Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0471%/8h= −51.6% APRpaid last 24h −0.135%

Price spread now: Reya against Variational Omni+0.094%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · Reya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Reya is 0.094% dearer against Variational Omni than usual: you sell high and buy low (spread +0.094% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SUI	1.0698	0.0100	pay 0.0100% / 8h	7h 12m	$2.5M	$2.9M	—
Short	Reya SUIRUSDPERP	1.0708	−0.0371	pay 0.0046% / 1h	12m 05s	$4K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Variational Omni. 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 Variational OmnibpFee ReyabpOrdersPrice spread, now +0.094%Rate

Funding earned: −$98.95
Price spread: +0.094% → 0.000%: $9.45
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: −$95.5
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Reya: no order-book sample. 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, 2 min ago	3.22 bp	doesn't fit	10.8 bp −$108	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1.0537	−1.503%	$43K	$123K	12x	as long as short
Hibachi SUI/USDT-P	−0.0488%	1h	1.0704	+0.061%	$6K	$18K	7x	as long as short
Bluefin SUI-PERP	−0.0475%	1h	1.0689	−0.083%	$613K	$413K	25x	as long as short
Reya SUIRUSDPERPshort	−0.0371%	1h	1.0708	+0.094%	$4K	$3K	20x
dYdX SUI-USD	0.0000%	1h	1.0704	+0.059%	$98K	$170K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0708	+0.095%	$578K	$4.9M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0711	+0.123%	$208K	$581K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0712	+0.129%	$115K	—	150x	as long as short
Phemex SUIUSDT	+0.0009%	8h	1.0698	+0.001%	$12.0M	$25.2M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0037%	1h	1.0716	+0.170%	$7.4M	$24.1M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SUIUSD	+0.0048%	1h	1.0699	+0.011%	$9K	$9K	10x	as long as short
Lighter SUI	+0.0096%	1h	1.0713	+0.142%	$836K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0699	+0.015%	$284K	$2.1M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0703	+0.048%	$33K	$475K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0704	+0.058%	$50K	$309K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0757	+0.557%	$28K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0700	+0.020%	$702K	$1.5M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0711	+0.121%	$1.1M	$4.8M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0707	+0.081%	$234K	$251K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0698	−0.002%	$157.9M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0696	−0.015%	$106.7M	$307.3M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0694	−0.036%	$42.6M	$397.3M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0700	+0.020%	$47K	$381K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0632	−0.615%	$250K	$3K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0699	+0.011%	$175.0M	$83.1M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0701	+0.030%	$157.3M	$301.0M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0697	−0.008%	$51.9M	$53.1M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0691	−0.064%	$69.7M	$168.8M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0699	+0.011%	—	$81.9M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0696	−0.017%	$681K	$1.1M	20x	as long as short
Variational Omni SUIlong	+0.0100%	8h	1.0698	long leg	$2.5M	$2.9M	—
edgeX SUIUSDC	+0.0100%	4h	1.0704	+0.062%	$174K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0714	+0.152%	$469K	$7.2M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0712	+0.132%	$238K	$490K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0718	+0.188%	$125K	$749K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0712	+0.132%	$2K	$1.8M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0708	+0.095%	$6K	$2.2M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0706	+0.076%	$666K	$19.1M	75x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0705	+0.068%	$1.5M	$4.0M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0710	+0.113%	$41K	$16K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0200%	1h	1.0713	+0.142%	$1.0M	$14.9M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0710	+0.114%	$8.2M	$25.8M	100x	as long as short
Phoenix SUI	+0.0299%	1h	1.0718	+0.190%	$212K	$590K	10x	as long as short
Hyperliquid SUI	+0.0434%	1h	1.0713	+0.142%	$77.8M	$79.5M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0641% / S −0.0332%	1h	1.0714	+0.146%	$947K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0855%	1h	1.0701	+0.034%	$79K	$379K	10x	as long as short