Funding arb · Price arb /

SUI

all SUI 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 0.000%

Price spread now: Variational Omni against Bybit+0.003%7-day average +0.009% · you sell dearer than you buy

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 7 days−0.026%−$3 · spread now +0.003%, 7d avg +0.009%

Together, before fees−0.026%+ Points / potential airdropVariational Omni: Active · 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	Bybit SUIUSDT	1.0181	0.0100	pay 0.0100% / 8h	2h 07m	$101.9M	$306.9M	50x
Short	Variational Omni SUI	1.0181	0.0100	get 0.0100% / 8h	2h 07m	$2.2M	$2.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. 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 BybitbpFee Variational OmnibpOrdersPrice spread, now +0.003%Rate

Funding earned: $0
Price spread: +0.003% → +0.009%: −$0.53
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$11.53
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 1 min ago; Variational Omni: RFQ quote, 1 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 Bybit live order book, 1 min ago	0.49 bp	9.4 bp −$9	16.0 bp −$160	43.2 bp −$4,323	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	3.24 bp	doesn't fit	12.1 bp −$121	doesn't fit	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	−0.2398%	1h	1.0093	−0.864%	$41K	$123K	12x	as long as short
Hibachi SUI/USDT-P	−0.0496%	1h	1.0194	+0.129%	$6K	$18K	7x	as long as short
Reya SUIRUSDPERP	−0.0367%	1h	1.0178	−0.032%	$4K	$3K	20x	as long as short
Bluefin SUI-PERP	−0.0117%	1h	1.0165	−0.157%	$582K	$405K	25x	as long as short
Kraken Futures PF_SUIUSD	−0.0022%	1h	1.0182	+0.005%	$7.0M	$24.0M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0179	−0.015%	$93K	$66K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0185	+0.044%	$457K	$5.5M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0181	0.000%	$186K	$547K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0180	−0.012%	$118K	—	150x	as long as short
01 Exchange SUIUSD	+0.0088%	1h	1.0180	−0.010%	$9K	$9K	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SUI	+0.0096%	1h	1.0182	+0.008%	$775K	$5.9M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0185	+0.040%	$251K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0177	−0.039%	$36K	$503K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0098%	8h	1.0178	−0.029%	$44K	$377K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0177	−0.041%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0175	−0.059%	$594K	$1.3M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0183	+0.023%	$998K	$4.5M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0182	+0.006%	$220K	$261K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0180	−0.010%	$150.9M	$1.03B	75x	as long as short
Bybit SUIUSDTlong	+0.0100%	8h	1.0181	long leg	$101.9M	$306.9M	50x
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0175	−0.059%	$40.8M	$381.2M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0170	−0.108%	$147K	$297K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0178	−0.025%	$239K	$2K	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0176	−0.049%	$163.9M	$81.2M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0180	−0.010%	$147.5M	$299.2M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0181	0.000%	$52.0M	$51.5M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0168	−0.128%	$66.8M	$168.8M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0177	−0.039%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0177	−0.039%	$647K	$1.2M	20x	as long as short
Variational Omni SUIshort	+0.0100%	8h	1.0181	+0.003%	$2.2M	$2.8M	—
edgeX SUIUSDC	+0.0100%	4h	1.0179	−0.021%	$164K	$4.4M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0193	+0.118%	$439K	$7.0M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0183	+0.020%	$231K	$444K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0187	+0.059%	$106K	$785K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0192	+0.108%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0176	−0.049%	$6K	$2.4M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0174	−0.069%	$619K	$18.8M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0181	0.000%	$11.4M	$24.5M	50x	as long as short
Hyperliquid SUI	+0.0103%	1h	1.0189	+0.079%	$72.5M	$81.4M	10x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0171	−0.097%	$1.4M	$3.7M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0178	−0.032%	$48K	$37K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0216%	1h	1.0203	+0.216%	$977K	$13.7M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0176	−0.049%	$8.0M	$23.7M	100x	as long as short
Phoenix SUI	+0.0290%	1h	1.0205	+0.235%	$184K	$578K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0636% / S −0.0311%	1h	1.0177	−0.038%	$892K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0661%	1h	1.0184	+0.027%	$91K	$381K	10x	as long as short