Funding you earn now, next payment 22:00 UTC−0.0246%/8h= −26.9% APRpaid last 24h −0.042%
Price spread now: GRVT against Phoenix−0.144%7-day average −0.097% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$380.380% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 3 days (all we have)+0.003%$0 · spread now −0.144%, 7d avg −0.097%
=Together, before fees−0.001%+ Points / potential airdropGRVT: Active · farm board$0 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 GRVT is 0.047% cheaper against Phoenix than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.097%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.004% in total (about -0.2% 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 | Phoenix SUI | 1.0308 | 0.0346 | pay 0.0043% / 1h | 55m 07s | $204K | $593K | 10x |
| Short | GRVT SUI_USDT_Perp | 1.0293 | 0.0100 | get 0.0100% / 8h | 55m 07s | $444K | $6.9M | 10x |
Phoenix SUI
GRVT SUI_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$51.56
- Price spread: −0.144% → −0.097%
- −$4.7
- Slippage, 4 orders
- −$22.05
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$94.31
- Costs to cover
- 0.380%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 23 min ago; GRVT: live order book, 4 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, 23 min ago | 0.98 bp | 12.3 bp −$12 | 50.7 bp −$507 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 4 min ago | 0.49 bp | 6.7 bp −$7 | 12.6 bp −$126 | 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 | 1.0167 | −1.366% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0369% | 1h | 1.0320 | +0.121% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0320% | 1h | 1.0297 | −0.109% | $6K | $19K | 7x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0316 | +0.075% | $94K | $66K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0328 | +0.192% | $459K | $5.4M | 2.5x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0002% | 1h | 1.0325 | +0.169% | $119K | — | 150x | as long as short |
| Bluefin SUI-PERP | +0.0049% | 1h | 1.0312 | +0.041% | $591K | $404K | 25x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0324 | +0.160% | $793K | $5.9M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0329 | +0.208% | $260K | $2.0M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0329 | +0.206% | $38K | $498K | 50x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
dYdX SUI-USD
Kalshi KXSUIPERP
gTrade (Gains Network) SUI/USD
Bluefin SUI-PERP
Lighter SUI
Lighter RH SUI
Popdex SUIUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_SUI_USDC | +0.0099% | 8h | 1.0322 | +0.138% | $46K | $330K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0322 | +0.135% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0327 | +0.181% | $596K | $1.4M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0326 | +0.179% | $1.0M | $4.6M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0320 | +0.118% | $224K | $262K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0324 | +0.154% | $151.9M | $1.02B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0326 | +0.174% | $103.8M | $306.8M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0321 | +0.128% | $41.4M | $385.0M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0320 | +0.118% | $46K | $387K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0269 | −0.376% | $242K | $2K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0323 | +0.147% | $165.4M | $80.6M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0324 | +0.157% | $149.0M | $288.6M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0321 | +0.128% | $51.8M | $52.1M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0320 | +0.118% | $67.8M | $168.7M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0321 | +0.128% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0322 | +0.138% | $656K | $1.1M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0295 | −0.123% | $2.3M | $2.8M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0295 | −0.121% | $168K | $4.4M | 20x | as long as short |
| GRVT SUI_USDT_Perpshort | +0.0100% | 8h | 1.0293 | −0.144% | $444K | $6.9M | 10x | |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0299 | −0.085% | $234K | $441K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0334 | +0.254% | $108K | $784K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0334 | +0.254% | $2K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0322 | +0.138% | $7K | $2.4M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0325 | +0.167% | $640K | $18.5M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0320 | +0.118% | $11.5M | $24.8M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0320 | +0.114% | $1.4M | $3.7M | 50x | as long as short |
| 01 Exchange SUIUSD | +0.0104% | 1h | 1.0331 | +0.225% | $9K | $9K | 10x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0326 | +0.175% | $49K | $37K | 3x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0324 | +0.157% | $7.9M | $23.9M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0224% | 1h | 1.0327 | +0.186% | $985K | $14.0M | 50x | as long as short |
| Deribit SUI_USDC-PERPETUAL | +0.0234% | 1h | 1.0330 | +0.215% | $201K | $581K | 25x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0273% | 1h | 1.0328 | +0.195% | $7.2M | $24.0M | 50x | as long as short |
| Phoenix SUIlong | +0.0346% | 1h | 1.0308 | long leg | $204K | $593K | 10x | |
| GMX SUI/USD [ETH-USDC] | L +0.0638% / S −0.0309% | 1h | 1.0323 | +0.151% | $902K | — | 100x | as long as short |
| Hyperliquid SUI | +0.0646% | 1h | 1.0336 | +0.274% | $74.0M | $80.3M | 10x | as long as short |
| Aftermath Perps SUIUSD | +0.0790% | 1h | 1.0293 | −0.148% | $93K | $381K | 10x | as long as short |
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-USDC
Backpack SUI_USDC_PERP
Variational Omni SUI
edgeX SUIUSDC
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
Deribit SUI_USDC-PERPETUAL
Kraken Futures PF_SUIUSD
GMX SUI/USD [ETH-USDC]
Hyperliquid SUI
Aftermath Perps SUIUSD