Funding you earn now, next payment 06:00 UTC−0.0151%/8h= −16.5% APRnext payment −$0.19 per $10,000 · paid last 24h +0.010%
Price spread now: Coinbase International against Phoenix−0.031%48s7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$540.543% of the position
Funding, last 7 days+0.355%+$35 on $10k
+Price spread, last 4 days (all we have)+0.127%+$13 · spread now −0.031%, 7d avg +0.015%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Coinbase International is 0.046% cheaper against Phoenix than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.015%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.355%, so the current rate has only just turned against you. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SUI | 1.0120 | 0.0431 | pay 0.0054% / 1h | 37m 29s | $200K | $413K | 10x |
| Short | Coinbase International SUI-PERP-INTX | 1.0117 | 0.0280 | get 0.0035% / 1h | 37m 29s | $1.0M | $14.8M | 50x |
Phoenix SUI
Coinbase International SUI-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Phoenix. 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
- −$31.62
- Price spread: −0.031% → +0.015%
- −$4.59
- Slippage, 4 orders
- −$37.32
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$90.53
- Costs to cover
- 0.543%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 5 min ago; Coinbase International: live order book, 2 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 Phoenix live order book, 5 min ago | 0.99 bp | 12.4 bp −$12 | 50.7 bp −$507 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 4.45 bp | 12.6 bp −$13 | 18.8 bp −$188 | 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 | −0.3536% | 1h | 1.0076 | −0.436% | $41K | $113K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0379% | 1h | 1.0113 | −0.070% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0192% | 1h | 1.0109 | −0.110% | $5K | $21K | 7x | as long as short |
| Bluefin SUI-PERP | −0.0047% | 1h | 1.0099 | −0.208% | $579K | $426K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0111 | −0.087% | $95K | $294K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0117 | −0.033% | $373K | $4.9M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0113 | −0.070% | $194K | $563K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0109 | −0.115% | $114K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0113 | −0.066% | $785K | $5.3M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0118 | −0.019% | $295K | $2.2M | 10x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
Bluefin SUI-PERP
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 | 1.0114 | −0.060% | $36K | $521K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0111 | −0.090% | $46K | $210K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0111 | −0.085% | $26K | $8K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0111 | −0.090% | $534K | $2.1M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0116 | −0.041% | $893K | $4.3M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0114 | −0.060% | $216K | $261K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0117 | −0.034% | $144.8M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0114 | −0.060% | $98.6M | $317.7M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0116 | −0.041% | $40.7M | $380.3M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0120 | −0.001% | $43K | $329K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0133 | +0.127% | $238K | $2K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0113 | −0.070% | $164.9M | $83.1M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0114 | −0.060% | $150.7M | $291.4M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0113 | −0.070% | $49.4M | $53.0M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0109 | −0.110% | $66.6M | $174.0M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0113 | −0.070% | — | $87.2M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0113 | −0.070% | $666K | $1.3M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0123 | +0.026% | $2.4M | $3.5M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0112 | −0.080% | $164K | $4.6M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0123 | +0.029% | $438K | $7.4M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0129 | +0.088% | $222K | $395K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0120 | −0.001% | $125K | $675K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0129 | +0.088% | $2K | $1.6M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0116 | −0.041% | $6K | $1.9M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0113 | −0.070% | $616K | $18.8M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0114 | −0.060% | $11.7M | $28.1M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0110 | −0.095% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0114 | −0.061% | $38K | $11K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0192% | 1h | 1.0121 | +0.009% | $9K | $2K | 10x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0119 | −0.011% | $7.6M | $24.5M | 100x | as long as short |
| Coinbase International SUI-PERP-INTXshort | +0.0280% | 1h | 1.0117 | −0.031% | $1.0M | $14.8M | 50x | |
| Kraken Futures PF_SUIUSD | +0.0367% | 1h | 1.0116 | −0.041% | $6.8M | $22.9M | 50x | as long as short |
| Phoenix SUIlong | +0.0431% | 1h | 1.0120 | long leg | $200K | $413K | 10x | |
| Hyperliquid SUI | +0.0501% | 1h | 1.0126 | +0.058% | $72.8M | $81.7M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0599% / S −0.0263% | 1h | 1.0115 | −0.046% | $929K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1421% | 1h | 1.0134 | +0.133% | $82K | $410K | 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-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
Extended SUI-USD
Aevo SUI-PERP
01 Exchange SUIUSD
BloFin SUI-USDT
Kraken Futures PF_SUIUSD
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD