Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%

Price spread now: Variational Omni against Phemex+0.007%7-day average +0.016% · you sell dearer than you buy

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

Long on Phemex Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.006%+$1 on $10k

Price spread, last 4 days (all we have)−0.151%−$15 · spread now +0.007%, 7d avg +0.016%

Together, before fees−0.145%+ Points / potential airdropVariational Omni: Active · farm board−$14 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SUIUSDT	1.0400	0.0100	pay 0.0100% / 8h	4h 47m	$12.0M	$26.6M	50x
Short	Variational Omni SUI	1.0401	0.0100	get 0.0100% / 8h	4h 47m	$2.4M	$3.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 PhemexbpFee Variational OmnibpOrdersPrice spread, now +0.007%Rate

Funding earned: $0
Price spread: +0.007% → +0.016%: −$0.92
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$12.92
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 6 min ago; Variational Omni: RFQ quote, 1 min ago. 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 Phemex live order book, 6 min ago	3.35 bp	10.9 bp −$11	26.2 bp −$262	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	3.22 bp	doesn't fit	13.1 bp −$131	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	−0.3244%	1h	1.0316	−0.808%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0375%	1h	1.0404	+0.037%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0304%	1h	1.0391	−0.084%	$6K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0398	−0.018%	$130K	$227K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0402	+0.014%	$520K	$4.9M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0402	+0.019%	$202K	$574K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0408	+0.077%	$113K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0402	+0.019%	$828K	$5.5M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0405	+0.045%	$297K	$2.2M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0425	+0.240%	$39K	$515K	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex SUI-USD-PERP	+0.0100%	8h	1.0412	+0.117%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0421	+0.207%	$688K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0406	+0.058%	$911K	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0402	+0.017%	$225K	$260K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0402	+0.015%	$151.5M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0400	+0.005%	$103.0M	$310.3M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0405	+0.048%	$41.2M	$388.6M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0430	+0.288%	$45K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0476	+0.731%	$246K	$6K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0401	+0.010%	$165.7M	$82.9M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0402	+0.019%	$150.9M	$293.2M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0407	+0.067%	$50.0M	$54.2M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0402	+0.019%	$68.0M	$171.3M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0401	+0.010%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0402	+0.019%	$682K	$1.4M	20x	as long as short
Variational Omni SUIshort	+0.0100%	8h	1.0401	+0.007%	$2.4M	$3.3M	—
edgeX SUIUSDC	+0.0100%	4h	1.0457	+0.547%	$170K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0461	+0.591%	$450K	$7.7M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0416	+0.154%	$233K	$486K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0427	+0.260%	$125K	$756K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0403	+0.029%	$48K	$195K	20x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0406	+0.058%	$2K	$1.8M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0396	−0.038%	$14K	$2.1M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0413	+0.125%	$573K	$19.7M	75x	as long as short
Phemex SUIUSDTlong	+0.0100%	8h	1.0400	long leg	$12.0M	$26.6M	50x
Extended SUI-USD	+0.0104%	1h	1.0400	+0.002%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0405	+0.044%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0112%	1h	1.0427	+0.260%	$9K	$3K	10x	as long as short
Bluefin SUI-PERP	+0.0115%	1h	1.0390	−0.096%	$595K	$402K	25x	as long as short
Kraken Futures PF_SUIUSD	+0.0162%	1h	1.0396	−0.038%	$6.9M	$27.0M	50x	as long as short
Coinbase International SUI-PERP-INTX	+0.0216%	1h	1.0410	+0.096%	$1.0M	$15.0M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0396	−0.038%	$8.0M	$25.0M	100x	as long as short
Phoenix SUI	+0.0390%	1h	1.0402	+0.016%	$211K	$421K	10x	as long as short
Hyperliquid SUI	+0.0453%	1h	1.0417	+0.164%	$75.7M	$81.5M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0616% / S −0.0267%	1h	1.0406	+0.060%	$962K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1508%	1h	1.0432	+0.311%	$83K	$394K	10x	as long as short