Funding you earn now, next payment 22:00 UTC−0.0148%/8h= −16.2% APRpaid last 24h −0.088%
Price spread now: Phemex against Coinbase International+0.068%7-day average −0.099% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$440.436% of the position
Funding, last 7 days−0.453%−$45 on $10k
+Price spread, last 3 days (all we have)−0.105%−$11 · spread now +0.068%, 7d avg −0.099%
=The price spread pays, funding is against you. Phemex is 0.167% dearer against Coinbase International than usual: you sell high and buy low (spread +0.068% now, against its 7-day average of −0.099%): +$17 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SUI-PERP-INTX | 1.0269 | 0.0248 | pay 0.0031% / 1h | 34m 14s | $981K | $13.8M | 50x |
| Short | Phemex SUIUSDT | 1.0276 | 0.0100 | get 0.0100% / 8h | 1h 34m | $11.5M | $24.7M | 50x |
Coinbase International SUI-PERP-INTX
Phemex SUIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$31.08
- Price spread: +0.068% → −0.099%
- $16.73
- Slippage, 4 orders
- −$21.59
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$57.94
- Costs to cover
- 0.436%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 5 min ago; Phemex: live order book, 5 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 Coinbase International live order book, 5 min ago | 3.39 bp | 10.0 bp −$10 | 16.6 bp −$166 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 1.94 bp | 9.2 bp −$9 | 21.7 bp −$217 | 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 | −0.2926% | 1h | 1.0133 | −1.324% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0368% | 1h | 1.0242 | −0.259% | $4K | $3K | 20x | as long as short |
| Bluefin SUI-PERP | −0.0146% | 1h | 1.0264 | −0.049% | $588K | $406K | 25x | as long as short |
| Hibachi SUI/USDT-P | −0.0120% | 1h | 1.0264 | −0.053% | $6K | $18K | 7x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0250 | −0.186% | $93K | $66K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0265 | −0.034% | $458K | $5.5M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0274 | +0.049% | $190K | $562K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0002% | 1h | 1.0268 | −0.010% | $119K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0281 | +0.114% | $790K | $5.9M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0256 | −0.125% | $258K | $2.0M | 10x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Bluefin SUI-PERP
Hibachi SUI/USDT-P
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Lighter SUI
Lighter RH SUIShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex SUIUSDT | +0.0096% | 1h | 1.0241 | −0.273% | $37K | $503K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0098% | 8h | 1.0276 | +0.068% | $45K | $371K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0251 | −0.178% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0247 | −0.209% | $596K | $1.3M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0242 | −0.261% | $1.0M | $4.5M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0252 | −0.170% | $223K | $262K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0254 | −0.148% | $151.3M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0270 | +0.012% | $103.0M | $307.4M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0275 | +0.058% | $41.0M | $384.2M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0250 | −0.185% | $148K | $284K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0303 | +0.328% | $242K | $2K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0251 | −0.175% | $164.8M | $80.7M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0243 | −0.253% | $148.8M | $295.7M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0237 | −0.312% | $51.5M | $52.1M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0273 | +0.039% | $67.7M | $168.5M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0267 | −0.019% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0258 | −0.107% | $650K | $1.1M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0282 | +0.130% | $2.3M | $2.8M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0284 | +0.150% | $166K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0280 | +0.111% | $445K | $7.0M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0301 | +0.312% | $234K | $441K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0250 | −0.185% | $106K | $790K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0255 | −0.136% | $2K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0282 | +0.127% | $6K | $2.4M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0280 | +0.107% | $631K | $18.7M | 75x | as long as short |
| Phemex SUIUSDTshort | +0.0100% | 8h | 1.0276 | +0.068% | $11.5M | $24.7M | 50x | |
| Extended SUI-USD | +0.0104% | 1h | 1.0274 | +0.050% | $1.4M | $3.8M | 50x | as long as short |
| 01 Exchange SUIUSD | +0.0104% | 1h | 1.0238 | −0.302% | $9K | $9K | 10x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0279 | +0.102% | $49K | $37K | 3x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0260 | −0.088% | $7.9M | $23.8M | 100x | as long as short |
| Coinbase International SUI-PERP-INTXlong | +0.0248% | 1h | 1.0269 | long leg | $981K | $13.8M | 50x | |
| Kraken Futures PF_SUIUSD | +0.0295% | 1h | 1.0294 | +0.240% | $7.2M | $24.2M | 50x | as long as short |
| Phoenix SUI | +0.0346% | 1h | 1.0319 | +0.490% | $204K | $574K | 10x | as long as short |
| Hyperliquid SUI | +0.0479% | 1h | 1.0254 | −0.146% | $73.1M | $81.0M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0636% / S −0.0309% | 1h | 1.0263 | −0.055% | $894K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0714% | 1h | 1.0278 | +0.085% | $94K | $381K | 10x | as long as short |
Popdex SUIUSDT
Orderly PERP_SUI_USDC
Paradex SUI-USD-PERP
Nado SUI-PERP
Aster SUIUSDT
Pacifica SUI
Binance SUIUSDT
Bybit SUIUSDT
OKX SUI-USDT-SWAP
Arcus SUI-USD
Bulk SUI-USD
Gate SUI_USDT
MEXC SUI_USDT
KuCoin SUIUSDTM
Bitget SUIUSDT
BingX SUI-USDC
Backpack SUI_USDC_PERP
Variational Omni SUI
edgeX SUIUSDC
GRVT SUI_USDT_Perp
ApeX Omni SUIUSDT
Polymarket Perps SUI-USD
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Extended SUI-USD
01 Exchange SUIUSD
Aevo SUI-PERP
BloFin SUI-USDT
Kraken Futures PF_SUIUSD
Phoenix SUI
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD