Funding you earn now, next payment 04:00 UTC+0.0308%/8h= +33.7% APRpaid last 24h +0.049%
Price spread now: Phoenix against Phemex+0.110%7-day average +0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$550.554% of the position
Funding, last 7 days+0.105%+$10 on $10k
+Price spread, last 4 days (all we have)−0.227%−$23 · spread now +0.110%, 7d avg +0.079%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Phoenix is 0.031% dearer against Phemex than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.079%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.105% in total (about 5.5% a year). A funding rate is set anew for every payment. 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 | Phemex SUIUSDT | 1.0221 | 0.0100 | pay 0.0100% / 8h | 2h 55m | $11.7M | $27.4M | 50x |
| Short | Phoenix SUI | 1.0232 | 0.0408 | get 0.0051% / 1h | 55m 07s | $203K | $422K | 10x |
Phemex SUIUSDT
Phoenix SUIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $64.71
- Price spread: +0.110% → +0.079%
- $3.08
- Slippage, 4 orders
- −$36.36
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $12.43
- Costs to cover
- 0.554%
- Break-even
- 5.7 days
Slippage from Phemex: live order book, 4 min ago; Phoenix: live order book, 57 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 | 0.49 bp | 21.3 bp −$21 | 34.8 bp −$348 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 57 min ago | 0.96 bp | 12.3 bp −$12 | 43.0 bp −$430 | 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 | 1.0051 | −1.663% | $41K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0377% | 1h | 1.0200 | −0.201% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0128% | 1h | 1.0226 | +0.048% | $6K | $19K | 7x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0208 | −0.128% | $128K | $227K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0217 | −0.039% | $480K | $5.0M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0218 | −0.029% | $199K | $571K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0202 | −0.182% | $115K | — | 150x | as long as short |
| Bluefin SUI-PERP | +0.0072% | 1h | 1.0206 | −0.147% | $585K | $406K | 25x | as long as short |
| 01 Exchange SUIUSD | +0.0088% | 1h | 1.0205 | −0.157% | $9K | $3K | 10x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0218 | −0.027% | $774K | $5.4M | 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
01 Exchange SUIUSD
Lighter SUIShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH SUI | +0.0096% | 1h | 1.0227 | +0.056% | $304K | $2.2M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0205 | −0.157% | $46K | $519K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0214 | −0.068% | $47K | $186K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0210 | −0.106% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0204 | −0.161% | $577K | $2.1M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0228 | +0.072% | $876K | $4.3M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0217 | −0.039% | $220K | $253K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0227 | +0.055% | $145.6M | $1.04B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0227 | +0.058% | $100.7M | $309.8M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0225 | +0.039% | $40.4M | $386.3M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0210 | −0.108% | $43K | $330K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0161 | −0.583% | $239K | $2K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0220 | −0.010% | $167.1M | $82.4M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0223 | +0.020% | $152.5M | $290.0M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0223 | +0.020% | $50.2M | $54.1M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0222 | +0.010% | $66.7M | $175.3M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0223 | +0.020% | — | $82.4M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0220 | −0.010% | $630K | $1.4M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0231 | +0.095% | $2.4M | $3.4M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0211 | −0.096% | $164K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0228 | +0.068% | $448K | $7.5M | 10x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0209 | −0.117% | $137K | $736K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0239 | +0.176% | $2K | $1.7M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0220 | −0.010% | $14K | $2.0M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0218 | −0.029% | $592K | $19.6M | 75x | as long as short |
| Phemex SUIUSDTlong | +0.0100% | 8h | 1.0221 | long leg | $11.7M | $27.4M | 50x | |
| Extended SUI-USD | +0.0104% | 1h | 1.0214 | −0.067% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0225 | +0.036% | $39K | $11K | 3x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0172% | 1h | 1.0220 | −0.011% | $6.7M | $24.8M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0221 | 0.000% | $7.6M | $24.5M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0248% | 1h | 1.0214 | −0.068% | $973K | $15.0M | 50x | as long as short |
| Hyperliquid SUI | +0.0319% | 1h | 1.0231 | +0.098% | $73.4M | $80.9M | 10x | as long as short |
| Phoenix SUIshort | +0.0408% | 1h | 1.0232 | +0.110% | $203K | $422K | 10x | |
| GMX SUI/USD [ETH-USDC] | L +0.0595% / S −0.0258% | 1h | 1.0200 | −0.201% | $927K | — | 100x | as long as short |
| ApeX Omni SUIUSDT | +0.0646% | 1h | 1.0225 | +0.039% | $223K | $434K | 50x | as long as short |
| Aftermath Perps SUIUSD | +0.1423% | 1h | 1.0212 | −0.091% | $82K | $407K | 10x | as long as short |
Lighter RH SUI
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
Polymarket Perps SUI-USD
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Extended SUI-USD
Aevo SUI-PERP
Kraken Futures PF_SUIUSD
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
ApeX Omni SUIUSDT
Aftermath Perps SUIUSD