Funding you earn now, next payment 02:00 UTC−0.0291%/8h= −31.9% APRpaid last 24h −0.075%
Price spread now: Bluefin against Phemex−0.184%7-day average −0.132% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$470.472% of the position
Funding, last 7 days+0.208%+$21 on $10k
+Price spread, last 3 days (all we have)+0.085%+$9 · spread now −0.184%, 7d avg −0.132%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bluefin is 0.052% cheaper against Phemex than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.132%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.208%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex SUIUSDT | 1.0352 | 0.0100 | pay 0.0100% / 8h | 6h 39m | $11.5M | $25.6M | 50x |
| Short | Bluefin SUI-PERP | 1.0333 | −0.0191 | pay 0.0024% / 1h | 39m 00s | $591K | $419K | 25x |
Phemex SUIUSDT
Bluefin SUI-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bluefin against Phemex. 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
- −$61.11
- Price spread: −0.184% → −0.132%
- −$5.16
- Slippage, 4 orders
- −$28.25
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Net
- −$113.51
- Costs to cover
- 0.472%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; Bluefin: live order book, 30 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 Phemex live order book, 5 min ago | 1.91 bp | 8.1 bp −$8 | 19.4 bp −$194 | doesn't fit | doesn't fit |
| Sell Bluefin live order book, 30 min ago | 2.32 bp | 12.8 bp −$13 | 55.8 bp −$558 | 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 | −0.4499% | 1h | 1.0211 | −1.362% | $42K | $123K | 12x | as long as short |
| Hibachi SUI/USDT-P | −0.0472% | 1h | 1.0284 | −0.660% | $6K | $19K | 7x | as long as short |
| Reya SUIRUSDPERP | −0.0372% | 1h | 1.0352 | −0.005% | $4K | $3K | 20x | as long as short |
| Bluefin SUI-PERPshort | −0.0191% | 1h | 1.0333 | −0.184% | $591K | $419K | 25x | |
| ApeX Omni SUIUSDT | −0.0156% | 1h | 1.0454 | +0.985% | $239K | $505K | 50x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0318 | −0.325% | $94K | $171K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0347 | −0.048% | $538K | $5.0M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0351 | −0.010% | $201K | $580K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0351 | −0.010% | $119K | — | 150x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0012% | 1h | 1.0351 | −0.007% | $7.0M | $26.7M | 50x | as long as short |
Injective SUI/USDC PERP
Hibachi SUI/USDT-P
Reya SUIRUSDPERP
ApeX Omni SUIUSDT
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Kraken Futures PF_SUIUSDShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUIUSD | +0.0072% | 1h | 1.0324 | −0.270% | $9K | $9K | 10x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0354 | +0.021% | $818K | $5.7M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0351 | −0.014% | $273K | $2.1M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0318 | −0.328% | $29K | $494K | 50x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0380 | +0.269% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0350 | −0.019% | $626K | $1.8M | 10x | as long as short |
| Hyperliquid SUI | +0.0100% | 1h | 1.0360 | +0.080% | $74.2M | $80.4M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0349 | −0.026% | $936K | $5.1M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0314 | −0.364% | $224K | $268K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0350 | −0.018% | $151.1M | $1.06B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0352 | −0.005% | $102.9M | $314.7M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0345 | −0.068% | $40.7M | $393.2M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0310 | −0.406% | $44K | $373K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0479 | +1.227% | $246K | $3K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0353 | +0.010% | $163.7M | $83.5M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0351 | −0.010% | $148.9M | $297.2M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0352 | 0.000% | $50.6M | $54.0M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0345 | −0.068% | $67.1M | $173.6M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0354 | +0.019% | — | $6.6M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0352 | 0.000% | $661K | $1.2M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0355 | +0.028% | $2.4M | $3.2M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0444 | +0.893% | $170K | $4.6M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0334 | −0.172% | $453K | $7.5M | 10x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0361 | +0.087% | $119K | $730K | 10x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0348 | −0.039% | $47K | $283K | 20x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0354 | +0.019% | $2K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0352 | 0.000% | $6K | $2.2M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0348 | −0.039% | $664K | $19.7M | 75x | as long as short |
| Phemex SUIUSDTlong | +0.0100% | 8h | 1.0352 | long leg | $11.5M | $25.6M | 50x | |
| Extended SUI-USD | +0.0104% | 1h | 1.0347 | −0.044% | $1.4M | $4.0M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0354 | +0.015% | $39K | $16K | 3x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0152% | 1h | 1.0348 | −0.039% | $1.0M | $14.6M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0524 | +1.662% | $8.0M | $25.7M | 100x | as long as short |
| Phoenix SUI | +0.0221% | 1h | 1.0301 | −0.495% | $204K | $595K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0628% / S −0.0282% | 1h | 1.0345 | −0.067% | $980K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0922% | 1h | 1.0404 | +0.500% | $78K | $382K | 10x | as long as short |
01 Exchange SUIUSD
Lighter SUI
Lighter RH SUI
Popdex SUIUSDT
Paradex SUI-USD-PERP
Nado SUI-PERP
Hyperliquid SUI
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
Polymarket Perps SUI-USD
Orderly PERP_SUI_USDC
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Extended SUI-USD
Aevo SUI-PERP
Coinbase International SUI-PERP-INTX
BloFin SUI-USDT
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD