Settings8H · net · $10k
Funding arb · Price arb /

SUI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0293%/8h= −32.1% APRpaid last 24h −0.053%
Price spread now: edgeX against Phoenix+0.055%7-day average −0.104% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$380.376% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.013%−$1 on $10k
Price spread, last 4 days (all we have)−0.426%−$43 · spread now +0.055%, 7d avg −0.104%
Together, before fees−0.439%+ Points / potential airdropedgeX: Active · farm board−$44 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.159% dearer against Phoenix than usual: you sell high and buy low (spread +0.055% now, against its 7-day average of −0.104%): +$16 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 43 hours. At the pace of the last 7 days (−0.013% in total) that is about 3 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.013% in total (about -0.7% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix SUI1.01450.0393pay 0.0049% / 1h37m 06s$201K$400K10x
ShortedgeX SUIUSDC1.01510.0100get 0.0050% / 4h37m 06s$163K$4.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Phoenix. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$61.49
Price spread: +0.055% → −0.104%
$15.91
Slippage, 4 orders
−$21.65
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$83.22
Costs to cover
0.376%
Break-even
never at this rate
Slippage from Phoenix: live order book, 65 min ago; edgeX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix live order book, 65 min ago0.99 bp12.4 bp −$1250.7 bp −$507doesn't fitdoesn't fit
Sell edgeX live order book, 2 min ago1.97 bp6.5 bp −$610.0 bp −$100doesn't fitdoesn't fit

SUI on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SUI/USDC PERP−0.2780%1h1.0059−0.848%$41K$113K12xas long as short
Reya SUIRUSDPERP−0.0381%1h1.0117−0.272%$4K$3K20xas long as short
Hibachi SUI/USDT-P−0.0328%1h1.0137−0.078%$5K$20K7xas long as short
Bluefin SUI-PERP−0.0238%1h1.0099−0.453%$579K$430K25xas long as short
dYdX SUI-USD0.0000%1h1.0122−0.226%$95K$257K10xas long as short
Kalshi KXSUIPERP0.0000%8h1.0126−0.183%$389K$4.3M2.5xas long as short
Deribit SUI_USDC-PERPETUAL0.0000%1h1.0115−0.296%$194K$558K25xas long as short
gTrade (Gains Network) SUI/USDL +0.0003% / S −0.0003%1h1.0114−0.303%$114K150xas long as short
Lighter SUI+0.0096%1h1.0116−0.286%$758K$5.1M10xas long as short
Lighter RH SUI+0.0096%1h1.0118−0.261%$295K$2.2M10xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex SUIUSDT+0.0096%1h1.0119−0.256%$39K$525K50xas long as short
Orderly PERP_SUI_USDC+0.0100%8h1.0115−0.296%$46K$245K20xas long as short
Paradex SUI-USD-PERP+0.0100%8h1.0128−0.172%$26K$8K30xas long as short
Nado SUI-PERP+0.0100%1h1.0117−0.276%$677K$2.2M10xas long as short
Hyperliquid SUI+0.0100%1h1.0123−0.219%$72.9M$78.1M10xas long as short
Aster SUIUSDT+0.0100%8h1.0127−0.179%$894K$4.2M75xas long as short
Pacifica SUI+0.0100%1h1.0128−0.165%$215K$255K10xas long as short
Binance SUIUSDT+0.0100%8h1.0127−0.179%$146.1M$996.4M75xas long as short
Bybit SUIUSDT+0.0100%8h1.0123−0.217%$98.0M$311.5M50xas long as short
OKX SUI-USDT-SWAP+0.0100%8h1.0128−0.168%$40.8M$367.8M50xas long as short
Arcus SUI-USD+0.0100%1h1.0130−0.148%$43K$326K10xas long as short
Bulk SUI-USD+0.0100%1h1.0138−0.067%$238K$45410xas long as short
Gate SUI_USDT+0.0100%8h1.0123−0.217%$166.2M$81.8M50xas long as short
MEXC SUI_USDT+0.0100%8h1.0111−0.335%$153.3M$283.2M300xas long as short
KuCoin SUIUSDTM+0.0100%8h1.0113−0.315%$49.8M$52.1M75xas long as short
Bitget SUIUSDT+0.0100%8h1.0123−0.217%$66.9M$169.0M75xas long as short
BingX SUI-USDC+0.0100%8h1.0127−0.177%$6.5Mas long as short
Backpack SUI_USDC_PERP+0.0100%1h1.0123−0.217%$671K$1.4M20xas long as short
Variational Omni SUI+0.0100%8h1.0180+0.340%$2.4M$3.4Mas long as short
edgeX SUIUSDCshort+0.0100%4h1.0151+0.055%$163K$4.3M20x
GRVT SUI_USDT_Perp+0.0100%8h1.0149+0.039%$442K$7.1M10xas long as short
ApeX Omni SUIUSDT+0.0100%1h1.0187+0.414%$223K$365K50xas long as short
Polymarket Perps SUI-USD+0.0100%1h1.0128−0.168%$122K$540K10xas long as short
SunX SUI-USDT+0.0100%8h1.0137−0.079%$3K$1.6M30xas long as short
SoDEX SUI-USD+0.0100%1h1.0115−0.296%$6K$1.7M10xas long as short
HTX SUI-USDT+0.0100%8h1.0113−0.315%$631K$18.4M75xas long as short
Phemex SUIUSDT+0.0100%8h1.0122−0.227%$11.7M$28.2M50xas long as short
Extended SUI-USD+0.0104%1h1.0109−0.352%$1.4M$4.1M50xas long as short
Aevo SUI-PERP+0.0104%1h1.0118−0.263%$38K$11K3xas long as short
Kraken Futures PF_SUIUSD+0.0119%1h1.0113−0.312%$6.8M$21.8M50xas long as short
01 Exchange SUIUSD+0.0144%1h1.0116−0.286%$8K$3K10xas long as short
BloFin SUI-USDT+0.0220%8h1.0116−0.286%$7.5M$24.3M100xas long as short
Coinbase International SUI-PERP-INTX+0.0328%1h1.0128−0.168%$1.0M$14.3M50xas long as short
Phoenix SUIlong+0.0393%1h1.0145long leg$201K$400K10x
GMX SUI/USD [ETH-USDC]L +0.0600% / S −0.0263%1h1.0115−0.297%$930K100xas long as short
Aftermath Perps SUIUSD+0.1300%1h1.0164+0.185%$82K$409K10xas long as short