Funding you earn now, next payment 05:00 UTC−0.0156%/8h= −17.0% APRnext payment −$0.19 per $10,000 · paid last 24h −0.004%
Price spread now: GMX against Phoenix−0.265%55s7-day average −0.079% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.038%+$4 on $10k
+Price spread, last 4 days (all we have)+0.329%+$33 · spread now −0.265%, 7d avg −0.079%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and GMX is 0.186% cheaper against Phoenix than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.079%). Swap the legs. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SUI | 1.0246 | 0.0416 | pay 0.0052% / 1h | 49m 28s | $203K | $422K | 10x |
| Short | GMX SUI/USD [ETH-USDC] | 1.0219 | L +0.0599% / S −0.0260% | get 0.0033% / 1h | 49m 28s | $935K | — | 100x |
Phoenix SUI
GMX SUI/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- −$32.67
- Price spread: −0.265% → −0.079%
- −$18.63
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$70.3
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 63 min ago; GMX: no order-book sample. Net counts fees only.
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, 63 min ago | 0.96 bp | 12.3 bp −$12 | 50.7 bp −$507 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 1.0051 | −1.906% | $41K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0378% | 1h | 1.0226 | −0.199% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0136% | 1h | 1.0220 | −0.260% | $6K | $19K | 7x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0222 | −0.236% | $128K | $227K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0245 | −0.018% | $482K | $5.0M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0216 | −0.296% | $198K | $571K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0219 | −0.263% | $115K | — | 150x | as long as short |
| Bluefin SUI-PERP | +0.0068% | 1h | 1.0205 | −0.403% | $585K | $408K | 25x | as long as short |
| 01 Exchange SUIUSD | +0.0088% | 1h | 1.0224 | −0.218% | $9K | $3K | 10x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0227 | −0.185% | $775K | $5.4M | 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
01 Exchange SUIUSD
Lighter SUIShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH SUI | +0.0096% | 1h | 1.0232 | −0.135% | $304K | $2.2M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0225 | −0.208% | $46K | $520K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0216 | −0.296% | $47K | $189K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0228 | −0.176% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0228 | −0.174% | $578K | $2.1M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0228 | −0.183% | $876K | $4.3M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0225 | −0.207% | $221K | $254K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0227 | −0.188% | $145.9M | $1.04B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0225 | −0.208% | $100.8M | $310.0M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0225 | −0.208% | $40.4M | $385.7M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0230 | −0.159% | $43K | $330K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0226 | −0.199% | $240K | $2K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0225 | −0.208% | $167.8M | $82.7M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0227 | −0.188% | $151.9M | $290.5M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0227 | −0.188% | $50.2M | $53.9M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0221 | −0.247% | $66.6M | $175.5M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0227 | −0.188% | — | $82.4M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0219 | −0.266% | $630K | $1.3M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0233 | −0.133% | $2.4M | $3.4M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0221 | −0.247% | $164K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0241 | −0.054% | $442K | $7.5M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0230 | −0.159% | $223K | $434K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0234 | −0.120% | $137K | $733K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0238 | −0.081% | $2K | $1.7M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0220 | −0.257% | $14K | $2.0M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0230 | −0.159% | $596K | $19.5M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0219 | −0.266% | $11.7M | $27.4M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0222 | −0.235% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0224 | −0.222% | $39K | $11K | 3x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0172% | 1h | 1.0221 | −0.245% | $6.7M | $24.7M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0238 | −0.081% | $7.6M | $24.6M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0248% | 1h | 1.0247 | +0.007% | $974K | $15.0M | 50x | as long as short |
| Hyperliquid SUI | +0.0346% | 1h | 1.0232 | −0.137% | $73.4M | $80.6M | 10x | as long as short |
| Phoenix SUIlong | +0.0416% | 1h | 1.0246 | long leg | $203K | $422K | 10x | |
| GMX SUI/USD [ETH-USDC]short | L +0.0599% / S −0.0260% | 1h | 1.0219 | −0.265% | $935K | — | 100x | |
| Aftermath Perps SUIUSD | +0.1386% | 1h | 1.0229 | −0.168% | $82K | $408K | 10x | as long as short |
Lighter RH SUI
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-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
Aevo SUI-PERP
Kraken Futures PF_SUIUSD
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Hyperliquid SUI
Aftermath Perps SUIUSD