Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0250%/8h= +27.4% APRpaid last 24h +0.074%

Price spread now: Variational Omni against Bluefin+0.118%7-day average +0.149% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bluefin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.161%+$16 on $10k

Price spread, last 3 days (all we have)−0.196%−$20 · spread now +0.118%, 7d avg +0.149%

Together, before fees−0.035%+ Points / potential airdropVariational Omni: Active · farm board−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.031% cheaper against Bluefin than usual: you would sell low and buy high (spread +0.118% now, against its 7-day average of +0.149%). If the spread goes back, that is −$3 on $10k: about 10 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin SUI-PERP	1.0228	−0.0150	get 0.0019% / 1h	8m 42s	$586K	$404K	25x
Short	Variational Omni SUI	1.0240	0.0100	get 0.0100% / 8h	1h 08m	$2.3M	$2.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bluefin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BluefinbpFee Variational OmnibpOrdersPrice spread, now +0.118%Rate

Funding earned: $52.49
Price spread: +0.118% → +0.149%: −$3.07
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $42.42
Costs to cover: 0.070%
Break-even: 1.3 days

Slippage unknown: Bluefin: live order book, 10 min ago; Variational Omni: RFQ quote, just now. Net counts fees only.

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 Bluefin live order book, 10 min ago	1.47 bp	14.3 bp −$14	55.5 bp −$555	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, just now	3.22 bp	doesn't fit	10.1 bp −$101	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	−0.2926%	1h	1.0157	−0.694%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0368%	1h	1.0236	+0.080%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0264%	1h	1.0234	+0.060%	$6K	$19K	7x	as long as short
Bluefin SUI-PERPlong	−0.0150%	1h	1.0228	long leg	$586K	$404K	25x
dYdX SUI-USD	0.0000%	1h	1.0241	+0.128%	$93K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0242	+0.138%	$457K	$5.5M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0241	+0.127%	$190K	$575K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0239	+0.108%	$118K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0242	+0.135%	$785K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0247	+0.181%	$258K	$2.0M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex SUIUSDT	+0.0096%	1h	1.0238	+0.098%	$37K	$500K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0099%	8h	1.0238	+0.098%	$45K	$330K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0240	+0.113%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0237	+0.093%	$591K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0243	+0.142%	$1.0M	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0242	+0.137%	$222K	$263K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0241	+0.130%	$150.6M	$1.02B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0241	+0.131%	$102.4M	$306.5M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0239	+0.108%	$41.0M	$381.9M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0230	+0.020%	$45K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0242	+0.138%	$241K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0236	+0.078%	$164.5M	$81.0M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0240	+0.117%	$148.3M	$297.6M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0237	+0.088%	$51.4M	$52.1M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0232	+0.039%	$67.5M	$168.4M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0236	+0.078%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0241	+0.127%	$649K	$1.1M	20x	as long as short
Variational Omni SUIshort	+0.0100%	8h	1.0240	+0.118%	$2.3M	$2.8M	—
edgeX SUIUSDC	+0.0100%	4h	1.0239	+0.109%	$165K	$4.4M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0238	+0.101%	$448K	$7.0M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0235	+0.068%	$232K	$441K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0248	+0.196%	$107K	$793K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0251	+0.225%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0242	+0.137%	$6K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0241	+0.127%	$630K	$18.6M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0241	+0.127%	$11.5M	$24.7M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0232	+0.043%	$1.4M	$3.7M	50x	as long as short
01 Exchange SUIUSD	+0.0104%	1h	1.0251	+0.225%	$9K	$9K	10x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0241	+0.130%	$48K	$37K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0241	+0.127%	$7.9M	$23.7M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0251	+0.225%	$973K	$13.9M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0297%	1h	1.0246	+0.181%	$7.1M	$24.1M	50x	as long as short
Phoenix SUI	+0.0346%	1h	1.0252	+0.237%	$203K	$574K	10x	as long as short
Hyperliquid SUI	+0.0527%	1h	1.0256	+0.274%	$73.2M	$80.2M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0636% / S −0.0309%	1h	1.0237	+0.086%	$894K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0752%	1h	1.0245	+0.168%	$93K	$381K	10x	as long as short