Funding you earn now, next payment 03:00 UTC−0.0390%/8h= −42.7% APRnext payment −$0.49 per $10,000 · paid last 24h −0.069%
Price spread now: dYdX against Phoenix−0.090%7-day average −0.116% · you buy dearer than you sell
Net, funding: paid 7d − costs−$334as in the Funding arb table
Net, price: spread back to 7d avg − costs−$311as in the Price arb table
costs, in and out, $10k−$3143.139% of the position
Funding, last 7 days−0.199%−$20 on $10k
+Price spread, last 4 days (all we have)−0.211%−$21 · spread now −0.090%, 7d avg −0.116%
=The price spread pays, funding is against you. dYdX is 0.026% dearer against Phoenix than usual: you sell high and buy low (spread −0.090% now, against its 7-day average of −0.116%): +$3 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.199% in total) that is about 22 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.199% in total (about -10.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.49 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 | 1.0371 | 0.0390 | pay 0.0049% / 1h | 55m 21s | $210K | $415K | 10x |
| Short | dYdX SUI-USD | 1.0361 | 0 | get 0.0000% / 1h | 55m 21s | $130K | $227K | 10x |
Phoenix SUI
dYdX SUI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$81.83
- Price spread: −0.090% → −0.116%
- $2.6
- Slippage, 4 orders
- −$296.89
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$393.12
- Costs to cover
- 3.139%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 62 min ago; dYdX: live order book, 19 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, 62 min ago | 0.95 bp | 12.3 bp −$12 | 50.6 bp −$506 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 19 min ago | 30.82 bp | 177.3 bp −$177 | 366.9 bp −$3,669 | 832.1 bp −$83.2K | 978.0 bp −$489.0K |
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 | −0.3470% | 1h | 1.0250 | −1.162% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0376% | 1h | 1.0354 | −0.160% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0312% | 1h | 1.0356 | −0.144% | $6K | $19K | 7x | as long as short |
| Kraken Futures PF_SUIUSD | −0.0067% | 1h | 1.0364 | −0.064% | $6.8M | $26.9M | 50x | as long as short |
| dYdX SUI-USDshort | 0.0000% | 1h | 1.0361 | −0.090% | $130K | $227K | 10x | |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0345 | −0.245% | $496K | $5.0M | 2.5x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0359 | −0.111% | $116K | — | 150x | as long as short |
| Bluefin SUI-PERP | +0.0015% | 1h | 1.0350 | −0.198% | $592K | $406K | 25x | as long as short |
| Deribit SUI_USDC-PERPETUAL | +0.0039% | 1h | 1.0367 | −0.034% | $201K | $573K | 25x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0367 | −0.031% | $800K | $5.4M | 10x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
Kraken Futures PF_SUIUSD
Kalshi KXSUIPERP
gTrade (Gains Network) SUI/USD
Bluefin SUI-PERP
Deribit SUI_USDC-PERPETUAL
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 | 1.0363 | −0.072% | $299K | $2.2M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0360 | −0.101% | $42K | $511K | 50x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0361 | −0.094% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0355 | −0.145% | $584K | $2.1M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0363 | −0.073% | $906K | $4.6M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0365 | −0.052% | $224K | $259K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0359 | −0.112% | $150.1M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0364 | −0.063% | $101.8M | $310.0M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0363 | −0.072% | $40.7M | $388.5M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0360 | −0.101% | $44K | $330K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0339 | −0.304% | $243K | $6K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0358 | −0.121% | $169.8M | $80.8M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0357 | −0.130% | $152.9M | $291.9M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0355 | −0.149% | $49.9M | $53.9M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0358 | −0.121% | $67.6M | $172.5M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0360 | −0.101% | — | $82.6M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0353 | −0.169% | $654K | $1.4M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0363 | −0.075% | $2.5M | $3.4M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0362 | −0.083% | $170K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0356 | −0.142% | $452K | $7.6M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0364 | −0.063% | $228K | $429K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0365 | −0.053% | $123K | $746K | 10x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0362 | −0.082% | $48K | $144K | 20x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0332 | −0.371% | $2K | $1.7M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0360 | −0.101% | $14K | $2.1M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0357 | −0.130% | $585K | $19.7M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0362 | −0.082% | $11.9M | $26.8M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0358 | −0.124% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0369 | −0.019% | $39K | $11K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0144% | 1h | 1.0361 | −0.092% | $9K | $2K | 10x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0354 | −0.159% | $7.9M | $24.8M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0248% | 1h | 1.0371 | +0.005% | $975K | $15.0M | 50x | as long as short |
| Hyperliquid SUI | +0.0381% | 1h | 1.0370 | −0.005% | $75.0M | $81.6M | 10x | as long as short |
| Phoenix SUIlong | +0.0390% | 1h | 1.0371 | long leg | $210K | $415K | 10x | |
| GMX SUI/USD [ETH-USDC] | L +0.0612% / S −0.0267% | 1h | 1.0356 | −0.136% | $957K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1505% | 1h | 1.0371 | +0.001% | $83K | $402K | 10x | as long as short |
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
Orderly PERP_SUI_USDC
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Phemex SUIUSDT
Extended SUI-USD
Aevo SUI-PERP
01 Exchange SUIUSD
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD