SUI Perpetual Futures

The open-interest-weighted SUI funding rate is -0.0045% per 8 hours, or -4.95% annualised. Negative funding means shorts pay longs. Across exchanges it ranges from -0.0147% on WhiteBIT to +0.0065% on Bitget. Compare all funding rates.

SUI perpetual open interest is $666.99M (719.25M SUI), down 1.77% in 24 hours. Gate.io holds the most at $120.69M. That is 17.46% of Sui's market cap.

Sui is a proof-of-stake layer 1 blockchain developed by Mysten Labs. It runs smart contracts written in Move and treats on-chain assets as objects, which lets many unrelated transactions execute in parallel. SUI is the native token used for gas fees and staking.

Sui perps traded $497.50M in the last 24 hours, -58.49% on the day before. Binance leads with 35%, followed by MEXC ($61.42M) and OKX ($57.11M).

Over the last 24 hours 50.0% of accounts are long and 50.0% short, a long/short ratio of 1.00. See the long/short ratio by exchange.

Scheduled unlocks add new supply to the market, and traders often position ahead of them. That can push funding lower and lift short open interest in the days before a large release. Watching open interest alongside the unlock calendar helps separate hedging from fresh selling.

Both chains grew out of Meta's Diem project and use the Move language. Sui stores assets as independent objects, which allows simple transfers to skip full consensus ordering, while Aptos uses an account-based model with parallel execution. The two tokens are often compared, and APT perps offer a direct read on the rival chain.

$503.4K of SUI positions were liquidated in 24 hours, $467.3K longs and $36.2K shorts. Binance saw the most at $223.9K. See where liquidations cluster.

Yes, SUI trades as a perpetual on Hyperliquid as well as on centralised exchanges such as Binance, OKX and Bybit. Hyperliquid settles in USDC and pays funding every hour, so its funding rate and open interest can differ from USDT-margined contracts elsewhere.

SUI perpetual futures are derivatives contracts that track the price of SUI and never expire. Instead of settling on a date, they use a funding rate to stay close to the spot price. You can go long or short with leverage without holding any SUI.

Funding is a payment between longs and shorts. When SUI perps trade above the index price, funding is positive and longs pay shorts. When they trade below it, shorts pay longs. Most exchanges settle every 8 hours and some, including Hyperliquid, settle every hour.

SUI perps trade on 12 tracked exchanges. By volume the largest are Binance, MEXC and OKX. Compare fees and features on the best perpetual exchanges.

Coinperps does not give trading advice. Funding, open interest, the long/short ratio and liquidations show how other traders are positioned, but crowded positioning can last longer than expected. Size positions so a liquidation would not hurt you.