Funding you earn now, next payment 00:00 UTC+0.0199%/8h= +21.8% APRpaid last 24h +0.033%
Price spread now: Phoenix against Gate+0.159%7-day average +0.110% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$550.551% of the position
Funding, last 7 days+0.070%+$7 on $10k
+Price spread, last 3 days (all we have)−0.014%−$1 · spread now +0.159%, 7d avg +0.110%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.049% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.110%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.070% in total (about 3.7% 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 | Gate SUI_USDT | 1.0496 | 0.0100 | pay 0.0100% / 8h | 7h 32m | $169.2M | $80.7M | 50x |
| Short | Phoenix SUI | 1.0513 | 0.0299 | get 0.0037% / 1h | 32m 59s | $208K | $590K | 10x |
Gate SUI_USDT
Phoenix SUIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Gate. 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: +0.159% → +0.110%
- $4.93
- Slippage, 4 orders
- −$33.09
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$8.4
- Costs to cover
- 0.551%
- Break-even
- 8.4 days
Slippage from Gate: live order book, 1 min ago; Phoenix: live order book, 40 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 Gate live order book, 1 min ago | 0.95 bp | 15.1 bp −$15 | 32.2 bp −$322 | 45.5 bp −$4,553 | 77.8 bp −$38.9K |
| Sell Phoenix live order book, 40 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 | −1.582% | $42K | $123K | 12x | as long as short |
| Bluefin SUI-PERP | −0.0674% | 1h | 1.0476 | −0.191% | $601K | $409K | 25x | as long as short |
| Hibachi SUI/USDT-P | −0.0432% | 1h | 1.0507 | +0.101% | $6K | $18K | 7x | as long as short |
| Reya SUIRUSDPERP | −0.0371% | 1h | 1.0494 | −0.019% | $4K | $3K | 20x | as long as short |
| Phemex SUIUSDT | −0.0040% | 8h | 1.0492 | −0.038% | $11.8M | $25.1M | 50x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0504 | +0.076% | $96K | $169K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0511 | +0.144% | $483K | $5.0M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0493 | −0.029% | $204K | $583K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0002% | 1h | 1.0492 | −0.038% | $121K | — | 150x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0038% | 1h | 1.0495 | −0.009% | $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 | +0.0080% | 1h | 1.0503 | +0.067% | $9K | $9K | 10x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0495 | −0.006% | $813K | $5.8M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0497 | +0.012% | $275K | $2.0M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0506 | +0.095% | $29K | $486K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0489 | −0.067% | $47K | $313K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0509 | +0.128% | $28K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0501 | +0.052% | $667K | $1.4M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0497 | +0.012% | $1.0M | $4.8M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0509 | +0.124% | $228K | $256K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0492 | −0.041% | $155.9M | $1.02B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0492 | −0.041% | $105.0M | $304.9M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0495 | −0.010% | $42.1M | $386.9M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0520 | +0.229% | $47K | $387K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0450 | −0.442% | $246K | $813 | 10x | as long as short |
| Gate SUI_USDTlong | +0.0100% | 8h | 1.0496 | long leg | $169.2M | $80.7M | 50x | |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0499 | +0.029% | $154.6M | $293.6M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0486 | −0.095% | $51.1M | $52.7M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0493 | −0.029% | $69.1M | $165.8M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0496 | 0.000% | — | $81.4M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0489 | −0.067% | $677K | $1.1M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0488 | −0.077% | $2.4M | $2.9M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0495 | −0.008% | $171K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0526 | +0.282% | $458K | $7.4M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0479 | −0.162% | $241K | $479K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0507 | +0.105% | $120K | $756K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0524 | +0.267% | $3K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0493 | −0.029% | $6K | $2.3M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0482 | −0.133% | $646K | $18.5M | 75x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0487 | −0.082% | $1.5M | $3.9M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0496 | −0.001% | $40K | $16K | 3x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0200% | 1h | 1.0499 | +0.029% | $1.0M | $14.4M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0500 | +0.038% | $8.1M | $24.4M | 100x | as long as short |
| Phoenix SUIshort | +0.0299% | 1h | 1.0513 | +0.159% | $208K | $590K | 10x | |
| Hyperliquid SUI | +0.0395% | 1h | 1.0507 | +0.105% | $76.5M | $79.0M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0639% / S −0.0324% | 1h | 1.0491 | −0.047% | $913K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0876% | 1h | 1.0481 | −0.139% | $94K | $368K | 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
Binance SUIUSDT
Bybit SUIUSDT
OKX SUI-USDT-SWAP
Arcus SUI-USD
Bulk SUI-USD
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
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