Funding you earn now, next payment 03:00 UTC−0.4160%/8h= −455.5% APRnext payment −$5.20 per $10,000 · paid last 24h −0.938%
Price spread now: Injective against GMX−1.369%57s7-day average −0.264% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−2.162%−$216 on $10k
+Price spread, last 3 days (all we have)+1.231%+$123 · spread now −1.369%, 7d avg −0.264%
=Both sides work against this trade now: funding costs −$125 a day on $10k at the current rate, and Injective is 1.105% cheaper against GMX than usual: you would sell low and buy high (−$110 if the spread goes back to its 7-day average of −0.264%). Swap the legs. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX SUI/USD [ETH-USDC] | 1.0394 | L +0.0618% / S −0.0272% | pay 0.0077% / 1h | 53m 34s | $968K | — | 100x |
| Short | Injective SUI/USDC PERP | 1.0252 | −0.3542 | pay 0.0443% / 1h | 53m 34s | $42K | $123K | 12x |
GMX SUI/USD [ETH-USDC]
Injective SUI/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against GMX. 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
- −$873.53
- Price spread: −1.369% → −0.264%
- −$110.5
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$996.04
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Injective: live order book, 10 min ago. Net counts fees only.
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 GMX no order-book sample | — | — | — | — | — |
| Sell Injective live order book, 10 min ago | 92.30 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 PERPshort | −0.3542% | 1h | 1.0252 | −1.369% | $42K | $123K | 12x | |
| Reya SUIRUSDPERP | −0.0373% | 1h | 1.0393 | −0.014% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0264% | 1h | 1.0455 | +0.584% | $6K | $19K | 7x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0401 | +0.067% | $95K | $168K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0393 | −0.016% | $511K | $4.8M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0411 | +0.161% | $202K | $576K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0399 | +0.045% | $114K | — | 150x | as long as short |
| Bluefin SUI-PERP | +0.0017% | 1h | 1.0399 | +0.045% | $595K | $411K | 25x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0400 | +0.054% | $828K | $5.6M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0406 | +0.108% | $278K | $2.1M | 10x | as long as short |
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
dYdX SUI-USD
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 | +0.026% | $31K | $499K | 50x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0399 | +0.049% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0396 | +0.016% | $718K | $1.9M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0397 | +0.027% | $912K | $4.7M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0401 | +0.064% | $227K | $266K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0397 | +0.029% | $152.0M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0394 | −0.003% | $103.0M | $308.5M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0392 | −0.022% | $41.1M | $384.5M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0400 | +0.055% | $44K | $373K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0402 | +0.076% | $245K | $4K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0398 | +0.036% | $164.7M | $82.3M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0397 | +0.026% | $151.0M | $290.2M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0398 | +0.036% | $50.7M | $53.7M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0395 | +0.007% | $67.8M | $168.6M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0399 | +0.045% | — | $82.1M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0392 | −0.022% | $710K | $1.2M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0468 | +0.707% | $2.4M | $3.2M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0410 | +0.151% | $170K | $4.6M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0410 | +0.151% | $455K | $7.5M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0355 | −0.378% | $236K | $470K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0405 | +0.103% | $48K | $241K | 20x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0421 | +0.257% | $2K | $1.8M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0417 | +0.218% | $6K | $2.1M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0403 | +0.084% | $593K | $19.8M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0394 | −0.003% | $11.6M | $26.0M | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0103% | 1h | 1.0407 | +0.122% | $122K | $726K | 10x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0390 | −0.041% | $1.5M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0419 | +0.238% | $40K | $11K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0128% | 1h | 1.0400 | +0.055% | $9K | $3K | 10x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0176% | 1h | 1.0411 | +0.161% | $967K | $14.6M | 50x | as long as short |
| Phoenix SUI | +0.0221% | 1h | 1.0385 | −0.089% | $206K | $561K | 10x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0288% | 1h | 1.0417 | +0.222% | $6.8M | $26.9M | 50x | as long as short |
| GMX SUI/USD [ETH-USDC]long | L +0.0618% / S −0.0272% | 1h | 1.0394 | long leg | $968K | — | 100x | |
| Hyperliquid SUI | +0.0693% | 1h | 1.0416 | +0.209% | $75.3M | $80.0M | 10x | as long as short |
| Aftermath Perps SUIUSD | +0.1184% | 1h | 1.0409 | +0.141% | $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
Orderly PERP_SUI_USDC
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Phemex SUIUSDT
Polymarket Perps SUI-USD
Extended SUI-USD
Aevo SUI-PERP
01 Exchange SUIUSD
Coinbase International SUI-PERP-INTX
Phoenix SUI
Kraken Futures PF_SUIUSD
Hyperliquid SUI
Aftermath Perps SUIUSD