Funding you earn now, next payment 21:00 UTC−0.0190%/8h= −20.8% APRnext payment −$0.24 per $10,000 · paid last 24h −0.018%
Price spread now: Pacifica against Phoenix−0.332%47s7-day average −0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$420.418% of the position
Funding, last 7 days+0.016%+$2 on $10k
+Price spread, last 3 days (all we have)+0.073%+$7 · spread now −0.332%, 7d avg −0.078%
=Together, before fees+0.089%+ Points / potential airdropPacifica: Active · farm board+$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Pacifica is 0.255% cheaper against Phoenix than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.078%). Swap the legs. The two prices were read 47 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 7 days it paid 0.016% in total (about 0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.24 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 | 1.0205 | 0.0290 | pay 0.0036% / 1h | 6m 17s | $184K | $578K | 10x |
| Short | Pacifica SUI | 1.0171 | 0.0100 | get 0.0013% / 1h | 6m 17s | $219K | $261K | 10x |
Phoenix SUI
Pacifica SUIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- −$39.81
- Price spread: −0.332% → −0.078%
- −$25.46
- Slippage, 4 orders
- −$26.77
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$107.05
- Costs to cover
- 0.418%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 16 min ago; Pacifica: live order book, 17 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 | 50.5 bp −$505 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 17 min ago | 3.44 bp | 9.7 bp −$10 | doesn't fit | 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 | −0.2398% | 1h | 1.0093 | −1.097% | $41K | $123K | 12x | as long as short |
| Hibachi SUI/USDT-P | −0.0488% | 1h | 1.0170 | −0.339% | $6K | $18K | 7x | as long as short |
| Reya SUIRUSDPERP | −0.0367% | 1h | 1.0159 | −0.453% | $4K | $3K | 20x | as long as short |
| Bluefin SUI-PERP | −0.0116% | 1h | 1.0153 | −0.509% | $581K | $405K | 25x | as long as short |
| Kraken Futures PF_SUIUSD | −0.0022% | 1h | 1.0170 | −0.347% | $7.0M | $24.0M | 50x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0168 | −0.358% | $93K | $66K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0171 | −0.328% | $457K | $5.5M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0168 | −0.362% | $186K | $547K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0002% | 1h | 1.0165 | −0.394% | $118K | — | 150x | as long as short |
| 01 Exchange SUIUSD | +0.0088% | 1h | 1.0166 | −0.381% | $9K | $9K | 10x | as long as short |
Injective SUI/USDC PERP
Hibachi SUI/USDT-P
Reya SUIRUSDPERP
Bluefin SUI-PERP
Kraken Futures PF_SUIUSD
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
01 Exchange SUIUSDShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter SUI | +0.0096% | 1h | 1.0166 | −0.382% | $777K | $5.9M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0170 | −0.344% | $251K | $2.0M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0163 | −0.411% | $36K | $503K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0098% | 8h | 1.0164 | −0.401% | $44K | $376K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0167 | −0.375% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0167 | −0.371% | $594K | $1.3M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0167 | −0.371% | $996K | $4.5M | 75x | as long as short |
| Pacifica SUIshort | +0.0100% | 1h | 1.0171 | −0.332% | $219K | $261K | 10x | |
| Binance SUIUSDT | +0.0100% | 8h | 1.0165 | −0.391% | $150.6M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0165 | −0.391% | $101.8M | $306.9M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0163 | −0.411% | $40.7M | $380.8M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0170 | −0.342% | $147K | $297K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0178 | −0.259% | $239K | $2K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0162 | −0.420% | $163.7M | $81.2M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0163 | −0.411% | $147.3M | $299.3M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0161 | −0.430% | $51.9M | $51.5M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0161 | −0.430% | $66.8M | $168.9M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0163 | −0.411% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0166 | −0.381% | $646K | $1.2M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0181 | −0.231% | $2.2M | $2.8M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0181 | −0.234% | $164K | $4.4M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0177 | −0.273% | $441K | $7.1M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0183 | −0.215% | $231K | $444K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0168 | −0.362% | $106K | $785K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0181 | −0.234% | $2K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0165 | −0.391% | $6K | $2.4M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0163 | −0.411% | $618K | $18.8M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0167 | −0.371% | $11.4M | $24.5M | 50x | as long as short |
| Hyperliquid SUI | +0.0102% | 1h | 1.0170 | −0.342% | $72.4M | $81.4M | 10x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0163 | −0.413% | $1.4M | $3.7M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0167 | −0.375% | $48K | $37K | 3x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0216% | 1h | 1.0203 | −0.019% | $977K | $13.7M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0176 | −0.283% | $8.0M | $23.7M | 100x | as long as short |
| Phoenix SUIlong | +0.0290% | 1h | 1.0205 | long leg | $184K | $578K | 10x | |
| GMX SUI/USD [ETH-USDC] | L +0.0636% / S −0.0311% | 1h | 1.0162 | −0.425% | $891K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0658% | 1h | 1.0180 | −0.249% | $91K | $381K | 10x | as long as short |
Lighter SUI
Lighter RH SUI
Popdex SUIUSDT
Orderly PERP_SUI_USDC
Paradex SUI-USD-PERP
Nado SUI-PERP
Aster SUIUSDT
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-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
Hyperliquid SUI
Extended SUI-USD
Aevo SUI-PERP
Coinbase International SUI-PERP-INTX
BloFin SUI-USDT
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD