Funding you earn now, next payment 23:00 UTC+0.0227%/8h= +24.8% APRpaid last 24h +0.026%
Price spread now: Phoenix against OKX+0.014%7-day average +0.114% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$400.396% of the position
Funding, last 7 days+0.030%+$3 on $10k
+Price spread, last 3 days (all we have)+0.168%+$17 · spread now +0.014%, 7d avg +0.114%
=Funding pays, the price is against you. Phoenix is 0.100% cheaper against OKX than usual: you would sell low and buy high (spread +0.014% now, against its 7-day average of +0.114%). If the spread goes back, that is −$10 on $10k: about 35 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.030% in total) that is about 23 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.030% in total (about 1.6% 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 | OKX SUI-USDT-SWAP | 1.0356 | 0.0100 | pay 0.0100% / 8h | 19m 06s | $41.6M | $387.7M | 50x |
| Short | Phoenix SUI | 1.0357 | 0.0327 | get 0.0041% / 1h | 19m 06s | $206K | $593K | 10x |
OKX SUI-USDT-SWAP
Phoenix SUIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against OKX. 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
- $47.64
- Price spread: +0.014% → +0.114%
- −$10.01
- Slippage, 4 orders
- −$22.63
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$2
- Costs to cover
- 0.396%
- Break-even
- 7.3 days
Slippage from OKX: live order book, 5 min ago; Phoenix: live order book, 59 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 OKX live order book, 5 min ago | 0.49 bp | 8.9 bp −$9 | 13.9 bp −$139 | 47.4 bp −$4,738 | doesn't fit |
| Sell Phoenix live order book, 59 min ago | 0.98 bp | 12.4 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 | −0.3474% | 1h | 1.0240 | −1.120% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0370% | 1h | 1.0360 | +0.035% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0328% | 1h | 1.0344 | −0.116% | $6K | $19K | 7x | as long as short |
| Bluefin SUI-PERP | −0.0058% | 1h | 1.0355 | −0.010% | $593K | $406K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0347 | −0.084% | $97K | $173K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0362 | +0.054% | $464K | $5.3M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0370 | +0.135% | $201K | $581K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0002% | 1h | 1.0366 | +0.098% | $119K | — | 150x | as long as short |
| 01 Exchange SUIUSD | +0.0088% | 1h | 1.0364 | +0.077% | $9K | $9K | 10x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0366 | +0.094% | $795K | $5.9M | 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
01 Exchange SUIUSD
Lighter SUIShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH SUI | +0.0096% | 1h | 1.0366 | +0.094% | $261K | $2.0M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0362 | +0.058% | $40K | $496K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0366 | +0.097% | $46K | $328K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0345 | −0.111% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0368 | +0.111% | $601K | $1.4M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0367 | +0.103% | $1.0M | $4.7M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0352 | −0.043% | $225K | $260K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0364 | +0.072% | $153.0M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0361 | +0.046% | $103.9M | $307.4M | 50x | as long as short |
| OKX SUI-USDT-SWAPlong | +0.0100% | 8h | 1.0356 | long leg | $41.6M | $387.7M | 50x | |
| Arcus SUI-USD | +0.0100% | 1h | 1.0370 | +0.135% | $46K | $387K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0360 | +0.039% | $166.4M | $81.4M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0361 | +0.048% | $150.4M | $291.5M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0358 | +0.019% | $51.6M | $52.5M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0354 | −0.019% | $68.1M | $168.0M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0360 | +0.039% | — | $81.7M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0362 | +0.058% | $665K | $1.1M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0353 | −0.028% | $2.3M | $2.8M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0329 | −0.264% | $168K | $4.4M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0342 | −0.135% | $447K | $7.0M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0329 | −0.261% | $234K | $442K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0371 | +0.145% | $109K | $775K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0381 | +0.241% | $2K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0367 | +0.106% | $7K | $2.3M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0366 | +0.097% | $645K | $18.5M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0361 | +0.048% | $11.6M | $24.9M | 50x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0359 | +0.029% | $244K | $2K | 10x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0361 | +0.049% | $1.4M | $3.8M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0372 | +0.158% | $49K | $37K | 3x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0369 | +0.126% | $8.0M | $24.2M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0224% | 1h | 1.0351 | −0.048% | $991K | $14.0M | 50x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0272% | 1h | 1.0372 | +0.152% | $7.2M | $24.1M | 50x | as long as short |
| Phoenix SUIshort | +0.0327% | 1h | 1.0357 | +0.014% | $206K | $593K | 10x | |
| GMX SUI/USD [ETH-USDC] | L +0.0636% / S −0.0304% | 1h | 1.0368 | +0.112% | $896K | — | 100x | as long as short |
| Hyperliquid SUI | +0.0658% | 1h | 1.0375 | +0.183% | $75.1M | $80.9M | 10x | as long as short |
| Aftermath Perps SUIUSD | +0.0812% | 1h | 1.0357 | +0.008% | $93K | $382K | 10x | as long as short |
Lighter RH SUI
Popdex SUIUSDT
Orderly PERP_SUI_USDC
Paradex SUI-USD-PERP
Nado SUI-PERP
Aster SUIUSDT
Pacifica SUI
Binance SUIUSDT
Bybit SUIUSDT
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
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Phemex SUIUSDT
Bulk SUI-USD
Extended SUI-USD
Aevo SUI-PERP
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Kraken Futures PF_SUIUSD
GMX SUI/USD [ETH-USDC]
Hyperliquid SUI
Aftermath Perps SUIUSD