SUI

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0227%/8h= −24.8% APRnext payment −$0.28 per $10,000 · paid last 24h −0.026%

Price spread now: ApeX Omni against Phoenix−0.184%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$480.482% of the position

Long on Phoenix Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 3 days (all we have)+0.060%+$6 · spread now −0.184%, 7d avg −0.018%

Together, before fees+0.080%+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and ApeX Omni is 0.166% cheaper against Phoenix than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.018%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.021% in total (about 1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.28 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	Phoenix SUI	1.0412	0.0327	pay 0.0041% / 1h	0m 47s	$207K	$593K	10x
Short	ApeX Omni SUIUSDT	1.0393	0.0100	get 0.0013% / 1h	0m 47s	$236K	$444K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Phoenix. 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 PhoenixbpFee ApeX OmnibpOrdersPrice spread, now −0.184%Rate

Funding earned: −$47.64
Price spread: −0.184% → −0.018%: −$16.6
Slippage, 4 orders: −$31.22
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$112.46
Costs to cover: 0.482%
Break-even: never at this rate

Slippage from Phoenix: live order book, 12 min ago; ApeX Omni: live order book, 12 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 Phoenix live order book, 12 min ago	0.96 bp	12.3 bp −$12	50.6 bp −$506	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 12 min ago	4.83 bp	11.2 bp −$11	44.2 bp −$442	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	−0.3474%	1h	1.0260	−1.462%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0370%	1h	1.0398	−0.140%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0368%	1h	1.0386	−0.254%	$6K	$19K	7x	as long as short
Bluefin SUI-PERP	−0.0061%	1h	1.0428	+0.152%	$598K	$407K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0395	−0.170%	$95K	$175K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0406	−0.062%	$468K	$5.2M	2.5x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0405	−0.067%	$120K	—	150x	as long as short
01 Exchange SUIUSD	+0.0088%	1h	1.0395	−0.165%	$9K	$9K	10x	as long as short
Lighter SUI	+0.0096%	1h	1.0466	+0.520%	$802K	$6.0M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0468	+0.532%	$263K	$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	1.0392	−0.194%	$41K	$493K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0436	+0.229%	$46K	$327K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0390	−0.211%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0392	−0.189%	$658K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0458	+0.436%	$1.0M	$4.8M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0393	−0.182%	$225K	$259K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0462	+0.482%	$155.2M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0463	+0.489%	$105.4M	$308.2M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0469	+0.546%	$41.9M	$392.7M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0390	−0.213%	$46K	$387K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0455	+0.411%	$168.6M	$82.0M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0453	+0.392%	$152.1M	$293.3M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0448	+0.344%	$51.5M	$52.8M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0462	+0.478%	$68.9M	$168.1M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0453	+0.392%	—	$81.6M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0448	+0.344%	$675K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0392	−0.193%	$2.3M	$2.9M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0390	−0.210%	$169K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0382	−0.293%	$446K	$7.1M	10x	as long as short
ApeX Omni SUIUSDTshort	+0.0100%	1h	1.0393	−0.184%	$236K	$444K	50x
Polymarket Perps SUI-USD	+0.0100%	1h	1.0405	−0.069%	$109K	$772K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0415	+0.027%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0434	+0.209%	$6K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0435	+0.219%	$654K	$18.5M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0430	+0.171%	$11.7M	$25.0M	50x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0379	−0.322%	$244K	$2K	10x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0452	+0.382%	$1.5M	$3.8M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0441	+0.273%	$49K	$37K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0434	+0.209%	$8.0M	$24.4M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0224%	1h	1.0441	+0.277%	$1.0M	$14.1M	50x	as long as short
Deribit SUI_USDC-PERPETUAL	+0.0229%	1h	1.0445	+0.315%	$203K	$587K	25x	as long as short
Kraken Futures PF_SUIUSD	+0.0270%	1h	1.0443	+0.295%	$7.3M	$24.3M	50x	as long as short
Phoenix SUIlong	+0.0327%	1h	1.0412	long leg	$207K	$593K	10x
Hyperliquid SUI	+0.0618%	1h	1.0473	+0.584%	$76.1M	$81.1M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0638% / S −0.0305%	1h	1.0405	−0.073%	$901K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0838%	1h	1.0390	−0.213%	$94K	$382K	10x	as long as short