Funding arb · Price arb / Crypto

SUI

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LONGPhoenix▾Kraken Futures −0.0510%Polymarket Perps −0.0442%Lighter RH −0.0360%Phemex −0.0328%ApeX Omni −0.0326%Gate −0.0280%Backpack −0.0174%Bluefin −0.0162%GRVT −0.0152%Binance −0.0150%MEXC −0.0150%Kalshi −0.0120%Deribit −0.0101%Lighter −0.0096%OKX −0.0096%Bybit −0.0091%Reya −0.0090%AZverse −0.0086%Variational Omni −0.0056%Paradex −0.0047%BloFin −0.0030%Nado −0.0022%KuCoin −0.0012%Hibachi −0.0008%dYdX 0.0000%Bitget +0.0012%Phoenix +0.0018%BingX +0.0021%Aster +0.0037%Aevo +0.0048%Avantis +0.0076%Orderly +0.0092%Popdex +0.0096%Hyperliquid +0.0100%Pacifica +0.0100%Arcus +0.0100%edgeX +0.0100%SunX +0.0100%SoDEX +0.0100%HTX +0.0100%Extended +0.0104%gTrade (Gains Network) +0.0282%GMX +0.0544%Aftermath Perps +0.0582%Injective +0.3280%

⇄⇅

SHORTTxFlow▾Injective +0.3280%Aftermath Perps +0.0582%GMX −0.0286%gTrade (Gains Network) −0.0286%Extended +0.0104%Hyperliquid +0.0100%Pacifica +0.0100%Arcus +0.0100%edgeX +0.0100%SunX +0.0100%SoDEX +0.0100%HTX +0.0100%Popdex +0.0096%Orderly +0.0092%Aevo +0.0048%Aster +0.0037%BingX +0.0021%Bitget +0.0012%dYdX 0.0000%Hibachi −0.0008%KuCoin −0.0012%Avantis +0.0016%Nado −0.0022%BloFin −0.0030%Paradex −0.0047%Variational Omni −0.0056%AZverse −0.0086%Reya −0.0090%Bybit −0.0091%OKX −0.0096%Lighter −0.0096%Deribit −0.0101%Kalshi −0.0120%MEXC −0.0150%Binance −0.0150%GRVT −0.0152%Bluefin −0.0162%TxFlow −0.0169%Backpack −0.0174%Gate −0.0280%ApeX Omni −0.0326%Phemex −0.0328%Lighter RH −0.0360%Polymarket Perps −0.0442%Kraken Futures −0.0510%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhoenixSUI	0.8532	+0.0018	pay 0.0002% / 1h	59m 14s	$42K	$54K	10x	Long Phoenix
SHORT	TxFlowSUI-USDC	0.8531	−0.0169	pay 0.0021% / 1h	59m 14s	$100K	$687K	50x	Short TxFlow5% off

Price gap−0.018%

Funding gap−0.0187% /8h

Funding costs $6 a day on $10k at the current rate. Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.017% in total, about +0.0008%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.018%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

PhoenixTxFlow

SUI on 46 exchanges

lowest funding first

Before you open

3 ok · 1 to watch

• i
  Note: Order book unknown—

  No order-book sample for Phoenix: its slippage is not counted.
• i
  Note: Margin at max leverage$1,000 + $200

  Phoenix 10x, TxFlow 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval1h / 1h

  Both legs pay at the same time.

  Long Phoenix · 1h−$0.55

  Short TxFlow · 1h−$5.06

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$5.61Long Phoenix: 24 payments, −$0.55; short TxFlow: 24 payments, −$5.06.
• i
  Note: No 7-day spread history−0.018%

  The gap cannot be compared with its average yet.
• !
  Watch: Long leg is thinner$42K vs $100K OI

  Phoenix sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legTxFlow points

  Volume here counts toward the points program.
• ✓
  OK: No KYC on either legPhoenix No · TxFlow No

  Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0008%/8h × 21 periods+$1.66

Price spread−0.018% → 0−$1.76

Slippage, 4 ordersno data for Phoenix—

Fee Phoenix bp × 2 orders−$7.00

Fee TxFlow bp × 2 orders−$9.00

Net, fees only · 7 days · $10k−$16.10

Costs to cover0.160%Break-even74.9 days

Slippage: Phoenix: no order-book sample; TxFlow: live order book, 62 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGPhoenix—————

SELL · SHORTTxFlow2.307.4 bp−$714.1 bp−$14140.1 bp−$4,013165.9 bp−$83.0K

Closing costs about the same again.
Phoenix: no data.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

I'm in

SUI news

posts that mention SUI, from every exchangeSearch all news →

10-28 16:00	OKX	Other	Europe, your next X Drops basket is here. ZEC, NEAR, SUI, TAO, PEPE, WLD, LINK, PUMP, ONDO and ZAMA are in, with 3.4M $ZAMA up for grabs. Trade @zama for 3× rewards. @okx on X ↗
10-23 09:05	Reya	Listing	new market SUIRUSDPERP ($SUI) seen by our collector
10-13 15:13	OKX	Other	Europe, your next X Drops club is here. near:native, $ZEC, $XRP, $ONDO, $ENA, $SUI, $TAO, $HYPE, $PUMP, $LIT and $ZRO are in, with 38,000 near:native up for grabs. Join the drop. @okx on X ↗
10-13 10:00	HTX	Contest	Trade 15 Hot Cryptos, Share $150,000! HTX Spot Hot Token Challenge goes live. Climb the leaderboard, grab exclusive new user perks, and enjoy volume boosts with 3x rewards. Eligible Assets: BTC, ETH, XMR, SOL, LTC, TRX, XRP, DOGE, BTW, ZEC, ADA, UNI, GRAM, FIL, SUI! Register Now >> @HTX_Global on X ↗
10-08 17:48	OKX	Other	Europe, your next X Drops are here. LIT, SOL, XRP, NEAR, SUI, ADA, ZEC, HYPE, DOGE, and TAO are in, with 54,000 $LIT up for grabs. Trade @Lighter_xyz for 3× rewards. @okx on X ↗
10-03 07:43	Phemex	Other	A reserve ratio only matters if you can check your own balance. Latest snapshot: BTC 103.13%, ETH 123.79%, USD* 100.60%, SOL 141.42%. AVAX 143.43%. TRX 123.86%. XRP 157.03%. SUI 157.58%. All are above 100%. That is wallet assets versus customer liabilities, not a marketing average. Verify the leaf, not the graphic: @Phemex_official on X ↗