Funding you earn now, next payment 02:00 UTC−0.0094%/8h= −10.3% APRnext payment −$0.12 per $10,000 · paid last 24h +0.004%
Price spread now: GMX against Phoenix−1.153%65s7-day average −0.070% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.041%+$4 on $10k
+Price spread, last 4 days (all we have)+1.136%+$114 · spread now −1.153%, 7d avg −0.070%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and GMX is 1.083% cheaper against Phoenix than usual: you would sell low and buy high (−$108 if the spread goes back to its 7-day average of −0.070%). Swap the legs. The two prices were read 65 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 | 1.0574 | 0.0362 | pay 0.0045% / 1h | 5m 34s | $215K | $561K | 10x |
| Short | GMX SUI/USD [ETH-USDC] | 1.0452 | L +0.0616% / S −0.0268% | get 0.0033% / 1h | 5m 34s | $965K | — | 100x |
Phoenix SUI
GMX SUI/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- −$19.75
- Price spread: −1.153% → −0.070%
- −$108.28
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$147.03
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 57 min ago; GMX: no order-book sample. Net counts fees only.
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, 57 min ago | 0.96 bp | 12.4 bp −$12 | 50.7 bp −$507 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.3542% | 1h | 1.0527 | −0.446% | $43K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0374% | 1h | 1.0457 | −1.106% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0264% | 1h | 1.0463 | −1.054% | $6K | $19K | 7x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0445 | −1.222% | $131K | $227K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0454 | −1.141% | $529K | $4.9M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0455 | −1.127% | $203K | $574K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0452 | −1.154% | $114K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0449 | −1.181% | $836K | $5.6M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0455 | −1.128% | $284K | $2.1M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0466 | −1.023% | $38K | $512K | 50x | 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 SUI
Popdex SUIUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0456 | −1.120% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0467 | −1.014% | $719K | $1.9M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0453 | −1.146% | $915K | $4.6M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0455 | −1.129% | $228K | $259K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0464 | −1.040% | $153.1M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0465 | −1.033% | $103.4M | $309.7M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0464 | −1.042% | $41.4M | $390.0M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0470 | −0.985% | $45K | $373K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0562 | −0.115% | $248K | $6K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0456 | −1.118% | $167.7M | $83.9M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0456 | −1.118% | $152.0M | $297.0M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0455 | −1.127% | $50.4M | $54.1M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0459 | −1.089% | $68.6M | $170.4M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0464 | −1.042% | — | $82.3M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0460 | −1.080% | $701K | $1.3M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0449 | −1.180% | $2.4M | $3.3M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0471 | −0.975% | $171K | $4.6M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0486 | −0.838% | $458K | $7.5M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0508 | −0.626% | $236K | $485K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0473 | −0.957% | $114K | $751K | 10x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0451 | −1.165% | $48K | $223K | 20x | as long as short |
| Bluefin SUI-PERP | +0.0100% | 1h | 1.0436 | −1.307% | $597K | $403K | 25x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0469 | −0.995% | $2K | $1.8M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0459 | −1.089% | $15K | $2.1M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0440 | −1.269% | $593K | $19.6M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0463 | −1.052% | $12.0M | $26.7M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0457 | −1.110% | $1.5M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0451 | −1.163% | $40K | $11K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0176% | 1h | 1.0471 | −0.976% | $9K | $3K | 10x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0176% | 1h | 1.0459 | −1.089% | $996K | $14.9M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0460 | −1.080% | $8.1M | $25.1M | 100x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0287% | 1h | 1.0463 | −1.051% | $6.9M | $27.0M | 50x | as long as short |
| Phoenix SUIlong | +0.0362% | 1h | 1.0574 | long leg | $215K | $561K | 10x | |
| GMX SUI/USD [ETH-USDC]short | L +0.0616% / S −0.0268% | 1h | 1.0452 | −1.153% | $965K | — | 100x | |
| Hyperliquid SUI | +0.0618% | 1h | 1.0468 | −1.004% | $76.1M | $81.9M | 10x | as long as short |
| Aftermath Perps SUIUSD | +0.1482% | 1h | 1.0525 | −0.461% | $84K | $391K | 10x | as long as short |
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-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
Bluefin SUI-PERP
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Phemex SUIUSDT
Extended SUI-USD
Aevo SUI-PERP
01 Exchange SUIUSD
Coinbase International SUI-PERP-INTX
BloFin SUI-USDT
Kraken Futures PF_SUIUSD
Hyperliquid SUI
Aftermath Perps SUIUSD