Funding you earn now, next payment 01:00 UTC−0.0121%/8h= −13.2% APRpaid last 24h −0.041%
Price spread now: MEXC against Phoenix−0.052%107s7-day average −0.107% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$270.265% of the position
Funding, last 7 days−0.039%−$4 on $10k
+Price spread, last 4 days (all we have)−0.982%−$98 · spread now −0.052%, 7d avg −0.107%
=The price spread pays, funding is against you. MEXC is 0.055% dearer against Phoenix than usual: you sell high and buy low (spread −0.052% now, against its 7-day average of −0.107%): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 36 hours. At the pace of the last 7 days (−0.039% in total) that is about 9.8 days. The two prices were read 107 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 | 1.0388 | 0.0221 | pay 0.0028% / 1h | 25m 39s | $206K | $595K | 10x |
| Short | MEXC SUI_USDT | 1.0383 | 0.0100 | get 0.0100% / 8h | 6h 25m | $149.7M | $299.1M | 300x |
Phoenix SUI
MEXC SUI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$25.37
- Price spread: −0.052% → −0.107%
- $5.51
- Slippage, 4 orders
- −$19.52
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$46.38
- Costs to cover
- 0.265%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 42 min ago; MEXC: 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, 42 min ago | 1.02 bp | 12.3 bp −$12 | 50.6 bp −$506 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.48 bp | 0.9 bp −$1 | 4.2 bp −$42 | 20.2 bp −$2,020 | 97.6 bp −$48.8K |
SUI on 45 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 | −0.4499% | 1h | 1.0236 | −1.467% | $42K | $123K | 12x | as long as short |
| Hibachi SUI/USDT-P | −0.0448% | 1h | 1.0390 | +0.012% | $6K | $19K | 7x | as long as short |
| Reya SUIRUSDPERP | −0.0372% | 1h | 1.0419 | +0.294% | $4K | $3K | 20x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0379 | −0.088% | $95K | $171K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0410 | +0.211% | $508K | $5.1M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0421 | +0.314% | $202K | $578K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0416 | +0.268% | $114K | — | 150x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0011% | 1h | 1.0425 | +0.349% | $6.8M | $27.0M | 50x | as long as short |
| Bluefin SUI-PERP | +0.0081% | 1h | 1.0405 | +0.160% | $595K | $415K | 25x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0386 | −0.020% | $819K | $5.7M | 10x | as long as short |
Injective SUI/USDC PERP
Hibachi SUI/USDT-P
Reya SUIRUSDPERP
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Kraken Futures PF_SUIUSD
Bluefin SUI-PERP
Lighter SUIShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH SUI | +0.0096% | 1h | 1.0386 | −0.026% | $277K | $2.1M | 10x | as long as short |
| 01 Exchange SUIUSD | +0.0096% | 1h | 1.0387 | −0.013% | $9K | $3K | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0413 | +0.237% | $30K | $493K | 50x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0421 | +0.317% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0420 | +0.304% | $751K | $1.9M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0400 | +0.108% | $914K | $5.0M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0380 | −0.083% | $226K | $269K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0380 | −0.081% | $151.9M | $1.05B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0381 | −0.067% | $103.1M | $312.7M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0389 | +0.006% | $40.9M | $392.5M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0390 | +0.015% | $44K | $373K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0400 | +0.112% | $245K | $3K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0384 | −0.042% | $164.1M | $84.1M | 50x | as long as short |
| MEXC SUI_USDTshort | +0.0100% | 8h | 1.0383 | −0.052% | $149.7M | $299.1M | 300x | |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0384 | −0.042% | $51.6M | $53.7M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0383 | −0.052% | $67.6M | $171.8M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0387 | −0.013% | — | $82.4M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0415 | +0.256% | $693K | $1.2M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0418 | +0.283% | $2.4M | $3.2M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0359 | −0.279% | $169K | $4.7M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0367 | −0.208% | $451K | $7.5M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0365 | −0.225% | $237K | $507K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0428 | +0.381% | $120K | $726K | 10x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0419 | +0.295% | $47K | $256K | 20x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0419 | +0.295% | $2K | $1.8M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0420 | +0.304% | $6K | $2.2M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0413 | +0.237% | $660K | $19.7M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0416 | +0.266% | $11.6M | $25.8M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0381 | −0.074% | $1.4M | $4.0M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0419 | +0.293% | $40K | $16K | 3x | as long as short |
| Hyperliquid SUI | +0.0123% | 1h | 1.0395 | +0.060% | $74.4M | $80.7M | 10x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0152% | 1h | 1.0412 | +0.227% | $1.0M | $14.7M | 50x | as long as short |
| Phoenix SUIlong | +0.0221% | 1h | 1.0388 | long leg | $206K | $595K | 10x | |
| GMX SUI/USD [ETH-USDC] | L +0.0615% / S −0.0271% | 1h | 1.0417 | +0.274% | $967K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1021% | 1h | 1.0386 | −0.028% | $78K | $378K | 10x | as long as short |
Lighter RH SUI
01 Exchange SUIUSD
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
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
Hyperliquid SUI
Coinbase International SUI-PERP-INTX
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD