Funding you earn now, next payment 06:00 UTC−0.0428%/8h= −46.9% APRnext payment −$0.54 per $10,000 · paid last 24h −0.078%
Price spread now: gTrade (Gains Network) against Phoenix−0.262%7-day average −0.098% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$319as in the Price arb table
costs, in and out, $10k−$3033.026% of the position
Funding, last 3 days (all we have)−0.170%−$17 on $10k
+Price spread, last 4 days (all we have)+0.265%+$26 · spread now −0.262%, 7d avg −0.098%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and gTrade (Gains Network) is 0.165% cheaper against Phoenix than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.098%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SUI | 1.0221 | 0.0431 | pay 0.0054% / 1h | 15m 57s | $202K | $413K | 10x |
| Short | gTrade (Gains Network) SUI/USD | 1.0194 | L +0.0003% / S −0.0003% | get 0.0000% / 1h | 15m 57s | $115K | — | 150x |
Phoenix SUI
gTrade (Gains Network) SUI/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$89.88
- Price spread: −0.262% → −0.098%
- −$16.46
- Slippage, 4 orders
- −$285.59
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$408.94
- Costs to cover
- 3.026%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 26 min ago; gTrade (Gains Network): virtual book (oracle venue), 28 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, 26 min ago | 0.99 bp | 12.4 bp −$12 | 50.7 bp −$507 | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 28 min ago | 130.04 bp | 135.0 bp −$135 | 814.5 bp −$8,145 | 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 | −0.3536% | 1h | 1.0080 | −1.381% | $41K | $113K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0380% | 1h | 1.0195 | −0.256% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0256% | 1h | 1.0192 | −0.281% | $5K | $20K | 7x | as long as short |
| Bluefin SUI-PERP | −0.0098% | 1h | 1.0175 | −0.452% | $583K | $423K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0190 | −0.306% | $96K | $257K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0185 | −0.358% | $376K | $4.4M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0190 | −0.305% | $196K | $559K | 25x | as long as short |
| gTrade (Gains Network) SUI/USDshort | L +0.0003% / S −0.0003% | 1h | 1.0194 | −0.262% | $115K | — | 150x | |
| Lighter SUI | +0.0096% | 1h | 1.0193 | −0.278% | $783K | $5.3M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0195 | −0.256% | $299K | $2.2M | 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
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 | 1.0191 | −0.295% | $39K | $522K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0189 | −0.315% | $47K | $219K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0190 | −0.305% | $27K | $8K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0186 | −0.344% | $691K | $2.2M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0190 | −0.307% | $900K | $4.3M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0193 | −0.276% | $218K | $258K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0188 | −0.325% | $146.4M | $1.01B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0181 | −0.391% | $98.7M | $314.5M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0183 | −0.374% | $41.1M | $375.4M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0200 | −0.207% | $43K | $328K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0191 | −0.300% | $240K | $1K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0183 | −0.374% | $167.8M | $83.6M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0185 | −0.354% | $153.6M | $292.8M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0185 | −0.354% | $50.1M | $52.6M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0178 | −0.423% | $67.2M | $171.6M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0184 | −0.364% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0187 | −0.335% | $673K | $1.3M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0182 | −0.386% | $2.4M | $3.5M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0211 | −0.100% | $164K | $4.6M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0204 | −0.164% | $441K | $7.1M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0191 | −0.295% | $224K | $379K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0195 | −0.256% | $127K | $603K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0206 | −0.149% | $3K | $1.6M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0191 | −0.295% | $5K | $1.8M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0188 | −0.325% | $648K | $18.5M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0192 | −0.286% | $11.8M | $28.3M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0178 | −0.427% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0190 | −0.307% | $39K | $11K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0200% | 1h | 1.0202 | −0.188% | $9K | $2K | 10x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0198 | −0.227% | $7.5M | $24.6M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0280% | 1h | 1.0212 | −0.090% | $1.0M | $14.7M | 50x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0364% | 1h | 1.0192 | −0.290% | $6.8M | $22.2M | 50x | as long as short |
| Phoenix SUIlong | +0.0431% | 1h | 1.0221 | long leg | $202K | $413K | 10x | |
| Hyperliquid SUI | +0.0441% | 1h | 1.0201 | −0.196% | $73.5M | $81.4M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0601% / S −0.0263% | 1h | 1.0190 | −0.310% | $937K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1367% | 1h | 1.0200 | −0.203% | $82K | $410K | 10x | as long as short |
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
MEXC 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
Phemex SUIUSDT
Extended SUI-USD
Aevo SUI-PERP
01 Exchange SUIUSD
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Kraken Futures PF_SUIUSD
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD