Funding you earn now, next payment 04:00 UTC+0.0308%/8h= +33.7% APRpaid last 24h +0.043%
Price spread now: Phoenix against Variational Omni+0.190%7-day average +0.064% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.070%+$7 on $10k
+Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.190%, 7d avg +0.064%
=Together, before fees+0.018%+ Points / potential airdropVariational Omni: Active · farm board+$2 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 0.126% dearer against Variational Omni than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.064%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.070% in total (about 7.3% 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 | Variational Omni SUI | 1.0262 | 0.0100 | pay 0.0100% / 8h | 3h 12m | $2.4M | $3.4M | — |
| Short | Phoenix SUI | 1.0281 | 0.0408 | get 0.0051% / 1h | 12m 49s | $215K | $415K | 10x |
Variational Omni SUI
Phoenix SUIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Variational Omni. 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
- $64.71
- Price spread: +0.190% → +0.064%
- $12.61
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $70.32
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Phoenix: live order book, 39 min ago. Net counts fees only.
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 Variational Omni RFQ quote, 1 min ago | 3.22 bp | doesn't fit | 10.5 bp −$105 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 39 min ago | 0.96 bp | 12.3 bp −$12 | 43.0 bp −$430 | 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 | 1.0147 | −1.118% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0377% | 1h | 1.0251 | −0.105% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0152% | 1h | 1.0255 | −0.067% | $6K | $19K | 7x | as long as short |
| Kraken Futures PF_SUIUSD | −0.0067% | 1h | 1.0246 | −0.150% | $6.7M | $25.0M | 50x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0241 | −0.202% | $128K | $227K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0247 | −0.147% | $480K | $5.0M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0247 | −0.143% | $199K | $572K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0246 | −0.151% | $115K | — | 150x | as long as short |
| Bluefin SUI-PERP | +0.0038% | 1h | 1.0234 | −0.270% | $587K | $407K | 25x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0238 | −0.229% | $776K | $5.5M | 10x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
Kraken Futures PF_SUIUSD
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Bluefin SUI-PERP
Lighter SUIShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH SUI | +0.0096% | 1h | 1.0242 | −0.190% | $304K | $2.2M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0248 | −0.134% | $46K | $517K | 50x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0246 | −0.150% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0245 | −0.168% | $580K | $2.1M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0235 | −0.257% | $883K | $4.5M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0244 | −0.176% | $221K | $256K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0235 | −0.256% | $145.8M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0237 | −0.243% | $100.8M | $308.8M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0237 | −0.241% | $40.1M | $385.6M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0250 | −0.114% | $43K | $330K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0233 | −0.280% | $167.8M | $83.2M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0236 | −0.250% | $153.2M | $295.9M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0237 | −0.241% | $50.4M | $54.1M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0232 | −0.289% | $67.0M | $173.9M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0236 | −0.250% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0240 | −0.212% | $638K | $1.3M | 20x | as long as short |
| Variational Omni SUIlong | +0.0100% | 8h | 1.0262 | long leg | $2.4M | $3.4M | — | |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0257 | −0.047% | $167K | $4.6M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0246 | −0.157% | $438K | $7.5M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0274 | +0.120% | $224K | $434K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0258 | −0.036% | $123K | $723K | 10x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0246 | −0.153% | $47K | $179K | 20x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0282 | +0.198% | $2K | $1.7M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0245 | −0.163% | $15K | $2.0M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0241 | −0.202% | $593K | $19.5M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0248 | −0.134% | $11.8M | $27.3M | 50x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0239 | −0.221% | $241K | $4K | 10x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0233 | −0.284% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0250 | −0.114% | $39K | $11K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0152% | 1h | 1.0245 | −0.163% | $9K | $3K | 10x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0246 | −0.153% | $7.6M | $24.6M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0248% | 1h | 1.0243 | −0.182% | $991K | $15.1M | 50x | as long as short |
| Hyperliquid SUI | +0.0351% | 1h | 1.0248 | −0.138% | $73.8M | $81.3M | 10x | as long as short |
| Phoenix SUIshort | +0.0408% | 1h | 1.0281 | +0.190% | $215K | $415K | 10x | |
| GMX SUI/USD [ETH-USDC] | L +0.0600% / S −0.0260% | 1h | 1.0245 | −0.160% | $936K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1477% | 1h | 1.0257 | −0.042% | $82K | $405K | 10x | as long as short |
Lighter RH SUI
Popdex SUIUSDT
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-USDC
Backpack SUI_USDC_PERP
edgeX SUIUSDC
GRVT SUI_USDT_Perp
ApeX Omni SUIUSDT
Polymarket Perps SUI-USD
Orderly PERP_SUI_USDC
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Phemex SUIUSDT
Bulk SUI-USD
Extended SUI-USD
Aevo SUI-PERP
01 Exchange SUIUSD
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD