Funding you earn now, next payment 06:00 UTC−0.0066%/8h= −7.2% APRnext payment −$0.08 per $10,000 · paid last 24h −0.038%
Price spread now: Kraken Futures against Phoenix−0.294%7-day average −0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$470.469% of the position
Funding, last 7 days+0.049%+$5 on $10k
+Price spread, last 4 days (all we have)+0.352%+$35 · spread now −0.294%, 7d avg −0.065%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Kraken Futures is 0.229% cheaper against Phoenix than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.065%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SUI | 1.0208 | 0.0431 | pay 0.0054% / 1h | 22m 56s | $202K | $413K | 10x |
| Short | Kraken Futures PF_SUIUSD | 1.0178 | 0.0365 | get 0.0046% / 1h | 22m 56s | $6.8M | $22.3M | 50x |
Phoenix SUI
Kraken Futures PF_SUIUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$13.86
- Price spread: −0.294% → −0.065%
- −$22.91
- Slippage, 4 orders
- −$29.87
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$83.64
- Costs to cover
- 0.469%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 19 min ago; Kraken Futures: live order book, 1 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, 19 min ago | 0.99 bp | 12.4 bp −$12 | 50.7 bp −$507 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 0.98 bp | 11.6 bp −$12 | 13.7 bp −$137 | 33.6 bp −$3,362 | 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 | −0.3536% | 1h | 1.0080 | −1.255% | $41K | $113K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0380% | 1h | 1.0166 | −0.412% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0240% | 1h | 1.0182 | −0.257% | $5K | $21K | 7x | as long as short |
| Bluefin SUI-PERP | −0.0086% | 1h | 1.0162 | −0.452% | $583K | $424K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0178 | −0.295% | $95K | $258K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0183 | −0.245% | $373K | $4.9M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0178 | −0.295% | $196K | $563K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0176 | −0.318% | $115K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0178 | −0.294% | $787K | $5.3M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0178 | −0.294% | $298K | $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
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
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 | 1.0167 | −0.403% | $37K | $521K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0100% | 8h | 1.0176 | −0.314% | $47K | $217K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0178 | −0.300% | $27K | $8K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0164 | −0.432% | $536K | $2.1M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0184 | −0.240% | $899K | $4.3M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0181 | −0.266% | $218K | $260K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0183 | −0.242% | $145.7M | $1.01B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0183 | −0.246% | $98.6M | $315.0M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0186 | −0.216% | $41.2M | $377.1M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0170 | −0.373% | $43K | $328K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0119 | −0.871% | $238K | $2K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0182 | −0.256% | $167.4M | $83.5M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0184 | −0.236% | $152.7M | $292.3M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0184 | −0.236% | $50.1M | $52.8M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0181 | −0.265% | $67.0M | $172.2M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0184 | −0.236% | — | $86.8M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0176 | −0.314% | $669K | $1.3M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0199 | −0.092% | $2.4M | $3.5M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0162 | −0.452% | $163K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0172 | −0.354% | $440K | $7.2M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0168 | −0.393% | $223K | $379K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0174 | −0.334% | $127K | $673K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0182 | −0.256% | $2K | $1.6M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0178 | −0.295% | $5K | $1.8M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0172 | −0.354% | $627K | $18.5M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0182 | −0.256% | $11.8M | $28.2M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0182 | −0.260% | $1.4M | $4.0M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0182 | −0.257% | $39K | $11K | 3x | as long as short |
| 01 Exchange SUIUSD | +0.0192% | 1h | 1.0170 | −0.373% | $9K | $2K | 10x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0173 | −0.344% | $7.5M | $24.5M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0280% | 1h | 1.0198 | −0.099% | $1.0M | $14.7M | 50x | as long as short |
| Kraken Futures PF_SUIUSDshort | +0.0365% | 1h | 1.0178 | −0.294% | $6.8M | $22.3M | 50x | |
| Phoenix SUIlong | +0.0431% | 1h | 1.0208 | long leg | $202K | $413K | 10x | |
| Hyperliquid SUI | +0.0439% | 1h | 1.0196 | −0.114% | $73.3M | $81.3M | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0601% / S −0.0263% | 1h | 1.0175 | −0.323% | $935K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.1367% | 1h | 1.0175 | −0.329% | $82K | $410K | 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
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Phemex SUIUSDT
Extended SUI-USD
Aevo SUI-PERP
01 Exchange SUIUSD
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD