Funding you earn now, next payment 05:00 UTC−0.0148%/8h= −16.2% APRpaid last 24h −0.067%
Price spread now: Phemex against Coinbase International+0.059%7-day average −0.093% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$510.508% of the position
Funding, last 7 days−0.468%−$47 on $10k
+Price spread, last 4 days (all we have)−0.117%−$12 · spread now +0.059%, 7d avg −0.093%
=The price spread pays, funding is against you. Phemex is 0.151% dearer against Coinbase International than usual: you sell high and buy low (spread +0.059% now, against its 7-day average of −0.093%): +$15 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SUI-PERP-INTX | 1.0220 | 0.0248 | pay 0.0031% / 1h | 5m 34s | $1.0M | $15.1M | 50x |
| Short | Phemex SUIUSDT | 1.0226 | 0.0100 | get 0.0100% / 8h | 2h 05m | $11.7M | $28.0M | 50x |
Coinbase International SUI-PERP-INTX
Phemex SUIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$31.08
- Price spread: +0.059% → −0.093%
- $15.13
- Slippage, 4 orders
- −$28.76
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$66.71
- Costs to cover
- 0.508%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 4 min ago; Phemex: 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 Coinbase International live order book, 4 min ago | 5.88 bp | 16.9 bp −$17 | 21.3 bp −$213 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 0.49 bp | 8.7 bp −$9 | 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 | −0.3309% | 1h | 1.0018 | −1.977% | $41K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0379% | 1h | 1.0226 | +0.058% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0184% | 1h | 1.0210 | −0.095% | $5K | $19K | 7x | as long as short |
| Bluefin SUI-PERP | −0.0002% | 1h | 1.0217 | −0.029% | $586K | $431K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0215 | −0.049% | $96K | $294K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0227 | +0.068% | $380K | $5.1M | 2.5x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0229 | +0.092% | $115K | — | 150x | as long as short |
| Deribit SUI_USDC-PERPETUAL | +0.0043% | 1h | 1.0232 | +0.117% | $197K | $564K | 25x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0217 | −0.031% | $794K | $5.5M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0219 | −0.009% | $298K | $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
gTrade (Gains Network) SUI/USD
Deribit SUI_USDC-PERPETUAL
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 | 1.0211 | −0.088% | $33K | $547K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0230 | +0.098% | $47K | $216K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0214 | −0.060% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0230 | +0.098% | $544K | $2.1M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0220 | +0.001% | $904K | $4.3M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0218 | −0.018% | $221K | $257K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0217 | −0.028% | $146.9M | $1.05B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0210 | −0.097% | $100.1M | $321.0M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0213 | −0.068% | $41.1M | $392.0M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0220 | 0.000% | $43K | $329K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0179 | −0.401% | $239K | $2K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0212 | −0.078% | $168.6M | $86.0M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0214 | −0.059% | $152.1M | $295.3M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0213 | −0.068% | $49.7M | $53.6M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0210 | −0.098% | $67.3M | $178.1M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0214 | −0.059% | — | $84.9M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0227 | +0.068% | $669K | $1.4M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0225 | +0.046% | $2.4M | $3.5M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0183 | −0.365% | $165K | $4.6M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0190 | −0.292% | $443K | $7.6M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0191 | −0.284% | $224K | $437K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0236 | +0.157% | $134K | $648K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0239 | +0.186% | $2K | $1.7M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0230 | +0.098% | $6K | $1.9M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0227 | +0.068% | $624K | $19.4M | 75x | as long as short |
| Phemex SUIUSDTshort | +0.0100% | 8h | 1.0226 | +0.059% | $11.7M | $28.0M | 50x | |
| Extended SUI-USD | +0.0104% | 1h | 1.0209 | −0.111% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0230 | +0.097% | $39K | $11K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0144% | 1h | 1.0214 | −0.059% | $9K | $3K | 10x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0171% | 1h | 1.0232 | +0.119% | $6.8M | $25.0M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0217 | −0.029% | $7.5M | $24.9M | 100x | as long as short |
| Coinbase International SUI-PERP-INTXlong | +0.0248% | 1h | 1.0220 | long leg | $1.0M | $15.1M | 50x | |
| Hyperliquid SUI | +0.0387% | 1h | 1.0227 | +0.068% | $73.6M | $82.7M | 10x | as long as short |
| Phoenix SUI | +0.0416% | 1h | 1.0224 | +0.036% | $202K | $422K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0602% / S −0.0263% | 1h | 1.0228 | +0.079% | $940K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1407% | 1h | 1.0193 | −0.262% | $82K | $408K | 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
Extended SUI-USD
Aevo SUI-PERP
01 Exchange SUIUSD
Kraken Futures PF_SUIUSD
BloFin SUI-USDT
Hyperliquid SUI
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD