Funding you earn now, next payment 22:00 UTC−0.0246%/8h= −26.9% APRnext payment −$0.31 per $10,000 · paid last 24h −0.024%
Price spread now: SoDEX against Phoenix+0.021%7-day average −0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$430.425% of the position
Funding, last 3 days (all we have)−0.047%−$5 on $10k
+Price spread, last 3 days (all we have)+0.112%+$11 · spread now +0.021%, 7d avg −0.077%
=The price spread pays, funding is against you. SoDEX is 0.099% dearer against Phoenix than usual: you sell high and buy low (spread +0.021% now, against its 7-day average of −0.077%): +$10 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 32 hours. At the pace of the last 3 days (−0.047% in total) that is about 6.4 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.047% in total (about -5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.31 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 | 1.0295 | 0.0346 | pay 0.0043% / 1h | 44m 55s | $204K | $574K | 10x |
| Short | SoDEX SUI-USD | 1.0297 | 0.0100 | get 0.0013% / 1h | 44m 55s | $6K | $2.4M | 10x |
Phoenix SUI
SoDEX SUI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- −$51.56
- Price spread: +0.021% → −0.077%
- $9.85
- Slippage, 4 orders
- −$27.51
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$84.22
- Costs to cover
- 0.425%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 38 min ago; SoDEX: 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, 38 min ago | 0.98 bp | 12.3 bp −$12 | 50.5 bp −$505 | doesn't fit | doesn't fit |
| Sell SoDEX live order book, 4 min ago | 0.97 bp | 7.0 bp −$7 | 18.5 bp −$185 | 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 | −0.2926% | 1h | 1.0133 | −1.572% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0367% | 1h | 1.0296 | +0.009% | $4K | $3K | 20x | as long as short |
| Bluefin SUI-PERP | −0.0204% | 1h | 1.0286 | −0.085% | $590K | $405K | 25x | as long as short |
| Hibachi SUI/USDT-P | −0.0072% | 1h | 1.0279 | −0.154% | $6K | $18K | 7x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0299 | +0.040% | $94K | $66K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0301 | +0.064% | $458K | $5.5M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0300 | +0.051% | $188K | $547K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0002% | 1h | 1.0298 | +0.034% | $119K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0299 | +0.046% | $793K | $5.9M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0303 | +0.077% | $254K | $2.0M | 10x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Bluefin SUI-PERP
Hibachi SUI/USDT-P
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Lighter SUI
Lighter RH SUIShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex SUIUSDT | +0.0096% | 1h | 1.0298 | +0.031% | $37K | $503K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0098% | 8h | 1.0299 | +0.041% | $45K | $375K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0298 | +0.031% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0296 | +0.012% | $599K | $1.3M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0298 | +0.035% | $1.0M | $4.5M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0299 | +0.041% | $224K | $262K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0301 | +0.060% | $152.1M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0301 | +0.059% | $103.2M | $307.0M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0299 | +0.041% | $41.0M | $385.1M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0300 | +0.051% | $149K | $286K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0236 | −0.574% | $241K | $2K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0300 | +0.051% | $165.9M | $80.5M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0301 | +0.060% | $148.6M | $294.5M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0296 | +0.012% | $51.8M | $52.2M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0296 | +0.012% | $67.8M | $168.7M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0300 | +0.051% | — | $81.8M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0294 | −0.008% | $654K | $1.2M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0276 | −0.187% | $2.3M | $2.8M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0276 | −0.185% | $166K | $4.4M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0271 | −0.232% | $447K | $7.0M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0284 | −0.105% | $233K | $446K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0305 | +0.099% | $106K | $787K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0309 | +0.138% | $2K | $1.9M | 30x | as long as short |
| SoDEX SUI-USDshort | +0.0100% | 1h | 1.0297 | +0.021% | $6K | $2.4M | 10x | |
| HTX SUI-USDT | +0.0100% | 8h | 1.0295 | +0.002% | $628K | $18.7M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0295 | +0.002% | $11.5M | $24.6M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0300 | +0.046% | $1.5M | $3.8M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0300 | +0.055% | $49K | $37K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0112% | 1h | 1.0299 | +0.041% | $9K | $9K | 10x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0295 | +0.002% | $8.0M | $23.9M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0248% | 1h | 1.0305 | +0.099% | $980K | $13.9M | 50x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0295% | 1h | 1.0301 | +0.064% | $7.2M | $24.2M | 50x | as long as short |
| Phoenix SUIlong | +0.0346% | 1h | 1.0295 | long leg | $204K | $574K | 10x | |
| Hyperliquid SUI | +0.0433% | 1h | 1.0314 | +0.187% | $73.4M | $81.4M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0638% / S −0.0309% | 1h | 1.0297 | +0.024% | $899K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0663% | 1h | 1.0270 | −0.240% | $94K | $384K | 10x | as long as short |
Popdex SUIUSDT
Orderly PERP_SUI_USDC
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
SunX SUI-USDT
HTX SUI-USDT
Phemex SUIUSDT
Extended SUI-USD
Aevo SUI-PERP
01 Exchange SUIUSD
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Kraken Futures PF_SUIUSD
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD