Funding you earn now, next payment 22:00 UTC−0.0036%/8h= −4.0% APRnext payment −$0.05 per $10,000 · paid last 24h +0.011%
Price spread now: GMX against Phoenix−0.550%7-day average −0.056% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.040%+$4 on $10k
+Price spread, last 3 days (all we have)+0.614%+$61 · spread now −0.550%, 7d avg −0.056%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and GMX is 0.494% cheaper against Phoenix than usual: you would sell low and buy high (−$49 if the spread goes back to its 7-day average of −0.056%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SUI | 1.0319 | 0.0346 | pay 0.0043% / 1h | 35m 26s | $204K | $574K | 10x |
| Short | GMX SUI/USD [ETH-USDC] | 1.0263 | L +0.0637% / S −0.0309% | get 0.0039% / 1h | 35m 26s | $897K | — | 100x |
Phoenix SUI
GMX SUI/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- −$7.66
- Price spread: −0.550% → −0.056%
- −$49.42
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$76.08
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 47 min ago; GMX: no order-book sample. Net counts fees only.
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, 47 min ago | 0.98 bp | 12.3 bp −$12 | 50.5 bp −$505 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 1.0133 | −1.805% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0368% | 1h | 1.0268 | −0.493% | $4K | $3K | 20x | as long as short |
| Bluefin SUI-PERP | −0.0148% | 1h | 1.0252 | −0.652% | $587K | $407K | 25x | as long as short |
| Hibachi SUI/USDT-P | −0.0112% | 1h | 1.0282 | −0.359% | $6K | $18K | 7x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0255 | −0.626% | $93K | $66K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0271 | −0.464% | $458K | $5.5M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0271 | −0.468% | $190K | $562K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0002% | 1h | 1.0264 | −0.533% | $119K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0260 | −0.578% | $788K | $5.9M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0261 | −0.563% | $259K | $2.0M | 10x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Bluefin SUI-PERP
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 | 1.0268 | −0.497% | $37K | $503K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0098% | 8h | 1.0263 | −0.546% | $45K | $371K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0256 | −0.616% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0265 | −0.526% | $597K | $1.3M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0270 | −0.481% | $1.0M | $4.5M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0259 | −0.580% | $223K | $262K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0265 | −0.528% | $151.7M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0265 | −0.527% | $102.9M | $307.1M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0264 | −0.536% | $41.0M | $383.4M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0270 | −0.478% | $148K | $284K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0303 | −0.161% | $242K | $2K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0266 | −0.517% | $165.2M | $80.7M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0265 | −0.526% | $149.2M | $295.6M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0270 | −0.478% | $51.6M | $52.1M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0265 | −0.526% | $67.6M | $168.5M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0265 | −0.526% | — | $81.8M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0252 | −0.652% | $650K | $1.1M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0282 | −0.358% | $2.3M | $2.8M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0284 | −0.339% | $166K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0280 | −0.377% | $445K | $7.0M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0301 | −0.177% | $234K | $441K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0277 | −0.410% | $107K | $790K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0290 | −0.284% | $2K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0261 | −0.565% | $6K | $2.4M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0251 | −0.662% | $631K | $18.7M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0256 | −0.613% | $11.5M | $24.7M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0267 | −0.508% | $1.4M | $3.8M | 50x | as long as short |
| 01 Exchange SUIUSD | +0.0104% | 1h | 1.0271 | −0.468% | $9K | $9K | 10x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0268 | −0.501% | $49K | $37K | 3x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0282 | −0.361% | $8.0M | $23.9M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0248% | 1h | 1.0278 | −0.400% | $972K | $13.9M | 50x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0296% | 1h | 1.0261 | −0.560% | $7.2M | $24.2M | 50x | as long as short |
| Phoenix SUIlong | +0.0346% | 1h | 1.0319 | long leg | $204K | $574K | 10x | |
| Hyperliquid SUI | +0.0481% | 1h | 1.0284 | −0.342% | $73.3M | $81.0M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC]short | L +0.0637% / S −0.0309% | 1h | 1.0263 | −0.550% | $897K | — | 100x | |
| Aftermath Perps SUIUSD | +0.0723% | 1h | 1.0284 | −0.343% | $94K | $381K | 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
Phemex SUIUSDT
Extended SUI-USD
01 Exchange SUIUSD
Aevo SUI-PERP
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Kraken Futures PF_SUIUSD
Hyperliquid SUI
Aftermath Perps SUIUSD