Funding you earn now, next payment 23:00 UTC+0.0227%/8h= +24.8% APRnext payment +$0.28 per $10,000 · paid last 24h +0.028%
Price spread now: Phoenix against SoDEX−0.647%70s7-day average +0.075% · you buy dearer than you sell
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−$420.420% of the position
Funding, last 3 days (all we have)+0.051%+$5 on $10k
+Price spread, last 3 days (all we have)+0.588%+$59 · spread now −0.647%, 7d avg +0.075%
=Funding pays, the price is against you. Phoenix is 0.722% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.647% now, against its 7-day average of +0.075%). If the spread goes back, that is −$72 on $10k: about 11 days of funding at the current rate (+$7 a day). At the pace of the last 3 days (+0.051% in total) that is about 45 days. The two prices were read 70 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 3 days it paid 0.051% in total (about 5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.28 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 | 1.0480 | 0.0100 | pay 0.0013% / 1h | 56m 16s | $6K | $2.3M | 10x |
| Short | Phoenix SUI | 1.0412 | 0.0327 | get 0.0041% / 1h | 56m 16s | $207K | $587K | 10x |
SoDEX SUI-USD
Phoenix SUIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against SoDEX. 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
- $47.64
- Price spread: −0.647% → +0.075%
- −$72.21
- Slippage, 4 orders
- −$27.04
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$66.61
- Costs to cover
- 0.420%
- Break-even
- 16.8 days
Slippage from SoDEX: live order book, 3 min ago; Phoenix: live order book, 16 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, 3 min ago | 0.96 bp | 8.7 bp −$9 | 17.7 bp −$177 | 101.9 bp −$10.2K | doesn't fit |
| Sell Phoenix live order book, 16 min ago | 0.96 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 | −0.3416% | 1h | 1.0260 | −2.099% | $42K | $123K | 12x | as long as short |
| Phemex SUIUSDT | −0.1153% | 8h | 1.0474 | −0.057% | $11.7M | $25.0M | 50x | as long as short |
| Reya SUIRUSDPERP | −0.0370% | 1h | 1.0436 | −0.423% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0360% | 1h | 1.0412 | −0.654% | $6K | $19K | 7x | as long as short |
| Bluefin SUI-PERP | −0.0262% | 1h | 1.0468 | −0.115% | $601K | $406K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0471 | −0.083% | $96K | $176K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0441 | −0.372% | $466K | $5.2M | 2.5x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0002% | 1h | 1.0472 | −0.074% | $121K | — | 150x | as long as short |
| Nado SUI-PERP | +0.0028% | 1h | 1.0428 | −0.501% | $657K | $1.4M | 10x | as long as short |
| 01 Exchange SUIUSD | +0.0032% | 1h | 1.0447 | −0.315% | $9K | $9K | 10x | as long as short |
Injective SUI/USDC PERP
Phemex SUIUSDT
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
Bluefin SUI-PERP
dYdX SUI-USD
Kalshi KXSUIPERP
gTrade (Gains Network) SUI/USD
Nado SUI-PERP
01 Exchange SUIUSDShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SUIUSD | +0.0038% | 1h | 1.0489 | +0.084% | $7.3M | $24.4M | 50x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0482 | +0.019% | $806K | $5.7M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0491 | +0.107% | $268K | $2.0M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0438 | −0.401% | $32K | $503K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0478 | −0.019% | $47K | $327K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0463 | −0.163% | $27K | $9K | 30x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0465 | −0.141% | $1.0M | $4.8M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0471 | −0.085% | $228K | $259K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0483 | +0.029% | $156.1M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0486 | +0.052% | $105.8M | $308.7M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0477 | −0.029% | $42.1M | $393.6M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0450 | −0.286% | $46K | $387K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0387 | −0.889% | $244K | $2K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0464 | −0.153% | $169.5M | $79.7M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0461 | −0.181% | $154.1M | $289.1M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0446 | −0.324% | $51.2M | $53.0M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0477 | −0.029% | $68.9M | $168.3M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0476 | −0.038% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0436 | −0.420% | $672K | $1.1M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0476 | −0.037% | $2.3M | $2.9M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0420 | −0.574% | $170K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0450 | −0.282% | $457K | $7.2M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0397 | −0.792% | $237K | $444K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0446 | −0.324% | $119K | $758K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0473 | −0.067% | $2K | $1.9M | 30x | as long as short |
| SoDEX SUI-USDlong | +0.0100% | 1h | 1.0480 | long leg | $6K | $2.3M | 10x | |
| HTX SUI-USDT | +0.0100% | 8h | 1.0479 | −0.010% | $654K | $18.6M | 75x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0478 | −0.024% | $1.5M | $3.8M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0334 | −1.389% | $39K | $29K | 3x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0200% | 1h | 1.0494 | +0.134% | $1.0M | $14.2M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0431 | −0.468% | $8.0M | $24.4M | 100x | as long as short |
| Deribit SUI_USDC-PERPETUAL | +0.0227% | 1h | 1.0487 | +0.067% | $204K | $586K | 25x | as long as short |
| Phoenix SUIshort | +0.0327% | 1h | 1.0412 | −0.647% | $207K | $587K | 10x | |
| Hyperliquid SUI | +0.0578% | 1h | 1.0452 | −0.267% | $76.0M | $81.2M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0644% / S −0.0317% | 1h | 1.0461 | −0.183% | $897K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0932% | 1h | 1.0424 | −0.537% | $94K | $382K | 10x | as long as short |
Kraken Futures PF_SUIUSD
Lighter SUI
Lighter RH SUI
Popdex SUIUSDT
Orderly PERP_SUI_USDC
Paradex SUI-USD-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-USDC
Backpack SUI_USDC_PERP
Variational Omni SUI
edgeX SUIUSDC
GRVT SUI_USDT_Perp
ApeX Omni SUIUSDT
Polymarket Perps SUI-USD
SunX SUI-USDT
HTX SUI-USDT
Extended SUI-USD
Aevo SUI-PERP
Coinbase International SUI-PERP-INTX
BloFin SUI-USDT
Deribit SUI_USDC-PERPETUAL
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD