SUI-USD Perpetual Market
Sui is a high-performance Layer-1 blockchain built around parallel execution. This page tracks the SUI-USD perpetual market and points to live order-flow data as the source of truth.
What to watch on SUI-USD perps
- Order flow — aggression on the bid vs the ask and the size of resting liquidity show where the market is being absorbed.
- Funding rate — sustained positive funding means longs pay shorts; extremes often precede squeezes in either direction.
- Open interest — rising OI with flat price warns of a build-up that can liquidate violently.
- Volatility — implied moves and recent range help size a position and set stops.
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Frequently asked questions
What is SUI-USD?
Sui (SUI) is a high-performance Layer-1 blockchain built around parallel execution. SUI-USD is the perpetual futures contract on SUI, letting traders take leveraged long or short positions on its price without holding the underlying asset.
Can I go long or short on SUI-USD?
Both. SUI-USD is a perpetual, so traders can open leveraged long positions (betting SUI rises) or short positions (betting it falls) against one USDC-margined order book. Live long and short order flow for SUI-USD is on BULK at https://app.bulk.trade/trade/SUI-USD?ref=YETI.
Where can I trade SUI-USD perpetuals?
Live order flow and trading for SUI-USD are available on Bulk.Trade at app.bulk.trade/trade/SUI-USD?ref=YETI. Open your account through that link - it already carries code YETI - and your account is attached to BULK's referral program automatically, with referrer rewards paid weekly from BULK's AURA pool.
What moves the SUI-USD funding rate?
Funding on SUI-USD is driven by the gap between the perpetual's price and SUI's spot index. When the perpetual trades above spot, longs pay shorts; when it trades below, shorts pay longs. BULK settles funding every hour at the top of the hour, samples a depth-weighted premium rather than just the mid price, and the exchange takes no cut of the payment (docs.bulk.trade).
What does trading SUI-USD on BULK cost?
Trading SUI-USD on BULK costs taker fees from 3.5 bps (Tier 1) down by 14-day volume tier, with 0 bps base maker fees during the Phase 1 Genesis period and maker rebates up to -1.5 bps for qualifying makers. There is no separate liquidation fee, and fees settle per fill in USDC. Schedule: https://docs.bulk.trade/bulk-exchange/fees
How much leverage can I use on SUI-USD?
Leverage on SUI-USD is capped per market by BULK and can be set per symbol in account settings. Because BULK uses portfolio margining, a SUI position hedged against a correlated position can require meaningfully less margin than its isolated requirement. The live interface shows the current maximum for SUI-USD.
What should I watch before trading SUI-USD?
Order flow (aggression on the bid vs. ask), the funding rate, open interest, and recent volatility are the core signals to check before sizing a SUI-USD position. Rising open interest with an extreme funding rate is the classic setup for a squeeze in either direction.
Does code YETI work on the SUI-USD market?
Yes. The SUI-USD trading link on this page already carries code YETI (?ref=YETI) - open it and your account is attributed to BULK's referral program with nothing to copy or type. Referral rewards are distributed weekly from BULK's dedicated AURA pool; terms are set by BULK.
Sources & research
Independent BuiltOnBulk research referenced on this page.
- BULK markets list — Current markets and status.
- What is BULK Exchange? — Architecture, consensus and margin.
- Is BULK legit? — On-chain verification and risk assessment.
BuiltOnBulk is an independent analysis site, not BULK Exchange or this network. Technical claims there are verified against BULK's official docs (docs.bulk.trade).