Funding you earn now, next payment 08:00 UTC+0.0326%/8h= +35.7% APRnext payment +$0.41 per $10,000 · paid last 24h +0.056%
Price spread now: Phoenix against Bulk−0.176%7-day average +0.030% · 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−$54as in the Price arb table
costs, in and out, $10k−$340.337% of the position
Funding, last 4 days (all we have)+0.082%+$8 on $10k
+Price spread, last 4 days (all we have)+0.705%+$70 · spread now −0.176%, 7d avg +0.030%
=Funding pays, the price is against you. Phoenix is 0.206% cheaper against Bulk than usual: you would sell low and buy high (spread −0.176% now, against its 7-day average of +0.030%). If the spread goes back, that is −$21 on $10k: about 2.1 days of funding at the current rate (+$10 a day). At the pace of the last 4 days (+0.082% in total) that is about 9.5 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.082% in total (about 7.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.41 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 | Bulk SUI-USD | 1.0150 | 0.0100 | pay 0.0013% / 1h | 33m 04s | $232K | $7K | 10x |
| Short | Phoenix SUI | 1.0132 | 0.0426 | get 0.0053% / 1h | 33m 04s | $201K | $395K | 10x |
Bulk SUI-USD
Phoenix SUIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Bulk. 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: −0.176% → +0.030%
- −$20.65
- Slippage, 4 orders
- −$19.71
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $14.05
- Costs to cover
- 0.337%
- Break-even
- 5.6 days
Slippage from Bulk: live order book, 1 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 Bulk live order book, 1 min ago | 0.99 bp | 4.5 bp −$4 | 7.5 bp −$75 | 18.0 bp −$1,802 | 38.4 bp −$19.2K |
| 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 | −1.029% | $41K | $113K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0382% | 1h | 1.0131 | −0.191% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0168% | 1h | 1.0138 | −0.127% | $5K | $17K | 7x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0106 | −0.435% | $94K | $251K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0118 | −0.320% | $377K | $4.2M | 2.5x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0116 | −0.335% | $114K | — | 150x | as long as short |
| 01 Exchange SUIUSD | +0.0088% | 1h | 1.0105 | −0.447% | $8K | $3K | 10x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0120 | −0.299% | $746K | $4.8M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0121 | −0.286% | $308K | $2.2M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0106 | −0.437% | $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 | −0.418% | $46K | $504K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0104 | −0.456% | $26K | $8K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0101 | −0.487% | $671K | $2.2M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0117 | −0.329% | $901K | $4.2M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0108 | −0.414% | $215K | $251K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0118 | −0.319% | $144.8M | $978.9M | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0115 | −0.349% | $97.4M | $304.0M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0116 | −0.339% | $40.9M | $360.1M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0110 | −0.398% | $43K | $321K | 10x | as long as short |
| Bulk SUI-USDlong | +0.0100% | 1h | 1.0150 | long leg | $232K | $7K | 10x | |
| Gate SUI_USDT | +0.0100% | 8h | 1.0112 | −0.378% | $166.3M | $79.5M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0118 | −0.319% | $99.3M | $288.3M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0112 | −0.378% | $51.4M | $50.8M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0111 | −0.388% | $66.8M | $166.1M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0115 | −0.349% | — | $87.7M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0112 | −0.378% | $663K | $1.3M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0139 | −0.114% | $2.4M | $3.3M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0132 | −0.183% | $163K | $4.2M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0132 | −0.181% | $438K | $7.1M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0164 | +0.134% | $205K | $371K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0109 | −0.408% | $122K | $515K | 10x | as long as short |
| Bluefin SUI-PERP | +0.0100% | 1h | 1.0095 | −0.546% | $579K | $451K | 25x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0154 | +0.035% | $2K | $1.5M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0113 | −0.368% | $6K | $1.6M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0113 | −0.368% | $630K | $17.9M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0121 | −0.290% | $11.7M | $28.3M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0108 | −0.414% | $1.4M | $4.0M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0145 | −0.055% | $39K | $11K | 3x | as long as short |
| Hyperliquid SUI | +0.0107% | 1h | 1.0126 | −0.244% | $73.0M | $76.9M | 10x | as long as short |
| Deribit SUI_USDC-PERPETUAL | +0.0146% | 1h | 1.0116 | −0.339% | $195K | $536K | 25x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0115 | −0.349% | $7.5M | $24.3M | 100x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0284% | 1h | 1.0116 | −0.339% | $6.8M | $21.4M | 50x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0360% | 1h | 1.0155 | +0.045% | $1.0M | $14.1M | 50x | as long as short |
| Phoenix SUIshort | +0.0426% | 1h | 1.0132 | −0.176% | $201K | $395K | 10x | |
| GMX SUI/USD [ETH-USDC] | L +0.0599% / S −0.0263% | 1h | 1.0106 | −0.433% | $929K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1177% | 1h | 1.0139 | −0.111% | $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
Gate SUI_USDT
MEXC SUI_USDT
KuCoin SUIUSDTM
Bitget SUIUSDT
BingX SUI-USDT
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