Funding you earn now, next payment 06:00 UTC−0.0500%/8h= −54.8% APRpaid last 24h −0.140%
Price spread now: Phemex against GMX−0.045%7-day average +0.004% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.398%−$40 on $10k
+Price spread, last 4 days (all we have)+0.097%+$10 · spread now −0.045%, 7d avg +0.004%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Phemex is 0.049% cheaper against GMX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.004%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX SUI/USD [ETH-USDC] | 1.0244 | L +0.0600% / S −0.0260% | pay 0.0075% / 1h | 47m 51s | $937K | — | 100x |
| Short | Phemex SUIUSDT | 1.0239 | 0.0100 | get 0.0100% / 8h | 2h 47m | $11.8M | $27.4M | 50x |
GMX SUI/USD [ETH-USDC]
Phemex SUIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against GMX. 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
- −$105.03
- Price spread: −0.045% → +0.004%
- −$4.9
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$133.94
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Phemex: live order book, 6 min ago. Net counts fees only.
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 GMX no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 6 min ago | 1.47 bp | 9.3 bp −$9 | 20.6 bp −$206 | doesn't fit | doesn't fit |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.3309% | 1h | 1.0051 | −1.880% | $41K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0378% | 1h | 1.0247 | +0.032% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0136% | 1h | 1.0220 | −0.234% | $6K | $19K | 7x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0238 | −0.053% | $128K | $227K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0240 | −0.035% | $482K | $5.0M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0245 | +0.013% | $199K | $571K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0245 | +0.008% | $115K | — | 150x | as long as short |
| Bluefin SUI-PERP | +0.0076% | 1h | 1.0232 | −0.114% | $587K | $408K | 25x | as long as short |
| 01 Exchange SUIUSD | +0.0088% | 1h | 1.0251 | +0.072% | $9K | $3K | 10x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0242 | −0.016% | $776K | $5.4M | 10x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Bluefin SUI-PERP
01 Exchange SUIUSD
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 | 1.0246 | +0.019% | $304K | $2.2M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0249 | +0.052% | $47K | $519K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0245 | +0.013% | $47K | $189K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0240 | −0.033% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0250 | +0.067% | $580K | $2.1M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0229 | −0.138% | $879K | $4.3M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0241 | −0.027% | $221K | $254K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0232 | −0.115% | $145.9M | $1.04B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0231 | −0.126% | $100.9M | $309.9M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0230 | −0.133% | $40.4M | $385.9M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0250 | +0.062% | $43K | $330K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0226 | −0.173% | $240K | $2K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0227 | −0.162% | $167.9M | $82.7M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0228 | −0.153% | $152.1M | $290.7M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0227 | −0.162% | $50.2M | $53.9M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0222 | −0.211% | $66.6M | $175.7M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0231 | −0.123% | — | $82.4M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0238 | −0.055% | $631K | $1.3M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0233 | −0.107% | $2.4M | $3.4M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0221 | −0.221% | $164K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0241 | −0.028% | $442K | $7.5M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0230 | −0.133% | $223K | $434K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0257 | +0.131% | $138K | $733K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0265 | +0.209% | $3K | $1.7M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0243 | −0.006% | $14K | $2.0M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0247 | +0.033% | $597K | $19.4M | 75x | as long as short |
| Phemex SUIUSDTshort | +0.0100% | 8h | 1.0239 | −0.045% | $11.8M | $27.4M | 50x | |
| Extended SUI-USD | +0.0104% | 1h | 1.0225 | −0.185% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0243 | −0.003% | $39K | $11K | 3x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0171% | 1h | 1.0243 | −0.005% | $6.7M | $24.7M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0225 | −0.182% | $7.6M | $24.5M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0248% | 1h | 1.0259 | +0.150% | $976K | $15.0M | 50x | as long as short |
| Hyperliquid SUI | +0.0343% | 1h | 1.0246 | +0.023% | $73.5M | $80.6M | 10x | as long as short |
| Phoenix SUI | +0.0416% | 1h | 1.0246 | +0.026% | $203K | $422K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC]long | L +0.0600% / S −0.0260% | 1h | 1.0244 | long leg | $937K | — | 100x | |
| Aftermath Perps SUIUSD | +0.1380% | 1h | 1.0233 | −0.104% | $82K | $408K | 10x | as long as short |
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
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
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Extended SUI-USD
Aevo SUI-PERP
Kraken Futures PF_SUIUSD
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Hyperliquid SUI
Phoenix SUI
Aftermath Perps SUIUSD