Funding you earn now, next payment 00:00 UTC−0.0199%/8h= −21.8% APRnext payment −$0.25 per $10,000 · paid last 24h −0.030%
Price spread now: Nado against Phoenix−0.870%7-day average −0.082% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$410.412% of the position
Funding, last 3 days (all we have)−0.052%−$5 on $10k
+Price spread, last 3 days (all we have)+0.875%+$88 · spread now −0.870%, 7d avg −0.082%
=Together, before fees+0.824%+ Points / potential airdropNado: Active · farm board+$82 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Nado is 0.788% cheaper against Phoenix than usual: you would sell low and buy high (−$79 if the spread goes back to its 7-day average of −0.082%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.052% in total (about -5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.25 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 | 1.0721 | 0.0299 | pay 0.0037% / 1h | 3m 12s | $212K | $590K | 10x |
| Short | Nado SUI-PERP | 1.0628 | 0.0100 | get 0.0012% / 1h | 3m 12s | $697K | $1.5M | 10x |
Phoenix SUI
Nado SUI-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$41.76
- Price spread: −0.870% → −0.082%
- −$78.79
- Slippage, 4 orders
- −$27.17
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$161.71
- Costs to cover
- 0.412%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 4 min ago; Nado: live order book, just now.
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, 4 min ago | 1.02 bp | 12.3 bp −$12 | 50.6 bp −$506 | doesn't fit | doesn't fit |
| Sell Nado live order book, just now | 0.47 bp | 9.3 bp −$9 | 27.4 bp −$274 | 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 | −0.3416% | 1h | 1.0537 | −1.719% | $43K | $123K | 12x | as long as short |
| Hibachi SUI/USDT-P | −0.0496% | 1h | 1.0723 | +0.012% | $6K | $18K | 7x | as long as short |
| Bluefin SUI-PERP | −0.0455% | 1h | 1.0622 | −0.926% | $610K | $416K | 25x | as long as short |
| Reya SUIRUSDPERP | −0.0371% | 1h | 1.0618 | −0.960% | $4K | $3K | 20x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0631 | −0.842% | $97K | $171K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0631 | −0.839% | $585K | $4.9M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0641 | −0.749% | $207K | $580K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0639 | −0.771% | $114K | — | 150x | as long as short |
| Phemex SUIUSDT | +0.0007% | 8h | 1.0623 | −0.917% | $11.9M | $25.3M | 50x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0038% | 1h | 1.0633 | −0.821% | $7.2M | $24.3M | 50x | as long as short |
Injective SUI/USDC PERP
Hibachi SUI/USDT-P
Bluefin SUI-PERP
Reya SUIRUSDPERP
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Phemex SUIUSDT
Kraken Futures PF_SUIUSDShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUIUSD | +0.0040% | 1h | 1.0625 | −0.898% | $9K | $9K | 10x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0630 | −0.850% | $829K | $5.9M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0637 | −0.783% | $287K | $2.1M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0628 | −0.870% | $34K | $478K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0099% | 8h | 1.0632 | −0.833% | $50K | $308K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0696 | −0.235% | $28K | $9K | 30x | as long as short |
| Nado SUI-PERPshort | +0.0100% | 1h | 1.0628 | −0.870% | $697K | $1.5M | 10x | |
| Aster SUIUSDT | +0.0100% | 8h | 1.0636 | −0.796% | $1.0M | $4.8M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0630 | −0.853% | $232K | $259K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0630 | −0.852% | $156.6M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0635 | −0.805% | $105.8M | $308.2M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0636 | −0.796% | $42.1M | $398.3M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0620 | −0.945% | $47K | $380K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0760 | +0.365% | $253K | $3K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0637 | −0.786% | $173.3M | $84.3M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0635 | −0.805% | $154.3M | $304.0M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0636 | −0.796% | $51.6M | $53.3M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0645 | −0.712% | $69.4M | $169.7M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0649 | −0.674% | — | $82.1M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0642 | −0.740% | $665K | $1.1M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0709 | −0.119% | $2.4M | $3.2M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0747 | +0.238% | $176K | $4.6M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0702 | −0.183% | $464K | $7.5M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0704 | −0.161% | $238K | $491K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0638 | −0.777% | $123K | $744K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0635 | −0.805% | $2K | $1.8M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0635 | −0.805% | $6K | $2.2M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0634 | −0.814% | $661K | $19.3M | 75x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0632 | −0.832% | $1.5M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0640 | −0.754% | $40K | $16K | 3x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0200% | 1h | 1.0643 | −0.730% | $1.0M | $14.9M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0632 | −0.833% | $8.2M | $25.8M | 100x | as long as short |
| Phoenix SUIlong | +0.0299% | 1h | 1.0721 | long leg | $212K | $590K | 10x | |
| Hyperliquid SUI | +0.0427% | 1h | 1.0639 | −0.768% | $76.8M | $79.6M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0639% / S −0.0332% | 1h | 1.0635 | −0.807% | $940K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0864% | 1h | 1.0716 | −0.047% | $79K | $379K | 10x | as long as short |
01 Exchange SUIUSD
Lighter SUI
Lighter RH SUI
Popdex SUIUSDT
Orderly PERP_SUI_USDC
Paradex SUI-USD-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
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Extended SUI-USD
Aevo SUI-PERP
Coinbase International SUI-PERP-INTX
BloFin SUI-USDT
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD