Funding you earn now, next payment 03:00 UTC−0.0294%/8h= −32.2% APRnext payment −$0.37 per $10,000 · paid last 24h −0.040%
Price spread now: Lighter RH against Phoenix−0.163%7-day average −0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$310.309% of the position
Funding, last 7 days−0.052%−$5 on $10k
+Price spread, last 4 days (all we have)−0.050%−$5 · spread now −0.163%, 7d avg −0.069%
=Together, before fees−0.102%+ Points / potential airdropLighter RH: Points live · farm board−$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Lighter RH is 0.094% cheaper against Phoenix than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.069%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.052% in total (about -2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.37 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 | 1.0402 | 0.0390 | pay 0.0049% / 1h | 44m 30s | $211K | $421K | 10x |
| Short | Lighter RH SUI | 1.0385 | 0.0096 | get 0.0012% / 1h | 44m 30s | $297K | $2.2M | 10x |
Phoenix SUI
Lighter RH SUIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$61.67
- Price spread: −0.163% → −0.069%
- −$9.43
- Slippage, 4 orders
- −$23.89
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$101.98
- Costs to cover
- 0.309%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 13 min ago; Lighter RH: live order book, 3 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, 13 min ago | 0.95 bp | 12.3 bp −$12 | 50.6 bp −$506 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 2.93 bp | 3.1 bp −$3 | 13.4 bp −$134 | 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 | −0.3244% | 1h | 1.0316 | −0.824% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0375% | 1h | 1.0426 | +0.230% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0296% | 1h | 1.0382 | −0.186% | $6K | $19K | 7x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0389 | −0.122% | $130K | $227K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0393 | −0.087% | $520K | $4.9M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0390 | −0.112% | $202K | $574K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0389 | −0.118% | $113K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0409 | +0.072% | $829K | $5.5M | 10x | as long as short |
| Lighter RH SUIshort | +0.0096% | 1h | 1.0385 | −0.163% | $297K | $2.2M | 10x | |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0423 | +0.205% | $40K | $516K | 50x | 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
Lighter 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 | 1.0392 | −0.092% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0417 | +0.147% | $691K | $1.9M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0385 | −0.162% | $909K | $4.6M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0396 | −0.057% | $225K | $260K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0419 | +0.164% | $151.7M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0416 | +0.137% | $103.0M | $310.5M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0421 | +0.186% | $41.2M | $389.6M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0420 | +0.176% | $45K | $373K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0390 | −0.112% | $244K | $6K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0405 | +0.032% | $165.7M | $82.9M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0402 | +0.003% | $151.1M | $293.6M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0395 | −0.064% | $50.0M | $54.1M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0424 | +0.214% | $68.2M | $171.5M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0408 | +0.061% | — | $82.4M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0387 | −0.141% | $679K | $1.4M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0394 | −0.078% | $2.4M | $3.3M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0403 | +0.014% | $170K | $4.6M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0403 | +0.014% | $458K | $7.7M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0404 | +0.022% | $232K | $486K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0416 | +0.137% | $124K | $756K | 10x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0391 | −0.103% | $48K | $194K | 20x | as long as short |
| Bluefin SUI-PERP | +0.0100% | 1h | 1.0376 | −0.247% | $594K | $401K | 25x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0406 | +0.041% | $2K | $1.8M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0385 | −0.161% | $14K | $2.1M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0389 | −0.122% | $572K | $19.7M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0392 | −0.093% | $11.9M | $26.6M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0404 | +0.025% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0391 | −0.106% | $39K | $11K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0112% | 1h | 1.0419 | +0.166% | $9K | $3K | 10x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0162% | 1h | 1.0387 | −0.140% | $6.9M | $27.0M | 50x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0216% | 1h | 1.0394 | −0.074% | $998K | $15.0M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0396 | −0.055% | $8.0M | $25.0M | 100x | as long as short |
| Phoenix SUIlong | +0.0390% | 1h | 1.0402 | long leg | $211K | $421K | 10x | |
| Hyperliquid SUI | +0.0433% | 1h | 1.0392 | −0.093% | $75.5M | $81.6M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0615% / S −0.0267% | 1h | 1.0388 | −0.130% | $960K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1558% | 1h | 1.0416 | +0.135% | $83K | $395K | 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-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
Bluefin SUI-PERP
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]
Aftermath Perps SUIUSD