Funding you earn now, next payment 05:00 UTC−0.0316%/8h= −34.6% APRnext payment −$0.39 per $10,000 · paid last 24h −0.045%
Price spread now: Nado against Phoenix+0.062%57s7-day average −0.104% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$390.392% of the position
Funding, last 3 days (all we have)−0.066%−$7 on $10k
+Price spread, last 4 days (all we have)−0.058%−$6 · spread now +0.062%, 7d avg −0.104%
=Together, before fees−0.124%+ Points / potential airdropNado: Active · farm board−$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Nado is 0.166% dearer against Phoenix than usual: you sell high and buy low (spread +0.062% now, against its 7-day average of −0.104%): +$17 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 42 hours. At the pace of the last 3 days (−0.066% in total) that is about 8.6 days. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.066% in total (about -7.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.39 per $10,000. 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 | 1.0224 | 0.0416 | pay 0.0052% / 1h | 5m 55s | $202K | $422K | 10x |
| Short | Nado SUI-PERP | 1.0230 | 0.0100 | get 0.0012% / 1h | 5m 55s | $544K | $2.1M | 10x |
Phoenix SUI
Nado SUI-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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: +0.062% → −0.104%
- $16.61
- Slippage, 4 orders
- −$25.24
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$88.93
- Costs to cover
- 0.392%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 41 min ago; Nado: 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, 41 min ago | 0.98 bp | 12.3 bp −$12 | 50.8 bp −$508 | doesn't fit | doesn't fit |
| Sell Nado live order book, 3 min ago | 0.98 bp | 6.9 bp −$7 | 21.1 bp −$211 | 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 | −0.3309% | 1h | 1.0018 | −2.012% | $41K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0379% | 1h | 1.0226 | +0.022% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0184% | 1h | 1.0210 | −0.131% | $5K | $19K | 7x | as long as short |
| Bluefin SUI-PERP | −0.0002% | 1h | 1.0217 | −0.066% | $586K | $431K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0212 | −0.113% | $96K | $294K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0227 | +0.031% | $380K | $5.1M | 2.5x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0229 | +0.056% | $115K | — | 150x | as long as short |
| Deribit SUI_USDC-PERPETUAL | +0.0043% | 1h | 1.0232 | +0.081% | $197K | $564K | 25x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0229 | +0.056% | $795K | $5.5M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0233 | +0.091% | $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
gTrade (Gains Network) SUI/USD
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 | 1.0233 | +0.091% | $33K | $548K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0230 | +0.062% | $47K | $216K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0216 | −0.077% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERPshort | +0.0100% | 1h | 1.0230 | +0.062% | $544K | $2.1M | 10x | |
| Aster SUIUSDT | +0.0100% | 8h | 1.0224 | +0.007% | $904K | $4.3M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0216 | −0.077% | $221K | $257K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0224 | +0.007% | $147.0M | $1.05B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0224 | +0.002% | $100.3M | $321.1M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0226 | +0.022% | $41.1M | $392.7M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0230 | +0.062% | $43K | $329K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0179 | −0.437% | $239K | $2K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0224 | +0.003% | $168.8M | $86.0M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0225 | +0.013% | $152.2M | $295.3M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0227 | +0.032% | $49.8M | $53.6M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0221 | −0.026% | $67.4M | $178.1M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0226 | +0.022% | — | $84.8M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0227 | +0.032% | $669K | $1.4M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0180 | −0.430% | $2.4M | $3.5M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0183 | −0.401% | $165K | $4.6M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0190 | −0.328% | $443K | $7.6M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0191 | −0.320% | $224K | $437K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0236 | +0.120% | $134K | $648K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0239 | +0.150% | $2K | $1.7M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0230 | +0.062% | $6K | $1.9M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0227 | +0.032% | $624K | $19.4M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0226 | +0.022% | $11.7M | $28.0M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0222 | −0.020% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0230 | +0.060% | $39K | $11K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0144% | 1h | 1.0235 | +0.111% | $9K | $3K | 10x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0171% | 1h | 1.0232 | +0.082% | $6.8M | $25.0M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0217 | −0.066% | $7.5M | $24.9M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0248% | 1h | 1.0220 | −0.036% | $1.0M | $15.1M | 50x | as long as short |
| Hyperliquid SUI | +0.0389% | 1h | 1.0239 | +0.146% | $73.7M | $82.7M | 10x | as long as short |
| Phoenix SUIlong | +0.0416% | 1h | 1.0224 | long leg | $202K | $422K | 10x | |
| GMX SUI/USD [ETH-USDC] | L +0.0602% / S −0.0263% | 1h | 1.0228 | +0.043% | $940K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1407% | 1h | 1.0193 | −0.299% | $82K | $408K | 10x | as long as short |
Popdex SUIUSDT
Orderly PERP_SUI_USDC
Paradex SUI-USD-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
01 Exchange SUIUSD
Kraken Futures PF_SUIUSD
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD