Funding you earn now, next payment 10:00 UTC−0.0389%/8h= −42.6% APRnext payment −$0.49 per $10,000 · paid last 24h −0.157%
Price spread now: Bluefin against Hyperliquid−0.341%7-day average −0.229% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$400.397% of the position
Funding, last 7 days−0.151%−$15 on $10k
+Price spread, last 4 days (all we have)−0.122%−$12 · spread now −0.341%, 7d avg −0.229%
=Together, before fees−0.273%+ Points / potential airdropHyperliquid: Season 2 · farm board−$27 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Bluefin is 0.112% cheaper against Hyperliquid than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.229%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.151% in total (about -7.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.49 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 | Hyperliquid SUI | 1.0252 | 0.0198 | pay 0.0025% / 1h | 59m 06s | $74.1M | $74.8M | 10x |
| Short | Bluefin SUI-PERP | 1.0217 | −0.0191 | pay 0.0024% / 1h | 59m 06s | $588K | $437K | 25x |
Hyperliquid SUI
Bluefin SUI-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bluefin against Hyperliquid. 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
- −$81.76
- Price spread: −0.341% → −0.229%
- −$11.22
- Slippage, 4 orders
- −$23.74
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Net
- −$132.71
- Costs to cover
- 0.397%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; Bluefin: live order book, 35 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 Hyperliquid live order book, 5 min ago | 0.49 bp | 7.1 bp −$7 | 13.5 bp −$135 | doesn't fit | doesn't fit |
| Sell Bluefin live order book, 35 min ago | 2.97 bp | 14.5 bp −$15 | 108.3 bp −$1,083 | 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 | −0.3772% | 1h | 1.0143 | −1.063% | $42K | $113K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0383% | 1h | 1.0221 | −0.303% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0376% | 1h | 1.0256 | +0.039% | $6K | $17K | 7x | as long as short |
| Bluefin SUI-PERPshort | −0.0191% | 1h | 1.0217 | −0.341% | $588K | $437K | 25x | |
| Backpack SUI_USDC_PERP | −0.0050% | 1h | 1.0238 | −0.137% | $671K | $1.3M | 20x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0235 | −0.166% | $96K | $245K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0234 | −0.175% | $376K | $3.9M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0233 | −0.185% | $197K | $524K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0259 | +0.069% | $116K | — | 150x | as long as short |
| 01 Exchange SUIUSD | +0.0032% | 1h | 1.0237 | −0.146% | $8K | $3K | 10x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
Backpack SUI_USDC_PERP
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
01 Exchange SUIUSDShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SUIUSD | +0.0054% | 1h | 1.0235 | −0.164% | $6.9M | $21.0M | 50x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0233 | −0.183% | $758K | $4.6M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0236 | −0.151% | $322K | $2.1M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0235 | −0.166% | $52K | $520K | 50x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0233 | −0.187% | $27K | $6K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0223 | −0.278% | $674K | $2.0M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0234 | −0.179% | $909K | $4.0M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0242 | −0.101% | $218K | $214K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0231 | −0.205% | $145.1M | $941.9M | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0235 | −0.166% | $98.5M | $292.1M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0236 | −0.156% | $41.2M | $347.0M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0240 | −0.117% | $43K | $318K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0247 | −0.049% | $235K | $7K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0239 | −0.127% | $169.4M | $71.6M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0237 | −0.146% | $94.9M | $270.3M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0241 | −0.107% | $52.5M | $49.1M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0237 | −0.146% | $67.6M | $157.0M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0240 | −0.117% | — | $86.2M | — | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0248 | −0.043% | $2.4M | $3.1M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0262 | +0.097% | $165K | $4.2M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0255 | +0.026% | $439K | $7.0M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0264 | +0.117% | $207K | $355K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0237 | −0.146% | $123K | $510K | 10x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0232 | −0.195% | $55K | $645K | 20x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0248 | −0.039% | $2K | $1.5M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0231 | −0.205% | $6K | $1.5M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0240 | −0.117% | $778K | $17.5M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0232 | −0.195% | $11.8M | $28.5M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0226 | −0.252% | $1.5M | $3.9M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0234 | −0.178% | $39K | $11K | 3x | as long as short |
| Hyperliquid SUIlong | +0.0198% | 1h | 1.0252 | long leg | $74.1M | $74.8M | 10x | |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0231 | −0.205% | $7.5M | $24.3M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0320% | 1h | 1.0236 | −0.156% | $1.0M | $12.8M | 50x | as long as short |
| Phoenix SUI | +0.0426% | 1h | 1.0265 | +0.124% | $205K | $337K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0612% / S −0.0269% | 1h | 1.0261 | +0.090% | $956K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1030% | 1h | 1.0253 | +0.011% | $81K | $413K | 10x | as long as short |
Kraken Futures PF_SUIUSD
Lighter SUI
Lighter RH SUI
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
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
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD