SUI

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0246%/8h= −26.9% APRnext payment −$0.31 per $10,000 · paid last 24h −0.024%

Price spread now: SoDEX against Phoenix−0.147%7-day average −0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$400.401% of the position

Long on Phoenix Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.047%−$5 on $10k

Price spread, last 3 days (all we have)+0.280%+$28 · spread now −0.147%, 7d avg −0.077%

Together, before fees+0.233%+$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and SoDEX is 0.070% cheaper against Phoenix than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.077%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.047% in total (about -5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.31 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	1.0281	0.0346	pay 0.0043% / 1h	29m 06s	$203K	$574K	10x
Short	SoDEX SUI-USD	1.0266	0.0100	get 0.0013% / 1h	29m 06s	$7K	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee SoDEXbpOrdersPrice spread, now −0.147%Rate

Funding earned: −$51.56
Price spread: −0.147% → −0.077%: −$6.97
Slippage, 4 orders: −$25.12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$98.65
Costs to cover: 0.401%
Break-even: never at this rate

Slippage from Phoenix: live order book, 54 min ago; SoDEX: live order book, 5 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, 54 min ago	0.98 bp	12.3 bp −$12	50.5 bp −$505	doesn't fit	doesn't fit
Sell SoDEX live order book, 5 min ago	0.49 bp	8.6 bp −$9	17.3 bp −$173	104.9 bp −$10.5K	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	−0.2926%	1h	1.0179	−0.993%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0368%	1h	1.0262	−0.183%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0160%	1h	1.0240	−0.398%	$6K	$19K	7x	as long as short
Bluefin SUI-PERP	−0.0135%	1h	1.0253	−0.273%	$587K	$406K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0259	−0.218%	$94K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0241	−0.393%	$457K	$5.5M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0268	−0.127%	$190K	$562K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0265	−0.156%	$119K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0269	−0.118%	$788K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0273	−0.080%	$259K	$2.0M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex SUIUSDT	+0.0096%	1h	1.0261	−0.196%	$37K	$503K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0098%	8h	1.0264	−0.166%	$45K	$371K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0254	−0.263%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0256	−0.239%	$592K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0266	−0.151%	$1.0M	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0258	−0.222%	$223K	$263K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0267	−0.134%	$151.3M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0270	−0.109%	$102.7M	$307.3M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0268	−0.127%	$40.9M	$384.2M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0260	−0.205%	$45K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0242	−0.380%	$241K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0268	−0.127%	$165.2M	$80.8M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0268	−0.127%	$148.5M	$296.3M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0265	−0.157%	$51.6M	$52.2M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0263	−0.176%	$67.4M	$168.6M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0267	−0.137%	—	$81.8M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0268	−0.127%	$651K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0260	−0.203%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0268	−0.129%	$165K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0242	−0.381%	$443K	$7.0M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0277	−0.040%	$233K	$441K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0268	−0.127%	$107K	$792K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0278	−0.030%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USDshort	+0.0100%	1h	1.0266	−0.147%	$7K	$2.4M	10x
HTX SUI-USDT	+0.0100%	8h	1.0266	−0.147%	$628K	$18.7M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0266	−0.147%	$11.5M	$24.7M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0263	−0.180%	$1.4M	$3.8M	50x	as long as short
01 Exchange SUIUSD	+0.0104%	1h	1.0266	−0.147%	$9K	$9K	10x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0266	−0.150%	$49K	$37K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0270	−0.108%	$8.0M	$23.8M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0259	−0.215%	$979K	$13.9M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0296%	1h	1.0273	−0.084%	$7.2M	$24.2M	50x	as long as short
Phoenix SUIlong	+0.0346%	1h	1.0281	long leg	$203K	$574K	10x
Hyperliquid SUI	+0.0498%	1h	1.0282	+0.009%	$73.3M	$81.0M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0637% / S −0.0309%	1h	1.0264	−0.167%	$896K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0717%	1h	1.0273	−0.083%	$94K	$382K	10x	as long as short