Funding you earn now, next payment 22:00 UTC+0.0247%/8h= +27.0% APRpaid last 24h +0.026%
Price spread now: Phoenix against Orderly−0.173%54s7-day average +0.084% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 3 days (all we have)+0.052%+$5 · spread now −0.173%, 7d avg +0.084%
=Funding pays, the price is against you. Phoenix is 0.257% cheaper against Orderly than usual: you would sell low and buy high (spread −0.173% now, against its 7-day average of +0.084%). If the spread goes back, that is −$26 on $10k: about 3.5 days of funding at the current rate (+$7 a day). The two prices were read 54 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 -0.021% in total (about -1.1% 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 | Orderly PERP_SUI_USDC | 1.0270 | 0.0099 | pay 0.0099% / 8h | 1h 05m | $45K | $330K | 20x |
| Short | Phoenix SUI | 1.0252 | 0.0346 | get 0.0043% / 1h | 5m 26s | $203K | $574K | 10x |
Orderly PERP_SUI_USDC
Phoenix SUIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Orderly. 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
- $51.85
- Price spread: −0.173% → +0.084%
- −$25.73
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $13.12
- Costs to cover
- 0.130%
- Break-even
- 5.2 days
Slippage unknown: Orderly: no order-book sample; Phoenix: live order book, 12 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 12 min ago | 0.98 bp | 12.4 bp −$12 | 43.0 bp −$430 | doesn't fit | doesn't fit |
Orderly: 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 | −0.2926% | 1h | 1.0157 | −1.100% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0368% | 1h | 1.0260 | −0.095% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0272% | 1h | 1.0250 | −0.199% | $6K | $19K | 7x | as long as short |
| Bluefin SUI-PERP | −0.0143% | 1h | 1.0258 | −0.117% | $588K | $403K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0262 | −0.082% | $94K | $66K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0271 | +0.012% | $457K | $5.5M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0272 | +0.019% | $190K | $575K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0002% | 1h | 1.0260 | −0.096% | $119K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0259 | −0.108% | $784K | $5.9M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0265 | −0.050% | $259K | $2.0M | 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 SUI
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 | 1.0260 | −0.097% | $37K | $500K | 50x | as long as short |
| Orderly PERP_SUI_USDClong | +0.0099% | 8h | 1.0270 | long leg | $45K | $330K | 20x | |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0260 | −0.095% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0258 | −0.112% | $594K | $1.4M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0262 | −0.073% | $1.0M | $4.5M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0260 | −0.101% | $222K | $263K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0261 | −0.088% | $150.9M | $1.02B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0261 | −0.083% | $102.8M | $306.5M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0260 | −0.097% | $41.1M | $382.5M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0260 | −0.097% | $45K | $387K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0242 | −0.271% | $241K | $2K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0260 | −0.097% | $164.7M | $81.0M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0262 | −0.078% | $148.5M | $297.9M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0257 | −0.127% | $51.5M | $52.1M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0257 | −0.127% | $67.7M | $168.4M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0260 | −0.097% | — | $81.6M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0262 | −0.078% | $650K | $1.1M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0240 | −0.291% | $2.3M | $2.8M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0238 | −0.312% | $167K | $4.4M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0242 | −0.273% | $444K | $7.0M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0252 | −0.175% | $233K | $441K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0269 | −0.010% | $107K | $793K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0280 | +0.097% | $2K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0263 | −0.068% | $6K | $2.4M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0272 | +0.019% | $632K | $18.5M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0262 | −0.078% | $11.5M | $24.7M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0258 | −0.117% | $1.4M | $3.7M | 50x | as long as short |
| 01 Exchange SUIUSD | +0.0104% | 1h | 1.0264 | −0.058% | $9K | $9K | 10x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0280 | +0.093% | $49K | $37K | 3x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0247 | −0.224% | $7.9M | $23.7M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0248% | 1h | 1.0252 | −0.175% | $974K | $13.9M | 50x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0296% | 1h | 1.0266 | −0.039% | $7.2M | $24.1M | 50x | as long as short |
| Phoenix SUIshort | +0.0346% | 1h | 1.0252 | −0.173% | $203K | $574K | 10x | |
| Hyperliquid SUI | +0.0525% | 1h | 1.0276 | +0.058% | $73.4M | $80.2M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0637% / S −0.0309% | 1h | 1.0259 | −0.110% | $896K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0759% | 1h | 1.0258 | −0.118% | $93K | $381K | 10x | as long as short |
Popdex SUIUSDT
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
Phemex SUIUSDT
Extended SUI-USD
01 Exchange SUIUSD
Aevo SUI-PERP
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Kraken Futures PF_SUIUSD
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD