SUI

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0294%/8h= +32.2% APRnext payment +$0.37 per $10,000 · paid last 24h +0.040%

Price spread now: Phoenix against Popdex+0.179%54s7-day average +0.102% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$520.520% of the position

Long on Popdex Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.067%+$7 on $10k

Price spread, last 4 days (all we have)+0.124%+$12 · spread now +0.179%, 7d avg +0.102%

Together, before fees+0.191%+$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Phoenix is 0.077% dearer against Popdex than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.102%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.067% in total (about 6.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.37 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	Popdex SUIUSDT	1.0352	0.0096	pay 0.0012% / 1h	56m 27s	$42K	$511K	50x
Short	Phoenix SUI	1.0371	0.0390	get 0.0049% / 1h	56m 27s	$210K	$415K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Popdex. 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 PopdexbpFee PhoenixbpOrdersPrice spread, now +0.179%Rate

Funding earned: $61.67
Price spread: +0.179% → +0.102%: $7.68
Slippage, 4 orders: −$38.57
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $17.37
Costs to cover: 0.520%
Break-even: 5.0 days

Slippage from Popdex: live order book, 62 min ago; Phoenix: live order book, 61 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 Popdex live order book, 62 min ago	5.68 bp	13.2 bp −$13	30.4 bp −$304	doesn't fit	doesn't fit
Sell Phoenix live order book, 61 min ago	0.95 bp	12.3 bp −$12	42.9 bp −$429	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	−0.976%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0376%	1h	1.0340	−0.112%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0320%	1h	1.0352	+0.004%	$6K	$19K	7x	as long as short
Kraken Futures PF_SUIUSD	−0.0067%	1h	1.0357	+0.050%	$6.8M	$26.9M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0343	−0.086%	$130K	$227K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0369	+0.161%	$497K	$5.0M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0350	−0.019%	$201K	$573K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0360	+0.082%	$116K	—	150x	as long as short
Bluefin SUI-PERP	+0.0005%	1h	1.0339	−0.126%	$592K	$407K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0354	+0.019%	$799K	$5.4M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SUI	+0.0096%	1h	1.0357	+0.046%	$299K	$2.2M	10x	as long as short
Popdex SUIUSDTlong	+0.0096%	1h	1.0352	long leg	$42K	$511K	50x
Paradex SUI-USD-PERP	+0.0100%	8h	1.0349	−0.033%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0342	−0.092%	$583K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0349	−0.032%	$905K	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0350	−0.019%	$224K	$259K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0355	+0.032%	$150.1M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0344	−0.082%	$101.6M	$309.8M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0338	−0.135%	$40.7M	$387.3M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0350	−0.019%	$44K	$330K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0339	−0.126%	$243K	$6K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0347	−0.048%	$169.5M	$80.8M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0345	−0.068%	$152.5M	$291.8M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0343	−0.087%	$49.8M	$53.9M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0336	−0.155%	$67.5M	$172.4M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0361	+0.087%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0350	−0.019%	$654K	$1.4M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0383	+0.296%	$2.5M	$3.4M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0364	+0.121%	$170K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0363	+0.106%	$453K	$7.6M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0369	+0.164%	$229K	$430K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0352	0.000%	$123K	$747K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0351	−0.010%	$48K	$145K	20x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0349	−0.029%	$2K	$1.7M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0353	+0.010%	$14K	$2.1M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0353	+0.010%	$588K	$19.6M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0356	+0.039%	$11.9M	$26.8M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0342	−0.099%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0356	+0.042%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0136%	1h	1.0355	+0.029%	$9K	$2K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0354	+0.019%	$7.9M	$24.8M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0367	+0.145%	$975K	$15.0M	50x	as long as short
Phoenix SUIshort	+0.0390%	1h	1.0371	+0.179%	$210K	$415K	10x
Hyperliquid SUI	+0.0417%	1h	1.0355	+0.029%	$74.9M	$81.6M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0612% / S −0.0267%	1h	1.0360	+0.074%	$957K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1515%	1h	1.0375	+0.221%	$83K	$402K	10x	as long as short