Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.005%

Price spread now: Variational Omni against 01 Exchange+0.515%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on Variational Omni

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. Variational Omni is 0.515% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.515% now, against zero (this spread has no 7-day history yet)): +$52 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 23 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange SUIUSD	1.0563	0.0176	pay 0.0022% / 1h	15m 12s	$9K	$3K	10x
Short	Variational Omni SUI	1.0617	0.0100	get 0.0100% / 8h	5h 15m	$2.4M	$3.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against 01 Exchange. 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 01 ExchangebpFee Variational OmnibpOrdersPrice spread, now +0.515%Rate

Funding earned: −$15.96
Price spread: +0.515% → 0.000%: $51.53
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $28.57
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: 01 Exchange: no order-book sample; Variational Omni: RFQ quote, 4 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 4 min ago	3.20 bp	doesn't fit	12.6 bp −$126	doesn't fit	doesn't fit

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	−0.3542%	1h	1.0527	−0.341%	$43K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0374%	1h	1.0551	−0.111%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0248%	1h	1.0614	+0.485%	$6K	$19K	7x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0573	+0.094%	$133K	$210K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0559	−0.042%	$522K	$4.9M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0561	−0.019%	$205K	$575K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0560	−0.028%	$115K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0565	+0.023%	$841K	$5.6M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0567	+0.036%	$287K	$2.1M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0558	−0.047%	$38K	$509K	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	1.0571	+0.080%	$28K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0556	−0.062%	$725K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0563	−0.003%	$923K	$4.7M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0573	+0.091%	$232K	$259K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0560	−0.030%	$154.6M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0558	−0.047%	$104.1M	$309.0M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0558	−0.047%	$41.9M	$391.8M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0560	−0.028%	$45K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0557	−0.057%	$248K	$4K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0557	−0.057%	$168.8M	$83.6M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0558	−0.047%	$154.7M	$295.3M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0561	−0.019%	$51.3M	$53.9M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0554	−0.085%	$68.9M	$169.6M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0555	−0.076%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0556	−0.066%	$710K	$1.3M	20x	as long as short
Variational Omni SUIshort	+0.0100%	8h	1.0617	+0.515%	$2.4M	$3.3M	—
edgeX SUIUSDC	+0.0100%	4h	1.0624	+0.578%	$173K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0612	+0.461%	$463K	$7.5M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0628	+0.615%	$240K	$484K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0570	+0.066%	$114K	$749K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0563	0.000%	$48K	$235K	20x	as long as short
Bluefin SUI-PERP	+0.0100%	1h	1.0548	−0.142%	$604K	$404K	25x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0566	+0.028%	$2K	$1.8M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0562	−0.009%	$15K	$2.1M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0554	−0.085%	$606K	$19.6M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0565	+0.019%	$12.1M	$26.8M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0557	−0.055%	$1.5M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0568	+0.043%	$40K	$11K	3x	as long as short
01 Exchange SUIUSDlong	+0.0176%	1h	1.0563	long leg	$9K	$3K	10x
Coinbase International SUI-PERP-INTX	+0.0176%	1h	1.0576	+0.123%	$995K	$15.0M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0563	0.000%	$8.0M	$25.3M	100x	as long as short
Kraken Futures PF_SUIUSD	+0.0284%	1h	1.0564	+0.005%	$6.9M	$26.9M	50x	as long as short
Phoenix SUI	+0.0362%	1h	1.0639	+0.719%	$216K	$561K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0624% / S −0.0272%	1h	1.0559	−0.035%	$983K	—	100x	as long as short
Hyperliquid SUI	+0.0693%	1h	1.0574	+0.104%	$77.0M	$81.8M	10x	as long as short
Aftermath Perps SUIUSD	+0.1406%	1h	1.0598	+0.328%	$85K	$390K	10x	as long as short