Funding you earn now, next payment 01:00 UTC+0.0041%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h −0.030%
Price spread now: Coinbase International against Hyperliquid−0.222%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$450.454% of the position
Funding, last 7 days+0.193%+$19 on $10k
+Price spread, last 3 days (all we have)+0.192%+$19 · spread now −0.222%, 7d avg −0.001%
=Together, before fees+0.385%+ Points / potential airdropHyperliquid: Season 2 · farm board+$38 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.221% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.222% now, against its 7-day average of −0.001%). If the spread goes back, that is −$22 on $10k: about 18 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.193% in total) that is about 8.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SUI | 1.0447 | 0.0111 | pay 0.0014% / 1h | 55m 46s | $75.1M | $80.8M | 10x |
| Short | Coinbase International SUI-PERP-INTX | 1.0424 | 0.0152 | get 0.0019% / 1h | 55m 46s | $989K | $14.6M | 50x |
Hyperliquid SUI
Coinbase International SUI-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Hyperliquid. 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
- $8.53
- Price spread: −0.222% → −0.001%
- −$22.12
- Slippage, 4 orders
- −$26.44
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$59.03
- Costs to cover
- 0.454%
- Break-even
- 55.4 days
Slippage from Hyperliquid: live order book, 8 min ago; Coinbase International: live order book, 3 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 Hyperliquid live order book, 8 min ago | 1.88 bp | 6.6 bp −$7 | 13.5 bp −$135 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 4.78 bp | 13.3 bp −$13 | 35.6 bp −$356 | 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 | −0.4499% | 1h | 1.0515 | +0.649% | $43K | $123K | 12x | as long as short |
| Hibachi SUI/USDT-P | −0.0504% | 1h | 1.0476 | +0.272% | $6K | $19K | 7x | as long as short |
| Reya SUIRUSDPERP | −0.0372% | 1h | 1.0440 | −0.069% | $4K | $3K | 20x | as long as short |
| Bluefin SUI-PERP | −0.0311% | 1h | 1.0416 | −0.299% | $596K | $418K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0448 | +0.011% | $95K | $171K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0412 | −0.333% | $592K | $4.9M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0434 | −0.126% | $203K | $580K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0427 | −0.190% | $119K | — | 150x | as long as short |
| Backpack SUI_USDC_PERP | +0.0007% | 1h | 1.0422 | −0.241% | $669K | $1.1M | 20x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0011% | 1h | 1.0426 | −0.204% | $7.0M | $24.6M | 50x | 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
Backpack SUI_USDC_PERP
Kraken Futures PF_SUIUSDShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUIUSD | +0.0032% | 1h | 1.0442 | −0.050% | $9K | $9K | 10x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0443 | −0.044% | $815K | $5.5M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0443 | −0.039% | $280K | $2.1M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0446 | −0.011% | $35K | $481K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0099% | 8h | 1.0429 | −0.174% | $47K | $308K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0506 | +0.560% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0441 | −0.055% | $701K | $1.5M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0439 | −0.078% | $960K | $4.9M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0445 | −0.025% | $227K | $261K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0446 | −0.007% | $152.1M | $1.04B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0462 | +0.138% | $103.5M | $310.5M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0454 | +0.065% | $41.1M | $394.2M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0430 | −0.165% | $44K | $370K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0439 | −0.078% | $167.7M | $82.2M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0443 | −0.040% | $152.5M | $291.9M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0439 | −0.078% | $51.2M | $53.6M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0438 | −0.088% | $67.8M | $171.8M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0441 | −0.059% | — | $82.5M | — | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0431 | −0.156% | $2.4M | $3.2M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0520 | +0.695% | $172K | $4.6M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0495 | +0.454% | $456K | $7.5M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0527 | +0.764% | $234K | $491K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0453 | +0.056% | $121K | $735K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0428 | −0.184% | $2K | $1.8M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0432 | −0.145% | $6K | $2.2M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0414 | −0.318% | $663K | $19.6M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0434 | −0.126% | $11.6M | $25.3M | 50x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0504 | +0.545% | $247K | $3K | 10x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0440 | −0.073% | $1.5M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0438 | −0.084% | $40K | $16K | 3x | as long as short |
| Hyperliquid SUIlong | +0.0111% | 1h | 1.0447 | long leg | $75.1M | $80.8M | 10x | |
| Coinbase International SUI-PERP-INTXshort | +0.0152% | 1h | 1.0424 | −0.222% | $989K | $14.6M | 50x | |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0473 | +0.247% | $8.2M | $25.4M | 100x | as long as short |
| Phoenix SUI | +0.0299% | 1h | 1.0505 | +0.555% | $208K | $595K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0618% / S −0.0265% | 1h | 1.0428 | −0.188% | $955K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0951% | 1h | 1.0560 | +1.078% | $79K | $382K | 10x | as long as short |
01 Exchange SUIUSD
Lighter SUI
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
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
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD