Funding you earn now, next payment 00:00 UTC−0.0099%/8h= −10.8% APRnext payment −$0.12 per $10,000 · paid last 24h +0.048%
Price spread now: Coinbase International against Phoenix−0.111%7-day average +0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$520.519% of the position
Funding, last 7 days+0.369%+$37 on $10k
+Price spread, last 3 days (all we have)+0.208%+$21 · spread now −0.111%, 7d avg +0.034%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Coinbase International is 0.146% cheaper against Phoenix than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.034%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.369%, 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 | 1.0513 | 0.0299 | pay 0.0037% / 1h | 30m 32s | $208K | $590K | 10x |
| Short | Coinbase International SUI-PERP-INTX | 1.0501 | 0.0200 | get 0.0025% / 1h | 30m 32s | $994K | $14.4M | 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
- −$20.76
- Price spread: −0.111% → +0.034%
- −$14.56
- Slippage, 4 orders
- −$34.94
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$87.26
- Costs to cover
- 0.519%
- 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 | 0.96 bp | 12.3 bp −$12 | 50.6 bp −$506 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 4 min ago | 3.81 bp | 14.1 bp −$14 | 21.4 bp −$214 | 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 | −0.3416% | 1h | 1.0330 | −1.738% | $42K | $123K | 12x | as long as short |
| Bluefin SUI-PERP | −0.0644% | 1h | 1.0479 | −0.321% | $602K | $409K | 25x | as long as short |
| Hibachi SUI/USDT-P | −0.0432% | 1h | 1.0492 | −0.195% | $6K | $18K | 7x | as long as short |
| Reya SUIRUSDPERP | −0.0371% | 1h | 1.0527 | +0.136% | $4K | $3K | 20x | as long as short |
| Phemex SUIUSDT | −0.0106% | 8h | 1.0497 | −0.149% | $11.8M | $25.1M | 50x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0539 | +0.249% | $97K | $169K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0506 | −0.064% | $482K | $5.0M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0495 | −0.168% | $204K | $583K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0002% | 1h | 1.0495 | −0.168% | $121K | — | 150x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0038% | 1h | 1.0497 | −0.151% | $7.3M | $23.8M | 50x | as long as short |
Injective SUI/USDC PERP
Bluefin SUI-PERP
Hibachi SUI/USDT-P
Reya SUIRUSDPERP
Phemex SUIUSDT
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Kraken Futures PF_SUIUSDShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUIUSD | +0.0080% | 1h | 1.0540 | +0.260% | $9K | $9K | 10x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0540 | +0.256% | $817K | $5.8M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0532 | +0.185% | $274K | $2.0M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0533 | +0.193% | $29K | $485K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0491 | −0.206% | $47K | $313K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0539 | +0.250% | $28K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0541 | +0.274% | $669K | $1.4M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0534 | +0.200% | $1.0M | $4.8M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0539 | +0.254% | $229K | $256K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0536 | +0.219% | $156.5M | $1.02B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0535 | +0.216% | $105.8M | $305.1M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0536 | +0.222% | $42.3M | $387.9M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0530 | +0.165% | $47K | $387K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0450 | −0.600% | $246K | $813 | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0538 | +0.241% | $170.3M | $80.9M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0540 | +0.260% | $154.7M | $293.9M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0526 | +0.127% | $51.3M | $52.8M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0528 | +0.146% | $69.3M | $165.4M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0539 | +0.250% | — | $81.5M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0506 | −0.064% | $679K | $1.1M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0491 | −0.208% | $2.4M | $2.9M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0495 | −0.167% | $171K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0526 | +0.122% | $458K | $7.4M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0504 | −0.083% | $241K | $479K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0543 | +0.288% | $120K | $755K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0510 | −0.026% | $3K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0492 | −0.197% | $6K | $2.3M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0494 | −0.178% | $646K | $18.5M | 75x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0534 | +0.201% | $1.5M | $3.9M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0493 | −0.183% | $40K | $16K | 3x | as long as short |
| Coinbase International SUI-PERP-INTXshort | +0.0200% | 1h | 1.0501 | −0.111% | $994K | $14.4M | 50x | |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0492 | −0.197% | $8.1M | $24.6M | 100x | as long as short |
| Phoenix SUIlong | +0.0299% | 1h | 1.0513 | long leg | $208K | $590K | 10x | |
| Hyperliquid SUI | +0.0412% | 1h | 1.0542 | +0.279% | $76.8M | $79.0M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0639% / S −0.0324% | 1h | 1.0493 | −0.187% | $913K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0889% | 1h | 1.0489 | −0.226% | $94K | $368K | 10x | as long as short |
01 Exchange SUIUSD
Lighter SUI
Lighter RH SUI
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
BloFin SUI-USDT
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD