Funding you earn now, next payment 00:00 UTC−0.0600%/8h= −65.7% APRpaid last 24h −0.112%
Price spread now: Phemex against Hyperliquid−0.106%48s7-day average −0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as 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−$320.319% of the position
Funding, last 7 days−0.258%−$26 on $10k
+Price spread, last 3 days (all we have)+0.014%+$1 · spread now −0.106%, 7d avg −0.096%
=Together, before fees−0.244%+ Points / potential airdropHyperliquid: Season 2 · farm board−$24 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.096%, so right now this pair is about funding alone: −$18 a day on $10k at the current rate. The two prices were read 48 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 -0.258% in total (about -13.5% 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 | Hyperliquid SUI | 1.0368 | 0.0700 | pay 0.0088% / 1h | 42m 33s | $74.8M | $80.8M | 10x |
| Short | Phemex SUIUSDT | 1.0357 | 0.0100 | get 0.0100% / 8h | 42m 33s | $11.6M | $24.8M | 50x |
Hyperliquid SUI
Phemex SUIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$126.08
- Price spread: −0.106% → −0.096%
- −$1.04
- Slippage, 4 orders
- −$10.85
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$158.97
- Costs to cover
- 0.319%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; Phemex: live order book, 2 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, 11 min ago | 0.97 bp | 8.4 bp −$8 | 10.3 bp −$103 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 0.96 bp | 8.9 bp −$9 | 21.7 bp −$217 | 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 | −0.3474% | 1h | 1.0207 | −1.553% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0369% | 1h | 1.0347 | −0.200% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0328% | 1h | 1.0361 | −0.068% | $6K | $19K | 7x | as long as short |
| Bluefin SUI-PERP | −0.0003% | 1h | 1.0345 | −0.222% | $593K | $405K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0357 | −0.104% | $94K | $66K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0368 | −0.002% | $464K | $5.4M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0358 | −0.096% | $201K | $581K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0002% | 1h | 1.0351 | −0.162% | $120K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0359 | −0.084% | $797K | $5.9M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0365 | −0.032% | $261K | $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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUIUSD | +0.0096% | 1h | 1.0356 | −0.116% | $9K | $9K | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0351 | −0.164% | $38K | $495K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0099% | 8h | 1.0356 | −0.116% | $46K | $329K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0355 | −0.123% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0350 | −0.178% | $597K | $1.4M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0361 | −0.066% | $1.0M | $4.6M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0362 | −0.056% | $225K | $260K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0352 | −0.152% | $152.0M | $1.02B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0354 | −0.135% | $103.7M | $307.0M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0349 | −0.183% | $41.3M | $386.5M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0350 | −0.174% | $46K | $387K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0371 | +0.028% | $244K | $2K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0358 | −0.096% | $166.0M | $80.9M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0351 | −0.164% | $149.8M | $290.0M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0348 | −0.193% | $51.7M | $52.2M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0354 | −0.135% | $68.0M | $168.7M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0352 | −0.154% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0354 | −0.135% | $660K | $1.1M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0378 | +0.098% | $2.3M | $2.8M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0366 | −0.024% | $169K | $4.4M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0356 | −0.118% | $445K | $7.0M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0367 | −0.010% | $235K | $442K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0359 | −0.087% | $108K | $778K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0364 | −0.039% | $2K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0351 | −0.164% | $7K | $2.4M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0352 | −0.154% | $641K | $18.5M | 75x | as long as short |
| Phemex SUIUSDTshort | +0.0100% | 8h | 1.0357 | −0.106% | $11.6M | $24.8M | 50x | |
| Extended SUI-USD | +0.0104% | 1h | 1.0351 | −0.167% | $1.4M | $3.8M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0362 | −0.055% | $49K | $37K | 3x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0353 | −0.145% | $7.9M | $24.2M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0224% | 1h | 1.0376 | +0.077% | $987K | $14.0M | 50x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0273% | 1h | 1.0355 | −0.121% | $7.2M | $24.1M | 50x | as long as short |
| Phoenix SUI | +0.0327% | 1h | 1.0375 | +0.071% | $206K | $593K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0638% / S −0.0308% | 1h | 1.0351 | −0.169% | $902K | — | 100x | as long as short |
| Hyperliquid SUIlong | +0.0700% | 1h | 1.0368 | long leg | $74.8M | $80.8M | 10x | |
| Aftermath Perps SUIUSD | +0.0831% | 1h | 1.0362 | −0.060% | $94K | $381K | 10x | as long as short |
01 Exchange SUIUSD
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-USDC
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
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Kraken Futures PF_SUIUSD
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD