SUI

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0227%/8h= +24.8% APRnext payment +$0.28 per $10,000 · paid last 24h +0.026%

Price spread now: Phoenix against ApeX Omni+0.275%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$460.459% of the position

Long on ApeX Omni Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 3 days (all we have)−0.150%−$15 · spread now +0.275%, 7d avg +0.018%

Together, before fees−0.171%−$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Phoenix is 0.257% dearer against ApeX Omni than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of +0.018%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.021% in total (about -1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.28 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	ApeX Omni SUIUSDT	1.0329	0.0100	pay 0.0013% / 1h	18m 29s	$234K	$442K	50x
Short	Phoenix SUI	1.0357	0.0327	get 0.0041% / 1h	18m 29s	$206K	$593K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee PhoenixbpOrdersPrice spread, now +0.275%Rate

Funding earned: $47.64
Price spread: +0.275% → +0.018%: $25.65
Slippage, 4 orders: −$28.88
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $27.41
Costs to cover: 0.459%
Break-even: 3.0 days

Slippage from ApeX Omni: live order book, 59 min ago; Phoenix: live order book, 59 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 ApeX Omni live order book, 59 min ago	3.42 bp	10.0 bp −$10	34.1 bp −$341	doesn't fit	doesn't fit
Sell Phoenix live order book, 59 min ago	0.98 bp	12.4 bp −$12	43.0 bp −$430	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	−0.3474%	1h	1.0240	−0.862%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0370%	1h	1.0360	+0.301%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0336%	1h	1.0369	+0.391%	$6K	$19K	7x	as long as short
Bluefin SUI-PERP	−0.0058%	1h	1.0355	+0.252%	$593K	$406K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0360	+0.304%	$95K	$175K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0362	+0.316%	$464K	$5.3M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0370	+0.397%	$201K	$581K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0363	+0.329%	$119K	—	150x	as long as short
01 Exchange SUIUSD	+0.0088%	1h	1.0373	+0.426%	$9K	$9K	10x	as long as short
Lighter SUI	+0.0096%	1h	1.0362	+0.319%	$795K	$5.9M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SUI	+0.0096%	1h	1.0370	+0.393%	$261K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0367	+0.368%	$40K	$496K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0366	+0.358%	$46K	$328K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0368	+0.375%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0369	+0.382%	$601K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0371	+0.408%	$1.0M	$4.7M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0365	+0.352%	$225K	$260K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0363	+0.329%	$153.0M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0367	+0.368%	$104.0M	$307.3M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0361	+0.310%	$41.5M	$387.8M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0370	+0.397%	$46K	$387K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0364	+0.339%	$166.5M	$81.4M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0366	+0.358%	$150.6M	$291.5M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0366	+0.358%	$51.6M	$52.6M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0359	+0.290%	$68.1M	$168.0M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0363	+0.329%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0362	+0.319%	$665K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0353	+0.233%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0329	−0.003%	$168K	$4.4M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0342	+0.126%	$447K	$7.0M	10x	as long as short
ApeX Omni SUIUSDTlong	+0.0100%	1h	1.0329	long leg	$234K	$442K	50x
Polymarket Perps SUI-USD	+0.0100%	1h	1.0376	+0.455%	$109K	$775K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0381	+0.503%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0367	+0.368%	$7K	$2.3M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0366	+0.358%	$645K	$18.5M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0361	+0.310%	$11.6M	$24.9M	50x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0359	+0.290%	$244K	$2K	10x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0367	+0.363%	$1.4M	$3.8M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0372	+0.419%	$49K	$37K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0369	+0.387%	$8.0M	$24.2M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0224%	1h	1.0351	+0.213%	$991K	$14.0M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0272%	1h	1.0372	+0.414%	$7.2M	$24.1M	50x	as long as short
Phoenix SUIshort	+0.0327%	1h	1.0357	+0.275%	$206K	$593K	10x
GMX SUI/USD [ETH-USDC]	L +0.0641% / S −0.0307%	1h	1.0362	+0.318%	$902K	—	100x	as long as short
Hyperliquid SUI	+0.0657%	1h	1.0378	+0.474%	$75.1M	$80.9M	10x	as long as short
Aftermath Perps SUIUSD	+0.0817%	1h	1.0360	+0.299%	$93K	$382K	10x	as long as short