Funding you earn now, next payment 02:00 UTC+0.0362%/8h= +39.6% APRnext payment +$0.45 per $10,000 · paid last 24h +0.066%
Price spread now: Phoenix against dYdX+0.281%7-day average +0.109% · you sell dearer than you buy
Net, funding: paid 7d − costs−$340as in the Funding arb table
Net, price: spread back to 7d avg − costs−$342as in the Price arb table
costs, in and out, $10k−$3603.595% of the position
Funding, last 7 days+0.194%+$19 on $10k
+Price spread, last 4 days (all we have)+0.792%+$79 · spread now +0.281%, 7d avg +0.109%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Phoenix is 0.173% dearer against dYdX than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.109%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.194% in total (about 10.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.45 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 | dYdX SUI-USD | 1.0401 | 0 | get 0.0000% / 1h | 53m 15s | $95K | $168K | 10x |
| Short | Phoenix SUI | 1.0431 | 0.0362 | get 0.0045% / 1h | 53m 15s | $207K | $561K | 10x |
dYdX SUI-USD
Phoenix SUIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against dYdX. 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
- $76.03
- Price spread: +0.281% → +0.109%
- $17.25
- Slippage, 4 orders
- −$342.51
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$266.23
- Costs to cover
- 3.595%
- Break-even
- 31.5 days
Slippage from dYdX: live order book, 31 min ago; Phoenix: live order book, 9 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 dYdX live order book, 31 min ago | 114.13 bp | 119.1 bp −$119 | 119.1 bp −$1,191 | 163.5 bp −$16.3K | 427.9 bp −$214.0K |
| Sell Phoenix live order book, 9 min ago | 0.96 bp | 12.4 bp −$12 | 43.0 bp −$430 | doesn't fit | doesn't fit |
SUI on 45 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 | −0.3542% | 1h | 1.0252 | −1.435% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0373% | 1h | 1.0396 | −0.052% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0248% | 1h | 1.0395 | −0.060% | $6K | $19K | 7x | as long as short |
| dYdX SUI-USDlong | 0.0000% | 1h | 1.0401 | long leg | $95K | $168K | 10x | |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0406 | +0.049% | $512K | $4.8M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0424 | +0.219% | $202K | $576K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0418 | +0.161% | $114K | — | 150x | as long as short |
| Bluefin SUI-PERP | +0.0037% | 1h | 1.0409 | +0.075% | $596K | $411K | 25x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0419 | +0.170% | $830K | $5.6M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0421 | +0.187% | $278K | $2.1M | 10x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Bluefin SUI-PERP
Lighter SUI
Lighter RH SUIShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex SUIUSDT | +0.0096% | 1h | 1.0397 | −0.041% | $31K | $499K | 50x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0399 | −0.018% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0396 | −0.050% | $718K | $1.9M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0401 | −0.004% | $912K | $4.7M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0401 | −0.002% | $227K | $266K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0414 | +0.124% | $152.2M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0414 | +0.124% | $103.1M | $308.5M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0414 | +0.123% | $41.1M | $385.5M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0400 | −0.012% | $44K | $373K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0402 | +0.009% | $245K | $4K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0411 | +0.094% | $164.9M | $82.3M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0414 | +0.123% | $151.3M | $290.3M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0415 | +0.132% | $50.8M | $53.7M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0429 | +0.267% | $68.0M | $168.6M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0431 | +0.286% | — | $82.1M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0414 | +0.123% | $712K | $1.2M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0468 | +0.640% | $2.4M | $3.2M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0410 | +0.084% | $170K | $4.6M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0410 | +0.085% | $455K | $7.5M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0355 | −0.444% | $236K | $470K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0407 | +0.055% | $122K | $726K | 10x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0417 | +0.152% | $48K | $240K | 20x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0414 | +0.123% | $2K | $1.8M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0420 | +0.180% | $6K | $2.1M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0417 | +0.152% | $590K | $19.8M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0410 | +0.084% | $11.6M | $26.0M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0419 | +0.171% | $1.5M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0428 | +0.253% | $40K | $11K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0128% | 1h | 1.0400 | −0.012% | $9K | $3K | 10x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0176% | 1h | 1.0402 | +0.007% | $966K | $14.6M | 50x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0288% | 1h | 1.0421 | +0.192% | $6.8M | $26.9M | 50x | as long as short |
| Phoenix SUIshort | +0.0362% | 1h | 1.0431 | +0.281% | $207K | $561K | 10x | |
| GMX SUI/USD [ETH-USDC] | L +0.0618% / S −0.0272% | 1h | 1.0415 | +0.136% | $969K | — | 100x | as long as short |
| Hyperliquid SUI | +0.0700% | 1h | 1.0415 | +0.132% | $75.3M | $80.0M | 10x | as long as short |
| Aftermath Perps SUIUSD | +0.1199% | 1h | 1.0411 | +0.094% | $83K | $383K | 10x | as long as short |
Popdex SUIUSDT
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
Orderly PERP_SUI_USDC
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Phemex SUIUSDT
Extended SUI-USD
Aevo SUI-PERP
01 Exchange SUIUSD
Coinbase International SUI-PERP-INTX
Kraken Futures PF_SUIUSD
GMX SUI/USD [ETH-USDC]
Hyperliquid SUI
Aftermath Perps SUIUSD