Funding you earn now, next payment 02:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.01 per $10,000 · paid last 24h +0.108%
Price spread now: Hyperliquid against Polymarket Perps−0.055%7-day average +0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$310.313% of the position
Funding, last 7 days+0.241%+$24 on $10k
+Price spread, last 3 days (all we have)−0.046%−$5 · spread now −0.055%, 7d avg +0.046%
=Together, before fees+0.194%+ Points / potential airdropHyperliquid: Season 2 · farm board+$19 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.101% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.055% now, against its 7-day average of +0.046%). If the spread goes back, that is −$10 on $10k: about 30 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.241% in total) that is about 2.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps SUI-USD | 1.0453 | 0.0100 | pay 0.0013% / 1h | 55m 36s | $121K | $735K | 10x |
| Short | Hyperliquid SUI | 1.0447 | 0.0111 | get 0.0014% / 1h | 55m 36s | $75.1M | $80.8M | 10x |
Polymarket Perps SUI-USD
Hyperliquid SUIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Polymarket Perps. 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
- $2.39
- Price spread: −0.055% → +0.046%
- −$10.1
- Slippage, 4 orders
- −$14.29
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$39
- Costs to cover
- 0.313%
- Break-even
- 121.3 days
Slippage from Polymarket Perps: live order book, 12 min ago; Hyperliquid: live order book, 8 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 Polymarket Perps live order book, 12 min ago | 2.32 bp | 7.2 bp −$7 | 12.1 bp −$121 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 1.88 bp | 8.6 bp −$9 | 14.4 bp −$144 | 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 | −0.4499% | 1h | 1.0515 | +0.593% | $43K | $123K | 12x | as long as short |
| ApeX Omni SUIUSDT | −0.1997% | 1h | 1.0506 | +0.507% | $234K | $491K | 50x | as long as short |
| Hibachi SUI/USDT-P | −0.0504% | 1h | 1.0476 | +0.216% | $6K | $19K | 7x | as long as short |
| Reya SUIRUSDPERP | −0.0372% | 1h | 1.0440 | −0.125% | $4K | $3K | 20x | as long as short |
| Bluefin SUI-PERP | −0.0311% | 1h | 1.0416 | −0.354% | $596K | $418K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0448 | −0.045% | $95K | $171K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0412 | −0.388% | $592K | $4.9M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0434 | −0.182% | $203K | $580K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0427 | −0.246% | $119K | — | 150x | as long as short |
| Backpack SUI_USDC_PERP | +0.0007% | 1h | 1.0422 | −0.297% | $669K | $1.1M | 20x | as long as short |
Injective SUI/USDC PERP
ApeX Omni SUIUSDT
Hibachi SUI/USDT-P
Reya SUIRUSDPERP
Bluefin SUI-PERP
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Backpack SUI_USDC_PERPShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SUIUSD | +0.0011% | 1h | 1.0426 | −0.259% | $7.0M | $24.6M | 50x | as long as short |
| 01 Exchange SUIUSD | +0.0032% | 1h | 1.0422 | −0.297% | $9K | $9K | 10x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0443 | −0.099% | $815K | $5.5M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0443 | −0.095% | $280K | $2.1M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0429 | −0.230% | $35K | $482K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0099% | 8h | 1.0429 | −0.230% | $47K | $308K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0506 | +0.504% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0418 | −0.335% | $700K | $1.5M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0439 | −0.134% | $960K | $4.9M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0445 | −0.080% | $227K | $261K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0432 | −0.203% | $151.9M | $1.04B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0419 | −0.328% | $103.1M | $310.6M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0426 | −0.258% | $41.0M | $393.2M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0440 | −0.124% | $44K | $370K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0447 | −0.057% | $167.9M | $82.2M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0443 | −0.096% | $152.5M | $291.9M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0439 | −0.134% | $51.2M | $53.6M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0429 | −0.230% | $67.8M | $171.8M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0429 | −0.230% | — | $82.5M | — | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0431 | −0.212% | $2.4M | $3.2M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0490 | +0.350% | $171K | $4.6M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0461 | +0.081% | $456K | $7.5M | 10x | as long as short |
| Polymarket Perps SUI-USDlong | +0.0100% | 1h | 1.0453 | long leg | $121K | $735K | 10x | |
| SunX SUI-USDT | +0.0100% | 8h | 1.0428 | −0.239% | $2K | $1.8M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0432 | −0.201% | $6K | $2.2M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0414 | −0.373% | $663K | $19.6M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0434 | −0.182% | $11.6M | $25.3M | 50x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0504 | +0.490% | $247K | $3K | 10x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0441 | −0.119% | $1.5M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0438 | −0.140% | $40K | $16K | 3x | as long as short |
| Hyperliquid SUIshort | +0.0111% | 1h | 1.0447 | −0.055% | $75.1M | $80.8M | 10x | |
| Coinbase International SUI-PERP-INTX | +0.0152% | 1h | 1.0424 | −0.277% | $989K | $14.6M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0473 | +0.191% | $8.2M | $25.4M | 100x | as long as short |
| Phoenix SUI | +0.0299% | 1h | 1.0505 | +0.499% | $208K | $595K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0618% / S −0.0265% | 1h | 1.0428 | −0.243% | $955K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0951% | 1h | 1.0560 | +1.022% | $79K | $382K | 10x | as long as short |
Kraken Futures PF_SUIUSD
01 Exchange SUIUSD
Lighter SUI
Lighter RH SUI
Popdex SUIUSDT
Orderly PERP_SUI_USDC
Paradex SUI-USD-PERP
Nado SUI-PERP
Aster SUIUSDT
Pacifica SUI
Binance SUIUSDT
Bybit SUIUSDT
OKX SUI-USDT-SWAP
Arcus SUI-USD
Gate SUI_USDT
MEXC SUI_USDT
KuCoin SUIUSDTM
Bitget SUIUSDT
BingX SUI-USDT
Variational Omni SUI
edgeX SUIUSDC
GRVT SUI_USDT_Perp
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Phemex SUIUSDT
Bulk SUI-USD
Extended SUI-USD
Aevo SUI-PERP
Coinbase International SUI-PERP-INTX
BloFin SUI-USDT
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD