Funding you earn now, next payment 04:00 UTC+0.0308%/8h= +33.7% APRpaid last 24h +0.043%
Price spread now: Phoenix against Bybit−0.239%7-day average +0.109% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$410.405% of the position
Funding, last 7 days+0.069%+$7 on $10k
+Price spread, last 4 days (all we have)+0.418%+$42 · spread now −0.239%, 7d avg +0.109%
=Funding pays, the price is against you. Phoenix is 0.348% cheaper against Bybit than usual: you would sell low and buy high (spread −0.239% now, against its 7-day average of +0.109%). If the spread goes back, that is −$35 on $10k: about 3.8 days of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.069% in total) that is about 35 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.069% in total (about 3.6% 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 | Bybit SUIUSDT | 1.0261 | 0.0100 | pay 0.0100% / 8h | 3h 21m | $101.2M | $309.1M | 50x |
| Short | Phoenix SUI | 1.0237 | 0.0408 | get 0.0051% / 1h | 21m 32s | $215K | $415K | 10x |
Bybit SUIUSDT
Phoenix SUIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Bybit. 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: −0.239% → +0.109%
- −$34.81
- Slippage, 4 orders
- −$22.53
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$10.64
- Costs to cover
- 0.405%
- Break-even
- 8.2 days
Slippage from Bybit: live order book, 3 min ago; Phoenix: live order book, 31 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 Bybit live order book, 3 min ago | 0.49 bp | 7.5 bp −$7 | 14.4 bp −$144 | 43.0 bp −$4,302 | doesn't fit |
| Sell Phoenix live order book, 31 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 | 1.0224 | −0.364% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0377% | 1h | 1.0258 | −0.029% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0176% | 1h | 1.0226 | −0.343% | $6K | $19K | 7x | as long as short |
| Kraken Futures PF_SUIUSD | −0.0067% | 1h | 1.0228 | −0.320% | $6.7M | $26.7M | 50x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0263 | +0.018% | $129K | $227K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0223 | −0.373% | $474K | $5.1M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0225 | −0.354% | $199K | $572K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0226 | −0.341% | $115K | — | 150x | as long as short |
| Bluefin SUI-PERP | +0.0034% | 1h | 1.0212 | −0.480% | $586K | $406K | 25x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0255 | −0.060% | $774K | $5.4M | 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 | 1.0254 | −0.070% | $306K | $2.2M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0263 | +0.017% | $45K | $516K | 50x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0263 | +0.017% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0262 | +0.007% | $581K | $2.1M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0260 | −0.016% | $886K | $4.5M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0262 | +0.009% | $222K | $254K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0261 | −0.003% | $147.4M | $1.03B | 75x | as long as short |
| Bybit SUIUSDTlong | +0.0100% | 8h | 1.0261 | long leg | $101.2M | $309.1M | 50x | |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0260 | −0.013% | $40.1M | $386.2M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0270 | +0.085% | $43K | $331K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0263 | +0.017% | $167.1M | $82.3M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0264 | +0.026% | $153.5M | $295.3M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0262 | +0.007% | $50.3M | $54.2M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0257 | −0.042% | $67.1M | $173.9M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0263 | +0.017% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0222 | −0.383% | $633K | $1.3M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0246 | −0.153% | $2.4M | $3.4M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0240 | −0.206% | $168K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0231 | −0.294% | $442K | $7.6M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0241 | −0.198% | $224K | $433K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0271 | +0.095% | $123K | $724K | 10x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0227 | −0.334% | $47K | $172K | 20x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0263 | +0.017% | $2K | $1.7M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0228 | −0.325% | $14K | $2.0M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0206 | −0.539% | $582K | $19.6M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0229 | −0.315% | $11.8M | $27.2M | 50x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0239 | −0.217% | $241K | $4K | 10x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0261 | −0.006% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0229 | −0.320% | $39K | $11K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0152% | 1h | 1.0264 | +0.026% | $9K | $3K | 10x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0238 | −0.227% | $7.7M | $24.6M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0248% | 1h | 1.0234 | −0.266% | $966K | $15.0M | 50x | as long as short |
| Hyperliquid SUI | +0.0370% | 1h | 1.0271 | +0.095% | $74.2M | $81.1M | 10x | as long as short |
| Phoenix SUIshort | +0.0408% | 1h | 1.0237 | −0.239% | $215K | $415K | 10x | |
| GMX SUI/USD [ETH-USDC] | L +0.0598% / S −0.0260% | 1h | 1.0225 | −0.357% | $932K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1499% | 1h | 1.0262 | +0.005% | $82K | $402K | 10x | as long as short |
Lighter RH SUI
Popdex SUIUSDT
Paradex SUI-USD-PERP
Nado SUI-PERP
Aster SUIUSDT
Pacifica SUI
Binance 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
Variational Omni SUI
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