Funding you earn now, next payment 23:00 UTC+0.0103%/8h= +11.3% APRnext payment +$0.13 per $10,000 · paid last 24h −0.055%
Price spread now: Phoenix against Coinbase International+0.063%7-day average −0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$530.529% of the position
Funding, last 7 days−0.371%−$37 on $10k
+Price spread, last 3 days (all we have)−0.177%−$18 · spread now +0.063%, 7d avg −0.034%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phoenix is 0.097% dearer against Coinbase International than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.034%. Mind the row above: over the last 7 days funding on this pair cost −0.371%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SUI-PERP-INTX | 1.0395 | 0.0224 | pay 0.0028% / 1h | 2m 51s | $1.0M | $14.1M | 50x |
| Short | Phoenix SUI | 1.0401 | 0.0327 | get 0.0041% / 1h | 2m 51s | $206K | $593K | 10x |
Coinbase International SUI-PERP-INTX
Phoenix SUIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $21.6
- Price spread: +0.063% → −0.034%
- $9.67
- Slippage, 4 orders
- −$35.9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$21.63
- Costs to cover
- 0.529%
- Break-even
- 14.0 days
Slippage from Coinbase International: live order book, 1 min ago; Phoenix: live order book, 10 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, 1 min ago | 6.25 bp | 16.2 bp −$16 | 22.6 bp −$226 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 10 min ago | 0.96 bp | 12.3 bp −$12 | 42.9 bp −$429 | 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 | −0.3474% | 1h | 1.0288 | −1.029% | $42K | $123K | 12x | as long as short |
| Hibachi SUI/USDT-P | −0.0376% | 1h | 1.0390 | −0.045% | $6K | $19K | 7x | as long as short |
| Reya SUIRUSDPERP | −0.0370% | 1h | 1.0390 | −0.052% | $4K | $3K | 20x | as long as short |
| Bluefin SUI-PERP | −0.0062% | 1h | 1.0380 | −0.144% | $595K | $406K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0393 | −0.024% | $95K | $175K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0397 | +0.019% | $464K | $5.2M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0395 | 0.000% | $202K | $587K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0002% | 1h | 1.0393 | −0.017% | $120K | — | 150x | as long as short |
| 01 Exchange SUIUSD | +0.0088% | 1h | 1.0392 | −0.029% | $9K | $9K | 10x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0393 | −0.022% | $799K | $5.9M | 10x | as long as short |
Injective SUI/USDC PERP
Hibachi SUI/USDT-P
Reya SUIRUSDPERP
Bluefin SUI-PERP
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
01 Exchange SUIUSD
Lighter SUIShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH SUI | +0.0096% | 1h | 1.0397 | +0.024% | $261K | $2.0M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0391 | −0.038% | $41K | $493K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0391 | −0.038% | $46K | $327K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0388 | −0.071% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0388 | −0.063% | $658K | $1.4M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0393 | −0.020% | $1.0M | $4.8M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0391 | −0.040% | $225K | $259K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0390 | −0.050% | $154.1M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0391 | −0.035% | $104.4M | $307.8M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0388 | −0.067% | $41.8M | $388.7M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0390 | −0.048% | $46K | $387K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0389 | −0.058% | $167.6M | $81.8M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0392 | −0.029% | $151.2M | $292.9M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0386 | −0.087% | $51.3M | $52.8M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0387 | −0.077% | $68.6M | $167.8M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0390 | −0.048% | — | $81.5M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0393 | −0.019% | $667K | $1.1M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0349 | −0.442% | $2.3M | $2.9M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0363 | −0.311% | $168K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0382 | −0.128% | $446K | $7.1M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0366 | −0.279% | $236K | $444K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0398 | +0.029% | $108K | $771K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0407 | +0.115% | $2K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0393 | −0.019% | $6K | $2.4M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0391 | −0.038% | $653K | $18.5M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0391 | −0.038% | $11.6M | $25.0M | 50x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0379 | −0.158% | $244K | $2K | 10x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0388 | −0.067% | $1.4M | $3.8M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0398 | +0.034% | $49K | $37K | 3x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0392 | −0.029% | $8.0M | $24.3M | 100x | as long as short |
| Coinbase International SUI-PERP-INTXlong | +0.0224% | 1h | 1.0395 | long leg | $1.0M | $14.1M | 50x | |
| Kraken Futures PF_SUIUSD | +0.0272% | 1h | 1.0399 | +0.036% | $7.2M | $24.2M | 50x | as long as short |
| Phoenix SUIshort | +0.0327% | 1h | 1.0401 | +0.063% | $206K | $593K | 10x | |
| Hyperliquid SUI | +0.0616% | 1h | 1.0407 | +0.111% | $75.6M | $80.9M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0638% / S −0.0305% | 1h | 1.0392 | −0.030% | $900K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0831% | 1h | 1.0384 | −0.108% | $94K | $382K | 10x | as long as short |
Lighter RH SUI
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
Gate SUI_USDT
MEXC SUI_USDT
KuCoin SUIUSDTM
Bitget SUIUSDT
BingX SUI-USDT
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
Phemex SUIUSDT
Bulk SUI-USD
Extended SUI-USD
Aevo SUI-PERP
BloFin SUI-USDT
Kraken Futures PF_SUIUSD
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD