SUI

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.013%

Price spread now: Deribit against Lighter+0.007%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$270.268% of the position

Long on Lighter Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 4 days (all we have)+0.005%$0 · spread now +0.007%, 7d avg +0.022%

Together, before fees−0.010%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.022%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SUI	1.0146	0.0096	pay 0.0012% / 1h	27m 57s	$790K	$5.3M	10x
Short	Deribit SUI_USDC-PERPETUAL	1.0147	0	get 0.0000% / 1h	27m 57s	$195K	$563K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Lighter. 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 LighterbpFee DeribitbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$20.16
Price spread: +0.007% → +0.022%: −$1.46
Slippage, 4 orders: −$19.76
Fee Lighter: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$48.39
Costs to cover: 0.268%
Break-even: never at this rate

Slippage from Lighter: live order book, 10 min ago; Deribit: live order book, 16 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 Lighter live order book, 10 min ago	4.15 bp	4.6 bp −$5	11.7 bp −$117	98.1 bp −$9,807	doesn't fit
Sell Deribit live order book, 16 min ago	4.93 bp	8.4 bp −$8	doesn't fit	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	−0.3536%	1h	1.0009	−1.353%	$41K	$113K	12x	as long as short
Reya SUIRUSDPERP	−0.0380%	1h	1.0143	−0.032%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0224%	1h	1.0148	+0.018%	$5K	$21K	7x	as long as short
Bluefin SUI-PERP	−0.0071%	1h	1.0131	−0.151%	$581K	$424K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0131	−0.149%	$95K	$294K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0148	+0.012%	$373K	$4.9M	2.5x	as long as short
Deribit SUI_USDC-PERPETUALshort	0.0000%	1h	1.0147	+0.007%	$195K	$563K	25x
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0143	−0.033%	$114K	—	150x	as long as short
Lighter SUIlong	+0.0096%	1h	1.0146	long leg	$790K	$5.3M	10x
Lighter RH SUI	+0.0096%	1h	1.0149	+0.031%	$297K	$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	1.0141	−0.052%	$37K	$521K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0144	−0.023%	$47K	$216K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0139	−0.071%	$27K	$8K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0136	−0.097%	$535K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0161	+0.145%	$897K	$4.3M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0148	+0.016%	$217K	$260K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0159	+0.125%	$145.4M	$1.02B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0155	+0.082%	$98.7M	$315.0M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0164	+0.174%	$41.1M	$378.1M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0140	−0.062%	$43K	$328K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0119	−0.268%	$238K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0153	+0.066%	$166.4M	$83.3M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0156	+0.096%	$151.7M	$291.9M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0155	+0.086%	$49.9M	$52.9M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0161	+0.145%	$67.0M	$172.7M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0156	+0.096%	—	$87.2M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0149	+0.027%	$668K	$1.3M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0133	−0.134%	$2.4M	$3.5M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0129	−0.169%	$163K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0135	−0.111%	$439K	$7.4M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0115	−0.308%	$222K	$393K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0148	+0.017%	$126K	$672K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0161	+0.145%	$2K	$1.6M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0143	−0.033%	$6K	$1.8M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0141	−0.052%	$620K	$18.5M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0145	−0.013%	$11.7M	$28.1M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0151	+0.047%	$1.4M	$4.0M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0148	+0.012%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0192%	1h	1.0144	−0.023%	$9K	$2K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0147	+0.007%	$7.6M	$24.5M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0280%	1h	1.0151	+0.046%	$1.0M	$14.7M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0366%	1h	1.0145	−0.016%	$6.8M	$22.5M	50x	as long as short
Phoenix SUI	+0.0431%	1h	1.0114	−0.316%	$200K	$413K	10x	as long as short
Hyperliquid SUI	+0.0454%	1h	1.0160	+0.135%	$73.0M	$81.7M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0600% / S −0.0263%	1h	1.0144	−0.024%	$932K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1380%	1h	1.0140	−0.059%	$82K	$410K	10x	as long as short