Funding arb · Price arb /

SUI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0436%/8h= −47.7% APRpaid last 24h −0.176%

Price spread now: Hibachi against Variational Omni+0.045%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 4 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 0.045% dearer against Variational Omni than usual: you sell high and buy low (spread +0.045% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SUI	1.0111	0.0100	pay 0.0100% / 8h	35m 28s	$2.4M	$3.4M	—
Short	Hibachi SUI/USDT-P	1.0115	−0.0336	pay 0.0042% / 1h	35m 28s	$5K	$20K	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 +0.045%Rate

Funding earned: −$91.56
Price spread: +0.045% → 0.000%: $4.48
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: −$96.08
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 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, 4 min ago	3.25 bp	doesn't fit	10.1 bp −$101	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	−0.2780%	1h	1.0059	−0.510%	$41K	$113K	12x	as long as short
Reya SUIRUSDPERP	−0.0381%	1h	1.0105	−0.058%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-Pshort	−0.0336%	1h	1.0115	+0.045%	$5K	$20K	7x
Bluefin SUI-PERP	−0.0242%	1h	1.0099	−0.114%	$579K	$430K	25x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0108	−0.025%	$95K	$257K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0121	+0.104%	$389K	$4.3M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0117	+0.064%	$195K	$558K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0114	+0.036%	$114K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0114	+0.039%	$757K	$5.1M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0116	+0.052%	$296K	$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	1.0107	−0.035%	$40K	$525K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0114	+0.034%	$46K	$247K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0110	−0.009%	$26K	$8K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0107	−0.040%	$677K	$2.2M	10x	as long as short
Hyperliquid SUI	+0.0100%	1h	1.0115	+0.044%	$72.9M	$78.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0108	−0.030%	$892K	$4.2M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0112	+0.015%	$215K	$255K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0108	−0.029%	$145.6M	$996.0M	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0104	−0.070%	$97.8M	$311.3M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0104	−0.065%	$40.8M	$367.1M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0110	−0.005%	$43K	$326K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0138	+0.274%	$238K	$454	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0106	−0.045%	$167.1M	$81.9M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0107	−0.035%	$152.2M	$283.5M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0114	+0.034%	$49.8M	$52.1M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0105	−0.055%	$66.7M	$169.0M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0105	−0.055%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0113	+0.024%	$671K	$1.4M	20x	as long as short
Variational Omni SUIlong	+0.0100%	8h	1.0111	long leg	$2.4M	$3.4M	—
edgeX SUIUSDC	+0.0100%	4h	1.0123	+0.121%	$163K	$4.3M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0149	+0.380%	$442K	$7.1M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0121	+0.104%	$222K	$360K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0115	+0.044%	$122K	$540K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0131	+0.202%	$3K	$1.6M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0114	+0.034%	$6K	$1.7M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0115	+0.044%	$635K	$18.4M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0118	+0.074%	$11.7M	$28.2M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0106	−0.048%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0119	+0.088%	$38K	$11K	3x	as long as short
Kraken Futures PF_SUIUSD	+0.0119%	1h	1.0116	+0.058%	$6.8M	$21.8M	50x	as long as short
01 Exchange SUIUSD	+0.0144%	1h	1.0109	−0.015%	$8K	$3K	10x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0116	+0.054%	$7.5M	$24.3M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0328%	1h	1.0120	+0.094%	$1.0M	$14.3M	50x	as long as short
Phoenix SUI	+0.0393%	1h	1.0145	+0.341%	$201K	$400K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0599% / S −0.0263%	1h	1.0113	+0.025%	$930K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1298%	1h	1.0155	+0.443%	$82K	$409K	10x	as long as short