Funding you earn now, next payment 04:00 UTC+0.0308%/8h= +33.7% APRpaid last 24h +0.046%
Price spread now: Phoenix against Orderly+0.363%66s7-day average +0.100% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 4 days (all we have)−0.484%−$48 · spread now +0.363%, 7d avg +0.100%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Phoenix is 0.263% dearer against Orderly than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of +0.100%. The two prices were read 66 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 0.003% in total (about 0.2% 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 | Orderly PERP_SUI_USDC | 1.0230 | 0.0100 | pay 0.0100% / 8h | 3h 23m | $47K | $169K | 20x |
| Short | Phoenix SUI | 1.0267 | 0.0408 | get 0.0051% / 1h | 23m 38s | $208K | $415K | 10x |
Orderly PERP_SUI_USDC
Phoenix SUIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Orderly. 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
- $64.71
- Price spread: +0.363% → +0.100%
- $26.25
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $77.96
- Costs to cover
- 0.130%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Phoenix: live order book, 28 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 Phoenix live order book, 28 min ago | 0.96 bp | 12.3 bp −$12 | 43.0 bp −$430 | 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 | −0.3470% | 1h | 1.0224 | −0.059% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0377% | 1h | 1.0224 | −0.057% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0192% | 1h | 1.0249 | +0.182% | $6K | $19K | 7x | as long as short |
| Kraken Futures PF_SUIUSD | −0.0067% | 1h | 1.0235 | +0.050% | $6.7M | $26.7M | 50x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0243 | +0.127% | $129K | $227K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0221 | −0.089% | $474K | $5.1M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0235 | +0.049% | $199K | $572K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0227 | −0.027% | $115K | — | 150x | as long as short |
| Bluefin SUI-PERP | +0.0041% | 1h | 1.0219 | −0.108% | $587K | $406K | 25x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0255 | +0.241% | $775K | $5.4M | 10x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
Kraken Futures PF_SUIUSD
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Bluefin SUI-PERP
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 | 1.0252 | +0.213% | $306K | $2.2M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0239 | +0.088% | $45K | $515K | 50x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0246 | +0.156% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0231 | +0.010% | $579K | $2.1M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0245 | +0.150% | $885K | $4.5M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0247 | +0.166% | $221K | $254K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0246 | +0.156% | $147.1M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0244 | +0.141% | $101.1M | $308.5M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0242 | +0.117% | $40.0M | $384.9M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0240 | +0.098% | $43K | $331K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0243 | +0.127% | $166.7M | $82.3M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0245 | +0.147% | $152.8M | $295.2M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0246 | +0.156% | $50.2M | $54.2M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0237 | +0.068% | $66.9M | $173.7M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0241 | +0.108% | — | $82.2M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0242 | +0.117% | $634K | $1.3M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0246 | +0.153% | $2.4M | $3.4M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0262 | +0.315% | $167K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0290 | +0.587% | $444K | $7.6M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0263 | +0.323% | $224K | $432K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0239 | +0.088% | $123K | $723K | 10x | as long as short |
| Orderly PERP_SUI_USDClong | +0.0100% | 8h | 1.0230 | long leg | $47K | $169K | 20x | |
| SunX SUI-USDT | +0.0100% | 8h | 1.0278 | +0.469% | $2K | $1.7M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0235 | +0.049% | $14K | $2.0M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0232 | +0.020% | $584K | $19.6M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0235 | +0.049% | $11.7M | $27.1M | 50x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0239 | +0.088% | $241K | $4K | 10x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0237 | +0.065% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0235 | +0.049% | $39K | $11K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0152% | 1h | 1.0237 | +0.068% | $9K | $3K | 10x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0241 | +0.108% | $7.7M | $24.6M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0248% | 1h | 1.0227 | −0.029% | $966K | $15.0M | 50x | as long as short |
| Hyperliquid SUI | +0.0378% | 1h | 1.0259 | +0.283% | $74.1M | $80.9M | 10x | as long as short |
| Phoenix SUIshort | +0.0408% | 1h | 1.0267 | +0.363% | $208K | $415K | 10x | |
| GMX SUI/USD [ETH-USDC] | L +0.0599% / S −0.0260% | 1h | 1.0225 | −0.049% | $935K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1512% | 1h | 1.0276 | +0.451% | $82K | $402K | 10x | as long as short |
Lighter RH SUI
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
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Phemex SUIUSDT
Bulk SUI-USD
Extended SUI-USD
Aevo SUI-PERP
01 Exchange SUIUSD
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD