Funding you earn now, next payment 22:00 UTC+0.0246%/8h= +26.9% APRpaid last 24h +0.037%
Price spread now: Phoenix against Gate+0.175%62s7-day average +0.112% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$560.563% of the position
Funding, last 7 days+0.062%+$6 on $10k
+Price spread, last 3 days (all we have)+0.024%+$2 · spread now +0.175%, 7d avg +0.112%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Phoenix is 0.063% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.112%. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.062% in total (about 3.2% a year). A funding rate is set anew for every payment. 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 | Gate SUI_USDT | 1.0252 | 0.0100 | pay 0.0100% / 8h | 1h 26m | $164.9M | $80.8M | 50x |
| Short | Phoenix SUI | 1.0270 | 0.0346 | get 0.0043% / 1h | 26m 14s | $203K | $574K | 10x |
Gate SUI_USDT
Phoenix SUIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Gate. 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
- $51.56
- Price spread: +0.175% → +0.112%
- $6.28
- Slippage, 4 orders
- −$34.33
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $1.51
- Costs to cover
- 0.563%
- Break-even
- 6.8 days
Slippage from Gate: live order book, 3 min ago; Phoenix: live order book, 56 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 Gate live order book, 3 min ago | 0.97 bp | 15.7 bp −$16 | 24.4 bp −$244 | 39.6 bp −$3,957 | 73.8 bp −$36.9K |
| Sell Phoenix live order book, 56 min ago | 0.98 bp | 12.3 bp −$12 | 42.9 bp −$429 | 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 | 1.0179 | −0.712% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0368% | 1h | 1.0248 | −0.036% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0192% | 1h | 1.0244 | −0.082% | $6K | $19K | 7x | as long as short |
| Bluefin SUI-PERP | −0.0140% | 1h | 1.0210 | −0.410% | $585K | $406K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0246 | −0.059% | $93K | $66K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0257 | +0.054% | $457K | $5.5M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0249 | −0.029% | $190K | $562K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0002% | 1h | 1.0252 | 0.000% | $119K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0243 | −0.086% | $786K | $5.9M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0247 | −0.049% | $258K | $2.0M | 10x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
Bluefin SUI-PERP
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 | |
|---|---|---|---|---|---|---|---|---|
| Popdex SUIUSDT | +0.0096% | 1h | 1.0250 | −0.020% | $37K | $500K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0098% | 8h | 1.0249 | −0.029% | $45K | $371K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0244 | −0.079% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0246 | −0.059% | $592K | $1.4M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0254 | +0.021% | $1.0M | $4.5M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0253 | +0.010% | $223K | $263K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0242 | −0.095% | $151.0M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0243 | −0.089% | $102.5M | $307.0M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0239 | −0.127% | $40.9M | $382.8M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0250 | −0.020% | $45K | $387K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0242 | −0.098% | $241K | $2K | 10x | as long as short |
| Gate SUI_USDTlong | +0.0100% | 8h | 1.0252 | long leg | $164.9M | $80.8M | 50x | |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0241 | −0.107% | $148.5M | $296.6M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0249 | −0.029% | $51.5M | $52.2M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0236 | −0.156% | $67.3M | $168.6M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0251 | −0.010% | — | $81.7M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0256 | +0.039% | $650K | $1.1M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0260 | +0.080% | $2.3M | $2.8M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0258 | +0.060% | $165K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0268 | +0.159% | $445K | $7.0M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0266 | +0.137% | $233K | $441K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0256 | +0.039% | $107K | $792K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0263 | +0.107% | $2K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0246 | −0.059% | $6K | $2.4M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0247 | −0.049% | $627K | $18.6M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0242 | −0.098% | $11.5M | $24.7M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0245 | −0.071% | $1.4M | $3.7M | 50x | as long as short |
| 01 Exchange SUIUSD | +0.0104% | 1h | 1.0252 | 0.000% | $9K | $9K | 10x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0251 | −0.012% | $48K | $37K | 3x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0260 | +0.078% | $8.0M | $23.8M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0248% | 1h | 1.0255 | +0.029% | $967K | $13.9M | 50x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0296% | 1h | 1.0248 | −0.036% | $7.1M | $24.2M | 50x | as long as short |
| Phoenix SUIshort | +0.0346% | 1h | 1.0270 | +0.175% | $203K | $574K | 10x | |
| Hyperliquid SUI | +0.0508% | 1h | 1.0265 | +0.127% | $73.2M | $81.1M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0637% / S −0.0309% | 1h | 1.0250 | −0.018% | $895K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0728% | 1h | 1.0259 | +0.072% | $94K | $382K | 10x | as long as short |
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
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
01 Exchange SUIUSD
Aevo SUI-PERP
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Kraken Futures PF_SUIUSD
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD