SUI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0546%/8h= +59.8% APRnext payment +$0.68 per $10,000 · paid last 24h +0.108%

Price spread now: Hyperliquid against SoDEX+0.136%7-day average +0.109% · 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−$25as in the Price arb table

costs, in and out, $10k−$270.274% of the position

Long on SoDEX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.163%+$16 on $10k

Price spread, last 3 days (all we have)−0.051%−$5 · spread now +0.136%, 7d avg +0.109%

Together, before fees+0.112%+ Points / potential airdropHyperliquid: Season 2 · farm board+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Hyperliquid is 0.027% dearer against SoDEX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.109%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.163% in total (about 19.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.68 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	SoDEX SUI-USD	1.0322	0.0100	pay 0.0013% / 1h	55m 10s	$7K	$2.4M	10x
Short	Hyperliquid SUI	1.0336	0.0646	get 0.0081% / 1h	55m 10s	$74.0M	$80.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against SoDEX. 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 SoDEXbpFee HyperliquidbpOrdersPrice spread, now +0.136%Rate

Funding earned: $114.76
Price spread: +0.136% → +0.109%: $2.68
Slippage, 4 orders: −$10.42
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $90.03
Costs to cover: 0.274%
Break-even: 1.5 days

Slippage from SoDEX: live order book, 4 min ago; Hyperliquid: 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 SoDEX live order book, 4 min ago	0.49 bp	7.8 bp −$8	16.5 bp −$165	103.6 bp −$10.4K	doesn't fit
Sell Hyperliquid live order book, 9 min ago	0.97 bp	5.5 bp −$5	14.1 bp −$141	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	−0.3474%	1h	1.0167	−1.502%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0369%	1h	1.0320	−0.017%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0320%	1h	1.0297	−0.246%	$6K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0316	−0.062%	$94K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0328	+0.054%	$459K	$5.4M	2.5x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0325	+0.031%	$119K	—	150x	as long as short
Bluefin SUI-PERP	+0.0049%	1h	1.0312	−0.097%	$591K	$404K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0324	+0.022%	$793K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0329	+0.070%	$260K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0329	+0.068%	$38K	$498K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SUI_USDC	+0.0099%	8h	1.0322	0.000%	$46K	$330K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0322	−0.003%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0327	+0.044%	$596K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0326	+0.042%	$1.0M	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0320	−0.019%	$224K	$262K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0324	+0.016%	$151.9M	$1.02B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0326	+0.036%	$103.8M	$306.8M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0321	−0.010%	$41.4M	$385.0M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0320	−0.019%	$46K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0269	−0.513%	$242K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0323	+0.010%	$165.4M	$80.6M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0324	+0.019%	$149.0M	$288.6M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0321	−0.010%	$51.8M	$52.1M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0320	−0.019%	$67.8M	$168.7M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0321	−0.010%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0322	0.000%	$656K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0295	−0.261%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0295	−0.258%	$168K	$4.4M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0293	−0.281%	$444K	$6.9M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0299	−0.223%	$234K	$441K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0334	+0.116%	$108K	$784K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0334	+0.116%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USDlong	+0.0100%	1h	1.0322	long leg	$7K	$2.4M	10x
HTX SUI-USDT	+0.0100%	8h	1.0325	+0.029%	$640K	$18.5M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0320	−0.019%	$11.5M	$24.8M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0320	−0.023%	$1.4M	$3.7M	50x	as long as short
01 Exchange SUIUSD	+0.0104%	1h	1.0331	+0.087%	$9K	$9K	10x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0326	+0.037%	$49K	$37K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0324	+0.019%	$7.9M	$23.9M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0224%	1h	1.0327	+0.048%	$985K	$14.0M	50x	as long as short
Deribit SUI_USDC-PERPETUAL	+0.0234%	1h	1.0330	+0.078%	$201K	$581K	25x	as long as short
Kraken Futures PF_SUIUSD	+0.0273%	1h	1.0328	+0.058%	$7.2M	$24.0M	50x	as long as short
Phoenix SUI	+0.0346%	1h	1.0308	−0.138%	$204K	$593K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0638% / S −0.0309%	1h	1.0323	+0.014%	$902K	—	100x	as long as short
Hyperliquid SUIshort	+0.0646%	1h	1.0336	+0.136%	$74.0M	$80.3M	10x
Aftermath Perps SUIUSD	+0.0790%	1h	1.0293	−0.285%	$93K	$381K	10x	as long as short