Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0316%/8h= −34.6% APRpaid last 24h −0.185%

Price spread now: Hibachi against Variational Omni+0.142%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 Hibachi

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 · Hibachi: Active · farm boardneeds both histories

The price spread pays, funding is against you. Hibachi is 0.142% dearer against Variational Omni than usual: you sell high and buy low (spread +0.142% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 36 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SUI	1.0530	0.0100	pay 0.0100% / 8h	5h 27m	$2.4M	$3.2M	—
Short	Hibachi SUI/USDT-P	1.0545	−0.0216	pay 0.0027% / 1h	27m 50s	$6K	$19K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi 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 HibachibpOrdersPrice spread, now +0.142%Rate

Funding earned: −$66.36
Price spread: +0.142% → 0.000%: $14.2
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$61.16
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Hibachi: 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	3.22 bp	doesn't fit	11.6 bp −$116	doesn't fit	doesn't fit
Sell Hibachi no order-book sample	—	—	—	—	—

Hibachi: 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	1.0488	−0.402%	$43K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0374%	1h	1.0526	−0.042%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-Pshort	−0.0216%	1h	1.0545	+0.142%	$6K	$19K	7x
dYdX SUI-USD	0.0000%	1h	1.0530	−0.004%	$96K	$168K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0533	+0.026%	$540K	$4.9M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0518	−0.117%	$204K	$575K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0528	−0.021%	$115K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0546	+0.152%	$840K	$5.6M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0524	−0.061%	$285K	$2.1M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0525	−0.051%	$35K	$501K	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	1.0530	−0.005%	$28K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0522	−0.074%	$723K	$1.9M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0530	−0.002%	$927K	$4.6M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0528	−0.018%	$230K	$259K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0543	+0.121%	$154.2M	$1.03B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0544	+0.130%	$103.9M	$308.5M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0543	+0.120%	$41.4M	$390.1M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0520	−0.098%	$45K	$373K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0420	−1.053%	$245K	$4K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0539	+0.082%	$168.8M	$83.1M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0535	+0.044%	$152.9M	$293.6M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0535	+0.044%	$51.9M	$53.5M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0539	+0.082%	$69.1M	$169.0M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0542	+0.111%	—	$82.1M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0527	−0.032%	$697K	$1.3M	20x	as long as short
Variational Omni SUIlong	+0.0100%	8h	1.0530	long leg	$2.4M	$3.2M	—
edgeX SUIUSDC	+0.0100%	4h	1.0466	−0.609%	$170K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0557	+0.255%	$463K	$7.5M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0545	+0.139%	$239K	$469K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0535	+0.044%	$124K	$717K	10x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0517	−0.127%	$48K	$236K	20x	as long as short
Bluefin SUI-PERP	+0.0100%	1h	1.0501	−0.279%	$601K	$407K	25x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0543	+0.120%	$2K	$1.8M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0518	−0.117%	$14K	$2.1M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0525	−0.051%	$601K	$19.6M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0521	−0.089%	$11.7M	$26.1M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0537	+0.067%	$1.5M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0521	−0.092%	$40K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0152%	1h	1.0525	−0.051%	$9K	$3K	10x	as long as short
Coinbase International SUI-PERP-INTX	+0.0176%	1h	1.0521	−0.089%	$992K	$14.9M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0521	−0.089%	$8.1M	$25.2M	100x	as long as short
Kraken Futures PF_SUIUSD	+0.0286%	1h	1.0522	−0.080%	$6.9M	$26.9M	50x	as long as short
Phoenix SUI	+0.0362%	1h	1.0537	+0.068%	$214K	$561K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0623% / S −0.0272%	1h	1.0529	−0.015%	$980K	—	100x	as long as short
Hyperliquid SUI	+0.0689%	1h	1.0558	+0.263%	$76.9M	$81.0M	10x	as long as short
Aftermath Perps SUIUSD	+0.1326%	1h	1.0508	−0.208%	$84K	$388K	10x	as long as short