Funding you earn now, next payment 07:00 UTC−0.0635%/8h= −69.6% APRnext payment −$0.79 per $10,000 · paid last 24h −0.119%
Price spread now: Bluefin against Phoenix−0.453%53s7-day average −0.211% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$520.515% of the position
Funding, last 7 days+0.044%+$4 on $10k
+Price spread, last 4 days (all we have)+0.334%+$33 · spread now −0.453%, 7d avg −0.211%
=Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Bluefin is 0.242% cheaper against Phoenix than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.211%). Swap the legs. The two prices were read 53 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 0.044% in total (about 2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.79 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 | 1.0145 | 0.0393 | pay 0.0049% / 1h | 35m 27s | $201K | $400K | 10x |
| Short | Bluefin SUI-PERP | 1.0099 | −0.0242 | pay 0.0030% / 1h | 35m 27s | $579K | $430K | 25x |
Phoenix SUI
Bluefin SUI-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bluefin 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
- −$133.38
- Price spread: −0.453% → −0.211%
- −$24.22
- Slippage, 4 orders
- −$37.54
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Net
- −$209.14
- Costs to cover
- 0.515%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 67 min ago; Bluefin: live order book, 4 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, 67 min ago | 0.99 bp | 12.4 bp −$12 | 50.7 bp −$507 | doesn't fit | doesn't fit |
| Sell Bluefin live order book, 4 min ago | 2.47 bp | 12.4 bp −$12 | 108.9 bp −$1,089 | 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 | −0.2780% | 1h | 1.0059 | −0.848% | $41K | $113K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0381% | 1h | 1.0105 | −0.398% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0336% | 1h | 1.0115 | −0.295% | $5K | $20K | 7x | as long as short |
| Bluefin SUI-PERPshort | −0.0242% | 1h | 1.0099 | −0.453% | $579K | $430K | 25x | |
| dYdX SUI-USD | 0.0000% | 1h | 1.0108 | −0.365% | $95K | $257K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0121 | −0.237% | $389K | $4.3M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0117 | −0.276% | $195K | $558K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0114 | −0.304% | $114K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0114 | −0.301% | $757K | $5.1M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0116 | −0.288% | $296K | $2.2M | 10x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Lighter SUI
Lighter RH SUIShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex SUIUSDT | +0.0096% | 1h | 1.0107 | −0.375% | $40K | $525K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0114 | −0.306% | $46K | $247K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0110 | −0.348% | $26K | $8K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0107 | −0.379% | $677K | $2.2M | 10x | as long as short |
| Hyperliquid SUI | +0.0100% | 1h | 1.0115 | −0.296% | $72.9M | $78.1M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0108 | −0.370% | $892K | $4.2M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0112 | −0.325% | $215K | $255K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0108 | −0.369% | $145.6M | $996.0M | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0104 | −0.409% | $97.8M | $311.3M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0104 | −0.404% | $40.8M | $367.1M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0110 | −0.345% | $43K | $326K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0138 | −0.067% | $238K | $454 | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0106 | −0.384% | $167.1M | $81.9M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0107 | −0.375% | $152.2M | $283.5M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0114 | −0.306% | $49.8M | $52.1M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0105 | −0.394% | $66.7M | $169.0M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0105 | −0.394% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0113 | −0.315% | $671K | $1.4M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0111 | −0.340% | $2.4M | $3.4M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0123 | −0.219% | $163K | $4.3M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0149 | +0.039% | $442K | $7.1M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0121 | −0.237% | $222K | $360K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0115 | −0.296% | $122K | $540K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0131 | −0.138% | $3K | $1.6M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0114 | −0.306% | $6K | $1.7M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0115 | −0.296% | $635K | $18.4M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0118 | −0.266% | $11.7M | $28.2M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0106 | −0.388% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0119 | −0.252% | $38K | $11K | 3x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0119% | 1h | 1.0116 | −0.282% | $6.8M | $21.8M | 50x | as long as short |
| 01 Exchange SUIUSD | +0.0144% | 1h | 1.0109 | −0.355% | $8K | $3K | 10x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0116 | −0.286% | $7.5M | $24.3M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0328% | 1h | 1.0120 | −0.246% | $1.0M | $14.3M | 50x | as long as short |
| Phoenix SUIlong | +0.0393% | 1h | 1.0145 | long leg | $201K | $400K | 10x | |
| GMX SUI/USD [ETH-USDC] | L +0.0599% / S −0.0263% | 1h | 1.0113 | −0.315% | $930K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1298% | 1h | 1.0155 | +0.101% | $82K | $409K | 10x | as long as short |
Popdex SUIUSDT
Orderly PERP_SUI_USDC
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
ApeX Omni SUIUSDT
Polymarket Perps SUI-USD
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Phemex SUIUSDT
Extended SUI-USD
Aevo SUI-PERP
Kraken Futures PF_SUIUSD
01 Exchange SUIUSD
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD