SUI

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0152%/8h= +16.6% APRnext payment +$0.19 per $10,000 · paid last 24h +0.068%

Price spread now: Coinbase International against Lighter+0.030%7-day average +0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs$0as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$360.363% of the position

Long on Lighter Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.365%+$36 on $10k

Price spread, last 4 days (all we have)−0.088%−$9 · spread now +0.030%, 7d avg +0.096%

Together, before fees+0.277%+ Points / potential airdropLighter: Season 3 · farm board+$28 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.066% cheaper against Lighter than usual: you would sell low and buy high (spread +0.030% now, against its 7-day average of +0.096%). If the spread goes back, that is −$7 on $10k: about 35 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SUI	1.0370	0.0096	pay 0.0012% / 1h	58m 00s	$800K	$5.4M	10x
Short	Coinbase International SUI-PERP-INTX	1.0373	0.0248	get 0.0031% / 1h	58m 00s	$975K	$15.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee Coinbase InternationalbpOrdersPrice spread, now +0.030%Rate

Funding earned: $31.92
Price spread: +0.030% → +0.096%: −$6.58
Slippage, 4 orders: −$26.28
Fee Lighter: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$10.94
Costs to cover: 0.363%
Break-even: 9.4 days

Slippage from Lighter: live order book, 5 min ago; Coinbase International: live order book, 1 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 Lighter live order book, 5 min ago	2.17 bp	5.5 bp −$6	19.0 bp −$190	116.8 bp −$11.7K	doesn't fit
Sell Coinbase International live order book, 1 min ago	5.30 bp	12.9 bp −$13	20.4 bp −$204	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	−0.3470%	1h	1.0251	−1.147%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0376%	1h	1.0353	−0.164%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0320%	1h	1.0352	−0.176%	$6K	$19K	7x	as long as short
Kraken Futures PF_SUIUSD	−0.0066%	1h	1.0371	+0.007%	$6.8M	$27.0M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0369	−0.007%	$130K	$227K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0379	+0.089%	$497K	$5.0M	2.5x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0356	−0.130%	$116K	—	150x	as long as short
Bluefin SUI-PERP	+0.0024%	1h	1.0354	−0.153%	$593K	$407K	25x	as long as short
Deribit SUI_USDC-PERPETUAL	+0.0039%	1h	1.0367	−0.028%	$201K	$573K	25x	as long as short
Lighter SUIlong	+0.0096%	1h	1.0370	long leg	$800K	$5.4M	10x

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SUI	+0.0096%	1h	1.0372	+0.017%	$299K	$2.2M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0365	−0.047%	$42K	$513K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0373	+0.029%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0370	+0.001%	$584K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0366	−0.039%	$907K	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0369	−0.005%	$224K	$259K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0375	+0.048%	$150.4M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0373	+0.030%	$102.0M	$309.8M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0374	+0.040%	$40.9M	$388.8M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0370	+0.001%	$44K	$330K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0339	−0.298%	$243K	$6K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0371	+0.011%	$169.8M	$80.7M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0369	−0.009%	$152.9M	$291.7M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0366	−0.038%	$49.9M	$53.9M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0370	+0.001%	$67.7M	$172.4M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0371	+0.011%	—	$82.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0371	+0.011%	$655K	$1.4M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0383	+0.123%	$2.5M	$3.4M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0381	+0.110%	$171K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0378	+0.081%	$453K	$7.6M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0393	+0.223%	$230K	$431K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0372	+0.020%	$124K	$747K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0367	−0.028%	$48K	$147K	20x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0356	−0.134%	$2K	$1.7M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0367	−0.028%	$14K	$2.1M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0360	−0.095%	$587K	$19.7M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0368	−0.018%	$11.9M	$26.8M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0361	−0.084%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0371	+0.009%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0192%	1h	1.0369	−0.009%	$9K	$2K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0349	−0.202%	$7.9M	$24.8M	100x	as long as short
Coinbase International SUI-PERP-INTXshort	+0.0248%	1h	1.0373	+0.030%	$975K	$15.0M	50x
Phoenix SUI	+0.0390%	1h	1.0401	+0.297%	$211K	$411K	10x	as long as short
Hyperliquid SUI	+0.0464%	1h	1.0383	+0.126%	$75.1M	$81.6M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0612% / S −0.0267%	1h	1.0355	−0.141%	$957K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1503%	1h	1.0378	+0.083%	$83K	$401K	10x	as long as short