Funding you earn now, next payment 08:00 UTC+0.0066%/8h= +7.2% APRnext payment +$0.08 per $10,000 · paid last 24h +0.001%
Price spread now: Phoenix against Coinbase International+0.232%72s7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as 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−$530.529% of the position
Funding, last 7 days−0.349%−$35 on $10k
+Price spread, last 4 days (all we have)−0.498%−$50 · spread now +0.232%, 7d avg −0.014%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phoenix is 0.247% dearer against Coinbase International than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of −0.014%. Mind the row above: over the last 7 days funding on this pair cost −0.349%, so the current rate has only just turned in your favour. The two prices were read 72 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 | Coinbase International SUI-PERP-INTX | 1.0109 | 0.0360 | pay 0.0045% / 1h | 31m 54s | $1.0M | $14.0M | 50x |
| Short | Phoenix SUI | 1.0132 | 0.0426 | get 0.0053% / 1h | 31m 54s | $201K | $395K | 10x |
Coinbase International SUI-PERP-INTX
Phoenix SUIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $13.81
- Price spread: +0.232% → −0.014%
- $24.68
- Slippage, 4 orders
- −$35.9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$14.42
- Costs to cover
- 0.529%
- Break-even
- 14.3 days
Slippage from Coinbase International: live order book, 2 min ago; Phoenix: live order book, 65 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, 2 min ago | 4.94 bp | 14.5 bp −$15 | 22.1 bp −$221 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 65 min ago | 0.99 bp | 12.4 bp −$12 | 43.0 bp −$430 | 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 | −0.3240% | 1h | 1.0046 | −0.623% | $41K | $113K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0382% | 1h | 1.0101 | −0.080% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0168% | 1h | 1.0138 | +0.282% | $5K | $17K | 7x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0117 | +0.083% | $94K | $249K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0115 | +0.056% | $375K | $4.2M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0109 | 0.000% | $194K | $536K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0104 | −0.046% | $114K | — | 150x | as long as short |
| 01 Exchange SUIUSD | +0.0080% | 1h | 1.0106 | −0.030% | $8K | $3K | 10x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0109 | −0.001% | $746K | $4.8M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0109 | +0.002% | $309K | $2.2M | 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
01 Exchange SUIUSD
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 | 1.0104 | −0.049% | $45K | $531K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0107 | −0.020% | $46K | $504K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0113 | +0.041% | $26K | $7K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0104 | −0.045% | $671K | $2.2M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0108 | −0.006% | $900K | $4.2M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0113 | +0.040% | $216K | $251K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0104 | −0.048% | $144.6M | $978.1M | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0101 | −0.079% | $97.3M | $303.9M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0102 | −0.069% | $40.8M | $359.4M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0110 | +0.010% | $43K | $321K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0150 | +0.410% | $232K | $7K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0104 | −0.049% | $166.2M | $79.5M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0105 | −0.040% | $99.1M | $288.3M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0107 | −0.020% | $51.4M | $50.8M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0100 | −0.089% | $66.7M | $166.1M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0104 | −0.049% | — | $87.7M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0104 | −0.049% | $662K | $1.3M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0139 | +0.295% | $2.4M | $3.3M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0132 | +0.226% | $163K | $4.2M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0132 | +0.228% | $438K | $7.1M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0164 | +0.544% | $205K | $371K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0105 | −0.040% | $122K | $515K | 10x | as long as short |
| Bluefin SUI-PERP | +0.0100% | 1h | 1.0094 | −0.148% | $579K | $451K | 25x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0137 | +0.277% | $3K | $1.5M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0106 | −0.030% | $6K | $1.6M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0109 | 0.000% | $630K | $17.9M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0114 | +0.049% | $11.7M | $28.3M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0100 | −0.085% | $1.4M | $4.0M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0177 | +0.673% | $39K | $11K | 3x | as long as short |
| Hyperliquid SUI | +0.0107% | 1h | 1.0116 | +0.069% | $72.9M | $76.9M | 10x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0115 | +0.059% | $7.5M | $24.3M | 100x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0285% | 1h | 1.0109 | +0.003% | $6.8M | $21.4M | 50x | as long as short |
| Coinbase International SUI-PERP-INTXlong | +0.0360% | 1h | 1.0109 | long leg | $1.0M | $14.0M | 50x | |
| Phoenix SUIshort | +0.0426% | 1h | 1.0132 | +0.232% | $201K | $395K | 10x | |
| GMX SUI/USD [ETH-USDC] | L +0.0599% / S −0.0263% | 1h | 1.0104 | −0.050% | $929K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1179% | 1h | 1.0134 | +0.245% | $81K | $409K | 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
Bluefin SUI-PERP
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Phemex SUIUSDT
Extended SUI-USD
Aevo SUI-PERP
Hyperliquid SUI
BloFin SUI-USDT
Kraken Futures PF_SUIUSD
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD