Funding you earn now, next payment 19:00 UTC−0.0200%/8hnext payment −$0.25 per $10,000 · paid last 24h −0.015%
Price spread now: Pacifica against Phoenix+0.011%7-day average −0.092% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$420.417% of the position
Funding, last 7 days+0.020%+$2 on $10k
+Price spread, last 3 days (all we have)−1.028%−$103 · spread now +0.011%, 7d avg −0.092%
=Together, before fees−1.008%+ Points / potential airdropPacifica: Active · farm board−$101 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Pacifica is 0.102% dearer against Phoenix than usual: you sell high and buy low (spread +0.011% now, against its 7-day average of −0.092%): +$10 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 41 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.020% in total (about 1.0% 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 | 1.0204 | 0.0300 | pay 0.0037% / 1h | 6m 55s | $184K | $576K | 10x |
| Short | Pacifica SUI | 1.0205 | 0.0100 | get 0.0013% / 1h | 6m 55s | $222K | $261K | 10x |
Phoenix SUI
Pacifica SUIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- −$41.99
- Price spread: +0.011% → −0.092%
- $10.24
- Slippage, 4 orders
- −$26.73
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$73.47
- Costs to cover
- 0.417%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 25 min ago; Pacifica: live order book, 25 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 | 12.3 bp −$12 | 50.7 bp −$507 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 25 min ago | 2.96 bp | 9.5 bp −$9 | doesn't fit | 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 | −0.3420% | 1h | 1.0092 | −1.097% | $41K | $42K | 12x | as long as short |
| Hibachi SUI/USDT-P | −0.0456% | 1h | 1.0207 | +0.027% | $6K | $19K | 7x | as long as short |
| Reya SUIRUSDPERP | −0.0364% | 1h | 1.0205 | +0.016% | $4K | $3K | 20x | as long as short |
| Bluefin SUI-PERP | −0.0113% | 1h | 1.0199 | −0.048% | $584K | $411K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0204 | +0.005% | $93K | $101K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0217 | +0.127% | $470K | $5.5M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0210 | +0.060% | $198K | $512K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0209 | +0.053% | $120K | — | 150x | as long as short |
| 01 Exchange SUIUSD | +0.0080% | 1h | 1.0210 | +0.060% | $8K | $8K | 10x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0208 | +0.037% | $803K | $5.9M | 10x | as long as short |
Injective SUI/USDC PERP
Hibachi SUI/USDT-P
Reya SUIRUSDPERP
Bluefin SUI-PERP
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
01 Exchange SUIUSD
Lighter SUIShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH SUI | +0.0096% | 1h | 1.0210 | +0.061% | $249K | $2.0M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0204 | +0.001% | $35K | $503K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0096% | 8h | 1.0206 | +0.021% | $44K | $390K | 20x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0204 | +0.006% | $599K | $1.4M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0209 | +0.050% | $1.0M | $4.6M | 75x | as long as short |
| Pacifica SUIshort | +0.0100% | 1h | 1.0205 | +0.011% | $222K | $261K | 10x | |
| Binance SUIUSDT | +0.0100% | 8h | 1.0205 | +0.012% | $151.7M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0208 | +0.040% | $105.1M | $306.3M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0202 | −0.019% | $41.5M | $384.1M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0210 | +0.060% | $96K | $249K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0191 | −0.128% | $240K | −$0 | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0204 | +0.001% | $165.6M | $81.3M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0205 | +0.011% | $150.7M | $288.9M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0207 | +0.030% | $52.0M | $48.6M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0201 | −0.028% | $69.9M | $169.8M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0206 | +0.021% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0207 | +0.030% | $643K | $1.1M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0211 | +0.074% | $2.3M | $2.8M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0196 | −0.074% | $166K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0202 | −0.019% | $441K | $6.9M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0199 | −0.048% | $244K | $448K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0212 | +0.079% | $107K | $811K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0218 | +0.138% | $3K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0206 | +0.021% | $6K | $2.4M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0202 | −0.019% | $631K | $18.9M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0205 | +0.011% | $11.4M | $23.8M | 50x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0207 | +0.027% | $27K | $9K | 30x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0204 | +0.003% | $1.5M | $3.8M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0206 | +0.018% | $48K | $38K | 3x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0216% | 1h | 1.0212 | +0.079% | $1.0M | $14.2M | 50x | as long as short |
| Hyperliquid SUI | +0.0217% | 1h | 1.0214 | +0.099% | $73.4M | $83.3M | 10x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0209 | +0.050% | $8.2M | $23.2M | 100x | as long as short |
| Phoenix SUIlong | +0.0300% | 1h | 1.0204 | long leg | $184K | $576K | 10x | |
| Kraken Futures PF_SUIUSD | +0.0424% | 1h | 1.0212 | +0.081% | $6.9M | $23.8M | 50x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0595% / S −0.0225% | 1h | 1.0209 | +0.046% | $744K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0878% | 1h | 1.0214 | +0.096% | $121K | $363K | 10x | as long as short |
Lighter RH SUI
Popdex SUIUSDT
Orderly PERP_SUI_USDC
Nado SUI-PERP
Aster SUIUSDT
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
Paradex SUI-USD-PERP
Extended SUI-USD
Aevo SUI-PERP
Coinbase International SUI-PERP-INTX
Hyperliquid SUI
BloFin SUI-USDT
Kraken Futures PF_SUIUSD
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD