Funding you earn now, next payment 00:00 UTC+0.0199%/8h= +21.8% APRpaid last 24h +0.030%
Price spread now: Phoenix against SunX+0.126%7-day average −0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1371.375% of the position
Funding, last 7 days−0.019%−$2 on $10k
+Price spread, last 3 days (all we have)−0.291%−$29 · spread now +0.126%, 7d avg −0.039%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.165% dearer against SunX than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.039%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.019% in total (about -1.0% a year). A funding rate is set anew for every payment. 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 | SunX SUI-USDT | 1.0645 | 0.0100 | pay 0.0100% / 8h | 7h 16m | $2K | $1.9M | 30x |
| Short | Phoenix SUI | 1.0658 | 0.0299 | get 0.0037% / 1h | 16m 42s | $211K | $590K | 10x |
SunX SUI-USDT
Phoenix SUIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against SunX. 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
- $41.76
- Price spread: +0.126% → −0.039%
- $16.52
- Slippage, 4 orders
- −$122.48
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$79.21
- Costs to cover
- 1.375%
- Break-even
- 20.3 days
Slippage from SunX: live order book, 9 min ago; Phoenix: live order book, 56 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 SunX live order book, 9 min ago | 30.02 bp | 44.6 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 56 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 | 1.0391 | −2.386% | $43K | $123K | 12x | as long as short |
| Bluefin SUI-PERP | −0.0489% | 1h | 1.0626 | −0.178% | $610K | $410K | 25x | as long as short |
| Hibachi SUI/USDT-P | −0.0480% | 1h | 1.0638 | −0.062% | $6K | $18K | 7x | as long as short |
| Reya SUIRUSDPERP | −0.0371% | 1h | 1.0646 | +0.014% | $4K | $3K | 20x | as long as short |
| Phemex SUIUSDT | −0.0007% | 8h | 1.0645 | 0.000% | $11.9M | $25.2M | 50x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0696 | +0.482% | $97K | $170K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0670 | +0.239% | $555K | $4.9M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0643 | −0.019% | $207K | $582K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0643 | −0.022% | $117K | — | 150x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0038% | 1h | 1.0649 | +0.037% | $7.4M | $24.1M | 50x | as long as short |
Injective SUI/USDC PERP
Bluefin SUI-PERP
Hibachi SUI/USDT-P
Reya SUIRUSDPERP
Phemex SUIUSDT
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Kraken Futures PF_SUIUSDShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUIUSD | +0.0056% | 1h | 1.0649 | +0.038% | $9K | $9K | 10x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0699 | +0.509% | $835K | $5.9M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0683 | +0.354% | $279K | $2.1M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0661 | +0.150% | $32K | $478K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0640 | −0.047% | $49K | $310K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0697 | +0.491% | $28K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0660 | +0.146% | $697K | $1.5M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0673 | +0.259% | $1.0M | $4.8M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0693 | +0.451% | $234K | $251K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0694 | +0.460% | $158.4M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0690 | +0.423% | $106.6M | $306.4M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0695 | +0.470% | $42.5M | $396.4M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0660 | +0.141% | $47K | $387K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0632 | −0.122% | $250K | $3K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0670 | +0.235% | $174.7M | $82.3M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0670 | +0.235% | $155.7M | $299.5M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0667 | +0.207% | $52.0M | $53.1M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0673 | +0.263% | $69.6M | $168.4M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0668 | +0.216% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0651 | +0.056% | $677K | $1.1M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0701 | +0.524% | $2.5M | $2.9M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0681 | +0.334% | $174K | $4.6M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0659 | +0.133% | $461K | $7.1M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0682 | +0.348% | $238K | $493K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0667 | +0.207% | $122K | $748K | 10x | as long as short |
| SunX SUI-USDTlong | +0.0100% | 8h | 1.0645 | long leg | $2K | $1.9M | 30x | |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0643 | −0.019% | $6K | $2.2M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0651 | +0.056% | $668K | $19.0M | 75x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0666 | +0.199% | $1.5M | $4.0M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0643 | −0.020% | $40K | $16K | 3x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0200% | 1h | 1.0651 | +0.056% | $1.0M | $14.8M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0653 | +0.075% | $8.1M | $25.3M | 100x | as long as short |
| Phoenix SUIshort | +0.0299% | 1h | 1.0658 | +0.126% | $211K | $590K | 10x | |
| Hyperliquid SUI | +0.0420% | 1h | 1.0692 | +0.442% | $77.4M | $79.1M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0640% / S −0.0320% | 1h | 1.0639 | −0.054% | $917K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0943% | 1h | 1.0649 | +0.039% | $79K | $378K | 10x | as long as short |
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
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
SoDEX SUI-USD
HTX SUI-USDT
Extended SUI-USD
Aevo SUI-PERP
Coinbase International SUI-PERP-INTX
BloFin SUI-USDT
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD