Funding arb · Price arb /

SUN

all SUN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.132%

Price spread now: Bybit against Variational Omni+0.239%7-day average +0.036% · you sell dearer than you buy

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

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.262%+$26 on $10k

Price spread, last 3 days (all we have)−0.141%−$14 · spread now +0.239%, 7d avg +0.036%

Together, before fees+0.120%+ Points / potential airdropVariational Omni: Active · farm board+$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.203% dearer against Variational Omni than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SUN	0.01726	0.0100	pay 0.0050% / 4h	1h 02m	$143K	$70	—
Short	Bybit SUNUSDT	0.01730	0.0100	get 0.0050% / 4h	1h 02m	$1.5M	$289K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.239%Rate

Funding earned: $0
Price spread: +0.239% → +0.036%: $20.3
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $9.3
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 16 min ago; Bybit: live order book, 8 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, 16 min ago	8.69 bp	doesn't fit	709.5 bp −$7,095	doesn't fit	doesn't fit
Sell Bybit live order book, 8 min ago	2.90 bp	28.2 bp −$28	doesn't fit	doesn't fit	doesn't fit

SUN on 12 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 SUN/USDC PERP	+0.0033%	1h	0.01861	+7.805%	—	$16	5.5x	as long as short
BloFin SUN-USDT	+0.0074%	4h	0.01729	+0.170%	$130K	$39K	50x	as long as short
Binance SUNUSDT	+0.0100%	4h	0.01731	+0.268%	$2.0M	$1.3M	50x	as long as short
Bybit SUNUSDTshort	+0.0100%	4h	0.01730	+0.239%	$1.5M	$289K	50x
Gate SUN_USDT	+0.0100%	8h	0.01730	+0.222%	$131K	$58K	50x	as long as short
MEXC SUN_USDT	+0.0100%	4h	0.01730	+0.239%	$11.7M	$277K	125x	as long as short
KuCoin SUNUSDTM	+0.0100%	4h	0.01730	+0.234%	$315K	$56K	20x	as long as short
Bitget SUNUSDT	+0.0100%	4h	0.01730	+0.210%	$461K	$136K	50x	as long as short
BingX SUN-USDT	+0.0100%	4h	0.01730	+0.193%	—	$2.3M	—	as long as short
Variational Omni SUNlong	+0.0100%	4h	0.01726	long leg	$143K	$70	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SUN-USDT	+0.0100%	4h	0.01731	+0.251%	$26K	$929K	20x	as long as short
HTX SUN-USDT	+0.0100%	4h	0.01730	+0.239%	$317K	$30K	50x	as long as short