Funding you earn now, next payment 10:00 UTC−0.0154%/8h= −16.9% APRnext payment −$0.19 per $10,000 · paid last 24h −0.062%
Price spread now: Lighter RH against Phoenix−0.149%7-day average −0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$320.318% of the position
Funding, last 7 days−0.083%−$8 on $10k
+Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.149%, 7d avg −0.069%
=Together, before fees−0.096%+ Points / potential airdropLighter RH: Points live · farm board−$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Lighter RH is 0.080% cheaper against Phoenix than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.069%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SUI | 1.0128 | 0.0250 | pay 0.0031% / 1h | 4m 53s | $201K | $318K | 10x |
| Short | Lighter RH SUI | 1.0113 | 0.0096 | get 0.0012% / 1h | 4m 53s | $326K | $2.1M | 10x |
Phoenix SUI
Lighter RH SUIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$32.4
- Price spread: −0.149% → −0.069%
- −$7.98
- Slippage, 4 orders
- −$24.77
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$72.15
- Costs to cover
- 0.318%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 40 min ago; Lighter RH: live order book, 1 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, 40 min ago | 0.99 bp | 12.4 bp −$12 | 50.7 bp −$507 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 1 min ago | 1.78 bp | 5.2 bp −$5 | 13.8 bp −$138 | doesn't fit | doesn't fit |
SUI on 46 exchanges
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 | −0.3324% | 1h | 1.0013 | −1.134% | $41K | $113K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0386% | 1h | 1.0116 | −0.117% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0304% | 1h | 1.0119 | −0.089% | $5K | $16K | 7x | as long as short |
| Kraken Futures PF_SUIUSD | −0.0042% | 1h | 1.0113 | −0.146% | $6.9M | $19.3M | 50x | as long as short |
| Bluefin SUI-PERP | −0.0022% | 1h | 1.0097 | −0.304% | $581K | $402K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0107 | −0.206% | $91K | $357K | 10x | as long as short |
| 01 Exchange SUIUSD | 0.0000% | 1h | 1.0113 | −0.146% | $8K | $3K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0113 | −0.142% | $376K | $3.7M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0110 | −0.176% | $192K | $483K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0111 | −0.169% | $115K | — | 150x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
Kraken Futures PF_SUIUSD
Bluefin SUI-PERP
dYdX SUI-USD
01 Exchange SUIUSD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USDShow all 46 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter SUI | +0.0096% | 1h | 1.0113 | −0.149% | $738K | $4.5M | 10x | as long as short |
| Lighter RH SUIshort | +0.0096% | 1h | 1.0113 | −0.149% | $326K | $2.1M | 10x | |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0111 | −0.166% | $54K | $517K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0099% | 8h | 1.0108 | −0.196% | $55K | $700K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0108 | −0.193% | $26K | $2K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0109 | −0.186% | $664K | $2.0M | 10x | as long as short |
| Hyperliquid SUI | +0.0100% | 1h | 1.0118 | −0.093% | $72.4M | $62.0M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0119 | −0.088% | $906K | $3.4M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0113 | −0.146% | $213K | $203K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0120 | −0.078% | $142.6M | $858.8M | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0122 | −0.057% | $96.5M | $260.8M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0122 | −0.057% | $41.2M | $308.6M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0120 | −0.077% | $44K | $309K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0115 | −0.126% | $167.1M | $68.2M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0119 | −0.087% | $95.2M | $250.6M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0115 | −0.126% | $49.7M | $45.3M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0106 | −0.215% | $66.1M | $138.1M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0116 | −0.117% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0106 | −0.215% | $640K | $1.1M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0115 | −0.128% | $2.4M | $2.6M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0113 | −0.143% | $162K | $3.6M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0111 | −0.168% | $435K | $6.7M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0103 | −0.245% | $202K | $384K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0110 | −0.176% | $71K | $547K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0122 | −0.057% | $2K | $1.3M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0110 | −0.176% | $6K | $1.3M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0113 | −0.146% | $743K | $16.2M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0111 | −0.166% | $11.6M | $27.9M | 50x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0118 | −0.097% | $219K | $34K | 10x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0107 | −0.208% | $1.5M | $3.4M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0111 | −0.161% | $38K | $11K | 3x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0109 | −0.186% | $7.4M | $22.1M | 100x | as long as short |
| Phoenix SUIlong | +0.0250% | 1h | 1.0128 | long leg | $201K | $318K | 10x | |
| Coinbase International SUI-PERP-INTX | +0.0312% | 1h | 1.0119 | −0.087% | $989K | $10.7M | 50x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0606% / S −0.0268% | 1h | 1.0119 | −0.086% | $943K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0883% | 1h | 1.0116 | −0.112% | $92K | $387K | 10x | as long as short |
Lighter SUI
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
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
Bulk SUI-USD
Extended SUI-USD
Aevo SUI-PERP
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD