Funding you earn now, next payment 07:00 UTC−0.0502%/8h= −55.0% APRpaid last 24h −0.141%
Price spread now: Phemex against GMX−0.026%52s7-day average +0.004% · 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)−0.406%−$41 on $10k
+Price spread, last 4 days (all we have)+0.070%+$7 · spread now −0.026%, 7d avg +0.004%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Phemex is 0.030% cheaper against GMX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.004%). Swap the legs. The two prices were read 52 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] | 1.0212 | L +0.0602% / S −0.0263% | pay 0.0075% / 1h | 19m 18s | $939K | — | 100x |
| Short | Phemex SUIUSDT | 1.0209 | 0.0100 | get 0.0100% / 8h | 1h 19m | $11.8M | $28.2M | 50x |
GMX SUI/USD [ETH-USDC]
Phemex SUIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$105.41
- Price spread: −0.026% → +0.004%
- −$3.01
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$132.42
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Phemex: live order book, 5 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 Phemex live order book, 5 min ago | 2.45 bp | 8.5 bp −$8 | 16.1 bp −$161 | 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 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 | −0.3536% | 1h | 1.0080 | −1.290% | $41K | $113K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0380% | 1h | 1.0209 | −0.027% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0248% | 1h | 1.0200 | −0.115% | $5K | $21K | 7x | as long as short |
| Bluefin SUI-PERP | −0.0094% | 1h | 1.0197 | −0.144% | $585K | $423K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0214 | +0.024% | $96K | $258K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0200 | −0.112% | $373K | $4.9M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0214 | +0.023% | $196K | $561K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0187 | −0.246% | $115K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0214 | +0.024% | $784K | $5.3M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0216 | +0.044% | $299K | $2.2M | 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 | 1.0215 | +0.032% | $38K | $521K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0212 | +0.003% | $47K | $218K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0215 | +0.031% | $27K | $8K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0206 | −0.051% | $693K | $2.2M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0212 | +0.007% | $902K | $4.3M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0214 | +0.024% | $218K | $258K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0215 | +0.032% | $146.2M | $1.01B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0210 | −0.016% | $98.9M | $314.5M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0209 | −0.026% | $41.3M | $376.6M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0220 | +0.081% | $43K | $328K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0191 | −0.207% | $240K | $1K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0211 | −0.007% | $167.9M | $83.5M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0215 | +0.032% | $153.1M | $292.6M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0214 | +0.023% | $50.2M | $52.7M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0208 | −0.036% | $67.2M | $171.6M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0212 | +0.003% | — | $86.8M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0201 | −0.105% | $670K | $1.3M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0182 | −0.294% | $2.4M | $3.5M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0176 | −0.347% | $163K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0180 | −0.312% | $443K | $7.1M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0191 | −0.203% | $224K | $379K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0220 | +0.081% | $127K | $611K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0231 | +0.189% | $2K | $1.6M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0216 | +0.042% | $6K | $1.8M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0209 | −0.026% | $629K | $18.4M | 75x | as long as short |
| Phemex SUIUSDTshort | +0.0100% | 8h | 1.0209 | −0.026% | $11.8M | $28.2M | 50x | |
| Extended SUI-USD | +0.0104% | 1h | 1.0207 | −0.042% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0218 | +0.061% | $39K | $11K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0200% | 1h | 1.0220 | +0.081% | $9K | $2K | 10x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0191 | −0.203% | $7.5M | $24.5M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0280% | 1h | 1.0227 | +0.150% | $1.0M | $14.7M | 50x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0363% | 1h | 1.0218 | +0.063% | $6.8M | $22.2M | 50x | as long as short |
| Phoenix SUI | +0.0431% | 1h | 1.0219 | +0.076% | $202K | $413K | 10x | as long as short |
| Hyperliquid SUI | +0.0443% | 1h | 1.0227 | +0.150% | $73.7M | $81.4M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC]long | L +0.0602% / S −0.0263% | 1h | 1.0212 | long leg | $939K | — | 100x | |
| Aftermath Perps SUIUSD | +0.1376% | 1h | 1.0192 | −0.197% | $82K | $410K | 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
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
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Extended SUI-USD
Aevo SUI-PERP
01 Exchange SUIUSD
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Kraken Futures PF_SUIUSD
Phoenix SUI
Hyperliquid SUI
Aftermath Perps SUIUSD