Funding you earn now, next payment 05:00 UTC−0.0316%/8h= −34.6% APRpaid last 24h −0.049%
Price spread now: Gate against Phoenix−0.158%7-day average −0.123% · you buy dearer than you sell
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$560.557% of the position
Funding, last 7 days−0.091%−$9 on $10k
+Price spread, last 4 days (all we have)−0.029%−$3 · spread now −0.158%, 7d avg −0.123%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Gate is 0.035% cheaper against Phoenix than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.123%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.091% in total (about -4.7% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SUI | 1.0059 | 0.0416 | pay 0.0052% / 1h | 31m 12s | $199K | $422K | 10x |
| Short | Gate SUI_USDT | 1.0043 | 0.0100 | get 0.0100% / 8h | 2h 31m | $165.3M | $84.3M | 50x |
Phoenix SUI
Gate SUI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$66.3
- Price spread: −0.158% → −0.123%
- −$3.54
- Slippage, 4 orders
- −$33.69
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$125.53
- Costs to cover
- 0.557%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 16 min ago; Gate: live order book, 3 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, 16 min ago | 0.98 bp | 12.3 bp −$12 | 50.8 bp −$508 | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 1.00 bp | 16.1 bp −$16 | 27.3 bp −$273 | 57.4 bp −$5,739 | 102.3 bp −$51.2K |
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 | 1.0052 | −0.069% | $41K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0378% | 1h | 1.0033 | −0.262% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0160% | 1h | 1.0045 | −0.136% | $5K | $19K | 7x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0037 | −0.214% | $126K | $227K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0040 | −0.192% | $368K | $5.1M | 2.5x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0032 | −0.271% | $113K | — | 150x | as long as short |
| Bluefin SUI-PERP | +0.0046% | 1h | 1.0017 | −0.417% | $575K | $406K | 25x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0039 | −0.194% | $769K | $5.5M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0040 | −0.188% | $296K | $2.2M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0031 | −0.277% | $30K | $537K | 50x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
dYdX SUI-USD
Kalshi KXSUIPERP
gTrade (Gains Network) SUI/USD
Bluefin SUI-PERP
Lighter SUI
Lighter RH SUI
Popdex SUIUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0035 | −0.238% | $47K | $204K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0041 | −0.180% | $26K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0031 | −0.272% | $567K | $2.1M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0034 | −0.250% | $874K | $4.3M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0034 | −0.244% | $217K | $254K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0043 | −0.156% | $143.3M | $1.05B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0039 | −0.198% | $98.8M | $316.6M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0044 | −0.148% | $40.4M | $382.8M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0040 | −0.188% | $42K | $330K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0068 | +0.090% | $237K | $2K | 10x | as long as short |
| Gate SUI_USDTshort | +0.0100% | 8h | 1.0043 | −0.158% | $165.3M | $84.3M | 50x | |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0045 | −0.138% | $148.9M | $292.8M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0031 | −0.277% | $49.3M | $53.9M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0042 | −0.168% | $66.2M | $177.4M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0043 | −0.158% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0041 | −0.178% | $617K | $1.4M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0171 | +1.114% | $2.4M | $3.4M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0057 | −0.022% | $162K | $4.6M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0061 | +0.021% | $432K | $7.5M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0056 | −0.029% | $221K | $436K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0038 | −0.208% | $133K | $727K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0049 | −0.098% | $2K | $1.7M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0033 | −0.257% | $13K | $1.9M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0038 | −0.208% | $608K | $19.4M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0039 | −0.198% | $11.5M | $27.6M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0029 | −0.294% | $1.4M | $4.2M | 50x | as long as short |
| 01 Exchange SUIUSD | +0.0104% | 1h | 1.0031 | −0.277% | $9K | $3K | 10x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0038 | −0.210% | $38K | $11K | 3x | as long as short |
| Deribit SUI_USDC-PERPETUAL | +0.0149% | 1h | 1.0034 | −0.248% | $195K | $562K | 25x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0175% | 1h | 1.0033 | −0.261% | $6.7M | $25.0M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0040 | −0.188% | $7.6M | $24.2M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0248% | 1h | 1.0031 | −0.277% | $963K | $14.9M | 50x | as long as short |
| Hyperliquid SUI | +0.0316% | 1h | 1.0053 | −0.059% | $73.3M | $81.8M | 10x | as long as short |
| Phoenix SUIlong | +0.0416% | 1h | 1.0059 | long leg | $199K | $422K | 10x | |
| GMX SUI/USD [ETH-USDC] | L +0.0597% / S −0.0263% | 1h | 1.0031 | −0.281% | $922K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1417% | 1h | 1.0116 | +0.568% | $82K | $408K | 10x | as long as short |
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
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
01 Exchange SUIUSD
Aevo SUI-PERP
Deribit SUI_USDC-PERPETUAL
Kraken Futures PF_SUIUSD
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD