Funding you earn now, next payment 03:00 UTC−0.0290%/8h= −31.7% APRpaid last 24h −0.039%
Price spread now: SunX against Phoenix−0.207%7-day average +0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$138as in the Funding arb table
Net, price: spread back to 7d avg − costs−$161as in the Price arb table
costs, in and out, $10k−$1391.385% of the position
Funding, last 7 days+0.008%+$1 on $10k
+Price spread, last 4 days (all we have)+0.499%+$50 · spread now −0.207%, 7d avg +0.022%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and SunX is 0.229% cheaper against Phoenix than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.022%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.008% in total (about 0.4% a year). A funding rate is set anew for every payment. 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 | 56m 53s | $210K | $415K | 10x |
| Short | SunX SUI-USDT | 1.0349 | 0.0100 | get 0.0100% / 8h | 3h 56m | $2K | $1.7M | 30x |
Phoenix SUI
SunX SUI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$60.83
- Price spread: −0.207% → +0.022%
- −$22.93
- Slippage, 4 orders
- −$123.5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$222.26
- Costs to cover
- 1.385%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 60 min ago; SunX: live order book, 9 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, 60 min ago | 0.95 bp | 12.3 bp −$12 | 50.6 bp −$506 | doesn't fit | doesn't fit |
| Sell SunX live order book, 9 min ago | 29.94 bp | 69.3 bp −$69 | 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 | −0.3470% | 1h | 1.0251 | −1.152% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0376% | 1h | 1.0352 | −0.179% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0320% | 1h | 1.0352 | −0.182% | $6K | $19K | 7x | as long as short |
| Kraken Futures PF_SUIUSD | −0.0067% | 1h | 1.0357 | −0.128% | $6.8M | $26.9M | 50x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0373 | +0.023% | $130K | $227K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0369 | −0.017% | $497K | $5.0M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0350 | −0.198% | $201K | $573K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0352 | −0.177% | $116K | — | 150x | as long as short |
| Bluefin SUI-PERP | +0.0005% | 1h | 1.0339 | −0.304% | $592K | $407K | 25x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0354 | −0.159% | $799K | $5.4M | 10x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
Kraken Futures PF_SUIUSD
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 | 1.0360 | −0.105% | $299K | $2.2M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0359 | −0.111% | $42K | $513K | 50x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0369 | −0.013% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0356 | −0.135% | $584K | $2.1M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0358 | −0.122% | $906K | $4.6M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0373 | +0.024% | $224K | $259K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0354 | −0.159% | $150.1M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0353 | −0.169% | $101.7M | $309.8M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0350 | −0.198% | $40.8M | $387.8M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0370 | −0.005% | $44K | $330K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0339 | −0.304% | $243K | $6K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0353 | −0.169% | $169.7M | $80.8M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0356 | −0.140% | $152.7M | $291.8M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0356 | −0.140% | $49.9M | $53.9M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0348 | −0.217% | $67.6M | $172.5M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0352 | −0.178% | — | $82.5M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0350 | −0.198% | $654K | $1.4M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0383 | +0.117% | $2.5M | $3.4M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0364 | −0.058% | $170K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0363 | −0.072% | $453K | $7.6M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0369 | −0.014% | $229K | $430K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0366 | −0.043% | $123K | $747K | 10x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0351 | −0.188% | $48K | $145K | 20x | as long as short |
| SunX SUI-USDTshort | +0.0100% | 8h | 1.0349 | −0.207% | $2K | $1.7M | 30x | |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0353 | −0.169% | $14K | $2.1M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0353 | −0.169% | $588K | $19.6M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0356 | −0.140% | $11.9M | $26.8M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0353 | −0.172% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0356 | −0.137% | $39K | $11K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0136% | 1h | 1.0360 | −0.101% | $9K | $2K | 10x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0354 | −0.159% | $7.9M | $24.8M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0248% | 1h | 1.0367 | −0.034% | $975K | $15.0M | 50x | as long as short |
| Phoenix SUIlong | +0.0390% | 1h | 1.0371 | long leg | $210K | $415K | 10x | |
| Hyperliquid SUI | +0.0399% | 1h | 1.0366 | −0.043% | $75.0M | $81.6M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0612% / S −0.0267% | 1h | 1.0352 | −0.181% | $957K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1498% | 1h | 1.0378 | +0.073% | $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
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