Funding you earn now, next payment 03:00 UTC−0.0573%/8h= −62.7% APRnext payment −$0.72 per $10,000 · paid last 24h −0.104%
Price spread now: Bulk against Hyperliquid+0.098%7-day average −0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$250.254% of the position
Funding, last 4 days (all we have)−0.180%−$18 on $10k
+Price spread, last 4 days (all we have)−0.711%−$71 · spread now +0.098%, 7d avg −0.038%
=Together, before fees−0.890%+ Points / potential airdropHyperliquid: Season 2 · farm board−$89 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bulk is 0.136% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.098% now, against its 7-day average of −0.038%): +$14 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 4 days (−0.180% in total) that is about 2.7 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.180% in total (about -18.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.72 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 | 1.0393 | 0.0673 | pay 0.0084% / 1h | 39m 03s | $75.5M | $80.1M | 10x |
| Short | Bulk SUI-USD | 1.0403 | 0.0100 | get 0.0013% / 1h | 39m 03s | $245K | $4K | 10x |
Hyperliquid SUI
Bulk SUI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- −$120.23
- Price spread: +0.098% → −0.038%
- $13.61
- Slippage, 4 orders
- −$9.41
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$132.02
- Costs to cover
- 0.254%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; Bulk: live order book, 25 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 | 0.96 bp | 7.6 bp −$8 | 11.7 bp −$117 | doesn't fit | doesn't fit |
| Sell Bulk live order book, 25 min ago | 0.48 bp | 5.7 bp −$6 | 9.2 bp −$92 | 21.2 bp −$2,118 | 38.3 bp −$19.1K |
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 | −0.3542% | 1h | 1.0276 | −1.126% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0373% | 1h | 1.0384 | −0.084% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0232% | 1h | 1.0393 | +0.001% | $6K | $19K | 7x | as long as short |
| Bluefin SUI-PERP | −0.0047% | 1h | 1.0360 | −0.318% | $593K | $408K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0386 | −0.068% | $95K | $168K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0394 | +0.009% | $512K | $4.8M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0370 | −0.221% | $201K | $576K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0370 | −0.218% | $113K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0374 | −0.187% | $822K | $5.6M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0376 | −0.160% | $278K | $2.1M | 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 | 1.0384 | −0.087% | $33K | $499K | 50x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0386 | −0.063% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0381 | −0.115% | $713K | $1.9M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0375 | −0.173% | $912K | $4.6M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0389 | −0.035% | $227K | $262K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0372 | −0.198% | $152.2M | $1.02B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0373 | −0.194% | $102.9M | $307.8M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0373 | −0.192% | $41.0M | $383.1M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0390 | −0.029% | $44K | $373K | 10x | as long as short |
| Bulk SUI-USDshort | +0.0100% | 1h | 1.0403 | +0.098% | $245K | $4K | 10x | |
| Gate SUI_USDT | +0.0100% | 8h | 1.0377 | −0.154% | $164.7M | $82.7M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0373 | −0.192% | $150.6M | $291.9M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0374 | −0.183% | $50.9M | $53.6M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0376 | −0.164% | $67.8M | $168.4M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0378 | −0.144% | — | $82.1M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0372 | −0.202% | $701K | $1.3M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0393 | +0.005% | $2.4M | $3.2M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0400 | +0.069% | $169K | $4.6M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0447 | +0.521% | $452K | $7.4M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0439 | +0.443% | $237K | $470K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0394 | +0.010% | $122K | $721K | 10x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0374 | −0.183% | $47K | $238K | 20x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0384 | −0.087% | $2K | $1.8M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0370 | −0.221% | $14K | $2.1M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0376 | −0.164% | $596K | $19.8M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0381 | −0.115% | $11.6M | $26.1M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0368 | −0.243% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0375 | −0.173% | $39K | $11K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0136% | 1h | 1.0387 | −0.058% | $9K | $3K | 10x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0176% | 1h | 1.0388 | −0.048% | $993K | $14.6M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0373 | −0.192% | $8.0M | $24.9M | 100x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0290% | 1h | 1.0373 | −0.192% | $6.8M | $26.9M | 50x | as long as short |
| Phoenix SUI | +0.0362% | 1h | 1.0412 | +0.181% | $211K | $561K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0618% / S −0.0272% | 1h | 1.0368 | −0.238% | $967K | — | 100x | as long as short |
| Hyperliquid SUIlong | +0.0673% | 1h | 1.0393 | long leg | $75.5M | $80.1M | 10x | |
| Aftermath Perps SUIUSD | +0.1286% | 1h | 1.0407 | +0.136% | $83K | $384K | 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
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
BloFin SUI-USDT
Kraken Futures PF_SUIUSD
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD