Funding you earn now, next payment 23:00 UTC−0.0227%/8h= −24.8% APRnext payment −$0.28 per $10,000 · paid last 24h −0.026%
Price spread now: Arcus against Phoenix−0.208%7-day average −0.093% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$420.424% of the position
Funding, last 3 days (all we have)−0.053%−$5 on $10k
+Price spread, last 3 days (all we have)+0.019%+$2 · spread now −0.208%, 7d avg −0.093%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Arcus is 0.114% cheaper against Phoenix than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.093%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.053% in total (about -5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.28 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 | Phoenix SUI | 1.0352 | 0.0327 | pay 0.0041% / 1h | 23m 29s | $205K | $593K | 10x |
| Short | Arcus SUI-USD | 1.0330 | 0.0100 | get 0.0013% / 1h | 23m 29s | $46K | $387K | 10x |
Phoenix SUI
Arcus SUI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Phoenix. 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: −0.208% → −0.093%
- −$11.42
- Slippage, 4 orders
- −$30.93
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$101.48
- Costs to cover
- 0.424%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 54 min ago; Arcus: live order book, 55 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 Phoenix live order book, 54 min ago | 0.98 bp | 12.3 bp −$12 | 50.7 bp −$507 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 55 min ago | 4.88 bp | 9.1 bp −$9 | 28.9 bp −$289 | 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 | 1.0261 | −0.874% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0369% | 1h | 1.0333 | −0.183% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0320% | 1h | 1.0353 | +0.013% | $6K | $19K | 7x | as long as short |
| Bluefin SUI-PERP | −0.0052% | 1h | 1.0338 | −0.130% | $592K | $407K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0328 | −0.232% | $97K | $173K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0359 | +0.076% | $462K | $5.3M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0349 | −0.024% | $201K | $581K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0002% | 1h | 1.0346 | −0.052% | $119K | — | 150x | as long as short |
| 01 Exchange SUIUSD | +0.0088% | 1h | 1.0328 | −0.227% | $9K | $9K | 10x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0314 | −0.362% | $794K | $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 | 1.0314 | −0.360% | $262K | $2.0M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0328 | −0.227% | $39K | $495K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0348 | −0.034% | $46K | $328K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0324 | −0.266% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0331 | −0.193% | $599K | $1.4M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0331 | −0.196% | $1.0M | $4.7M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0322 | −0.285% | $224K | $260K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0345 | −0.063% | $152.3M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0352 | 0.000% | $103.7M | $307.1M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0327 | −0.237% | $41.3M | $386.4M | 50x | as long as short |
| Arcus SUI-USDshort | +0.0100% | 1h | 1.0330 | −0.208% | $46K | $387K | 10x | |
| Bulk SUI-USD | +0.0100% | 1h | 1.0338 | −0.134% | $243K | $2K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0339 | −0.121% | $165.4M | $81.3M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0337 | −0.140% | $149.7M | $291.2M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0330 | −0.208% | $51.7M | $52.3M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0329 | −0.217% | $67.9M | $167.9M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0347 | −0.043% | — | $81.7M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0340 | −0.111% | $664K | $1.1M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0350 | −0.011% | $2.3M | $2.8M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0337 | −0.137% | $168K | $4.4M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0367 | +0.147% | $455K | $7.0M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0336 | −0.150% | $234K | $442K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0341 | −0.101% | $108K | $775K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0358 | +0.063% | $2K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0344 | −0.072% | $6K | $2.4M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0349 | −0.024% | $642K | $18.5M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0345 | −0.063% | $11.6M | $24.9M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0319 | −0.310% | $1.4M | $3.8M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0352 | +0.001% | $49K | $37K | 3x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0356 | +0.043% | $8.0M | $24.2M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0224% | 1h | 1.0346 | −0.053% | $981K | $13.9M | 50x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0273% | 1h | 1.0349 | −0.029% | $7.2M | $24.1M | 50x | as long as short |
| Phoenix SUIlong | +0.0327% | 1h | 1.0352 | long leg | $205K | $593K | 10x | |
| GMX SUI/USD [ETH-USDC] | L +0.0635% / S −0.0304% | 1h | 1.0346 | −0.055% | $893K | — | 100x | as long as short |
| Hyperliquid SUI | +0.0666% | 1h | 1.0345 | −0.063% | $74.8M | $80.9M | 10x | as long as short |
| Aftermath Perps SUIUSD | +0.0827% | 1h | 1.0352 | +0.009% | $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
OKX SUI-USDT-SWAP
Bulk 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
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