Funding you earn now, next payment 03:00 UTC−0.0290%/8h= −31.7% APRnext payment −$0.36 per $10,000 · paid last 24h −0.039%
Price spread now: Bulk against Phoenix+0.044%51s7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$350.348% of the position
Funding, last 4 days (all we have)−0.063%−$6 on $10k
+Price spread, last 4 days (all we have)−0.385%−$38 · spread now +0.044%, 7d avg −0.020%
=The price spread pays, funding is against you. Bulk is 0.064% dearer against Phoenix than usual: you sell high and buy low (spread +0.044% now, against its 7-day average of −0.020%): +$6 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 4 days (−0.063% in total) that is about 3.7 days. The two prices were read 51 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 4 days it paid -0.063% in total (about -6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.36 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 | Phoenix SUI | 1.0403 | 0.0390 | pay 0.0049% / 1h | 20m 00s | $211K | $421K | 10x |
| Short | Bulk SUI-USD | 1.0408 | 0.0100 | get 0.0013% / 1h | 20m 00s | $245K | $6K | 10x |
Phoenix SUI
Bulk SUI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Phoenix. 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
- −$60.83
- Price spread: +0.044% → −0.020%
- $6.43
- Slippage, 4 orders
- −$20.76
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$89.16
- Costs to cover
- 0.348%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 37 min ago; Bulk: live order book, 39 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 Phoenix live order book, 37 min ago | 0.95 bp | 12.3 bp −$12 | 50.6 bp −$506 | doesn't fit | doesn't fit |
| Sell Bulk live order book, 39 min ago | 1.43 bp | 5.2 bp −$5 | 7.0 bp −$70 | 13.7 bp −$1,369 | 36.2 bp −$18.1K |
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 | −0.3244% | 1h | 1.0342 | −0.589% | $43K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0375% | 1h | 1.0373 | −0.293% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0320% | 1h | 1.0396 | −0.073% | $6K | $19K | 7x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0388 | −0.147% | $130K | $227K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0388 | −0.147% | $507K | $5.0M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0381 | −0.214% | $202K | $573K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0380 | −0.221% | $116K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0383 | −0.196% | $828K | $5.6M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0383 | −0.199% | $301K | $2.2M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0378 | −0.243% | $42K | $517K | 50x | 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
Lighter SUI
Lighter RH SUI
Popdex SUIUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0390 | −0.127% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0374 | −0.277% | $582K | $2.1M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0383 | −0.197% | $913K | $4.6M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0390 | −0.125% | $225K | $260K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0376 | −0.262% | $150.8M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0380 | −0.224% | $102.1M | $311.0M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0378 | −0.243% | $40.9M | $389.4M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0390 | −0.128% | $44K | $373K | 10x | as long as short |
| Bulk SUI-USDshort | +0.0100% | 1h | 1.0408 | +0.044% | $245K | $6K | 10x | |
| Gate SUI_USDT | +0.0100% | 8h | 1.0373 | −0.291% | $167.8M | $84.0M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0375 | −0.272% | $153.1M | $297.5M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0381 | −0.214% | $49.7M | $53.9M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0374 | −0.282% | $67.8M | $172.6M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0372 | −0.301% | — | $82.6M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0372 | −0.301% | $661K | $1.3M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0389 | −0.142% | $2.5M | $3.4M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0389 | −0.137% | $170K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0393 | −0.098% | $448K | $7.6M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0448 | +0.430% | $232K | $487K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0384 | −0.186% | $124K | $756K | 10x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0378 | −0.243% | $48K | $174K | 20x | as long as short |
| Bluefin SUI-PERP | +0.0100% | 1h | 1.0366 | −0.359% | $593K | $405K | 25x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0363 | −0.387% | $2K | $1.7M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0381 | −0.214% | $14K | $2.1M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0375 | −0.272% | $573K | $19.6M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0379 | −0.234% | $11.9M | $26.8M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0378 | −0.246% | $1.4M | $4.1M | 50x | as long as short |
| 01 Exchange SUIUSD | +0.0104% | 1h | 1.0380 | −0.224% | $9K | $2K | 10x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0385 | −0.176% | $39K | $11K | 3x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0162% | 1h | 1.0382 | −0.206% | $6.9M | $27.0M | 50x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0216% | 1h | 1.0387 | −0.157% | $973K | $15.0M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0386 | −0.166% | $7.9M | $24.8M | 100x | as long as short |
| Hyperliquid SUI | +0.0356% | 1h | 1.0385 | −0.176% | $75.4M | $81.4M | 10x | as long as short |
| Phoenix SUIlong | +0.0390% | 1h | 1.0403 | long leg | $211K | $421K | 10x | |
| GMX SUI/USD [ETH-USDC] | L +0.0614% / S −0.0267% | 1h | 1.0379 | −0.231% | $960K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1510% | 1h | 1.0414 | +0.103% | $83K | $398K | 10x | as long as short |
Paradex SUI-USD-PERP
Nado SUI-PERP
Aster SUIUSDT
Pacifica SUI
Binance SUIUSDT
Bybit SUIUSDT
OKX SUI-USDT-SWAP
Arcus 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
Orderly PERP_SUI_USDC
Bluefin SUI-PERP
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Phemex SUIUSDT
Extended SUI-USD
01 Exchange SUIUSD
Aevo SUI-PERP
Kraken Futures PF_SUIUSD
Coinbase International SUI-PERP-INTX
BloFin SUI-USDT
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD