SUI

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0393%/8h= +43.0% APRnext payment +$0.49 per $10,000 · paid last 24h +0.083%

Price spread now: Phoenix against dYdX+0.247%46s7-day average +0.117% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as 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−$890.888% of the position

Long on dYdX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.220%+$22 on $10k

Price spread, last 4 days (all we have)+0.826%+$83 · spread now +0.247%, 7d avg +0.117%

Together, before fees+1.046%+$105 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Phoenix is 0.131% dearer against dYdX than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.117%. The two prices were read 46 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 0.220% in total (about 11.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.49 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	dYdX SUI-USD	1.0120	0	get 0.0000% / 1h	36m 48s	$95K	$257K	10x
Short	Phoenix SUI	1.0145	0.0393	get 0.0049% / 1h	36m 48s	$201K	$400K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against dYdX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee PhoenixbpOrdersPrice spread, now +0.247%Rate

Funding earned: $82.49
Price spread: +0.247% → +0.117%: $13.07
Slippage, 4 orders: −$71.76
Fee dYdX: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $6.8
Costs to cover: 0.888%
Break-even: 6.4 days

Slippage from dYdX: live order book, 22 min ago; Phoenix: live order book, 65 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 dYdX live order book, 22 min ago	27.03 bp	32.0 bp −$32	128.4 bp −$1,284	158.4 bp −$15.8K	183.2 bp −$91.6K
Sell Phoenix live order book, 65 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	−0.2780%	1h	1.0059	−0.603%	$41K	$113K	12x	as long as short
Reya SUIRUSDPERP	−0.0381%	1h	1.0117	−0.026%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0328%	1h	1.0137	+0.170%	$5K	$20K	7x	as long as short
Bluefin SUI-PERP	−0.0238%	1h	1.0099	−0.207%	$579K	$430K	25x	as long as short
dYdX SUI-USDlong	0.0000%	1h	1.0120	long leg	$95K	$257K	10x
Kalshi KXSUIPERP	0.0000%	8h	1.0126	+0.063%	$389K	$4.3M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0115	−0.049%	$194K	$558K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0114	−0.056%	$114K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0123	+0.028%	$758K	$5.1M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0120	−0.001%	$295K	$2.2M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex SUIUSDT	+0.0096%	1h	1.0119	−0.010%	$39K	$525K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0115	−0.049%	$46K	$245K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0128	+0.074%	$26K	$8K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0117	−0.029%	$677K	$2.2M	10x	as long as short
Hyperliquid SUI	+0.0100%	1h	1.0128	+0.076%	$73.0M	$78.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0120	−0.004%	$893K	$4.2M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0118	−0.023%	$215K	$255K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0119	−0.013%	$146.0M	$996.2M	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0108	−0.118%	$97.8M	$311.5M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0108	−0.118%	$40.8M	$367.2M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0130	+0.099%	$43K	$326K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0138	+0.180%	$238K	$454	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0120	0.000%	$166.2M	$81.8M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0124	+0.040%	$152.7M	$283.4M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0126	+0.060%	$49.9M	$52.1M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0113	−0.069%	$66.8M	$169.0M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0120	0.000%	—	$86.4M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0123	+0.030%	$671K	$1.4M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0180	+0.588%	$2.4M	$3.4M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0151	+0.303%	$163K	$4.3M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0149	+0.287%	$442K	$7.1M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0187	+0.662%	$223K	$365K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0128	+0.079%	$122K	$540K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0137	+0.168%	$3K	$1.6M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0115	−0.049%	$6K	$1.7M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0113	−0.069%	$631K	$18.4M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0122	+0.020%	$11.7M	$28.2M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0120	−0.002%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0118	−0.017%	$38K	$11K	3x	as long as short
Kraken Futures PF_SUIUSD	+0.0119%	1h	1.0113	−0.065%	$6.8M	$21.8M	50x	as long as short
01 Exchange SUIUSD	+0.0144%	1h	1.0116	−0.039%	$8K	$3K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0116	−0.039%	$7.5M	$24.3M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0328%	1h	1.0128	+0.079%	$1.0M	$14.3M	50x	as long as short
Phoenix SUIshort	+0.0393%	1h	1.0145	+0.247%	$201K	$400K	10x
GMX SUI/USD [ETH-USDC]	L +0.0600% / S −0.0263%	1h	1.0115	−0.050%	$930K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1300%	1h	1.0164	+0.433%	$82K	$409K	10x	as long as short