Funding you earn now, next payment 12:00 UTC+0.0281%/8h= +30.8% APRnext payment +$0.35 per $10,000 · paid last 24h +0.129%
Price spread now: Hyperliquid against Bluefin+0.798%7-day average +0.231% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs+$16as in the Price arb table
costs, in and out, $10k−$410.409% of the position
Funding, last 7 days+0.167%+$17 on $10k
+Price spread, last 4 days (all we have)−0.587%−$59 · spread now +0.798%, 7d avg +0.231%
=Together, before fees−0.420%+ Points / potential airdropHyperliquid: Season 2 · farm board−$42 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Hyperliquid is 0.567% dearer against Bluefin than usual: you sell high and buy low: +$57 more if the spread goes back to its 7-day average of +0.231%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.167% in total (about 8.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.35 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bluefin SUI-PERP | 1.0022 | −0.0181 | get 0.0023% / 1h | 48m 34s | $576K | $401K | 25x |
| Short | Hyperliquid SUI | 1.0102 | 0.0100 | get 0.0013% / 1h | 48m 34s | $72.3M | $59.5M | 10x |
Bluefin SUI-PERP
Hyperliquid SUIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bluefin. 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
- $58.98
- Price spread: +0.798% → +0.231%
- $56.74
- Slippage, 4 orders
- −$24.87
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $74.85
- Costs to cover
- 0.409%
- Break-even
- from the start
Slippage from Bluefin: live order book, 59 min ago; Hyperliquid: live order book, 8 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 Bluefin live order book, 59 min ago | 1.97 bp | 13.7 bp −$14 | 86.4 bp −$864 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 0.50 bp | 5.8 bp −$6 | 11.3 bp −$113 | doesn't fit | doesn't fit |
SUI on 46 exchanges
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 | −0.3437% | 1h | 1.0008 | −0.140% | $41K | $113K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0387% | 1h | 1.0071 | +0.489% | $4K | $591 | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0264% | 1h | 1.0104 | +0.818% | $5K | $16K | 7x | as long as short |
| Bluefin SUI-PERPlong | −0.0181% | 1h | 1.0022 | long leg | $576K | $401K | 25x | |
| dYdX SUI-USD | 0.0000% | 1h | 1.0092 | +0.702% | $91K | $357K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0073 | +0.514% | $364K | $3.6M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0046 | +0.239% | $191K | $488K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0035 | +0.128% | $114K | — | 150x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0038% | 1h | 1.0048 | +0.262% | $6.8M | $19.0M | 50x | as long as short |
| 01 Exchange SUIUSD | +0.0056% | 1h | 1.0085 | +0.629% | $8K | $3K | 10x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Kraken Futures PF_SUIUSD
01 Exchange SUIUSDShow all 46 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter SUI | +0.0096% | 1h | 1.0099 | +0.771% | $739K | $4.1M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0098 | +0.758% | $329K | $2.0M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0079 | +0.569% | $53K | $520K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0099% | 8h | 1.0036 | +0.140% | $54K | $700K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0091 | +0.692% | $26K | $2K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0072 | +0.504% | $650K | $2.0M | 10x | as long as short |
| Hyperliquid SUIshort | +0.0100% | 1h | 1.0102 | +0.798% | $72.3M | $59.5M | 10x | |
| Aster SUIUSDT | +0.0100% | 8h | 1.0084 | +0.619% | $904K | $3.3M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0097 | +0.753% | $213K | $201K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0083 | +0.612% | $142.0M | $851.7M | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0074 | +0.519% | $96.3M | $258.8M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0072 | +0.499% | $41.1M | $303.4M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0080 | +0.579% | $44K | $309K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0105 | +0.824% | $219K | $34K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0089 | +0.669% | $166.7M | $62.0M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0094 | +0.718% | $94.5M | $241.0M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0096 | +0.738% | $49.6M | $44.7M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0070 | +0.479% | $66.0M | $136.4M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0093 | +0.708% | — | $84.4M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0055 | +0.329% | $637K | $1.1M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0075 | +0.527% | $2.4M | $2.5M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0073 | +0.504% | $162K | $3.6M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0078 | +0.560% | $438K | $6.7M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0073 | +0.509% | $201K | $383K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0079 | +0.569% | $70K | $549K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0049 | +0.269% | $2K | $1.3M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0068 | +0.459% | $6K | $1.3M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0042 | +0.200% | $745K | $15.9M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0056 | +0.339% | $11.6M | $27.7M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0078 | +0.559% | $1.5M | $3.4M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 0.9992 | −0.298% | $38K | $11K | 3x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0048 | +0.259% | $7.4M | $21.9M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0328% | 1h | 1.0062 | +0.399% | $988K | $10.1M | 50x | as long as short |
| Phoenix SUI | +0.0332% | 1h | 1.0113 | +0.909% | $200K | $309K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0605% / S −0.0268% | 1h | 1.0044 | +0.224% | $940K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0901% | 1h | 1.0090 | +0.679% | $92K | $387K | 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
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
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD