Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Variational Omni against Lighter−0.031%7-day average −0.020% · you buy dearer than you sell

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

Long on Lighter Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.004%$0 on $10k

Price spread, last 7 days−0.073%−$7 · spread now −0.031%, 7d avg −0.020%

Together, before fees−0.069%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board−$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter SUI	1.0494	0.0096	pay 0.0012% / 1h	30m 59s	$813K	$5.8M	10x
Short	Variational Omni SUI	1.0491	0.0100	get 0.0100% / 8h	7h 30m	$2.4M	$2.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Lighter. 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 LighterbpFee Variational OmnibpOrdersPrice spread, now −0.031%Rate

Funding earned: $0.84
Price spread: −0.031% → −0.020%: −$1.11
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$0.27
Costs to cover: 0.000%
Break-even: 9.2 days

Slippage unknown: Lighter: live order book, 7 min ago; Variational Omni: RFQ quote, 3 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 Lighter live order book, 7 min ago	3.11 bp	3.8 bp −$4	10.6 bp −$106	101.7 bp −$10.2K	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	3.24 bp	doesn't fit	10.0 bp −$100	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	−0.3416%	1h	1.0330	−1.564%	$42K	$123K	12x	as long as short
Bluefin SUI-PERP	−0.0644%	1h	1.0479	−0.144%	$602K	$409K	25x	as long as short
Hibachi SUI/USDT-P	−0.0432%	1h	1.0491	−0.028%	$6K	$18K	7x	as long as short
Reya SUIRUSDPERP	−0.0371%	1h	1.0489	−0.049%	$4K	$3K	20x	as long as short
Phemex SUIUSDT	−0.0106%	8h	1.0497	+0.028%	$11.8M	$25.1M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0495	+0.012%	$96K	$169K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0506	+0.113%	$482K	$5.0M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0495	+0.009%	$204K	$583K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0495	+0.009%	$121K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0038%	1h	1.0497	+0.026%	$7.3M	$23.8M	50x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SUIUSD	+0.0080%	1h	1.0513	+0.180%	$9K	$9K	10x	as long as short
Lighter SUIlong	+0.0096%	1h	1.0494	long leg	$813K	$5.8M	10x
Lighter RH SUI	+0.0096%	1h	1.0496	+0.023%	$273K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0499	+0.047%	$29K	$486K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0491	−0.030%	$47K	$313K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0502	+0.079%	$28K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0497	+0.028%	$666K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0498	+0.041%	$1.0M	$4.8M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0501	+0.070%	$228K	$256K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0519	+0.234%	$156.3M	$1.02B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0530	+0.342%	$105.6M	$305.0M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0527	+0.314%	$42.2M	$387.9M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0510	+0.152%	$47K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0450	−0.424%	$246K	$813	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0509	+0.142%	$169.9M	$80.8M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0506	+0.113%	$154.6M	$293.8M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0488	−0.058%	$51.2M	$52.8M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0506	+0.113%	$69.2M	$165.5M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0510	+0.152%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0506	+0.113%	$679K	$1.1M	20x	as long as short
Variational Omni SUIshort	+0.0100%	8h	1.0491	−0.031%	$2.4M	$2.9M	—
edgeX SUIUSDC	+0.0100%	4h	1.0495	+0.010%	$171K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0526	+0.300%	$458K	$7.4M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0504	+0.094%	$241K	$479K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0507	+0.123%	$119K	$755K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0510	+0.152%	$3K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0492	−0.020%	$6K	$2.3M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0494	−0.001%	$646K	$18.5M	75x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0489	−0.051%	$1.5M	$3.9M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0493	−0.006%	$40K	$16K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0200%	1h	1.0501	+0.066%	$994K	$14.4M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0492	−0.020%	$8.1M	$24.6M	100x	as long as short
Phoenix SUI	+0.0299%	1h	1.0513	+0.177%	$208K	$590K	10x	as long as short
Hyperliquid SUI	+0.0407%	1h	1.0527	+0.314%	$76.7M	$79.0M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0639% / S −0.0324%	1h	1.0493	−0.010%	$913K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.0889%	1h	1.0489	−0.049%	$94K	$368K	10x	as long as short