SUI

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0424%/8h= +46.4% APRnext payment +$0.53 per $10,000 · paid last 24h +0.006%

Price spread now: Phoenix against Kraken Futures+0.294%71s7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as 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−$480.479% of the position

Long on Kraken Futures Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 3 days (all we have)−0.475%−$48 · spread now +0.294%, 7d avg +0.048%

Together, before fees−0.555%−$56 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Phoenix is 0.246% dearer against Kraken Futures than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of +0.048%. Mind the row above: over the last 7 days funding on this pair cost −0.080%, so the current rate has only just turned in your favour. The two prices were read 71 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 -0.080% in total (about -4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.53 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	Kraken Futures PF_SUIUSD	1.0278	−0.0154	get 0.0019% / 1h	32m 13s	$6.9M	$24.0M	50x
Short	Phoenix SUI	1.0309	0.0270	get 0.0034% / 1h	32m 13s	$186K	$581K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee PhoenixbpOrdersPrice spread, now +0.294%Rate

Funding earned: $88.98
Price spread: +0.294% → +0.048%: $24.61
Slippage, 4 orders: −$30.94
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $65.65
Costs to cover: 0.479%
Break-even: 1.8 days

Slippage from Kraken Futures: live order book, 2 min ago; Phoenix: live order book, 16 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 Kraken Futures live order book, 2 min ago	2.43 bp	11.6 bp −$12	18.1 bp −$181	56.4 bp −$5,639	doesn't fit
Sell Phoenix live order book, 16 min ago	0.97 bp	12.3 bp −$12	43.0 bp −$430	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	−0.3656%	1h	1.0187	−0.888%	$42K	$42K	12x	as long as short
Hibachi SUI/USDT-P	−0.0504%	1h	1.0263	−0.144%	$6K	$19K	7x	as long as short
Reya SUIRUSDPERP	−0.0365%	1h	1.0270	−0.082%	$4K	$3K	20x	as long as short
Kraken Futures PF_SUIUSDlong	−0.0154%	1h	1.0278	long leg	$6.9M	$24.0M	50x
Bluefin SUI-PERP	−0.0034%	1h	1.0263	−0.148%	$588K	$413K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0284	+0.054%	$94K	$88K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0285	+0.066%	$462K	$5.6M	2.5x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0276	−0.025%	$119K	—	150x	as long as short
01 Exchange SUIUSD	+0.0040%	1h	1.0276	−0.022%	$8K	$8K	10x	as long as short
Lighter SUI	+0.0096%	1h	1.0274	−0.041%	$775K	$5.9M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SUI	+0.0096%	1h	1.0275	−0.027%	$247K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0273	−0.051%	$33K	$507K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0097%	8h	1.0273	−0.051%	$45K	$387K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0279	+0.004%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0273	−0.051%	$600K	$1.4M	10x	as long as short
Hyperliquid SUI	+0.0100%	1h	1.0282	+0.036%	$73.4M	$83.3M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0274	−0.041%	$1.0M	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0283	+0.042%	$223K	$263K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0273	−0.056%	$152.5M	$1.04B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0273	−0.046%	$105.5M	$308.7M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0267	−0.109%	$41.4M	$389.7M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0280	+0.017%	$148K	$300K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0272	−0.061%	$165.9M	$81.4M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0271	−0.070%	$148.6M	$295.1M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0273	−0.051%	$52.4M	$50.4M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0269	−0.090%	$67.5M	$172.1M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0276	−0.022%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0289	+0.105%	$647K	$1.2M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0297	+0.179%	$2.3M	$2.8M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0298	+0.192%	$166K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0289	+0.105%	$443K	$7.1M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0293	+0.144%	$247K	$435K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0279	+0.007%	$107K	$817K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0283	+0.046%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0273	−0.051%	$7K	$2.5M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0275	−0.031%	$629K	$19.2M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0275	−0.031%	$11.5M	$23.9M	50x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0277	−0.012%	$242K	$2K	10x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0271	−0.069%	$1.5M	$3.7M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0282	+0.039%	$49K	$38K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0216%	1h	1.0286	+0.076%	$991K	$14.4M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0290	+0.114%	$8.2M	$24.1M	100x	as long as short
Phoenix SUIshort	+0.0270%	1h	1.0309	+0.294%	$186K	$581K	10x
GMX SUI/USD [ETH-USDC]	L +0.0630% / S −0.0300%	1h	1.0273	−0.050%	$881K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0906%	1h	1.0286	+0.073%	$93K	$398K	10x	as long as short
Deribit SUI_USDC-PERPETUAL	+0.1307%	1h	1.0293	+0.144%	$198K	$516K	25x	as long as short