Funding you earn now, next payment 21:00 UTC−0.0190%/8h= −20.8% APRnext payment −$0.24 per $10,000 · paid last 24h −0.018%
Price spread now: Pacifica against Phoenix−0.167%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$430.434% of the position
Funding, last 7 days+0.016%+$2 on $10k
+Price spread, last 3 days (all we have)−0.249%−$25 · spread now −0.167%, 7d avg −0.073%
=Together, before fees−0.233%+ Points / potential airdropPacifica: Active · farm board−$23 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Pacifica 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 −0.073%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.016% in total (about 0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.24 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 | 1.0141 | 0.0290 | pay 0.0036% / 1h | 51m 04s | $183K | $578K | 10x |
| Short | Pacifica SUI | 1.0124 | 0.0100 | get 0.0013% / 1h | 51m 04s | $219K | $263K | 10x |
Phoenix SUI
Pacifica SUIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- −$39.81
- Price spread: −0.167% → −0.073%
- −$9.41
- Slippage, 4 orders
- −$28.36
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$92.59
- Costs to cover
- 0.434%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 36 min ago; Pacifica: live order book, 37 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, 36 min ago | 0.98 bp | 12.3 bp −$12 | 50.6 bp −$506 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 37 min ago | 2.93 bp | 10.2 bp −$10 | 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 PERP | −0.2398% | 1h | 1.0055 | −0.850% | $41K | $81K | 12x | as long as short |
| Hibachi SUI/USDT-P | −0.0504% | 1h | 1.0151 | +0.098% | $6K | $19K | 7x | as long as short |
| Reya SUIRUSDPERP | −0.0366% | 1h | 1.0135 | −0.062% | $4K | $3K | 20x | as long as short |
| Bluefin SUI-PERP | −0.0126% | 1h | 1.0127 | −0.140% | $579K | $412K | 25x | as long as short |
| Kraken Futures PF_SUIUSD | −0.0022% | 1h | 1.0142 | +0.012% | $6.8M | $23.9M | 50x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0124 | −0.171% | $92K | $66K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0135 | −0.065% | $454K | $5.5M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0145 | +0.037% | $185K | $547K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0002% | 1h | 1.0140 | −0.009% | $117K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0144 | +0.024% | $763K | $5.8M | 10x | as long as short |
Injective SUI/USDC PERP
Hibachi SUI/USDT-P
Reya SUIRUSDPERP
Bluefin SUI-PERP
Kraken Futures PF_SUIUSD
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
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 | 1.0142 | +0.011% | $245K | $2.0M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0131 | −0.101% | $33K | $503K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0097% | 8h | 1.0139 | −0.022% | $44K | $381K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0123 | −0.179% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0136 | −0.051% | $592K | $1.4M | 10x | as long as short |
| Hyperliquid SUI | +0.0100% | 1h | 1.0153 | +0.116% | $72.4M | $81.8M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0138 | −0.028% | $982K | $4.5M | 75x | as long as short |
| Pacifica SUIshort | +0.0100% | 1h | 1.0124 | −0.167% | $219K | $263K | 10x | |
| Binance SUIUSDT | +0.0100% | 8h | 1.0143 | +0.018% | $150.1M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0144 | +0.028% | $102.2M | $308.1M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0144 | +0.028% | $40.7M | $381.6M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0140 | −0.012% | $146K | $299K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0128 | −0.131% | $238K | $2K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0143 | +0.018% | $163.5M | $80.9M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0146 | +0.047% | $147.2M | $295.8M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0140 | −0.012% | $53.1M | $51.3M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0140 | −0.012% | $66.7M | $169.8M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0145 | +0.037% | — | $81.8M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0144 | +0.028% | $637K | $1.2M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0176 | +0.348% | $2.2M | $2.8M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0151 | +0.099% | $163K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0186 | +0.444% | $441K | $7.2M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0154 | +0.126% | $230K | $444K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0144 | +0.028% | $105K | $796K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0156 | +0.146% | $3K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0140 | −0.012% | $6K | $2.4M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0137 | −0.041% | $629K | $19.0M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0139 | −0.022% | $11.3M | $24.3M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0138 | −0.030% | $1.4M | $3.7M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0150 | +0.082% | $48K | $38K | 3x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0216% | 1h | 1.0139 | −0.022% | $969K | $13.9M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0139 | −0.022% | $8.0M | $23.7M | 100x | as long as short |
| 01 Exchange SUIUSD | +0.0272% | 1h | 1.0133 | −0.081% | $9K | $9K | 10x | as long as short |
| Phoenix SUIlong | +0.0290% | 1h | 1.0141 | long leg | $183K | $578K | 10x | |
| GMX SUI/USD [ETH-USDC] | L +0.0629% / S −0.0300% | 1h | 1.0139 | −0.021% | $869K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0748% | 1h | 1.0166 | +0.241% | $92K | $381K | 10x | as long as short |
Lighter RH SUI
Popdex SUIUSDT
Orderly PERP_SUI_USDC
Paradex SUI-USD-PERP
Nado SUI-PERP
Hyperliquid SUI
Aster SUIUSDT
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
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Phemex SUIUSDT
Extended SUI-USD
Aevo SUI-PERP
Coinbase International SUI-PERP-INTX
BloFin SUI-USDT
01 Exchange SUIUSD
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD