Funding you earn now, next payment 00:00 UTC−0.0199%/8h= −21.8% APRpaid last 24h −0.030%
Price spread now: OKX against Phoenix−0.189%7-day average −0.113% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$400.403% of the position
Funding, last 7 days−0.034%−$3 on $10k
+Price spread, last 3 days (all we have)+0.046%+$5 · spread now −0.189%, 7d avg −0.113%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and OKX is 0.076% cheaper against Phoenix than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.113%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.034% in total (about -1.8% a year). A funding rate is set anew for every payment. 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 | 4m 58s | $212K | $590K | 10x |
| Short | OKX SUI-USDT-SWAP | 1.0701 | 0.0100 | get 0.0100% / 8h | 7h 04m | $42.6M | $399.3M | 50x |
Phoenix SUI
OKX SUI-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: −0.189% → −0.113%
- −$7.65
- Slippage, 4 orders
- −$23.3
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$89.71
- Costs to cover
- 0.403%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 68 min ago; OKX: live order book, 4 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, 68 min ago | 0.96 bp | 12.3 bp −$12 | 50.6 bp −$506 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 0.46 bp | 8.4 bp −$8 | 14.6 bp −$146 | 36.7 bp −$3,670 | 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 | −0.0512% | 1h | 1.0714 | −0.070% | $6K | $18K | 7x | as long as short |
| Bluefin SUI-PERP | −0.0455% | 1h | 1.0702 | −0.180% | $614K | $414K | 25x | as long as short |
| Reya SUIRUSDPERP | −0.0371% | 1h | 1.0700 | −0.203% | $4K | $3K | 20x | as long as short |
| Phemex SUIUSDT | −0.0131% | 8h | 1.0707 | −0.133% | $12.0M | $25.3M | 50x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0706 | −0.143% | $98K | $171K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0719 | −0.024% | $589K | $4.9M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0722 | +0.007% | $208K | $581K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0717 | −0.044% | $115K | — | 150x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0037% | 1h | 1.0715 | −0.055% | $7.3M | $24.2M | 50x | as long as short |
Injective SUI/USDC PERP
Hibachi SUI/USDT-P
Bluefin SUI-PERP
Reya SUIRUSDPERP
Phemex SUIUSDT
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Kraken Futures PF_SUIUSDShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUIUSD | +0.0048% | 1h | 1.0708 | −0.124% | $9K | $9K | 10x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0708 | −0.125% | $835K | $5.9M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0708 | −0.124% | $289K | $2.1M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0701 | −0.189% | $34K | $477K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0099% | 8h | 1.0716 | −0.049% | $50K | $308K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0764 | +0.400% | $28K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0701 | −0.185% | $700K | $1.5M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0711 | −0.094% | $1.1M | $4.8M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0711 | −0.096% | $234K | $259K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0701 | −0.189% | $157.6M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0706 | −0.143% | $106.6M | $307.9M | 50x | as long as short |
| OKX SUI-USDT-SWAPshort | +0.0100% | 8h | 1.0701 | −0.189% | $42.6M | $399.3M | 50x | |
| Arcus SUI-USD | +0.0100% | 1h | 1.0710 | −0.105% | $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 | 1.0704 | −0.161% | $174.3M | $84.1M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0718 | −0.031% | $155.7M | $303.3M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0702 | −0.180% | $52.0M | $53.3M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0700 | −0.199% | $69.8M | $169.4M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0703 | −0.171% | — | $82.1M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0704 | −0.161% | $671K | $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 | 1.0784 | +0.589% | $470K | $7.4M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0796 | +0.697% | $240K | $490K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0714 | −0.068% | $123K | $747K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0726 | +0.044% | $2K | $1.8M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0713 | −0.077% | $6K | $2.3M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0716 | −0.049% | $671K | $19.2M | 75x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0699 | −0.208% | $1.5M | $4.0M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0723 | +0.019% | $41K | $16K | 3x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0200% | 1h | 1.0712 | −0.087% | $1.0M | $14.9M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0708 | −0.124% | $8.2M | $25.9M | 100x | as long as short |
| Phoenix SUIlong | +0.0299% | 1h | 1.0721 | long leg | $212K | $590K | 10x | |
| Hyperliquid SUI | +0.0435% | 1h | 1.0718 | −0.031% | $77.5M | $79.4M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0642% / S −0.0332% | 1h | 1.0716 | −0.050% | $948K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0881% | 1h | 1.0731 | +0.087% | $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
Nado SUI-PERP
Aster SUIUSDT
Pacifica SUI
Binance SUIUSDT
Bybit SUIUSDT
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