Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h +0.009%

Price spread now: 01 Exchange against Variational Omni+0.415%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 01 Exchange

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 · farm boardneeds both histories

The price spread pays, funding is against you. 01 Exchange is 0.415% dearer against Variational Omni than usual: you sell high and buy low (spread +0.415% now, against zero (this spread has no 7-day history yet)): +$41 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 4 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SUI	1.0349	0.0100	pay 0.0100% / 8h	2m 53s	$2.3M	$2.9M	—
Short	01 Exchange SUIUSD	1.0392	0.0088	get 0.0011% / 1h	2m 53s	$9K	$9K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.415%Rate

Funding earned: −$2.52
Price spread: +0.415% → 0.000%: $41.45
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $31.93
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; 01 Exchange: 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, 1 min ago	3.28 bp	doesn't fit	10.3 bp −$103	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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	−0.3474%	1h	1.0288	−0.590%	$42K	$123K	12x	as long as short
Hibachi SUI/USDT-P	−0.0376%	1h	1.0390	+0.398%	$6K	$19K	7x	as long as short
Reya SUIRUSDPERP	−0.0370%	1h	1.0390	+0.392%	$4K	$3K	20x	as long as short
Bluefin SUI-PERP	−0.0062%	1h	1.0380	+0.299%	$595K	$406K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0393	+0.420%	$95K	$175K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0397	+0.463%	$464K	$5.2M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0395	+0.443%	$202K	$587K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0393	+0.426%	$120K	—	150x	as long as short
01 Exchange SUIUSDshort	+0.0088%	1h	1.0392	+0.415%	$9K	$9K	10x
Lighter SUI	+0.0096%	1h	1.0393	+0.421%	$799K	$5.9M	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 SUI	+0.0096%	1h	1.0397	+0.468%	$261K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0391	+0.405%	$41K	$493K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0391	+0.405%	$46K	$327K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0388	+0.372%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0388	+0.381%	$658K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0393	+0.423%	$1.0M	$4.8M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0391	+0.403%	$225K	$259K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0390	+0.393%	$154.1M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0391	+0.409%	$104.4M	$307.8M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0388	+0.376%	$41.8M	$388.7M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0390	+0.395%	$46K	$387K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0389	+0.386%	$167.6M	$81.8M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0392	+0.415%	$151.2M	$292.9M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0386	+0.357%	$51.3M	$52.8M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0387	+0.366%	$68.6M	$167.8M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0390	+0.395%	—	$81.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0393	+0.424%	$667K	$1.1M	20x	as long as short
Variational Omni SUIlong	+0.0100%	8h	1.0349	long leg	$2.3M	$2.9M	—
edgeX SUIUSDC	+0.0100%	4h	1.0363	+0.131%	$168K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0382	+0.315%	$446K	$7.1M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0366	+0.163%	$236K	$444K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0398	+0.472%	$108K	$771K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0407	+0.559%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0393	+0.424%	$6K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0391	+0.405%	$653K	$18.5M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0391	+0.405%	$11.6M	$25.0M	50x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0379	+0.285%	$244K	$2K	10x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0388	+0.376%	$1.4M	$3.8M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0398	+0.477%	$49K	$37K	3x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0392	+0.415%	$8.0M	$24.3M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0224%	1h	1.0395	+0.443%	$1.0M	$14.1M	50x	as long as short
Kraken Futures PF_SUIUSD	+0.0272%	1h	1.0399	+0.479%	$7.2M	$24.2M	50x	as long as short
Phoenix SUI	+0.0327%	1h	1.0401	+0.506%	$206K	$593K	10x	as long as short
Hyperliquid SUI	+0.0616%	1h	1.0407	+0.555%	$75.6M	$80.9M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0638% / S −0.0305%	1h	1.0392	+0.414%	$900K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0831%	1h	1.0384	+0.335%	$94K	$382K	10x	as long as short