SUI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0230%/8h= −25.2% APRnext payment −$2.30 per $10,000 · paid last 24h −0.003%

Price spread now: Phemex against Orderly−0.084%7-day average +0.020% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.101%−$10 on $10k

Price spread, last 3 days (all we have)+0.094%+$9 · spread now −0.084%, 7d avg +0.020%

Together, before fees−0.007%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Phemex is 0.104% cheaper against Orderly than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.020%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.101% in total (about -5.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.30 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	Orderly PERP_SUI_USDC	1.0716	0.0099	pay 0.0099% / 8h	7h 04m	$50K	$308K	20x
Short	Phemex SUIUSDT	1.0707	−0.0131	pay 0.0131% / 8h	7h 04m	$12.0M	$25.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Orderly. 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 OrderlybpFee PhemexbpOrdersPrice spread, now −0.084%Rate

Funding earned: −$48.36
Price spread: −0.084% → +0.020%: −$10.37
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$76.73
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Phemex: live order book, 4 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell Phemex live order book, 4 min ago	6.95 bp	16.1 bp −$16	27.0 bp −$270	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.3416%	1h	1.0537	−1.670%	$43K	$123K	12x	as long as short
Hibachi SUI/USDT-P	−0.0512%	1h	1.0714	−0.021%	$6K	$18K	7x	as long as short
Bluefin SUI-PERP	−0.0455%	1h	1.0702	−0.131%	$614K	$414K	25x	as long as short
Reya SUIRUSDPERP	−0.0371%	1h	1.0700	−0.153%	$4K	$3K	20x	as long as short
Phemex SUIUSDTshort	−0.0131%	8h	1.0707	−0.084%	$12.0M	$25.3M	50x
dYdX SUI-USD	0.0000%	1h	1.0713	−0.028%	$98K	$171K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0719	+0.025%	$589K	$4.9M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0722	+0.056%	$208K	$581K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0717	+0.006%	$115K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0037%	1h	1.0715	−0.006%	$7.3M	$24.2M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SUIUSD	+0.0048%	1h	1.0717	+0.009%	$9K	$9K	10x	as long as short
Lighter SUI	+0.0096%	1h	1.0714	−0.015%	$836K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0727	+0.101%	$290K	$2.1M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0729	+0.121%	$34K	$477K	50x	as long as short
Orderly PERP_SUI_USDClong	+0.0099%	8h	1.0716	long leg	$50K	$308K	20x
Paradex SUI-USD-PERP	+0.0100%	8h	1.0782	+0.616%	$28K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0701	−0.135%	$700K	$1.5M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0710	−0.056%	$1.1M	$4.8M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0713	−0.027%	$234K	$259K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0731	+0.136%	$158.1M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0706	−0.093%	$106.6M	$307.7M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0697	−0.177%	$42.7M	$399.0M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0720	+0.037%	$47K	$380K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0760	+0.414%	$253K	$3K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0691	−0.233%	$174.3M	$84.2M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0700	−0.149%	$155.3M	$303.4M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0700	−0.149%	$52.0M	$53.3M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0698	−0.168%	$69.7M	$169.3M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0680	−0.336%	—	$6.6M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0704	−0.112%	$671K	$1.1M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0709	−0.070%	$2.4M	$3.2M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0747	+0.287%	$176K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0784	+0.638%	$470K	$7.4M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0796	+0.747%	$240K	$490K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0714	−0.019%	$123K	$747K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0726	+0.093%	$2K	$1.8M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0713	−0.028%	$6K	$2.3M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0716	0.000%	$671K	$19.2M	75x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0700	−0.149%	$1.5M	$4.0M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0723	+0.069%	$41K	$16K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0200%	1h	1.0712	−0.037%	$1.0M	$14.9M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0708	−0.075%	$8.2M	$25.9M	100x	as long as short
Phoenix SUI	+0.0299%	1h	1.0721	+0.049%	$212K	$590K	10x	as long as short
Hyperliquid SUI	+0.0437%	1h	1.0731	+0.140%	$77.5M	$79.5M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0642% / S −0.0332%	1h	1.0716	−0.001%	$948K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0881%	1h	1.0731	+0.136%	$79K	$379K	10x	as long as short