Funding you earn now, next payment 07:00 UTC−0.0293%/8h= −32.1% APRnext payment −$0.37 per $10,000 · paid last 24h −0.054%
Price spread now: SoDEX against Phoenix−0.175%7-day average −0.092% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$420.423% of the position
Funding, last 3 days (all we have)−0.076%−$8 on $10k
+Price spread, last 4 days (all we have)+0.161%+$16 · spread now −0.175%, 7d avg −0.092%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and SoDEX is 0.083% cheaper against Phoenix than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.092%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.076% in total (about -8.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.37 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 | 1.0168 | 0.0393 | pay 0.0049% / 1h | 10m 41s | $202K | $400K | 10x |
| Short | SoDEX SUI-USD | 1.0150 | 0.0100 | get 0.0013% / 1h | 10m 41s | $5K | $1.7M | 10x |
Phoenix SUI
SoDEX SUI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- −$61.49
- Price spread: −0.175% → −0.092%
- −$8.27
- Slippage, 4 orders
- −$27.25
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$112.01
- Costs to cover
- 0.423%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 26 min ago; SoDEX: 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, 26 min ago | 0.99 bp | 12.4 bp −$12 | 50.7 bp −$507 | doesn't fit | doesn't fit |
| Sell SoDEX live order book, 3 min ago | 0.49 bp | 9.4 bp −$9 | 18.8 bp −$188 | 105.8 bp −$10.6K | 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 | −0.2780% | 1h | 1.0055 | −1.109% | $41K | $113K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0382% | 1h | 1.0143 | −0.246% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0280% | 1h | 1.0143 | −0.247% | $5K | $19K | 7x | as long as short |
| Bluefin SUI-PERP | −0.0109% | 1h | 1.0136 | −0.313% | $581K | $453K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0160 | −0.077% | $95K | $257K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0153 | −0.149% | $390K | $4.2M | 2.5x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0145 | −0.226% | $114K | — | 150x | as long as short |
| Deribit SUI_USDC-PERPETUAL | +0.0046% | 1h | 1.0150 | −0.175% | $195K | $554K | 25x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0163 | −0.049% | $753K | $5.1M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0164 | −0.040% | $297K | $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 | 1.0147 | −0.205% | $44K | $528K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0147 | −0.205% | $47K | $268K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0153 | −0.142% | $27K | $8K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0143 | −0.239% | $675K | $2.2M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0155 | −0.123% | $901K | $4.2M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0161 | −0.066% | $217K | $253K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0162 | −0.054% | $146.2M | $989.0M | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0165 | −0.027% | $97.8M | $309.1M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0167 | −0.008% | $40.8M | $368.0M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0170 | +0.022% | $43K | $324K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0147 | −0.201% | $232K | $7K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0146 | −0.214% | $168.0M | $82.5M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0168 | +0.002% | $113.6M | $290.9M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0171 | +0.031% | $51.1M | $51.9M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0165 | −0.028% | $67.1M | $167.6M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0148 | −0.195% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0151 | −0.165% | $668K | $1.3M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0144 | −0.232% | $2.4M | $3.4M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0146 | −0.218% | $163K | $4.3M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0147 | −0.207% | $442K | $7.1M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0157 | −0.106% | $205K | $370K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0156 | −0.116% | $122K | $533K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0162 | −0.057% | $3K | $1.6M | 30x | as long as short |
| SoDEX SUI-USDshort | +0.0100% | 1h | 1.0150 | −0.175% | $5K | $1.7M | 10x | |
| HTX SUI-USDT | +0.0100% | 8h | 1.0146 | −0.214% | $632K | $18.3M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0151 | −0.165% | $11.7M | $28.2M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0146 | −0.219% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0152 | −0.158% | $39K | $11K | 3x | as long as short |
| Hyperliquid SUI | +0.0118% | 1h | 1.0158 | −0.096% | $73.2M | $77.8M | 10x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0119% | 1h | 1.0152 | −0.159% | $6.8M | $21.6M | 50x | as long as short |
| 01 Exchange SUIUSD | +0.0144% | 1h | 1.0148 | −0.195% | $8K | $3K | 10x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0146 | −0.214% | $7.6M | $24.4M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0328% | 1h | 1.0153 | −0.146% | $1.0M | $14.3M | 50x | as long as short |
| Phoenix SUIlong | +0.0393% | 1h | 1.0168 | long leg | $202K | $400K | 10x | |
| GMX SUI/USD [ETH-USDC] | L +0.0601% / S −0.0263% | 1h | 1.0149 | −0.187% | $933K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1255% | 1h | 1.0152 | −0.152% | $82K | $409K | 10x | as long as short |
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-USDC
Backpack SUI_USDC_PERP
Variational Omni SUI
edgeX SUIUSDC
GRVT SUI_USDT_Perp
ApeX Omni SUIUSDT
Polymarket Perps SUI-USD
SunX SUI-USDT
HTX SUI-USDT
Phemex SUIUSDT
Extended SUI-USD
Aevo SUI-PERP
Hyperliquid SUI
Kraken Futures PF_SUIUSD
01 Exchange SUIUSD
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD