Sui (SUI) Funding Rate

Sui Funding Rate Overview

The Sui (SUI) perpetual funding rate is a periodic payment exchanged between long and short holders of SUI perpetual futures contracts, designed to keep the perpetual price anchored to the underlying spot price. When SUI funding is positive, longs pay shorts — signalling bullish leveraged crowding. When negative, shorts pay longs — often during a capitulation or heavy hedging flow. Sharpe aggregates SUI funding rates from 13 exchanges with each exchange's rate normalized to annualized APR (APR = rate × 8,760 / interval_hours) so you can directly compare 1-hour rates from Hyperliquid against 8-hour rates from Binance, Bybit, and OKX.

About Sui Perpetual Funding

Sui (SUI) perpetual futures see $200M to $500M OI on Binance, Bybit, OKX, and Bitget. SUI funding has been among the most volatile top-30 coins since its mainnet launch (May 2023), reflecting Sui's rapid ecosystem growth (gaming, DeFi, consumer apps) and aggressive token unlock schedule. Baseline SUI funding runs 0.01% to 0.03% per 8h. SUI has native staking (~4-5% yield) but large ongoing foundation/team unlocks through 2027 create persistent structural short pressure. Sui gaming launches (MapleStory Universe, E4C), Scallop DeFi growth, and DeepBook/Cetus liquidity expansion drive event cycles. Mysten Labs announcements and Walrus decentralized storage launch (2024-2025) add funding event windows.

How to Read the SUI Funding Rate

SUI funding must be interpreted with unlock schedule context. Monthly SUI unlocks (~1% of circulating supply per month) create predictable 48-72h short pressure pre-unlock, followed by short-covering rallies post-unlock if demand holds. Binance SUI funding is the benchmark; Bybit typically runs 5-10 bps higher during retail euphoria. Funding above 0.08% per 8h has consistently marked near-term local tops given the unlock dilution offsetting speculative demand. Sui's consumer-app narrative (gaming, social) tends to produce multi-week sustained funding rallies when dApp DAUs grow; isolated funding spikes on Sui-specific news usually mean-revert within 7 days.

SUI Funding Rate Signals

Use the SUI funding rate as three separate signals. First, as a sentiment indicator: persistent 8-hour rates above 0.03% (~33% APR) often precede Sui corrections as leveraged longs crowd. Second, as a carry opportunity: hold long spot + short perp to collect the funding payment while staying delta-neutral — use Sharpe's arbitrage calculator to size the trade. Third, as a cross-exchange divergence signal: when Binance SUI funding diverges meaningfully from OKX or Hyperliquid, the positioning asymmetry often precedes a volatility expansion. Sharpe's funding rate terminal and leaderboard surface these divergences automatically.

Frequently Asked Questions

What is the current Sui funding rate?

As of 2026-05-07 03:41 UTC, Sui (SUI) is funding at 0.0091% on Binance (8-hour interval, 0.10% annualized). Sharpe tracks 12 venues for SUI — the highest SUI APR right now is 0.13% on KuCoin, the lowest is -0.16% on CoinEx. Open the table on this page for the full live cross-exchange comparison.

Which exchanges have the highest Sui funding rate?

As of 2026-05-07 03:41 UTC, the top three SUI funding venues by annualized APR are: KuCoin at 0.13%, BitMEX at 0.11%, Bybit at 0.11%. The bottom three (best for paying-side carry) are: CoinEx at -0.16%, Hyperliquid at -0.02%, Gate.io at 0.03%. Rankings rotate each settlement window — Sharpe's leaderboard sorts all 5,000+ perpetual pairs across 13 tracked exchanges by current rate or annualized APR.

How is the Sui funding rate calculated?

Exchange-calculated funding rates combine three inputs: the premium index (SUI perpetual price minus the spot reference index), the interest rate component (typically fixed at 0.01% per 8 hours), and a clamp function that caps the final rate at ±0.375% on most exchanges. The formula is: funding = clamp(premium_index + interest_rate, ±cap). Different exchanges use slightly different index sources, which explains the cross-venue rate differences.

What is the annualized APR on Sui funding?

APR = rate × (8,760 / interval_hours). For 8-hour funding (Binance, Bybit, OKX), a 0.01% rate annualizes to 10.95% APR. For 1-hour funding (Hyperliquid), the same 0.01% rate annualizes to 87.6% APR. Sharpe's table auto-normalizes every SUI funding rate to APR so you can rank yields across exchanges without manual conversion.

Does Sui funding rate arbitrage work?

Yes, when rates are high enough to overcome trading fees and execution slippage. The classic trade is long spot SUI + short SUI perp on the same exchange — you earn the funding rate each settlement while staying delta-neutral. Historical BTC and ETH funding rate arbitrage has yielded 10–40% annualized in bull markets. Use Sharpe's arbitrage calculator to size the trade with realistic fee and holding assumptions before execution.

Where does Sharpe get Sui funding rate data?

Sharpe fetches SUI funding rates via direct REST API calls to each of the 13 supported exchanges — no third-party aggregator dependency. Rates update on each exchange's settlement schedule (every 1 hour for Hyperliquid and dYdX v4, every 8 hours for Binance, Bybit, OKX, and most others). Historical data is stored for trend analysis and accumulated-carry calculations.