $38K | $501K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0098% | 8h | 1.0239 | −0.059% | $45K | $371K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0250 | +0.046% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0250 | +0.049% | $592K | $1.4M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0244 | −0.006% | $1.0M | $4.5M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0250 | +0.053% | $223K | $263K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0242 | −0.029% | $150.8M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0243 | −0.017% | $102.7M | $307.2M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0244 | −0.010% | $40.8M | $382.8M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0250 | +0.049% | $45K | $387K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0244 | −0.008% | $241K | $2K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0245 | 0.000% | $164.7M | $80.9M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0243 | −0.020% | $148.3M | $297.0M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0242 | −0.029% | $51.5M | $52.2M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0236 | −0.088% | $67.2M | $168.4M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0243 | −0.020% | — | $81.6M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0243 | −0.020% | $653K | $1.1M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0246 | +0.012% | $2.3M | $2.8M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0252 | +0.068% | $165K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0268 | +0.226% | $445K | $7.0M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0259 | +0.137% | $233K | $441K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0254 | +0.088% | $107K | $793K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0251 | +0.059% | $2K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0241 | −0.039% | $6K | $2.4M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0242 | −0.029% | $625K | $18.6M | 75x | as long as short |
| Phemex SUIUSDTlong | +0.0100% | 8h | 1.0245 | long leg | $11.5M | $24.7M | 50x | |
| Extended SUI-USD | +0.0104% | 1h | 1.0238 | −0.068% | $1.4M | $3.7M | 50x | as long as short |
| 01 Exchange SUIUSD | +0.0104% | 1h | 1.0253 | +0.078% | $9K | $9K | 10x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0243 | −0.018% | $48K | $37K | 3x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0250 | +0.049% | $7.9M | $23.8M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0248% | 1h | 1.0248 | +0.029% | $967K | $13.9M | 50x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0297% | 1h | 1.0246 | +0.013% | $7.1M | $24.2M | 50x | as long as short |
| Phoenix SUI | +0.0346% | 1h | 1.0275 | +0.298% | $203K | $574K | 10x | as long as short |
| Hyperliquid SUI | +0.0524% | 1h | 1.0260 | +0.146% | $73.2M | $80.5M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0636% / S −0.0309% | 1h | 1.0242 | −0.025% | $895K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0738% | 1h | 1.0256 | +0.108% | $93K | $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
Extended SUI-USD
01 Exchange SUIUSD
Aevo SUI-PERP
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Kraken Futures PF_SUIUSD
Phoenix SUI
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD