Funding you earn now, next payment 04:00 UTC−0.0696%/8h= −76.2% APRnext payment −$0.87 per $10,000 · paid last 24h −0.227%
Price spread now: Hibachi against Phoenix−0.398%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Hibachi is 0.398% cheaper against Phoenix than usual: you would sell low and buy high (−$40 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SUI | 1.0379 | 0.0408 | pay 0.0051% / 1h | 44m 40s | $210K | $415K | 10x |
| Short | Hibachi SUI/USDT-P | 1.0338 | −0.0288 | pay 0.0036% / 1h | 44m 40s | $6K | $19K | 7x |
Phoenix SUI
Hibachi SUI/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi 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
- −$146.19
- Price spread: −0.398% → 0.000%
- −$39.79
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$201.98
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 7 min ago; Hibachi: 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, 7 min ago | 0.96 bp | 12.3 bp −$12 | 50.7 bp −$507 | doesn't fit | doesn't fit |
| Sell Hibachi no order-book sample | — | — | — | — | — |
Hibachi: 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 | −0.3470% | 1h | 1.0250 | −1.245% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0376% | 1h | 1.0332 | −0.451% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-Pshort | −0.0288% | 1h | 1.0338 | −0.398% | $6K | $19K | 7x | |
| Kraken Futures PF_SUIUSD | −0.0067% | 1h | 1.0351 | −0.269% | $6.8M | $26.8M | 50x | as long as short |
| Bluefin SUI-PERP | −0.0006% | 1h | 1.0336 | −0.416% | $592K | $406K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0336 | −0.417% | $130K | $227K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0341 | −0.369% | $483K | $5.0M | 2.5x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0340 | −0.375% | $116K | — | 150x | as long as short |
| Deribit SUI_USDC-PERPETUAL | +0.0040% | 1h | 1.0351 | −0.272% | $201K | $572K | 25x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0340 | −0.380% | $797K | $5.4M | 10x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Kraken Futures PF_SUIUSD
Bluefin SUI-PERP
dYdX SUI-USD
Kalshi KXSUIPERP
gTrade (Gains Network) SUI/USD
Deribit SUI_USDC-PERPETUAL
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 | 1.0341 | −0.367% | $299K | $2.2M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0343 | −0.349% | $43K | $514K | 50x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0343 | −0.348% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0328 | −0.493% | $584K | $2.0M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0340 | −0.375% | $904K | $4.5M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0337 | −0.403% | $224K | $259K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0338 | −0.397% | $149.6M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0341 | −0.368% | $101.7M | $309.4M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0344 | −0.339% | $40.5M | $388.2M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0350 | −0.281% | $44K | $330K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0369 | −0.098% | $244K | $5K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0341 | −0.368% | $170.2M | $81.2M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0341 | −0.368% | $152.3M | $292.7M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0337 | −0.407% | $49.9M | $54.1M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0340 | −0.378% | $67.4M | $172.5M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0346 | −0.320% | — | $82.1M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0344 | −0.339% | $653K | $1.4M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0337 | −0.410% | $2.5M | $3.4M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0326 | −0.510% | $169K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0308 | −0.684% | $448K | $7.6M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0330 | −0.474% | $226K | $430K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0342 | −0.358% | $123K | $745K | 10x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0343 | −0.349% | $48K | $138K | 20x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0322 | −0.551% | $3K | $1.7M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0350 | −0.281% | $14K | $2.1M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0344 | −0.339% | $575K | $19.6M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0342 | −0.358% | $11.9M | $26.9M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0342 | −0.357% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0355 | −0.230% | $39K | $11K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0144% | 1h | 1.0350 | −0.281% | $9K | $3K | 10x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0349 | −0.291% | $7.8M | $24.8M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0248% | 1h | 1.0339 | −0.387% | $978K | $15.1M | 50x | as long as short |
| Phoenix SUIlong | +0.0408% | 1h | 1.0379 | long leg | $210K | $415K | 10x | |
| Hyperliquid SUI | +0.0453% | 1h | 1.0347 | −0.310% | $74.8M | $81.5M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0611% / S −0.0267% | 1h | 1.0339 | −0.392% | $955K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1506% | 1h | 1.0353 | −0.257% | $83K | $402K | 10x | as long as short |
Lighter RH SUI
Popdex SUIUSDT
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
Orderly PERP_SUI_USDC
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
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD