SUI

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0335%/8h= +36.6% APRnext payment +$0.42 per $10,000 · paid last 24h +0.050%

Price spread now: Phoenix against Popdex+0.143%54s7-day average +0.101% · 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—prices read too far apart to compare

costs, in and out, $10k−$410.408% of the position

Long on Popdex Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.075%+$7 on $10k

Price spread, last 4 days (all we have)+0.029%+$3 · spread now +0.143%, 7d avg +0.101%

Together, before fees+0.104%+$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Phoenix is 0.041% dearer against Popdex than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.101%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.075% in total (about 7.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.42 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	Popdex SUIUSDT	1.0162	0.0096	pay 0.0012% / 1h	48m 22s	$34K	$546K	50x
Short	Phoenix SUI	1.0176	0.0431	get 0.0054% / 1h	48m 22s	$202K	$413K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Popdex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PopdexbpFee PhoenixbpOrdersPrice spread, now +0.143%Rate

Funding earned: $70.26
Price spread: +0.143% → +0.101%: $4.13
Slippage, 4 orders: −$27.37
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $33.61
Costs to cover: 0.408%
Break-even: 3.7 days

Slippage from Popdex: live order book, 61 min ago; Phoenix: live order book, 59 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 Popdex live order book, 61 min ago	2.05 bp	8.1 bp −$8	24.3 bp −$243	doesn't fit	doesn't fit
Sell Phoenix live order book, 59 min ago	0.98 bp	12.4 bp −$12	43.0 bp −$430	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	−0.3536%	1h	1.0119	−0.423%	$42K	$113K	12x	as long as short
Reya SUIRUSDPERP	−0.0379%	1h	1.0154	−0.079%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0184%	1h	1.0186	+0.237%	$5K	$21K	7x	as long as short
Bluefin SUI-PERP	−0.0018%	1h	1.0146	−0.157%	$582K	$430K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0169	+0.072%	$95K	$294K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0187	+0.244%	$376K	$4.9M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0159	−0.030%	$195K	$563K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0156	−0.054%	$115K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0161	−0.007%	$789K	$5.3M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0175	+0.131%	$297K	$2.2M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex SUIUSDTlong	+0.0096%	1h	1.0162	long leg	$34K	$546K	50x
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0158	−0.039%	$47K	$208K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0172	+0.096%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0155	−0.069%	$536K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0161	−0.009%	$897K	$4.3M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0176	+0.140%	$217K	$264K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0159	−0.034%	$145.5M	$1.05B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0156	−0.060%	$99.6M	$320.5M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0157	−0.049%	$40.8M	$388.8M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0170	+0.079%	$43K	$329K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0165	+0.030%	$239K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0156	−0.059%	$165.6M	$82.8M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0158	−0.039%	$151.5M	$290.8M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0160	−0.020%	$49.7M	$53.5M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0155	−0.069%	$67.0M	$177.0M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0158	−0.039%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0177	+0.148%	$670K	$1.4M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0168	+0.057%	$2.4M	$3.5M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0172	+0.095%	$164K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0176	+0.140%	$442K	$7.5M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0167	+0.049%	$223K	$417K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0164	+0.020%	$130K	$646K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0171	+0.089%	$2K	$1.7M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0160	−0.020%	$7K	$1.9M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0155	−0.069%	$621K	$19.1M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0161	−0.010%	$11.7M	$28.0M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0154	−0.076%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0163	+0.009%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0200%	1h	1.0161	−0.010%	$9K	$2K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0174	+0.118%	$7.6M	$24.8M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0280%	1h	1.0188	+0.256%	$1.0M	$14.9M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0365%	1h	1.0163	+0.005%	$6.8M	$25.0M	50x	as long as short
Phoenix SUIshort	+0.0431%	1h	1.0176	+0.143%	$202K	$413K	10x
GMX SUI/USD [ETH-USDC]	L +0.0603% / S −0.0264%	1h	1.0157	−0.049%	$936K	—	100x	as long as short
Hyperliquid SUI	+0.0667%	1h	1.0173	+0.108%	$74.1M	$82.3M	10x	as long as short
Aftermath Perps SUIUSD	+0.1438%	1h	1.0182	+0.193%	$82K	$409K	10x	as long as short