Funding you earn now, next payment 08:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h −0.017%
Price spread now: Phemex against Kraken Futures−0.055%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$400.402% of the position
Funding, last 7 days−0.164%−$16 on $10k
+Price spread, last 4 days (all we have)+0.049%+$5 · spread now −0.055%, 7d avg −0.013%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phemex is 0.042% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.013%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SUIUSD | 1.0180 | 0.0118 | pay 0.0015% / 1h | 55m 15s | $6.8M | $21.9M | 50x |
| Short | Phemex SUIUSDT | 1.0174 | 0.0100 | get 0.0100% / 8h | 55m 15s | $11.7M | $28.2M | 50x |
Kraken Futures PF_SUIUSD
Phemex SUIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Kraken Futures. 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
- −$3.88
- Price spread: −0.055% → −0.013%
- −$4.21
- Slippage, 4 orders
- −$18.24
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$48.33
- Costs to cover
- 0.402%
- Break-even
- never at this rate
Slippage from Kraken Futures: 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 Kraken Futures live order book, 4 min ago | 0.49 bp | 11.0 bp −$11 | 15.6 bp −$156 | 36.0 bp −$3,602 | doesn't fit |
| Sell Phemex live order book, 4 min ago | 0.98 bp | 11.0 bp −$11 | 22.5 bp −$225 | 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 | −0.2780% | 1h | 1.0090 | −0.880% | $41K | $113K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0380% | 1h | 1.0157 | −0.224% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0280% | 1h | 1.0152 | −0.268% | $5K | $20K | 7x | as long as short |
| Bluefin SUI-PERP | −0.0156% | 1h | 1.0158 | −0.212% | $582K | $422K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0150 | −0.291% | $95K | $257K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0161 | −0.180% | $377K | $4.4M | 2.5x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0169 | −0.102% | $115K | — | 150x | as long as short |
| Deribit SUI_USDC-PERPETUAL | +0.0045% | 1h | 1.0180 | +0.004% | $196K | $558K | 25x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0183 | +0.033% | $767K | $5.1M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0182 | +0.019% | $297K | $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 | 1.0160 | −0.193% | $39K | $522K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0174 | −0.055% | $47K | $233K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0149 | −0.303% | $27K | $8K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0152 | −0.266% | $689K | $2.2M | 10x | as long as short |
| Hyperliquid SUI | +0.0100% | 1h | 1.0170 | −0.095% | $73.3M | $80.5M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0177 | −0.027% | $898K | $4.2M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0150 | −0.286% | $216K | $257K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0180 | +0.004% | $146.7M | $1.00B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0178 | −0.016% | $98.6M | $312.5M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0181 | +0.014% | $41.0M | $371.4M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0160 | −0.193% | $43K | $330K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0169 | −0.101% | $239K | $454 | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0165 | −0.144% | $168.1M | $81.3M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0166 | −0.134% | $154.2M | $281.7M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0164 | −0.153% | $50.0M | $52.4M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0174 | −0.055% | $67.1M | $170.0M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0167 | −0.124% | — | $86.6M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0146 | −0.330% | $667K | $1.4M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0135 | −0.442% | $2.4M | $3.5M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0157 | −0.219% | $163K | $4.3M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0158 | −0.216% | $447K | $7.1M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0156 | −0.232% | $223K | $378K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0169 | −0.104% | $122K | $568K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0181 | +0.014% | $3K | $1.6M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0178 | −0.016% | $7K | $1.7M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0179 | −0.006% | $627K | $18.4M | 75x | as long as short |
| Phemex SUIUSDTshort | +0.0100% | 8h | 1.0174 | −0.055% | $11.7M | $28.2M | 50x | |
| Extended SUI-USD | +0.0104% | 1h | 1.0172 | −0.074% | $1.4M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0178 | −0.013% | $39K | $11K | 3x | as long as short |
| Kraken Futures PF_SUIUSDlong | +0.0118% | 1h | 1.0180 | long leg | $6.8M | $21.9M | 50x | |
| 01 Exchange SUIUSD | +0.0136% | 1h | 1.0164 | −0.153% | $8K | $3K | 10x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0177 | −0.026% | $7.6M | $24.5M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0328% | 1h | 1.0163 | −0.163% | $1.0M | $14.5M | 50x | as long as short |
| Phoenix SUI | +0.0431% | 1h | 1.0175 | −0.045% | $202K | $400K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0600% / S −0.0263% | 1h | 1.0139 | −0.400% | $932K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1346% | 1h | 1.0177 | −0.025% | $82K | $409K | 10x | as long as short |
Popdex SUIUSDT
Orderly PERP_SUI_USDC
Paradex SUI-USD-PERP
Nado SUI-PERP
Hyperliquid SUI
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
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD