Funding you earn now, next payment 00:00 UTC+0.0199%/8h= +21.8% APRpaid last 24h +0.037%
Price spread now: Phoenix against MEXC+1.422%92s7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as 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−$300.297% of the position
Funding, last 7 days+0.036%+$4 on $10k
+Price spread, last 3 days (all we have)−1.293%−$129 · spread now +1.422%, 7d avg +0.097%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 1.325% dearer against MEXC than usual: you sell high and buy low: +$132 more if the spread goes back to its 7-day average of +0.097%. The two prices were read 92 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 0.036% in total (about 1.9% 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 | MEXC SUI_USDT | 1.0571 | 0.0100 | pay 0.0100% / 8h | 7h 01m | $153.2M | $304.2M | 300x |
| Short | Phoenix SUI | 1.0721 | 0.0299 | get 0.0037% / 1h | 1m 47s | $212K | $590K | 10x |
MEXC SUI_USDT
Phoenix SUIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against MEXC. 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: +1.422% → +0.097%
- $132.48
- Slippage, 4 orders
- −$22.73
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $144.52
- Costs to cover
- 0.297%
- Break-even
- from the start
Slippage from MEXC: live order book, 2 min ago; Phoenix: live order book, 6 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 MEXC live order book, 2 min ago | 1.41 bp | 2.7 bp −$3 | 11.7 bp −$117 | 49.4 bp −$4,936 | 118.2 bp −$59.1K |
| Sell Phoenix live order book, 6 min ago | 1.02 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 | 1.0537 | −0.322% | $43K | $123K | 12x | as long as short |
| Hibachi SUI/USDT-P | −0.0496% | 1h | 1.0723 | +1.433% | $6K | $18K | 7x | as long as short |
| Bluefin SUI-PERP | −0.0454% | 1h | 1.0579 | +0.076% | $607K | $416K | 25x | as long as short |
| Reya SUIRUSDPERP | −0.0371% | 1h | 1.0593 | +0.212% | $4K | $3K | 20x | as long as short |
| Phemex SUIUSDT | −0.0012% | 8h | 1.0587 | +0.151% | $11.8M | $25.3M | 50x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0639 | +0.644% | $97K | $171K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0642 | +0.670% | $582K | $4.9M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0596 | +0.236% | $206K | $580K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0600 | +0.279% | $114K | — | 150x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0038% | 1h | 1.0589 | +0.172% | $7.2M | $24.3M | 50x | as long as short |
Injective SUI/USDC PERP
Hibachi SUI/USDT-P
Bluefin SUI-PERP
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 | +0.0040% | 1h | 1.0597 | +0.246% | $9K | $9K | 10x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0576 | +0.045% | $824K | $5.9M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0588 | +0.163% | $284K | $2.1M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0610 | +0.369% | $34K | $478K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0099% | 8h | 1.0591 | +0.189% | $50K | $308K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0682 | +1.051% | $28K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0593 | +0.213% | $695K | $1.5M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0575 | +0.038% | $1.0M | $4.8M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0637 | +0.626% | $232K | $259K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0573 | +0.019% | $154.9M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0574 | +0.028% | $104.8M | $309.0M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0573 | +0.019% | $41.8M | $396.3M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0590 | +0.180% | $47K | $370K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0760 | +1.792% | $253K | $3K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0575 | +0.038% | $172.6M | $84.5M | 50x | as long as short |
| MEXC SUI_USDTlong | +0.0100% | 8h | 1.0571 | long leg | $153.2M | $304.2M | 300x | |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0564 | −0.066% | $51.3M | $53.3M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0575 | +0.038% | $69.0M | $169.8M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0577 | +0.057% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0572 | +0.009% | $661K | $1.1M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0709 | +1.301% | $2.4M | $3.2M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0747 | +1.663% | $176K | $4.6M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0702 | +1.236% | $464K | $7.5M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0704 | +1.258% | $238K | $491K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0603 | +0.303% | $122K | $744K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0604 | +0.312% | $2K | $1.8M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0584 | +0.123% | $6K | $2.2M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0601 | +0.284% | $664K | $19.3M | 75x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0567 | −0.037% | $1.5M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0598 | +0.255% | $40K | $16K | 3x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0200% | 1h | 1.0589 | +0.170% | $1.0M | $14.8M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0632 | +0.577% | $8.2M | $25.8M | 100x | as long as short |
| Phoenix SUIshort | +0.0299% | 1h | 1.0721 | +1.422% | $212K | $590K | 10x | |
| Hyperliquid SUI | +0.0420% | 1h | 1.0596 | +0.236% | $76.5M | $79.7M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0638% / S −0.0332% | 1h | 1.0600 | +0.271% | $937K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0888% | 1h | 1.0701 | +1.230% | $79K | $379K | 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
Gate 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
Extended SUI-USD
Aevo SUI-PERP
Coinbase International SUI-PERP-INTX
BloFin SUI-USDT
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD