Funding you earn now, next payment 01:00 UTC−0.0121%/8h= −13.2% APRpaid last 24h −0.034%
Price spread now: Bybit against Phoenix+0.095%105s7-day average −0.102% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as 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−$410.406% of the position
Funding, last 7 days−0.056%−$6 on $10k
+Price spread, last 4 days (all we have)−1.167%−$117 · spread now +0.095%, 7d avg −0.102%
=The price spread pays, funding is against you. Bybit is 0.197% dearer against Phoenix than usual: you sell high and buy low (spread +0.095% now, against its 7-day average of −0.102%): +$20 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 5.4 days. At the pace of the last 7 days (−0.056% in total) that is about 24 days. The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SUI | 1.0371 | 0.0221 | pay 0.0028% / 1h | 1m 36s | $206K | $595K | 10x |
| Short | Bybit SUIUSDT | 1.0381 | 0.0100 | get 0.0100% / 8h | 6h 01m | $103.0M | $309.7M | 50x |
Phoenix SUI
Bybit SUIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$25.37
- Price spread: +0.095% → −0.102%
- $19.73
- Slippage, 4 orders
- −$22.59
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$46.23
- Costs to cover
- 0.406%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 66 min ago; Bybit: live order book, 3 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, 66 min ago | 1.02 bp | 12.3 bp −$12 | 50.6 bp −$506 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.48 bp | 8.0 bp −$8 | 14.8 bp −$148 | 35.4 bp −$3,544 | doesn't fit |
SUI on 45 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 | 1.0252 | −1.150% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0373% | 1h | 1.0400 | +0.281% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0280% | 1h | 1.0404 | +0.318% | $6K | $19K | 7x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0379 | +0.074% | $95K | $169K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0413 | +0.401% | $521K | $4.9M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0397 | +0.248% | $202K | $577K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0404 | +0.311% | $114K | — | 150x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0011% | 1h | 1.0398 | +0.259% | $6.8M | $27.0M | 50x | as long as short |
| Bluefin SUI-PERP | +0.0059% | 1h | 1.0386 | +0.142% | $594K | $414K | 25x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0383 | +0.113% | $819K | $5.7M | 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
Kraken Futures PF_SUIUSD
Bluefin SUI-PERP
Lighter SUIShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH SUI | +0.0096% | 1h | 1.0401 | +0.283% | $277K | $2.1M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0379 | +0.074% | $31K | $499K | 50x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0379 | +0.079% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0395 | +0.229% | $719K | $1.9M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0398 | +0.253% | $912K | $4.8M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0387 | +0.151% | $227K | $268K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0384 | +0.119% | $151.9M | $1.04B | 75x | as long as short |
| Bybit SUIUSDTshort | +0.0100% | 8h | 1.0381 | +0.095% | $103.0M | $309.7M | 50x | |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0377 | +0.055% | $41.0M | $385.9M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0380 | +0.084% | $44K | $373K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0351 | −0.196% | $243K | $4K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0381 | +0.094% | $164.3M | $84.7M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0378 | +0.065% | $150.5M | $301.5M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0381 | +0.094% | $50.5M | $53.8M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0374 | +0.026% | $67.5M | $169.9M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0381 | +0.094% | — | $82.1M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0393 | +0.209% | $710K | $1.2M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0364 | −0.073% | $2.4M | $3.2M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0405 | +0.324% | $169K | $4.7M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0385 | +0.133% | $455K | $7.5M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0357 | −0.138% | $236K | $472K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0411 | +0.383% | $121K | $722K | 10x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0398 | +0.257% | $47K | $243K | 20x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0422 | +0.489% | $3K | $1.8M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0395 | +0.229% | $6K | $2.1M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0406 | +0.335% | $599K | $19.9M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0394 | +0.219% | $11.6M | $25.9M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0374 | +0.021% | $1.4M | $4.1M | 50x | as long as short |
| 01 Exchange SUIUSD | +0.0104% | 1h | 1.0379 | +0.074% | $9K | $3K | 10x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0399 | +0.267% | $39K | $16K | 3x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0152% | 1h | 1.0412 | +0.392% | $983K | $14.6M | 50x | as long as short |
| Phoenix SUIlong | +0.0221% | 1h | 1.0371 | long leg | $206K | $595K | 10x | |
| Hyperliquid SUI | +0.0307% | 1h | 1.0410 | +0.373% | $75.0M | $80.1M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0627% / S −0.0278% | 1h | 1.0402 | +0.296% | $981K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1099% | 1h | 1.0397 | +0.248% | $83K | $383K | 10x | as long as short |
Lighter RH SUI
Popdex SUIUSDT
Paradex SUI-USD-PERP
Nado SUI-PERP
Aster SUIUSDT
Pacifica SUI
Binance SUIUSDT
OKX SUI-USDT-SWAP
Arcus SUI-USD
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
Orderly PERP_SUI_USDC
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Phemex SUIUSDT
Extended SUI-USD
01 Exchange SUIUSD
Aevo SUI-PERP
Coinbase International SUI-PERP-INTX
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD