Funding you earn now, next payment 00:00 UTC+0.0199%/8h= +21.8% APRpaid last 24h +0.037%
Price spread now: Phoenix against Binance−0.072%65s7-day average +0.095% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$390.387% of the position
Funding, last 7 days+0.036%+$4 on $10k
+Price spread, last 3 days (all we have)+0.204%+$20 · spread now −0.072%, 7d avg +0.095%
=Funding pays, the price is against you. Phoenix is 0.167% cheaper against Binance than usual: you would sell low and buy high (spread −0.072% now, against its 7-day average of +0.095%). If the spread goes back, that is −$17 on $10k: about 2.8 days of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.036% in total) that is about 33 days. The two prices were read 65 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 7 days it paid 0.036% in total (about 1.9% 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 | Binance SUIUSDT | 1.0567 | 0.0100 | pay 0.0100% / 8h | 7h 28m | $157.1M | $1.02B | 75x |
| Short | Phoenix SUI | 1.0559 | 0.0299 | get 0.0037% / 1h | 28m 22s | $209K | $590K | 10x |
Binance SUIUSDT
Phoenix SUIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Binance. 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: −0.072% → +0.095%
- −$16.69
- Slippage, 4 orders
- −$21.74
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$13.67
- Costs to cover
- 0.387%
- Break-even
- 9.3 days
Slippage from Binance: live order book, 16 min ago; Phoenix: live order book, 44 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 Binance live order book, 16 min ago | 0.48 bp | 8.0 bp −$8 | 11.2 bp −$112 | 24.8 bp −$2,484 | 92.6 bp −$46.3K |
| Sell Phoenix live order book, 44 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 | 1.0330 | −2.240% | $42K | $123K | 12x | as long as short |
| Bluefin SUI-PERP | −0.0598% | 1h | 1.0567 | +0.003% | $607K | $409K | 25x | as long as short |
| Hibachi SUI/USDT-P | −0.0440% | 1h | 1.0551 | −0.148% | $6K | $18K | 7x | as long as short |
| Reya SUIRUSDPERP | −0.0371% | 1h | 1.0545 | −0.201% | $4K | $3K | 20x | as long as short |
| Phemex SUIUSDT | −0.0364% | 8h | 1.0553 | −0.130% | $11.8M | $25.1M | 50x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0570 | +0.030% | $97K | $169K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0557 | −0.095% | $484K | $4.9M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0584 | +0.163% | $206K | $582K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0002% | 1h | 1.0554 | −0.121% | $122K | — | 150x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0038% | 1h | 1.0583 | +0.155% | $7.3M | $23.8M | 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 | +0.0072% | 1h | 1.0569 | +0.022% | $9K | $9K | 10x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0563 | −0.036% | $818K | $5.8M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0575 | +0.083% | $275K | $2.0M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0554 | −0.120% | $30K | $481K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0577 | +0.097% | $47K | $312K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0603 | +0.348% | $28K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0549 | −0.168% | $670K | $1.4M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0572 | +0.054% | $1.0M | $4.8M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0565 | −0.013% | $229K | $253K | 10x | as long as short |
| Binance SUIUSDTlong | +0.0100% | 8h | 1.0567 | long leg | $157.1M | $1.02B | 75x | |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0582 | +0.145% | $106.1M | $304.8M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0582 | +0.145% | $42.4M | $389.3M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0570 | +0.031% | $47K | $387K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0564 | −0.024% | $248K | $1K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0550 | −0.158% | $170.6M | $81.0M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0547 | −0.187% | $155.3M | $294.5M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0540 | −0.253% | $51.4M | $52.7M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0576 | +0.088% | $69.6M | $165.3M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0552 | −0.139% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0550 | −0.158% | $677K | $1.1M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0491 | −0.718% | $2.4M | $2.9M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0494 | −0.685% | $171K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0526 | −0.385% | $459K | $7.3M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0504 | −0.594% | $241K | $479K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0557 | −0.092% | $120K | $753K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0558 | −0.083% | $3K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0579 | +0.116% | $6K | $2.3M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0552 | −0.139% | $648K | $18.6M | 75x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0572 | +0.052% | $1.5M | $3.9M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0582 | +0.146% | $40K | $16K | 3x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0200% | 1h | 1.0561 | −0.054% | $998K | $14.4M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0556 | −0.102% | $8.1M | $24.8M | 100x | as long as short |
| Phoenix SUIshort | +0.0299% | 1h | 1.0559 | −0.072% | $209K | $590K | 10x | |
| Hyperliquid SUI | +0.0406% | 1h | 1.0562 | −0.045% | $76.9M | $79.2M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0641% / S −0.0324% | 1h | 1.0549 | −0.169% | $918K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0913% | 1h | 1.0518 | −0.465% | $94K | $363K | 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
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
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