Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h +0.008%

Price spread now: 01 Exchange against Variational Omni+0.468%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 01 Exchange

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 · farm boardneeds both histories

The price spread pays, funding is against you. 01 Exchange is 0.468% dearer against Variational Omni than usual: you sell high and buy low (spread +0.468% now, against zero (this spread has no 7-day history yet)): +$47 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SUI	1.0491	0.0100	pay 0.0100% / 8h	7h 30m	$2.4M	$2.9M	—
Short	01 Exchange SUIUSD	1.0540	0.0080	get 0.0010% / 1h	30m 24s	$9K	$9K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.468%Rate

Funding earned: −$4.2
Price spread: +0.468% → 0.000%: $46.83
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $35.63
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; 01 Exchange: 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	3.24 bp	doesn't fit	11.0 bp −$110	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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	−0.3416%	1h	1.0330	−1.533%	$42K	$123K	12x	as long as short
Bluefin SUI-PERP	−0.0628%	1h	1.0516	+0.240%	$604K	$409K	25x	as long as short
Hibachi SUI/USDT-P	−0.0432%	1h	1.0492	+0.013%	$6K	$18K	7x	as long as short
Reya SUIRUSDPERP	−0.0371%	1h	1.0527	+0.344%	$4K	$3K	20x	as long as short
Phemex SUIUSDT	−0.0106%	8h	1.0497	+0.058%	$11.8M	$25.1M	50x	as long as short
dYdX SUI-USD	0.0000%	1h	1.0539	+0.458%	$97K	$169K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0506	+0.144%	$482K	$5.0M	2.5x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0002%	1h	1.0531	+0.381%	$121K	—	150x	as long as short
Kraken Futures PF_SUIUSD	+0.0038%	1h	1.0539	+0.459%	$7.3M	$23.8M	50x	as long as short
01 Exchange SUIUSDshort	+0.0080%	1h	1.0540	+0.468%	$9K	$9K	10x

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter SUI	+0.0096%	1h	1.0540	+0.464%	$817K	$5.8M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0532	+0.394%	$274K	$2.0M	10x	as long as short
Popdex SUIUSDT	+0.0096%	1h	1.0533	+0.402%	$29K	$485K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0529	+0.363%	$47K	$313K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0539	+0.459%	$28K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0541	+0.483%	$669K	$1.4M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0537	+0.436%	$1.0M	$4.8M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0539	+0.463%	$229K	$256K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0532	+0.392%	$156.6M	$1.02B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0531	+0.382%	$105.8M	$304.7M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0529	+0.363%	$42.2M	$387.7M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0530	+0.373%	$47K	$387K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0450	−0.393%	$246K	$813	10x	as long as short
Gate SUI_USDT	+0.0100%	8h	1.0529	+0.363%	$170.2M	$80.9M	50x	as long as short
MEXC SUI_USDT	+0.0100%	8h	1.0532	+0.392%	$154.7M	$293.9M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0531	+0.382%	$51.4M	$52.8M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0527	+0.344%	$69.3M	$165.4M	75x	as long as short
BingX SUI-USDT	+0.0100%	8h	1.0527	+0.344%	—	$81.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0506	+0.144%	$679K	$1.1M	20x	as long as short
Variational Omni SUIlong	+0.0100%	8h	1.0491	long leg	$2.4M	$2.9M	—
edgeX SUIUSDC	+0.0100%	4h	1.0495	+0.040%	$171K	$4.5M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0526	+0.331%	$458K	$7.4M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0504	+0.125%	$241K	$479K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0543	+0.497%	$120K	$755K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0547	+0.535%	$2K	$1.9M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0532	+0.392%	$6K	$2.3M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0494	+0.030%	$646K	$18.5M	75x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0528	+0.357%	$1.5M	$3.9M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0536	+0.430%	$40K	$16K	3x	as long as short
Coinbase International SUI-PERP-INTX	+0.0200%	1h	1.0501	+0.097%	$994K	$14.4M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0492	+0.011%	$8.1M	$24.6M	100x	as long as short
Phoenix SUI	+0.0299%	1h	1.0513	+0.208%	$208K	$590K	10x	as long as short
Hyperliquid SUI	+0.0409%	1h	1.0550	+0.564%	$76.8M	$79.0M	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0641% / S −0.0324%	1h	1.0530	+0.376%	$916K	—	100x	as long as short
Deribit SUI_USDC-PERPETUAL	+0.0889%	1h	1.0543	+0.497%	$205K	$583K	25x	as long as short
Aftermath Perps SUIUSD	+0.0913%	1h	1.0497	+0.058%	$94K	$368K	10x	as long as short