Funding you earn now, next payment 04:00 UTC−0.0148%/8h= −16.2% APRpaid last 24h −0.070%
Price spread now: Phemex against Coinbase International+0.058%7-day average −0.094% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$600.602% of the position
Funding, last 7 days−0.466%−$47 on $10k
+Price spread, last 4 days (all we have)−0.095%−$10 · spread now +0.058%, 7d avg −0.094%
=The price spread pays, funding is against you. Phemex is 0.153% dearer against Coinbase International than usual: you sell high and buy low (spread +0.058% now, against its 7-day average of −0.094%): +$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 | 1.0262 | 0.0248 | pay 0.0031% / 1h | 19m 56s | $994K | $15.1M | 50x |
| Short | Phemex SUIUSDT | 1.0268 | 0.0100 | get 0.0100% / 8h | 3h 19m | $11.8M | $27.2M | 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: +0.058% → −0.094%
- $15.25
- Slippage, 4 orders
- −$38.15
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$75.98
- Costs to cover
- 0.602%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 4 min ago; Phemex: 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 Coinbase International live order book, 4 min ago | 1.95 bp | 15.6 bp −$16 | 22.4 bp −$224 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 7.32 bp | 15.6 bp −$16 | 30.1 bp −$301 | 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 | 1.0147 | −1.121% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0377% | 1h | 1.0274 | +0.116% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0176% | 1h | 1.0256 | −0.054% | $6K | $19K | 7x | as long as short |
| Kraken Futures PF_SUIUSD | −0.0067% | 1h | 1.0275 | +0.129% | $6.7M | $26.7M | 50x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0268 | +0.058% | $129K | $227K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0272 | +0.099% | $476K | $5.1M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0278 | +0.156% | $200K | $572K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0275 | +0.130% | $115K | — | 150x | as long as short |
| Bluefin SUI-PERP | +0.0036% | 1h | 1.0264 | +0.019% | $589K | $407K | 25x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0266 | +0.037% | $774K | $5.5M | 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 | 1.0272 | +0.097% | $305K | $2.2M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0277 | +0.146% | $45K | $516K | 50x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0281 | +0.182% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0278 | +0.161% | $582K | $2.1M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0265 | +0.027% | $887K | $4.5M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0272 | +0.099% | $222K | $254K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0263 | +0.007% | $146.2M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0262 | 0.000% | $101.1M | $309.0M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0261 | −0.010% | $40.1M | $386.3M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0280 | +0.175% | $43K | $331K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0261 | −0.010% | $167.5M | $82.7M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0263 | +0.010% | $152.9M | $295.5M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0265 | +0.029% | $50.3M | $54.2M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0260 | −0.019% | $67.2M | $173.9M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0262 | 0.000% | — | $82.2M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0263 | +0.010% | $639K | $1.3M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0261 | −0.013% | $2.4M | $3.4M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0240 | −0.213% | $168K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0231 | −0.301% | $442K | $7.6M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0241 | −0.205% | $224K | $433K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0283 | +0.205% | $123K | $723K | 10x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0275 | +0.127% | $47K | $176K | 20x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0312 | +0.487% | $2K | $1.7M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0272 | +0.097% | $14K | $2.0M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0269 | +0.068% | $586K | $19.6M | 75x | as long as short |
| Phemex SUIUSDTshort | +0.0100% | 8h | 1.0268 | +0.058% | $11.8M | $27.2M | 50x | |
| Bulk SUI-USD | +0.0100% | 1h | 1.0239 | −0.224% | $241K | $4K | 10x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0262 | +0.002% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0277 | +0.146% | $39K | $11K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0152% | 1h | 1.0279 | +0.166% | $9K | $3K | 10x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0245 | −0.166% | $7.7M | $24.6M | 100x | as long as short |
| Coinbase International SUI-PERP-INTXlong | +0.0248% | 1h | 1.0262 | long leg | $994K | $15.1M | 50x | |
| Hyperliquid SUI | +0.0369% | 1h | 1.0271 | +0.088% | $74.2M | $81.1M | 10x | as long as short |
| Phoenix SUI | +0.0408% | 1h | 1.0237 | −0.246% | $215K | $415K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0600% / S −0.0260% | 1h | 1.0275 | +0.127% | $939K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1512% | 1h | 1.0271 | +0.085% | $82K | $404K | 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
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
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Bulk SUI-USD
Extended SUI-USD
Aevo SUI-PERP
01 Exchange SUIUSD
BloFin SUI-USDT
Hyperliquid SUI
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD