Funding you earn now, next payment 07:00 UTC+0.0293%/8h= +32.1% APRnext payment +$0.37 per $10,000 · paid last 24h +0.053%
Price spread now: Phoenix against Arcus−0.140%7-day average +0.106% · 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−$67as in the Price arb table
costs, in and out, $10k−$430.426% of the position
Funding, last 4 days (all we have)+0.078%+$8 on $10k
+Price spread, last 4 days (all we have)+1.186%+$119 · spread now −0.140%, 7d avg +0.106%
=Funding pays, the price is against you. Phoenix is 0.246% cheaper against Arcus than usual: you would sell low and buy high (spread −0.140% now, against its 7-day average of +0.106%). If the spread goes back, that is −$25 on $10k: about 2.8 days of funding at the current rate (+$9 a day). At the pace of the last 4 days (+0.078% in total) that is about 12 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.078% in total (about 7.6% 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 | Arcus SUI-USD | 1.0140 | 0.0100 | pay 0.0013% / 1h | 19m 15s | $43K | $325K | 10x |
| Short | Phoenix SUI | 1.0126 | 0.0393 | get 0.0049% / 1h | 19m 15s | $201K | $400K | 10x |
Arcus SUI-USD
Phoenix SUIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Arcus. 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: −0.140% → +0.106%
- −$24.58
- Slippage, 4 orders
- −$31.09
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$5.68
- Costs to cover
- 0.426%
- Break-even
- 7.6 days
Slippage from Arcus: live order book, 19 min ago; Phoenix: live order book, 18 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 Arcus live order book, 19 min ago | 4.93 bp | 8.7 bp −$9 | 21.7 bp −$217 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 18 min ago | 0.99 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 | −0.2780% | 1h | 0.9983 | −1.548% | $41K | $113K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0381% | 1h | 1.0144 | +0.040% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0304% | 1h | 1.0110 | −0.301% | $5K | $19K | 7x | as long as short |
| Bluefin SUI-PERP | −0.0162% | 1h | 1.0139 | −0.010% | $581K | $442K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0136 | −0.038% | $95K | $257K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0142 | +0.024% | $387K | $4.3M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0153 | +0.128% | $195K | $555K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0149 | +0.084% | $114K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0153 | +0.127% | $755K | $5.1M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0153 | +0.133% | $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
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
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 | 1.0146 | +0.059% | $42K | $527K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0149 | +0.089% | $47K | $251K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0138 | −0.017% | $27K | $8K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0137 | −0.025% | $675K | $2.2M | 10x | as long as short |
| Hyperliquid SUI | +0.0100% | 1h | 1.0156 | +0.158% | $73.2M | $77.7M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0150 | +0.099% | $901K | $4.2M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0139 | −0.007% | $216K | $253K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0152 | +0.118% | $146.1M | $991.9M | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0147 | +0.069% | $97.7M | $310.6M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0150 | +0.099% | $40.9M | $368.2M | 50x | as long as short |
| Arcus SUI-USDlong | +0.0100% | 1h | 1.0140 | long leg | $43K | $325K | 10x | |
| Bulk SUI-USD | +0.0100% | 1h | 1.0147 | +0.073% | $232K | $7K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0148 | +0.079% | $167.8M | $82.3M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0149 | +0.089% | $128.1M | $288.5M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0147 | +0.069% | $50.0M | $52.0M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0147 | +0.069% | $67.0M | $168.8M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0149 | +0.089% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0129 | −0.108% | $672K | $1.3M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0108 | −0.318% | $2.4M | $3.4M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0104 | −0.353% | $162K | $4.3M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0114 | −0.259% | $442K | $7.1M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0114 | −0.256% | $204K | $370K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0153 | +0.128% | $122K | $535K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0163 | +0.227% | $3K | $1.6M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0151 | +0.108% | $6K | $1.7M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0148 | +0.079% | $638K | $18.4M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0142 | +0.020% | $11.7M | $28.2M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0146 | +0.063% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0145 | +0.050% | $39K | $11K | 3x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0119% | 1h | 1.0152 | +0.122% | $6.8M | $21.6M | 50x | as long as short |
| 01 Exchange SUIUSD | +0.0136% | 1h | 1.0150 | +0.099% | $8K | $3K | 10x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0152 | +0.118% | $7.6M | $24.4M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0328% | 1h | 1.0146 | +0.059% | $1.0M | $14.3M | 50x | as long as short |
| Phoenix SUIshort | +0.0393% | 1h | 1.0126 | −0.140% | $201K | $400K | 10x | |
| GMX SUI/USD [ETH-USDC] | L +0.0600% / S −0.0263% | 1h | 1.0127 | −0.125% | $931K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1274% | 1h | 1.0123 | −0.164% | $82K | $409K | 10x | as long as short |
Popdex SUIUSDT
Orderly PERP_SUI_USDC
Paradex SUI-USD-PERP
Nado SUI-PERP
Hyperliquid SUI
Aster SUIUSDT
Pacifica SUI
Binance SUIUSDT
Bybit SUIUSDT
OKX SUI-USDT-SWAP
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
Extended SUI-USD
Aevo SUI-PERP
Kraken Futures PF_SUIUSD
01 Exchange SUIUSD
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD