Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter RH against Variational Omni−0.009%7-day average −0.013% · you buy dearer than you sell

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

Long on Variational Omni Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.001%$0 on $10k

Price spread, last 7 days−0.056%−$6 · spread now −0.009%, 7d avg −0.013%

Together, before fees−0.055%+ Points / potential airdropVariational Omni: Active · Lighter RH: Points live · farm board−$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SUI	1.0342	0.0100	pay 0.0100% / 8h	3h 31m	$2.5M	$3.4M	—
Short	Lighter RH SUI	1.0341	0.0096	get 0.0012% / 1h	31m 10s	$308K	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Variational Omni. 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 Variational OmnibpFee Lighter RHbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$0.84
Price spread: −0.009% → −0.013%: $0.4
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$0.44
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Lighter RH: live order book, 2 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 Variational Omni RFQ quote, 3 min ago	3.19 bp	doesn't fit	11.2 bp −$112	doesn't fit	doesn't fit
Sell Lighter RH live order book, 2 min ago	2.57 bp	2.6 bp −$3	10.7 bp −$107	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	−0.3470%	1h	1.0224	−1.138%	$42K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0377%	1h	1.0335	−0.062%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0216%	1h	1.0306	−0.349%	$6K	$19K	7x	as long as short
Kraken Futures PF_SUIUSD	−0.0067%	1h	1.0345	+0.027%	$6.8M	$26.5M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0313	−0.277%	$129K	$227K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0323	−0.178%	$495K	$5.0M	2.5x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0338	−0.036%	$116K	—	150x	as long as short
Deribit SUI_USDC-PERPETUAL	+0.0040%	1h	1.0346	+0.042%	$201K	$572K	25x	as long as short
Bluefin SUI-PERP	+0.0052%	1h	1.0331	−0.103%	$592K	$406K	25x	as long as short
Lighter SUI	+0.0096%	1h	1.0346	+0.045%	$792K	$5.4M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SUIshort	+0.0096%	1h	1.0341	−0.009%	$308K	$2.2M	10x
Popdex SUIUSDT	+0.0096%	1h	1.0329	−0.123%	$45K	$515K	50x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0310	−0.303%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0338	−0.031%	$586K	$2.0M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0341	−0.008%	$893K	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0315	−0.258%	$223K	$259K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0340	−0.012%	$149.3M	$1.02B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0335	−0.065%	$101.6M	$308.0M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0335	−0.065%	$40.6M	$386.6M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0330	−0.113%	$44K	$330K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0310	−0.306%	$242K	$5K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0338	−0.036%	$170.3M	$81.4M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0336	−0.055%	$153.4M	$294.0M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0338	−0.036%	$50.6M	$54.1M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0332	−0.094%	$67.4M	$172.4M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0337	−0.045%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0337	−0.045%	$653K	$1.3M	20x	as long as short
Variational Omni SUIlong	+0.0100%	8h	1.0342	long leg	$2.5M	$3.4M	—
edgeX SUIUSDC	+0.0100%	4h	1.0308	−0.325%	$168K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0309	−0.316%	$444K	$7.6M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0310	−0.306%	$226K	$431K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0344	+0.022%	$124K	$735K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0342	+0.003%	$47K	$163K	20x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0360	+0.177%	$2K	$1.7M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0343	+0.013%	$14K	$2.0M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0339	−0.026%	$590K	$19.5M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0343	+0.013%	$11.9M	$27.0M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0340	−0.017%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0350	+0.080%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0152%	1h	1.0330	−0.113%	$9K	$3K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0340	−0.016%	$7.8M	$24.8M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0339	−0.026%	$978K	$15.1M	50x	as long as short
Phoenix SUI	+0.0408%	1h	1.0326	−0.155%	$209K	$415K	10x	as long as short
Hyperliquid SUI	+0.0412%	1h	1.0346	+0.042%	$74.8M	$80.9M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0611% / S −0.0266%	1h	1.0338	−0.038%	$956K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1483%	1h	1.0337	−0.046%	$82K	$402K	10x	as long as short