Funding you earn now, next payment 23:00 UTC+0.0323%/8h= +35.3% APRnext payment +$0.40 per $10,000 · paid last 24h +0.102%
Price spread now: Phoenix against Bluefin+0.126%7-day average +0.194% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$490.494% of the position
Funding, last 7 days−0.133%−$13 on $10k
+Price spread, last 3 days (all we have)−0.062%−$6 · spread now +0.126%, 7d avg +0.194%
=Funding pays, the price is against you. Phoenix is 0.069% cheaper against Bluefin than usual: you would sell low and buy high (spread +0.126% now, against its 7-day average of +0.194%). If the spread goes back, that is −$7 on $10k: about 17 hours of funding at the current rate (+$10 a day). Mind the row above: over the last 7 days funding on this pair cost −0.133%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.133% in total (about -6.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.40 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 | Bluefin SUI-PERP | 1.0351 | 0.0004 | pay 0.0001% / 1h | 45m 20s | $593K | $405K | 25x |
| Short | Phoenix SUI | 1.0364 | 0.0327 | get 0.0041% / 1h | 45m 20s | $205K | $593K | 10x |
Bluefin SUI-PERP
Phoenix SUIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $67.75
- Price spread: +0.126% → +0.194%
- −$6.87
- Slippage, 4 orders
- −$35.4
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $11.48
- Costs to cover
- 0.494%
- Break-even
- 5.8 days
Slippage from Bluefin: live order book, 34 min ago; Phoenix: live order book, 32 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, 34 min ago | 1.47 bp | 14.3 bp −$14 | 55.5 bp −$555 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 32 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 | 1.0207 | −1.391% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0369% | 1h | 1.0361 | +0.094% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0328% | 1h | 1.0381 | +0.288% | $6K | $19K | 7x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0372 | +0.200% | $95K | $66K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0388 | +0.360% | $464K | $5.4M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0367 | +0.155% | $201K | $581K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0002% | 1h | 1.0363 | +0.116% | $120K | — | 150x | as long as short |
| Bluefin SUI-PERPlong | +0.0004% | 1h | 1.0351 | long leg | $593K | $405K | 25x | |
| Lighter SUI | +0.0096% | 1h | 1.0375 | +0.237% | $798K | $5.9M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0377 | +0.255% | $261K | $2.0M | 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
Lighter SUI
Lighter RH SUIShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUIUSD | +0.0096% | 1h | 1.0362 | +0.106% | $9K | $9K | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0360 | +0.087% | $38K | $496K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0099% | 8h | 1.0363 | +0.116% | $46K | $329K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0367 | +0.156% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0360 | +0.087% | $598K | $1.4M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0365 | +0.132% | $1.0M | $4.6M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0374 | +0.219% | $225K | $260K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0362 | +0.106% | $152.3M | $1.02B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0364 | +0.121% | $103.9M | $306.9M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0361 | +0.097% | $41.3M | $386.9M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0360 | +0.087% | $46K | $387K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0371 | +0.192% | $244K | $2K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0362 | +0.106% | $166.0M | $80.8M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0362 | +0.106% | $149.8M | $289.8M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0358 | +0.068% | $51.8M | $52.2M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0359 | +0.077% | $68.0M | $168.8M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0362 | +0.106% | — | $81.7M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0376 | +0.242% | $661K | $1.1M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0378 | +0.263% | $2.3M | $2.8M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0361 | +0.095% | $169K | $4.4M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0356 | +0.044% | $450K | $6.9M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0352 | +0.010% | $235K | $441K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0370 | +0.184% | $108K | $778K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0378 | +0.261% | $2K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0364 | +0.126% | $7K | $2.4M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0369 | +0.174% | $642K | $18.5M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0363 | +0.116% | $11.6M | $24.8M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0362 | +0.103% | $1.4M | $3.8M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0371 | +0.194% | $49K | $37K | 3x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0354 | +0.029% | $7.9M | $24.1M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0224% | 1h | 1.0367 | +0.155% | $987K | $14.0M | 50x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0272% | 1h | 1.0370 | +0.179% | $7.2M | $24.1M | 50x | as long as short |
| Phoenix SUIshort | +0.0327% | 1h | 1.0364 | +0.126% | $205K | $593K | 10x | |
| GMX SUI/USD [ETH-USDC] | L +0.0640% / S −0.0309% | 1h | 1.0363 | +0.112% | $905K | — | 100x | as long as short |
| Hyperliquid SUI | +0.0701% | 1h | 1.0378 | +0.261% | $74.8M | $80.8M | 10x | as long as short |
| Aftermath Perps SUIUSD | +0.0810% | 1h | 1.0357 | +0.054% | $94K | $381K | 10x | as long as short |
01 Exchange SUIUSD
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
Kraken Futures PF_SUIUSD
GMX SUI/USD [ETH-USDC]
Hyperliquid SUI
Aftermath Perps SUIUSD