Funding arb · Price arb /

SUSHI

all SUSHI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Binance−0.055%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$720.722% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 7 days+0.040%+$4 · spread now −0.055%, 7d avg +0.019%

Together, before fees+0.094%+$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.074% cheaper against Binance than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SUSHIUSDT	0.2543	0.0100	pay 0.0100% / 8h	6h 28m	$3.9M	$9.2M	75x
Short	BingX SUSHI-USDT	0.2542	0.0100	get 0.0100% / 8h	6h 28m	—	$2.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now −0.055%Rate

Funding earned: $0
Price spread: −0.055% → +0.019%: −$7.39
Slippage, 4 orders: −$52.21
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$79.59
Costs to cover: 0.722%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; BingX: live order book, 1 min ago.

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 Binance live order book, 11 min ago	1.98 bp	19.7 bp −$20	44.4 bp −$444	doesn't fit	doesn't fit
Sell BingX live order book, 1 min ago	5.91 bp	17.5 bp −$18	41.1 bp −$411	482.4 bp −$48.2K	doesn't fit

SUSHI on 14 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
Bitget SUSHIUSDT	−0.0001%	8h	0.2544	+0.023%	$1.0M	$702K	50x	as long as short
Injective SUSHI/USDC PERP	+0.0033%	1h	0.2545	+0.063%	$16	$18K	5.5x	as long as short
Variational Omni SUSHI	+0.0059%	8h	0.2539	−0.189%	$41K	$14K	—	as long as short
Hyperliquid SUSHI	+0.0100%	1h	0.2541	−0.075%	$360K	$385K	3x	as long as short
Aster SUSHIUSDT	+0.0100%	8h	0.2540	−0.120%	$23K	$17K	5x	as long as short
Binance SUSHIUSDTlong	+0.0100%	8h	0.2543	long leg	$3.9M	$9.2M	75x
Bybit SUSHIUSDT	+0.0100%	8h	0.2545	+0.063%	$2.6M	$2.6M	75x	as long as short
OKX SUSHI-USDT-SWAP	+0.0100%	8h	0.2547	+0.141%	$1.6M	$3.2M	50x	as long as short
Gate SUSHI_USDT	+0.0100%	8h	0.2542	−0.055%	$559K	$266K	50x	as long as short
MEXC SUSHI_USDT	+0.0100%	8h	0.2542	−0.055%	$1.2M	$302K	75x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SUSHIUSDTM	+0.0100%	8h	0.2542	−0.055%	$1.2M	$229K	50x	as long as short
BingX SUSHI-USDTshort	+0.0100%	8h	0.2542	−0.055%	—	$2.5M	—
HTX SUSHI-USDT	+0.0100%	8h	0.2542	−0.055%	$87K	$49K	75x	as long as short
Kraken Futures PF_SUSHIUSD	+0.0133%	1h	0.2538	−0.199%	$763K	$68K	20x	as long as short