Funding you earn now, next payment 00:00 UTC−0.0199%/8h= −21.8% APRnext payment −$0.25 per $10,000 · paid last 24h −0.030%
Price spread now: Arcus against Phoenix+0.390%7-day average −0.093% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$2as in the Price arb table
costs, in and out, $10k−$500.499% of the position
Funding, last 3 days (all we have)−0.055%−$6 on $10k
+Price spread, last 3 days (all we have)−0.558%−$56 · spread now +0.390%, 7d avg −0.093%
=The price spread pays, funding is against you. Arcus is 0.483% dearer against Phoenix than usual: you sell high and buy low (spread +0.390% now, against its 7-day average of −0.093%): +$48 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 8.1 days. At the pace of the last 3 days (−0.055% in total) that is about 30 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.055% in total (about -5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.25 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 | 1.0658 | 0.0299 | pay 0.0037% / 1h | 15m 32s | $211K | $590K | 10x |
| Short | Arcus SUI-USD | 1.0700 | 0.0100 | get 0.0013% / 1h | 15m 32s | $47K | $387K | 10x |
Phoenix SUI
Arcus SUI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Phoenix. 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
- −$41.76
- Price spread: +0.390% → −0.093%
- $48.29
- Slippage, 4 orders
- −$38.39
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$43.36
- Costs to cover
- 0.499%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 57 min ago; Arcus: live order book, 58 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, 57 min ago | 0.96 bp | 12.3 bp −$12 | 50.6 bp −$506 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 58 min ago | 4.82 bp | 9.0 bp −$9 | 24.7 bp −$247 | 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 | −0.3416% | 1h | 1.0391 | −2.509% | $43K | $123K | 12x | as long as short |
| Hibachi SUI/USDT-P | −0.0488% | 1h | 1.0706 | +0.448% | $6K | $18K | 7x | as long as short |
| Bluefin SUI-PERP | −0.0481% | 1h | 1.0697 | +0.362% | $614K | $411K | 25x | as long as short |
| Reya SUIRUSDPERP | −0.0371% | 1h | 1.0702 | +0.413% | $4K | $3K | 20x | as long as short |
| Phemex SUIUSDT | −0.0104% | 8h | 1.0703 | +0.418% | $12.0M | $25.2M | 50x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0728 | +0.655% | $98K | $170K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0716 | +0.539% | $558K | $4.9M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0717 | +0.550% | $208K | $581K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0715 | +0.529% | $118K | — | 150x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0037% | 1h | 1.0729 | +0.659% | $7.4M | $24.1M | 50x | as long as short |
Injective SUI/USDC PERP
Hibachi SUI/USDT-P
Bluefin SUI-PERP
Reya SUIRUSDPERP
Phemex SUIUSDT
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Kraken Futures PF_SUIUSDShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUIUSD | +0.0056% | 1h | 1.0699 | +0.381% | $9K | $9K | 10x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0724 | +0.618% | $837K | $5.9M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0725 | +0.627% | $280K | $2.1M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0706 | +0.447% | $32K | $476K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0709 | +0.475% | $50K | $310K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0733 | +0.700% | $28K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0708 | +0.463% | $703K | $1.5M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0721 | +0.583% | $1.1M | $4.8M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0726 | +0.638% | $234K | $251K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0709 | +0.476% | $158.6M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0708 | +0.464% | $106.7M | $306.7M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0704 | +0.428% | $42.6M | $397.0M | 50x | as long as short |
| Arcus SUI-USDshort | +0.0100% | 1h | 1.0700 | +0.390% | $47K | $387K | 10x | |
| Bulk SUI-USD | +0.0100% | 1h | 1.0632 | −0.248% | $250K | $3K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0707 | +0.456% | $175.4M | $82.3M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0700 | +0.390% | $157.2M | $299.9M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0726 | +0.634% | $52.2M | $53.0M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0702 | +0.409% | $69.7M | $168.4M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0706 | +0.447% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0715 | +0.531% | $681K | $1.1M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0698 | +0.370% | $2.5M | $2.9M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0653 | −0.055% | $173K | $4.6M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0668 | +0.090% | $465K | $7.1M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0665 | +0.062% | $237K | $493K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0715 | +0.531% | $123K | $748K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0721 | +0.587% | $2K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0719 | +0.569% | $6K | $2.2M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0719 | +0.569% | $666K | $19.0M | 75x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0702 | +0.411% | $1.5M | $4.0M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0714 | +0.519% | $41K | $16K | 3x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0200% | 1h | 1.0720 | +0.578% | $1.0M | $14.9M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0653 | −0.051% | $8.1M | $25.3M | 100x | as long as short |
| Phoenix SUIlong | +0.0299% | 1h | 1.0658 | long leg | $211K | $590K | 10x | |
| Hyperliquid SUI | +0.0422% | 1h | 1.0724 | +0.615% | $77.7M | $79.3M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0642% / S −0.0320% | 1h | 1.0715 | +0.533% | $922K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0929% | 1h | 1.0662 | +0.030% | $79K | $378K | 10x | as long as short |
01 Exchange SUIUSD
Lighter SUI
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
Bulk SUI-USD
Gate SUI_USDT
MEXC SUI_USDT
KuCoin SUIUSDTM
Bitget SUIUSDT
BingX SUI-USDC
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
Aevo SUI-PERP
Coinbase International SUI-PERP-INTX
BloFin SUI-USDT
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD