Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against Variational Omni+0.024%7-day average +0.012% · you sell dearer than you buy

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

Long on Variational Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.004%$0 on $10k

Price spread, last 7 days+0.024%+$2 · spread now +0.024%, 7d avg +0.012%

Together, before fees+0.028%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SUI	1.0144	0.0100	pay 0.0100% / 8h	15m 12s	$2.4M	$3.4M	—
Short	Lighter SUI	1.0146	0.0096	get 0.0012% / 1h	15m 12s	$754K	$5.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$0.84
Price spread: +0.024% → +0.012%: $1.2
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: $0.36
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Lighter: 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, 4 min ago	3.26 bp	doesn't fit	10.4 bp −$104	doesn't fit	doesn't fit
Sell Lighter live order book, 8 min ago	1.92 bp	4.1 bp −$4	15.7 bp −$157	104.7 bp −$10.5K	doesn't fit

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	−0.2780%	1h	0.9983	−1.586%	$41K	$113K	12x	as long as short
Reya SUIRUSDPERP	−0.0381%	1h	1.0136	−0.081%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0296%	1h	1.0148	+0.041%	$5K	$19K	7x	as long as short
Bluefin SUI-PERP	−0.0133%	1h	1.0131	−0.127%	$581K	$454K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0147	+0.030%	$95K	$257K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0142	−0.018%	$388K	$4.2M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0144	+0.001%	$195K	$555K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0141	−0.032%	$114K	—	150x	as long as short
Lighter SUIshort	+0.0096%	1h	1.0146	+0.024%	$754K	$5.1M	10x
Lighter RH SUI	+0.0096%	1h	1.0146	+0.018%	$297K	$2.2M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex SUIUSDT	+0.0096%	1h	1.0149	+0.050%	$43K	$527K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0143	−0.009%	$47K	$256K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0151	+0.067%	$27K	$8K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0142	−0.019%	$675K	$2.2M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0146	+0.017%	$900K	$4.2M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0149	+0.055%	$216K	$253K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0144	+0.001%	$145.9M	$990.9M	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0140	−0.039%	$97.6M	$309.9M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0143	−0.009%	$40.8M	$367.6M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0150	+0.060%	$43K	$324K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0147	+0.034%	$232K	$7K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0141	−0.029%	$167.8M	$82.4M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0143	−0.009%	$121.8M	$289.5M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0144	+0.001%	$50.9M	$52.1M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0137	−0.068%	$66.9M	$168.3M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0141	−0.029%	—	$88.3M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0144	+0.001%	$668K	$1.3M	20x	as long as short
Variational Omni SUIlong	+0.0100%	8h	1.0144	long leg	$2.4M	$3.4M	—
edgeX SUIUSDC	+0.0100%	4h	1.0152	+0.084%	$163K	$4.3M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0148	+0.040%	$442K	$7.1M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0147	+0.030%	$205K	$370K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0147	+0.030%	$122K	$533K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0161	+0.168%	$3K	$1.6M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0143	−0.009%	$6K	$1.7M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0145	+0.011%	$632K	$18.4M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0143	−0.009%	$11.7M	$28.2M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0139	−0.047%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0141	−0.029%	$38K	$11K	3x	as long as short
Hyperliquid SUI	+0.0106%	1h	1.0150	+0.060%	$73.1M	$77.8M	10x	as long as short
Kraken Futures PF_SUIUSD	+0.0119%	1h	1.0143	−0.012%	$6.8M	$21.6M	50x	as long as short
01 Exchange SUIUSD	+0.0136%	1h	1.0152	+0.080%	$8K	$3K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0142	−0.019%	$7.5M	$24.4M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0328%	1h	1.0169	+0.247%	$1.0M	$14.4M	50x	as long as short
Phoenix SUI	+0.0393%	1h	1.0156	+0.121%	$202K	$400K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0601% / S −0.0263%	1h	1.0141	−0.032%	$932K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1267%	1h	1.0144	−0.004%	$82K	$409K	10x	as long as short