Funding you earn now, next payment 06:00 UTC+0.0335%/8h= +36.6% APRnext payment +$0.42 per $10,000 · paid last 24h +0.050%
Price spread now: Phoenix against Lighter+0.164%7-day average +0.089% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$350.349% of the position
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 4 days (all we have)−0.068%−$7 · spread now +0.164%, 7d avg +0.089%
=Together, before fees−0.051%+ Points / potential airdropLighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Phoenix is 0.075% dearer against Lighter than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.089%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.017% in total (about 0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.42 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 | Lighter SUI | 1.0185 | 0.0096 | pay 0.0012% / 1h | 13m 16s | $780K | $5.4M | 10x |
| Short | Phoenix SUI | 1.0201 | 0.0431 | get 0.0054% / 1h | 13m 16s | $202K | $413K | 10x |
Lighter SUI
Phoenix SUIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Lighter. 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
- $70.26
- Price spread: +0.164% → +0.089%
- $7.5
- Slippage, 4 orders
- −$27.9
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $42.87
- Costs to cover
- 0.349%
- Break-even
- 2.7 days
Slippage from Lighter: live order book, 5 min ago; Phoenix: live order book, 29 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, 5 min ago | 2.74 bp | 4.2 bp −$4 | 12.6 bp −$126 | 95.8 bp −$9,583 | doesn't fit |
| Sell Phoenix live order book, 29 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 | −0.3536% | 1h | 1.0080 | −1.027% | $41K | $113K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0380% | 1h | 1.0179 | −0.051% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0256% | 1h | 1.0182 | −0.021% | $5K | $20K | 7x | as long as short |
| Bluefin SUI-PERP | −0.0101% | 1h | 1.0168 | −0.163% | $583K | $421K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0180 | −0.046% | $95K | $257K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0187 | +0.024% | $376K | $4.4M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0185 | +0.004% | $196K | $558K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0183 | −0.016% | $115K | — | 150x | as long as short |
| Lighter SUIlong | +0.0096% | 1h | 1.0185 | long leg | $780K | $5.4M | 10x | |
| Lighter RH SUI | +0.0096% | 1h | 1.0186 | +0.018% | $299K | $2.2M | 10x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
Bluefin SUI-PERP
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Lighter RH SUIShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex SUIUSDT | +0.0096% | 1h | 1.0183 | −0.016% | $39K | $522K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0182 | −0.026% | $47K | $222K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0183 | −0.014% | $27K | $8K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0182 | −0.030% | $691K | $2.2M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0183 | −0.016% | $898K | $4.3M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0184 | −0.002% | $218K | $258K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0184 | −0.010% | $146.3M | $1.01B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0180 | −0.045% | $98.7M | $313.3M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0182 | −0.026% | $41.0M | $373.3M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0190 | +0.053% | $43K | $329K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0191 | +0.058% | $240K | $1K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0184 | −0.006% | $167.4M | $83.7M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0185 | +0.004% | $153.8M | $292.9M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0186 | +0.014% | $50.1M | $52.5M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0178 | −0.065% | $67.2M | $171.0M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0184 | −0.006% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0183 | −0.016% | $672K | $1.3M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0184 | −0.009% | $2.4M | $3.5M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0187 | +0.021% | $164K | $4.6M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0188 | +0.033% | $438K | $7.1M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0190 | +0.053% | $224K | $378K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0190 | +0.053% | $126K | $587K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0201 | +0.161% | $3K | $1.6M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0182 | −0.026% | $5K | $1.8M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0177 | −0.075% | $636K | $18.4M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0187 | +0.024% | $11.8M | $28.3M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0178 | −0.069% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0183 | −0.019% | $39K | $11K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0200% | 1h | 1.0189 | +0.043% | $9K | $2K | 10x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0179 | −0.055% | $7.5M | $24.5M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0280% | 1h | 1.0181 | −0.035% | $1.0M | $14.6M | 50x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0364% | 1h | 1.0183 | −0.015% | $6.8M | $22.0M | 50x | as long as short |
| Phoenix SUIshort | +0.0431% | 1h | 1.0201 | +0.164% | $202K | $413K | 10x | |
| Hyperliquid SUI | +0.0433% | 1h | 1.0192 | +0.073% | $73.4M | $81.5M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0601% / S −0.0263% | 1h | 1.0184 | −0.009% | $936K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1358% | 1h | 1.0197 | +0.118% | $82K | $409K | 10x | as long as short |
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-USDC
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
Phemex SUIUSDT
Extended SUI-USD
Aevo SUI-PERP
01 Exchange SUIUSD
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Kraken Futures PF_SUIUSD
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD