Funding you earn now, next payment 08:00 UTC+0.0326%/8h= +35.7% APRpaid last 24h +0.056%
Price spread now: Phoenix against BingX+0.173%7-day average +0.108% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$370.375% of the position
Funding, last 7 days+0.047%+$5 on $10k
+Price spread, last 4 days (all we have)+0.873%+$87 · spread now +0.173%, 7d avg +0.108%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Phoenix is 0.065% dearer against BingX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.108%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.047% in total (about 2.4% 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 | BingX SUI-USDT | 1.0115 | 0.0100 | pay 0.0100% / 8h | 7h 33m | — | $87.7M | — |
| Short | Phoenix SUI | 1.0132 | 0.0426 | get 0.0053% / 1h | 33m 09s | $201K | $395K | 10x |
BingX SUI-USDT
Phoenix SUIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against BingX. 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
- $68.41
- Price spread: +0.173% → +0.108%
- $6.54
- Slippage, 4 orders
- −$20.49
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $37.45
- Costs to cover
- 0.375%
- Break-even
- 3.2 days
Slippage from BingX: live order book, 6 min ago; Phoenix: live order book, 64 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 BingX live order book, 6 min ago | 0.99 bp | 6.0 bp −$6 | 8.2 bp −$82 | 16.0 bp −$1,600 | 54.1 bp −$27.0K |
| Sell Phoenix live order book, 64 min ago | 0.99 bp | 12.4 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 | −0.3240% | 1h | 1.0046 | −0.682% | $41K | $113K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0382% | 1h | 1.0131 | +0.158% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0168% | 1h | 1.0138 | +0.223% | $5K | $17K | 7x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0106 | −0.086% | $94K | $251K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0118 | +0.029% | $377K | $4.2M | 2.5x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0116 | +0.014% | $114K | — | 150x | as long as short |
| 01 Exchange SUIUSD | +0.0088% | 1h | 1.0105 | −0.099% | $8K | $3K | 10x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0120 | +0.050% | $746K | $4.8M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0121 | +0.063% | $308K | $2.2M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0106 | −0.089% | $45K | $530K | 50x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
dYdX SUI-USD
Kalshi KXSUIPERP
gTrade (Gains Network) SUI/USD
01 Exchange SUIUSD
Lighter SUI
Lighter RH SUI
Popdex SUIUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0108 | −0.069% | $46K | $504K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0104 | −0.108% | $26K | $8K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0101 | −0.138% | $671K | $2.2M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0117 | +0.020% | $901K | $4.2M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0108 | −0.066% | $215K | $251K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0118 | +0.030% | $144.8M | $978.9M | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0115 | 0.000% | $97.4M | $304.0M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0116 | +0.010% | $40.9M | $360.1M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0110 | −0.049% | $43K | $321K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0150 | +0.350% | $232K | $7K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0112 | −0.030% | $166.3M | $79.5M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0118 | +0.030% | $99.3M | $288.3M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0112 | −0.030% | $51.4M | $50.8M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0111 | −0.040% | $66.8M | $166.1M | 75x | as long as short |
| BingX SUI-USDTlong | +0.0100% | 8h | 1.0115 | long leg | — | $87.7M | — | |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0112 | −0.030% | $663K | $1.3M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0139 | +0.236% | $2.4M | $3.3M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0132 | +0.167% | $163K | $4.2M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0132 | +0.168% | $438K | $7.1M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0164 | +0.484% | $205K | $371K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0109 | −0.059% | $122K | $515K | 10x | as long as short |
| Bluefin SUI-PERP | +0.0100% | 1h | 1.0095 | −0.198% | $579K | $451K | 25x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0154 | +0.386% | $2K | $1.5M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0113 | −0.020% | $6K | $1.6M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0113 | −0.020% | $630K | $17.9M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0121 | +0.059% | $11.7M | $28.3M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0108 | −0.066% | $1.4M | $4.0M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0145 | +0.295% | $39K | $11K | 3x | as long as short |
| Hyperliquid SUI | +0.0107% | 1h | 1.0126 | +0.105% | $73.0M | $76.9M | 10x | as long as short |
| Deribit SUI_USDC-PERPETUAL | +0.0146% | 1h | 1.0116 | +0.010% | $195K | $536K | 25x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0115 | 0.000% | $7.5M | $24.3M | 100x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0284% | 1h | 1.0116 | +0.010% | $6.8M | $21.4M | 50x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0360% | 1h | 1.0155 | +0.395% | $1.0M | $14.1M | 50x | as long as short |
| Phoenix SUIshort | +0.0426% | 1h | 1.0132 | +0.173% | $201K | $395K | 10x | |
| GMX SUI/USD [ETH-USDC] | L +0.0599% / S −0.0263% | 1h | 1.0106 | −0.084% | $929K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1177% | 1h | 1.0139 | +0.239% | $81K | $409K | 10x | as long as short |
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
Backpack SUI_USDC_PERP
Variational Omni SUI
edgeX SUIUSDC
GRVT SUI_USDT_Perp
ApeX Omni SUIUSDT
Polymarket Perps SUI-USD
Bluefin SUI-PERP
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Phemex SUIUSDT
Extended SUI-USD
Aevo SUI-PERP
Hyperliquid SUI
Deribit SUI_USDC-PERPETUAL
BloFin SUI-USDT
Kraken Futures PF_SUIUSD
Coinbase International SUI-PERP-INTX
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD