Funding you earn now, next payment 03:00 UTC−0.3634%/8h= −397.9% APRnext payment −$4.54 per $10,000 · paid last 24h −0.871%
Price spread now: Injective against Phoenix−1.532%112s7-day average −0.363% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−3.661%−$366 on $10k
+Price spread, last 4 days (all we have)+0.985%+$99 · spread now −1.532%, 7d avg −0.363%
=Both sides work against this trade now: funding costs −$109 a day on $10k at the current rate, and Injective is 1.169% cheaper against Phoenix than usual: you would sell low and buy high (−$117 if the spread goes back to its 7-day average of −0.363%). Swap the legs. The two prices were read 112 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SUI | 1.0476 | 0.0390 | pay 0.0049% / 1h | 51m 27s | $213K | $421K | 10x |
| Short | Injective SUI/USDC PERP | 1.0316 | −0.3244 | pay 0.0406% / 1h | 51m 27s | $42K | $123K | 12x |
Phoenix SUI
Injective SUI/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$763.09
- Price spread: −1.532% → −0.363%
- −$116.88
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$886.98
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 6 min ago; Injective: live order book, 7 min ago. 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, 6 min ago | 0.95 bp | 12.3 bp −$12 | 50.6 bp −$506 | doesn't fit | doesn't fit |
| Sell Injective live order book, 7 min ago | 63.83 bp | doesn't fit | doesn't fit | 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 PERPshort | −0.3244% | 1h | 1.0316 | −1.532% | $42K | $123K | 12x | |
| Reya SUIRUSDPERP | −0.0375% | 1h | 1.0405 | −0.683% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0296% | 1h | 1.0456 | −0.197% | $6K | $19K | 7x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0412 | −0.613% | $131K | $227K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0449 | −0.262% | $523K | $4.9M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0426 | −0.482% | $202K | $574K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0402 | −0.709% | $113K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0420 | −0.538% | $830K | $5.5M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0418 | −0.557% | $289K | $2.1M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0419 | −0.549% | $39K | $515K | 50x | as long as short |
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Lighter SUI
Lighter RH SUI
Popdex SUIUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0419 | −0.548% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0412 | −0.616% | $718K | $1.9M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0415 | −0.586% | $909K | $4.6M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0417 | −0.573% | $226K | $260K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0418 | −0.558% | $151.7M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0415 | −0.587% | $103.2M | $309.8M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0412 | −0.616% | $41.3M | $388.1M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0420 | −0.539% | $45K | $373K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0476 | −0.005% | $246K | $6K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0418 | −0.558% | $166.9M | $82.7M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0403 | −0.702% | $151.6M | $292.5M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0403 | −0.702% | $50.1M | $54.1M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0405 | −0.682% | $68.0M | $170.8M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0417 | −0.568% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0427 | −0.472% | $692K | $1.3M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0476 | −0.007% | $2.4M | $3.3M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0457 | −0.187% | $170K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0461 | −0.144% | $450K | $7.7M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0457 | −0.186% | $234K | $485K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0420 | −0.539% | $113K | $743K | 10x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0427 | −0.472% | $48K | $200K | 20x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0438 | −0.367% | $2K | $1.8M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0427 | −0.472% | $14K | $2.1M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0426 | −0.482% | $577K | $19.7M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0428 | −0.463% | $12.0M | $26.6M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0415 | −0.590% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0433 | −0.420% | $40K | $11K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0128% | 1h | 1.0422 | −0.520% | $9K | $3K | 10x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0162% | 1h | 1.0427 | −0.476% | $6.9M | $27.0M | 50x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0216% | 1h | 1.0454 | −0.215% | $997K | $15.0M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0463 | −0.129% | $8.1M | $25.2M | 100x | as long as short |
| Phoenix SUIlong | +0.0390% | 1h | 1.0476 | long leg | $213K | $421K | 10x | |
| Hyperliquid SUI | +0.0423% | 1h | 1.0427 | −0.472% | $75.8M | $81.5M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0616% / S −0.0267% | 1h | 1.0428 | −0.466% | $964K | — | 100x | as long as short |
| Bluefin SUI-PERP | +0.1150% | 1h | 1.0413 | −0.606% | $596K | $403K | 25x | as long as short |
| Aftermath Perps SUIUSD | +0.1521% | 1h | 1.0454 | −0.211% | $83K | $393K | 10x | as long as short |
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
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
Kraken Futures PF_SUIUSD
Coinbase International SUI-PERP-INTX
BloFin SUI-USDT
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Bluefin SUI-PERP
Aftermath Perps SUIUSD