SUI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0694%/8h= +75.9% APRnext payment +$0.87 per $10,000 · paid last 24h +0.111%

Price spread now: Hyperliquid against Deribit+0.251%7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$320.322% of the position

Long on Deribit Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.167%+$17 on $10k

Price spread, last 3 days (all we have)−0.209%−$21 · spread now +0.251%, 7d avg +0.068%

Together, before fees−0.042%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Hyperliquid is 0.183% dearer against Deribit than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.068%.

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 +$0.87 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	1.0347	0	get 0.0000% / 1h	48m 43s	$201K	$581K	25x
Short	Hyperliquid SUI	1.0373	0.0694	get 0.0087% / 1h	48m 43s	$74.7M	$80.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.251%Rate

Funding earned: $145.64
Price spread: +0.251% → +0.068%: $18.31
Slippage, 4 orders: −$16.17
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $131.78
Costs to cover: 0.322%
Break-even: 0.7 days

Slippage from Deribit: live order book, 30 min ago; Hyperliquid: live order book, 5 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, 30 min ago	2.93 bp	6.9 bp −$7	13.7 bp −$137	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 5 min ago	0.97 bp	6.5 bp −$7	13.5 bp −$135	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	1.0167	−1.740%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0369%	1h	1.0352	+0.046%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0328%	1h	1.0354	+0.069%	$6K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0355	+0.074%	$94K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0385	+0.367%	$461K	$5.4M	2.5x	as long as short
Deribit SUI_USDC-PERPETUALlong	0.0000%	1h	1.0347	long leg	$201K	$581K	25x
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0354	+0.068%	$120K	—	150x	as long as short
Bluefin SUI-PERP	+0.0021%	1h	1.0332	−0.145%	$592K	$405K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0355	+0.082%	$796K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0356	+0.087%	$261K	$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
01 Exchange SUIUSD	+0.0096%	1h	1.0360	+0.126%	$9K	$9K	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0355	+0.077%	$38K	$496K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0099%	8h	1.0344	−0.029%	$46K	$330K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0352	+0.046%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0354	+0.068%	$597K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0360	+0.130%	$1.0M	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0355	+0.081%	$225K	$260K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0353	+0.057%	$152.2M	$1.02B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0351	+0.038%	$103.9M	$306.8M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0349	+0.019%	$41.4M	$386.2M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0350	+0.029%	$46K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0371	+0.231%	$244K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0359	+0.116%	$165.9M	$80.7M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0352	+0.048%	$149.5M	$289.3M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0356	+0.087%	$51.7M	$52.2M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0343	−0.039%	$67.9M	$168.8M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0359	+0.116%	—	$81.7M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0348	+0.010%	$659K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0354	+0.070%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0350	+0.026%	$169K	$4.4M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0366	+0.181%	$446K	$6.9M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0357	+0.097%	$235K	$442K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0362	+0.145%	$108K	$780K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0365	+0.174%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0348	+0.010%	$8K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0343	−0.039%	$640K	$18.5M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0351	+0.039%	$11.6M	$24.8M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0357	+0.098%	$1.4M	$3.8M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0357	+0.100%	$49K	$37K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0342	−0.048%	$7.9M	$24.1M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0224%	1h	1.0350	+0.029%	$985K	$14.0M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0273%	1h	1.0351	+0.039%	$7.2M	$24.1M	50x	as long as short
Phoenix SUI	+0.0327%	1h	1.0364	+0.164%	$205K	$593K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0640% / S −0.0309%	1h	1.0354	+0.072%	$904K	—	100x	as long as short
Hyperliquid SUIshort	+0.0694%	1h	1.0373	+0.251%	$74.7M	$80.7M	10x
Aftermath Perps SUIUSD	+0.0809%	1h	1.0338	−0.084%	$94K	$381K	10x	as long as short