Funding you earn now, next payment 00:00 UTC−0.0199%/8h= −21.8% APRpaid last 24h −0.037%
Price spread now: MEXC against Phoenix−0.283%7-day average −0.097% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$300.297% of the position
Funding, last 7 days−0.036%−$4 on $10k
+Price spread, last 3 days (all we have)+0.154%+$15 · spread now −0.283%, 7d avg −0.097%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and MEXC 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 −0.097%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.036% in total (about -1.9% 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 | 1.0600 | 0.0299 | pay 0.0037% / 1h | 1m 30s | $210K | $590K | 10x |
| Short | MEXC SUI_USDT | 1.0570 | 0.0100 | get 0.0100% / 8h | 7h 01m | $153.3M | $304.4M | 300x |
Phoenix SUI
MEXC SUI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$41.76
- Price spread: −0.283% → −0.097%
- −$18.6
- Slippage, 4 orders
- −$22.73
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$90.09
- Costs to cover
- 0.297%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 6 min ago; MEXC: 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, 6 min ago | 1.02 bp | 12.3 bp −$12 | 50.6 bp −$506 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 1.41 bp | 2.4 bp −$2 | 5.4 bp −$54 | 20.8 bp −$2,080 | 96.3 bp −$48.2K |
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 | −0.3416% | 1h | 1.0537 | −0.594% | $43K | $123K | 12x | as long as short |
| Hibachi SUI/USDT-P | −0.0504% | 1h | 1.0605 | +0.052% | $6K | $18K | 7x | as long as short |
| Bluefin SUI-PERP | −0.0454% | 1h | 1.0579 | −0.198% | $607K | $416K | 25x | as long as short |
| Reya SUIRUSDPERP | −0.0371% | 1h | 1.0572 | −0.261% | $4K | $3K | 20x | as long as short |
| Phemex SUIUSDT | −0.0012% | 8h | 1.0587 | −0.123% | $11.8M | $25.3M | 50x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0576 | −0.226% | $96K | $171K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0642 | +0.394% | $582K | $4.9M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0596 | −0.038% | $206K | $580K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0561 | −0.363% | $113K | — | 150x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0038% | 1h | 1.0589 | −0.102% | $7.2M | $24.3M | 50x | as long as short |
Injective SUI/USDC PERP
Hibachi SUI/USDT-P
Bluefin SUI-PERP
Reya SUIRUSDPERP
Phemex SUIUSDT
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Kraken Futures PF_SUIUSDShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUIUSD | +0.0040% | 1h | 1.0580 | −0.189% | $9K | $9K | 10x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0576 | −0.228% | $824K | $5.9M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0588 | −0.111% | $284K | $2.1M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0577 | −0.217% | $34K | $478K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0099% | 8h | 1.0562 | −0.358% | $48K | $309K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0625 | +0.238% | $28K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0571 | −0.274% | $697K | $1.5M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0557 | −0.402% | $1.0M | $4.8M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0580 | −0.191% | $231K | $259K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0561 | −0.371% | $154.7M | $1.04B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0560 | −0.377% | $104.7M | $309.4M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0558 | −0.396% | $41.8M | $395.8M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0580 | −0.189% | $47K | $368K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0760 | +1.513% | $253K | $3K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0572 | −0.264% | $172.4M | $84.6M | 50x | as long as short |
| MEXC SUI_USDTshort | +0.0100% | 8h | 1.0570 | −0.283% | $153.3M | $304.4M | 300x | |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0576 | −0.226% | $51.4M | $53.3M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0569 | −0.292% | $69.0M | $169.9M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0558 | −0.396% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0572 | −0.264% | $661K | $1.1M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0709 | +1.024% | $2.4M | $3.2M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0642 | +0.396% | $173K | $4.7M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0702 | +0.959% | $464K | $7.5M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0625 | +0.236% | $236K | $491K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0583 | −0.160% | $123K | $744K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0604 | +0.038% | $2K | $1.8M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0584 | −0.151% | $6K | $2.2M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0601 | +0.009% | $664K | $19.3M | 75x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0562 | −0.354% | $1.5M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0598 | −0.020% | $40K | $16K | 3x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0200% | 1h | 1.0589 | −0.104% | $1.0M | $14.8M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0632 | +0.302% | $8.2M | $25.8M | 100x | as long as short |
| Phoenix SUIlong | +0.0299% | 1h | 1.0600 | long leg | $210K | $590K | 10x | |
| Hyperliquid SUI | +0.0420% | 1h | 1.0584 | −0.151% | $76.6M | $80.0M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0622% / S −0.0315% | 1h | 1.0560 | −0.375% | $904K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0887% | 1h | 1.0678 | +0.738% | $79K | $379K | 10x | as long as short |
01 Exchange SUIUSD
Lighter SUI
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
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
Extended SUI-USD
Aevo SUI-PERP
Coinbase International SUI-PERP-INTX
BloFin SUI-USDT
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD