Funding you earn now, next payment 05:00 UTC+0.0316%/8h= +34.6% APRnext payment +$0.39 per $10,000 · paid last 24h +0.045%
Price spread now: Phoenix against Pacifica+0.148%7-day average +0.091% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$420.423% of the position
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 4 days (all we have)+0.031%+$3 · spread now +0.148%, 7d avg +0.091%
=Together, before fees+0.048%+ Points / potential airdropPacifica: Active · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Phoenix is 0.057% dearer against Pacifica than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.091%.
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 +$0.39 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 | Pacifica SUI | 1.0044 | 0.0100 | pay 0.0013% / 1h | 33m 31s | $217K | $254K | 10x |
| Short | Phoenix SUI | 1.0059 | 0.0416 | get 0.0052% / 1h | 33m 31s | $199K | $422K | 10x |
Pacifica SUI
Phoenix SUIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Pacifica. 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
- $66.3
- Price spread: +0.148% → +0.091%
- $5.67
- Slippage, 4 orders
- −$27.27
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $29.69
- Costs to cover
- 0.423%
- Break-even
- 3.9 days
Slippage from Pacifica: live order book, 15 min ago; Phoenix: live order book, 14 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 Pacifica live order book, 15 min ago | 2.93 bp | 7.7 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 14 min ago | 0.98 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 | −0.3309% | 1h | 1.0121 | +0.766% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0378% | 1h | 1.0058 | +0.135% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0168% | 1h | 1.0063 | +0.189% | $6K | $19K | 7x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0041 | −0.026% | $126K | $227K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0126 | +0.816% | $362K | $5.1M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0057 | +0.129% | $195K | $562K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0058 | +0.143% | $113K | — | 150x | as long as short |
| Bluefin SUI-PERP | +0.0051% | 1h | 1.0040 | −0.040% | $576K | $406K | 25x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0041 | −0.034% | $768K | $5.4M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0048 | +0.038% | $296K | $2.2M | 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
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 | 1.0059 | +0.149% | $29K | $519K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0057 | +0.129% | $46K | $202K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0044 | +0.001% | $26K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0060 | +0.164% | $566K | $2.1M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0055 | +0.105% | $876K | $4.3M | 75x | as long as short |
| Pacifica SUIlong | +0.0100% | 1h | 1.0044 | long leg | $217K | $254K | 10x | |
| Binance SUIUSDT | +0.0100% | 8h | 1.0057 | +0.127% | $143.5M | $1.04B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0055 | +0.109% | $99.5M | $315.6M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0060 | +0.159% | $40.3M | $382.8M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0070 | +0.259% | $43K | $330K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0196 | +1.515% | $240K | $2K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0046 | +0.020% | $165.0M | $84.1M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0061 | +0.169% | $149.1M | $292.6M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0062 | +0.179% | $49.4M | $53.8M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0053 | +0.089% | $66.3M | $176.7M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0059 | +0.149% | — | $82.6M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0039 | −0.050% | $621K | $1.3M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0171 | +1.263% | $2.4M | $3.4M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0182 | +1.372% | $164K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0189 | +1.439% | $441K | $7.5M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0185 | +1.404% | $222K | $435K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0064 | +0.199% | $134K | $726K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0075 | +0.308% | $3K | $1.7M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0062 | +0.179% | $13K | $1.9M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0043 | −0.010% | $615K | $19.4M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0050 | +0.060% | $11.5M | $27.6M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0042 | −0.017% | $1.4M | $4.1M | 50x | as long as short |
| 01 Exchange SUIUSD | +0.0104% | 1h | 1.0059 | +0.149% | $9K | $3K | 10x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0063 | +0.193% | $38K | $11K | 3x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0174% | 1h | 1.0059 | +0.151% | $6.7M | $24.9M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0174 | +1.294% | $7.6M | $24.4M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0248% | 1h | 1.0068 | +0.239% | $966K | $14.9M | 50x | as long as short |
| Hyperliquid SUI | +0.0326% | 1h | 1.0065 | +0.209% | $72.3M | $80.4M | 10x | as long as short |
| Phoenix SUIshort | +0.0416% | 1h | 1.0059 | +0.148% | $199K | $422K | 10x | |
| GMX SUI/USD [ETH-USDC] | L +0.0598% / S −0.0263% | 1h | 1.0056 | +0.122% | $924K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1414% | 1h | 1.0150 | +1.052% | $82K | $408K | 10x | as long as short |
Popdex SUIUSDT
Orderly PERP_SUI_USDC
Paradex SUI-USD-PERP
Nado SUI-PERP
Aster SUIUSDT
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
Kraken Futures PF_SUIUSD
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD