Funding you earn now, next payment 04:00 UTC−0.0308%/8h= −33.7% APRpaid last 24h −0.043%
Price spread now: KuCoin against Phoenix−0.392%7-day average −0.093% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$500.504% of the position
Funding, last 7 days−0.037%−$4 on $10k
+Price spread, last 4 days (all we have)+0.122%+$12 · spread now −0.392%, 7d avg −0.093%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and KuCoin is 0.299% cheaper against Phoenix than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of −0.093%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.037% in total (about -1.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SUI | 1.0389 | 0.0408 | pay 0.0051% / 1h | 50m 50s | $211K | $415K | 10x |
| Short | KuCoin SUIUSDTM | 1.0348 | 0.0100 | get 0.0100% / 8h | 3h 50m | $49.9M | $53.9M | 75x |
Phoenix SUI
KuCoin SUIUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$64.71
- Price spread: −0.392% → −0.093%
- −$29.92
- Slippage, 4 orders
- −$31.42
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$145.05
- Costs to cover
- 0.504%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 66 min ago; KuCoin: 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 Phoenix live order book, 66 min ago | 0.95 bp | 12.3 bp −$12 | 50.6 bp −$506 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 1.45 bp | 13.9 bp −$14 | 29.7 bp −$297 | 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 | 1.0250 | −1.335% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0376% | 1h | 1.0354 | −0.330% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0296% | 1h | 1.0384 | −0.043% | $6K | $19K | 7x | as long as short |
| Kraken Futures PF_SUIUSD | −0.0067% | 1h | 1.0342 | −0.447% | $6.8M | $26.8M | 50x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0350 | −0.370% | $130K | $227K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0376 | −0.117% | $497K | $5.0M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0346 | −0.411% | $201K | $572K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0350 | −0.371% | $116K | — | 150x | as long as short |
| Bluefin SUI-PERP | +0.0018% | 1h | 1.0332 | −0.546% | $591K | $406K | 25x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0343 | −0.440% | $799K | $5.4M | 10x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
Kraken Futures PF_SUIUSD
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Bluefin SUI-PERP
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 | 1.0343 | −0.436% | $299K | $2.2M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0355 | −0.324% | $43K | $515K | 50x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0358 | −0.299% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0352 | −0.353% | $585K | $2.1M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0350 | −0.375% | $905K | $4.6M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0357 | −0.307% | $224K | $259K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0344 | −0.428% | $150.0M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0346 | −0.407% | $101.6M | $309.7M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0346 | −0.411% | $40.5M | $387.9M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0360 | −0.276% | $44K | $330K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0369 | −0.190% | $244K | $5K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0344 | −0.430% | $169.5M | $80.9M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0347 | −0.401% | $152.2M | $292.1M | 300x | as long as short |
| KuCoin SUIUSDTMshort | +0.0100% | 8h | 1.0348 | −0.392% | $49.9M | $53.9M | 75x | |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0338 | −0.488% | $67.5M | $172.6M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0345 | −0.421% | — | $82.1M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0343 | −0.440% | $653K | $1.4M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0352 | −0.356% | $2.5M | $3.4M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0374 | −0.141% | $171K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0396 | +0.067% | $454K | $7.6M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0388 | −0.007% | $228K | $429K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0369 | −0.190% | $123K | $745K | 10x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0346 | −0.411% | $48K | $140K | 20x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0343 | −0.440% | $2K | $1.7M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0342 | −0.450% | $14K | $2.1M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0335 | −0.517% | $578K | $19.7M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0346 | −0.411% | $11.9M | $26.9M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0343 | −0.438% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0352 | −0.358% | $39K | $11K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0136% | 1h | 1.0359 | −0.286% | $9K | $2K | 10x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0345 | −0.421% | $7.8M | $24.8M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0248% | 1h | 1.0347 | −0.401% | $1.0M | $15.0M | 50x | as long as short |
| Phoenix SUIlong | +0.0408% | 1h | 1.0389 | long leg | $211K | $415K | 10x | |
| Hyperliquid SUI | +0.0425% | 1h | 1.0358 | −0.296% | $74.9M | $81.4M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0612% / S −0.0267% | 1h | 1.0350 | −0.372% | $957K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1502% | 1h | 1.0372 | −0.164% | $83K | $402K | 10x | as long as short |
Lighter RH SUI
Popdex SUIUSDT
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
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
Orderly PERP_SUI_USDC
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Phemex SUIUSDT
Extended SUI-USD
Aevo SUI-PERP
01 Exchange SUIUSD
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD