Funding arb · Price arb /

SUN

all SUN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.112%

Price spread now: Injective against Variational Omni+7.795%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 Injective

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. Injective is 7.795% dearer against Variational Omni than usual: you sell high and buy low (spread +7.795% now, against zero (this spread has no 7-day history yet)): +$780 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 13 months.

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 56m	$143K	$70	—
Short	Injective SUN/USDC PERP	0.01861	0.0033	get 0.0004% / 1h	56m 49s	—	$16	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +7.795%Rate

Funding earned: −$14
Price spread: +7.795% → 0.000%: $779.52
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $765.5
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 27 min ago; Injective: 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, 27 min ago	8.69 bp	doesn't fit	773.7 bp −$7,737	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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.

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 PERPshort	+0.0033%	1h	0.01861	+7.795%	—	$16	5.5x
Binance SUNUSDT	+0.0100%	4h	0.01728	+0.080%	$2.0M	$1.3M	50x	as long as short
Bybit SUNUSDT	+0.0100%	4h	0.01727	+0.033%	$1.5M	$287K	50x	as long as short
Gate SUN_USDT	+0.0100%	8h	0.01729	+0.126%	$129K	$57K	50x	as long as short
MEXC SUN_USDT	+0.0100%	4h	0.01728	+0.068%	$11.7M	$268K	125x	as long as short
KuCoin SUNUSDTM	+0.0100%	4h	0.01728	+0.074%	$314K	$56K	20x	as long as short
Bitget SUNUSDT	+0.0100%	4h	0.01726	+0.005%	$461K	$135K	50x	as long as short
BingX SUN-USDT	+0.0100%	4h	0.01727	+0.039%	—	$2.3M	—	as long as short
Variational Omni SUNlong	+0.0100%	4h	0.01726	long leg	$143K	$70	—
SunX SUN-USDT	+0.0100%	4h	0.01728	+0.068%	$26K	$917K	20x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SUN-USDT	+0.0100%	4h	0.01728	+0.068%	$317K	$28K	50x	as long as short
BloFin SUN-USDT	+0.0118%	4h	0.01727	+0.051%	$131K	$39K	50x	as long as short