Funding you earn now, next payment 03:00 UTC−0.0456%/8h= −49.9% APRnext payment −$0.57 per $10,000 · paid last 24h −0.025%
Price spread now: Kraken Futures against Phoenix+0.022%7-day average −0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$510.508% of the position
Funding, last 7 days+0.062%+$6 on $10k
+Price spread, last 4 days (all we have)+0.149%+$15 · spread now +0.022%, 7d avg −0.060%
=The price spread pays, funding is against you. Kraken Futures is 0.082% dearer against Phoenix than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.060%): +$8 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 14 hours. Mind the row above: over the last 7 days funding on this pair paid +0.062%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.062% in total (about 3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.57 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 | 54m 37s | $210K | $415K | 10x |
| Short | Kraken Futures PF_SUIUSD | 1.0373 | −0.0066 | pay 0.0008% / 1h | 54m 37s | $6.8M | $26.9M | 50x |
Phoenix SUI
Kraken Futures PF_SUIUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$95.79
- Price spread: +0.022% → −0.060%
- $8.25
- Slippage, 4 orders
- −$33.84
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$138.38
- Costs to cover
- 0.508%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 62 min ago; Kraken Futures: 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, 62 min ago | 0.95 bp | 12.3 bp −$12 | 50.6 bp −$506 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 1.93 bp | 13.6 bp −$14 | 21.4 bp −$214 | 46.5 bp −$4,654 | 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 | −0.3470% | 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_SUIUSDshort | −0.0066% | 1h | 1.0373 | +0.022% | $6.8M | $26.9M | 50x | |
| dYdX SUI-USD | 0.0000% | 1h | 1.0372 | +0.014% | $130K | $227K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0359 | −0.111% | $496K | $5.0M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0363 | −0.072% | $201K | $573K | 25x | 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 |
| Lighter SUI | +0.0096% | 1h | 1.0379 | +0.083% | $801K | $5.4M | 10x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Bluefin SUI-PERP
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 | 1.0375 | +0.041% | $300K | $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 | 1.0379 | +0.082% | $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 | 1.0359 | −0.107% | $906K | $4.6M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0376 | +0.051% | $224K | $259K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0375 | +0.047% | $150.4M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0379 | +0.080% | $102.0M | $310.1M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0378 | +0.072% | $40.7M | $389.0M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0380 | +0.092% | $44K | $330K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0369 | −0.015% | $244K | $5K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0377 | +0.063% | $170.1M | $80.9M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0379 | +0.082% | $153.1M | $291.9M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0380 | +0.092% | $50.0M | $53.9M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0376 | +0.053% | $67.8M | $172.5M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0378 | +0.072% | — | $82.6M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0378 | +0.072% | $656K | $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 | 1.0348 | −0.217% | $2K | $1.7M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0366 | −0.043% | $14K | $2.1M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0376 | +0.053% | $584K | $19.7M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0374 | +0.034% | $11.9M | $26.8M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0374 | +0.035% | $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 | 1.0379 | +0.082% | $7.9M | $24.9M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0248% | 1h | 1.0369 | −0.014% | $977K | $15.0M | 50x | as long as short |
| Phoenix SUIlong | +0.0390% | 1h | 1.0371 | long leg | $210K | $415K | 10x | |
| Hyperliquid SUI | +0.0401% | 1h | 1.0376 | +0.053% | $75.0M | $81.4M | 10x | as long as short |
| 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