Funding you earn now, next payment 07:00 UTC−0.0393%/8h= −43.0% APRnext payment −$0.49 per $10,000 · paid last 24h −0.083%
Price spread now: dYdX against Phoenix−0.091%46s7-day average −0.117% · you buy dearer than you sell
Net, funding: paid 7d − costs−$111as 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−$890.888% of the position
Funding, last 7 days−0.220%−$22 on $10k
+Price spread, last 4 days (all we have)−0.983%−$98 · spread now −0.091%, 7d avg −0.117%
=The price spread pays, funding is against you. dYdX is 0.026% dearer against Phoenix than usual: you sell high and buy low (spread −0.091% now, against its 7-day average of −0.117%): +$3 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.220% in total) that is about 20 hours. The two prices were read 46 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 -0.220% in total (about -11.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.49 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 | 1.0156 | 0.0393 | pay 0.0049% / 1h | 12m 11s | $202K | $400K | 10x |
| Short | dYdX SUI-USD | 1.0147 | 0 | get 0.0000% / 1h | 12m 11s | $95K | $257K | 10x |
Phoenix SUI
dYdX SUI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$82.49
- Price spread: −0.091% → −0.117%
- $2.57
- Slippage, 4 orders
- −$71.78
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$168.7
- Costs to cover
- 0.888%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 25 min ago; dYdX: live order book, 47 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, 25 min ago | 0.99 bp | 12.4 bp −$12 | 50.7 bp −$507 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 47 min ago | 27.03 bp | 32.0 bp −$32 | 145.3 bp −$1,453 | 175.9 bp −$17.6K | 196.3 bp −$98.1K |
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 | 1.0055 | −0.996% | $41K | $113K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0382% | 1h | 1.0141 | −0.147% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0288% | 1h | 1.0151 | −0.049% | $5K | $19K | 7x | as long as short |
| Bluefin SUI-PERP | −0.0114% | 1h | 1.0129 | −0.268% | $581K | $453K | 25x | as long as short |
| dYdX SUI-USDshort | 0.0000% | 1h | 1.0147 | −0.091% | $95K | $257K | 10x | |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0148 | −0.078% | $389K | $4.2M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0140 | −0.160% | $195K | $554K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0140 | −0.161% | $114K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0141 | −0.150% | $752K | $5.1M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0140 | −0.159% | $297K | $2.2M | 10x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
Bluefin SUI-PERP
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 | 1.0144 | −0.120% | $44K | $528K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0141 | −0.150% | $47K | $266K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0147 | −0.090% | $27K | $8K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0144 | −0.120% | $675K | $2.2M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0141 | −0.153% | $900K | $4.2M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0150 | −0.065% | $216K | $253K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0139 | −0.165% | $145.9M | $990.3M | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0133 | −0.226% | $97.5M | $309.3M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0134 | −0.219% | $40.8M | $367.1M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0150 | −0.061% | $43K | $324K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0147 | −0.087% | $232K | $7K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0138 | −0.179% | $167.8M | $82.5M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0138 | −0.179% | $117.3M | $290.2M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0139 | −0.169% | $50.9M | $52.1M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0131 | −0.248% | $66.9M | $168.1M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0136 | −0.199% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0135 | −0.209% | $667K | $1.3M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0144 | −0.121% | $2.4M | $3.4M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0146 | −0.104% | $163K | $4.3M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0147 | −0.086% | $442K | $7.1M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0147 | −0.091% | $205K | $370K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0152 | −0.041% | $122K | $533K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0161 | +0.047% | $3K | $1.6M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0138 | −0.179% | $5K | $1.7M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0137 | −0.189% | $633K | $18.3M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0142 | −0.140% | $11.7M | $28.2M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0133 | −0.233% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0141 | −0.153% | $38K | $11K | 3x | as long as short |
| Hyperliquid SUI | +0.0114% | 1h | 1.0146 | −0.100% | $73.1M | $77.8M | 10x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0119% | 1h | 1.0141 | −0.153% | $6.8M | $21.6M | 50x | as long as short |
| 01 Exchange SUIUSD | +0.0144% | 1h | 1.0149 | −0.071% | $8K | $3K | 10x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0156 | −0.002% | $7.6M | $24.4M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0328% | 1h | 1.0154 | −0.022% | $1.0M | $14.3M | 50x | as long as short |
| Phoenix SUIlong | +0.0393% | 1h | 1.0156 | long leg | $202K | $400K | 10x | |
| GMX SUI/USD [ETH-USDC] | L +0.0601% / S −0.0263% | 1h | 1.0139 | −0.171% | $933K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1257% | 1h | 1.0151 | −0.053% | $82K | $409K | 10x | as long as short |
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
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
Hyperliquid SUI
Kraken Futures PF_SUIUSD
01 Exchange SUIUSD
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD