Funding arb · Price arb /

SUN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.045%

Price spread now: Variational Omni against Injective−6.063%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Variational Omni

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 · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 6.063% cheaper against Injective than usual: you would sell low and buy high (spread −6.063% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$606 on $10k: about 10 months of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective SUN/USDC PERP	0.01861	0.0033	pay 0.0004% / 1h	40m 55s	—	$16	5.5x
Short	Variational Omni SUN	0.01748	0.0100	get 0.0050% / 4h	40m 55s	$145K	$47	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Injective. 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 InjectivebpFee Variational OmnibpOrdersPrice spread, now −6.063%Rate

Funding earned: $14
Price spread: −6.063% → 0.000%: −$606.35
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$592.37
Costs to cover: 0.000%
Break-even: 303.2 days

Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, 63 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 Injective no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 63 min ago	11.46 bp	doesn't fit	618.9 bp −$6,189	doesn't fit	doesn't fit

Injective: 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.

SUN on 12 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 SUN/USDC PERPlong	+0.0033%	1h	0.01861	long leg	—	$16	5.5x
BloFin SUN-USDT	+0.0081%	4h	0.01752	−5.879%	$132K	$41K	50x	as long as short
Binance SUNUSDT	+0.0100%	4h	0.01752	−5.850%	$2.0M	$1.6M	50x	as long as short
Bybit SUNUSDT	+0.0100%	4h	0.01749	−6.018%	$1.4M	$474K	50x	as long as short
Gate SUN_USDT	+0.0100%	8h	0.01751	−5.895%	$126K	$58K	50x	as long as short
MEXC SUN_USDT	+0.0100%	4h	0.01752	−5.868%	$11.8M	$261K	125x	as long as short
KuCoin SUNUSDTM	+0.0100%	4h	0.01750	−5.938%	$314K	$56K	20x	as long as short
Bitget SUNUSDT	+0.0100%	4h	0.01751	−5.905%	$466K	$139K	50x	as long as short
BingX SUN-USDT	+0.0100%	4h	0.01751	−5.884%	—	$2.3M	—	as long as short
Variational Omni SUNshort	+0.0100%	4h	0.01748	−6.063%	$145K	$47	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SUN-USDT	+0.0100%	4h	0.01752	−5.852%	$26K	$1.2M	20x	as long as short
HTX SUN-USDT	+0.0100%	4h	0.01751	−5.895%	$311K	$81K	50x	as long as short