Funding you earn now, next payment 03:00 UTC−0.0174%/8h= −19.0% APRnext payment −$0.22 per $10,000 · paid last 24h +0.027%
Price spread now: Coinbase International against Phoenix+0.107%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$520.516% of the position
Funding, last 7 days+0.364%+$36 on $10k
+Price spread, last 4 days (all we have)+0.080%+$8 · spread now +0.107%, 7d avg +0.019%
=The price spread pays, funding is against you. Coinbase International is 0.088% dearer against Phoenix than usual: you sell high and buy low (spread +0.107% now, against its 7-day average of +0.019%): +$9 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 40 hours. Mind the row above: over the last 7 days funding on this pair paid +0.364%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SUI | 1.0375 | 0.0390 | pay 0.0049% / 1h | 14m 52s | $211K | $421K | 10x |
| Short | Coinbase International SUI-PERP-INTX | 1.0386 | 0.0216 | get 0.0027% / 1h | 14m 52s | $973K | $15.0M | 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
- −$36.47
- Price spread: +0.107% → +0.019%
- $8.78
- Slippage, 4 orders
- −$34.58
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$79.26
- Costs to cover
- 0.516%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 42 min ago; Coinbase International: live order book, 4 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, 42 min ago | 0.95 bp | 12.3 bp −$12 | 50.6 bp −$506 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 4 min ago | 2.90 bp | 14.6 bp −$15 | 22.7 bp −$227 | 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 | −0.3244% | 1h | 1.0301 | −0.712% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0376% | 1h | 1.0364 | −0.106% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0320% | 1h | 1.0369 | −0.057% | $6K | $19K | 7x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0369 | −0.057% | $130K | $227K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0374 | −0.004% | $489K | $5.0M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0375 | +0.001% | $201K | $573K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0373 | −0.015% | $116K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0375 | 0.000% | $826K | $5.6M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0377 | +0.022% | $301K | $2.2M | 10x | as long as short |
| 01 Exchange SUIUSD | +0.0096% | 1h | 1.0376 | +0.011% | $9K | $2K | 10x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Lighter SUI
Lighter RH SUI
01 Exchange SUIUSDShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex SUIUSDT | +0.0096% | 1h | 1.0378 | +0.030% | $42K | $517K | 50x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0374 | −0.007% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0367 | −0.076% | $584K | $2.1M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0371 | −0.041% | $908K | $4.6M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0373 | −0.019% | $224K | $260K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0378 | +0.034% | $150.3M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0384 | +0.088% | $102.0M | $311.0M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0381 | +0.059% | $40.9M | $389.7M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0380 | +0.049% | $44K | $373K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0408 | +0.318% | $245K | $6K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0376 | +0.011% | $168.6M | $84.2M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0372 | −0.028% | $152.9M | $298.0M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0374 | −0.009% | $50.0M | $54.0M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0378 | +0.030% | $67.8M | $172.6M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0377 | +0.020% | — | $82.6M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0366 | −0.086% | $655K | $1.4M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0374 | −0.012% | $2.5M | $3.4M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0379 | +0.043% | $170K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0392 | +0.161% | $450K | $7.6M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0391 | +0.155% | $230K | $433K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0382 | +0.068% | $124K | $753K | 10x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0372 | −0.028% | $48K | $168K | 20x | as long as short |
| Bluefin SUI-PERP | +0.0100% | 1h | 1.0359 | −0.153% | $593K | $406K | 25x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0359 | −0.153% | $2K | $1.7M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0372 | −0.028% | $14K | $2.1M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0370 | −0.047% | $578K | $19.6M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0372 | −0.028% | $11.9M | $26.8M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0368 | −0.069% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0376 | +0.015% | $39K | $11K | 3x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0162% | 1h | 1.0375 | −0.002% | $6.9M | $27.0M | 50x | as long as short |
| Coinbase International SUI-PERP-INTXshort | +0.0216% | 1h | 1.0386 | +0.107% | $973K | $15.0M | 50x | |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0371 | −0.038% | $7.9M | $24.8M | 100x | as long as short |
| Hyperliquid SUI | +0.0355% | 1h | 1.0395 | +0.194% | $75.4M | $81.5M | 10x | as long as short |
| Phoenix SUIlong | +0.0390% | 1h | 1.0375 | long leg | $211K | $421K | 10x | |
| GMX SUI/USD [ETH-USDC] | L +0.0614% / S −0.0267% | 1h | 1.0373 | −0.016% | $958K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1486% | 1h | 1.0388 | +0.123% | $83K | $399K | 10x | as long as short |
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
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
Orderly PERP_SUI_USDC
Bluefin SUI-PERP
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Phemex SUIUSDT
Extended SUI-USD
Aevo SUI-PERP
Kraken Futures PF_SUIUSD
BloFin SUI-USDT
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD