What is Sui?
Sui is a layer 1 blockchain created by Mysten Labs, a team that includes former Meta engineers, and its mainnet launched in 2023. It uses the Move programming language and processes many transactions in parallel. The SUI token pays gas fees, is staked to secure the network through proof of stake, and is used for governance.
The SUI perpetual tracks the price of Sui, settles in USDC and never expires. It trades on Hyperliquid's main exchange. You can go long or short with up to 10× leverage, around the clock.
Contract details
- Market
SUI, main exchange- Tracks
- The price of Sui
- Settlement
- USDC, no expiry
- Leverage
- 10× up to $20.00M, 5× above $20.00M
- Margin
- Cross or isolated
- Size step
- 0.1 SUI
- Funding
- Paid every hour
- Fees on Hypurr Desk
- 0.07% market, 0.04% limit
- Trading hours
- Around the clock, every day
Size a SUI trade from its stop
Hypurr Desk asks where your stop goes and how much of your account you are willing to lose there, then works out the size. An example at 0.90216, from when this page was built:
- Account
- $1,000.00
- Risk
- 1% = $10.00
- Stop
- 2% below entry, at 0.88412
- Size
- 518.3 SUI ($467.59)
- Loss at the stop, fees included
- $10.00
- Leverage
- 10× cross, $46.76 margin
The stop sets the loss, not the leverage: leverage only decides how much margin the position ties up. Move the stop and the size follows, so a wider stop means a smaller position and the same loss. The stop is placed on the exchange with the entry. How risk sizing works.
Questions about SUI
What is the maximum leverage on SUI?
10×. Larger positions get less: above $20.00M the maximum is 5×. Hypurr Desk sizes each order from your stop, so the leverage follows from how much you choose to risk.
How often is funding paid on SUI?
Every hour. When the rate is positive, longs pay shorts; when it is negative, shorts pay longs. The current rate is shown at the top of this page.
What does it cost to trade SUI on Hypurr Desk?
At the exchange's base tier, 0.07% of the position value for market orders and 0.04% for limit orders that rest on the book, including the 0.025% Hypurr Desk fee. There is no subscription and no sign-up.
Do I own SUI when I trade this market?
No. A perpetual tracks the price of Sui and settles gains and losses in USDC. You never hold the coins, and positions can be closed out if losses use up their margin.
