SUI

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0214%/8h= −23.4% APRnext payment −$0.27 per $10,000 · paid last 24h −0.067%

Price spread now: Bluefin against Deribit−0.175%7-day average −0.159% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$370.369% of the position

Long on Deribit Short on Bluefin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.131%+$13 on $10k

Price spread, last 3 days (all we have)+0.011%+$1 · spread now −0.175%, 7d avg −0.159%

Together, before fees+0.142%+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.159%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.131%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.131% in total (about 6.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.27 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	Deribit SUI_USDC-PERPETUAL	1.0295	0	get 0.0000% / 1h	45m 30s	$188K	$547K	25x
Short	Bluefin SUI-PERP	1.0277	−0.0214	pay 0.0027% / 1h	45m 30s	$589K	$405K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bluefin against Deribit. 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 DeribitbpFee BluefinbpOrdersPrice spread, now −0.175%Rate

Funding earned: −$44.92
Price spread: −0.175% → −0.159%: −$1.6
Slippage, 4 orders: −$22.92
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bluefin: 3.5 bp × 2 orders: −$7
Net: −$83.44
Costs to cover: 0.369%
Break-even: never at this rate

Slippage from Deribit: live order book, 38 min ago; Bluefin: live order book, 39 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 Deribit live order book, 38 min ago	3.44 bp	7.7 bp −$8	14.5 bp −$145	doesn't fit	doesn't fit
Sell Bluefin live order book, 39 min ago	0.98 bp	11.1 bp −$11	82.5 bp −$825	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	−0.2926%	1h	1.0068	−2.205%	$41K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0367%	1h	1.0296	+0.007%	$4K	$3K	20x	as long as short
Bluefin SUI-PERPshort	−0.0214%	1h	1.0277	−0.175%	$589K	$405K	25x
Hibachi SUI/USDT-P	−0.0072%	1h	1.0263	−0.311%	$6K	$18K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0299	+0.038%	$94K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0283	−0.120%	$458K	$5.5M	2.5x	as long as short
Deribit SUI_USDC-PERPETUALlong	0.0000%	1h	1.0295	long leg	$188K	$547K	25x
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0283	−0.114%	$119K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0299	+0.037%	$793K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0303	+0.074%	$254K	$2.0M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex SUIUSDT	+0.0096%	1h	1.0298	+0.029%	$37K	$503K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0098%	8h	1.0289	−0.058%	$45K	$375K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0298	+0.029%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0296	+0.010%	$599K	$1.3M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0299	+0.036%	$1.0M	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0299	+0.039%	$224K	$262K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0298	+0.033%	$152.1M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0301	+0.058%	$103.2M	$307.0M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0297	+0.019%	$41.0M	$385.0M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0300	+0.049%	$149K	$286K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0236	−0.576%	$241K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0296	+0.010%	$166.0M	$80.5M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0298	+0.029%	$148.6M	$294.4M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0296	+0.010%	$51.8M	$52.2M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0293	−0.019%	$67.8M	$168.7M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0295	0.000%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0289	−0.058%	$654K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0232	−0.616%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0276	−0.187%	$166K	$4.4M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0271	−0.234%	$447K	$7.0M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0284	−0.107%	$233K	$446K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0305	+0.097%	$106K	$787K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0292	−0.029%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0292	−0.029%	$6K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0285	−0.097%	$628K	$18.7M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0290	−0.049%	$11.5M	$24.6M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0292	−0.028%	$1.5M	$3.8M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0291	−0.038%	$49K	$37K	3x	as long as short
01 Exchange SUIUSD	+0.0112%	1h	1.0299	+0.039%	$9K	$9K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0263	−0.311%	$8.0M	$23.9M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0270	−0.243%	$982K	$13.8M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0295%	1h	1.0296	+0.012%	$7.2M	$24.2M	50x	as long as short
Phoenix SUI	+0.0346%	1h	1.0288	−0.071%	$204K	$574K	10x	as long as short
Hyperliquid SUI	+0.0425%	1h	1.0310	+0.146%	$73.4M	$81.4M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0638% / S −0.0309%	1h	1.0281	−0.134%	$897K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0659%	1h	1.0262	−0.321%	$94K	$384K	10x	as long as short