Funding you earn now, next payment 00:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.24 per $10,000 · paid last 24h +0.005%
Price spread now: BloFin against Binance−0.236%51s7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$590.587% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 3 days (all we have)+0.229%+$23 · spread now −0.236%, 7d avg +0.014%
=Funding pays, the price is against you. BloFin is 0.250% cheaper against Binance than usual: you would sell low and buy high (spread −0.236% now, against its 7-day average of +0.014%). If the spread goes back, that is −$25 on $10k: about 34 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.019% in total) that is about 3 months. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| 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 | 2h 26m | $3.9M | $9.6M | 75x |
| Short | BloFin SUSHI-USDT | 0.2537 | 0.0124 | get 0.0124% / 8h | 2h 26m | $210K | $67K | 75x |
Binance SUSHIUSDT
BloFin SUSHI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $5.08
- Price spread: −0.236% → +0.014%
- −$24.97
- Slippage, 4 orders
- −$36.75
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$78.64
- Costs to cover
- 0.587%
- Break-even
- 115.3 days
Slippage from Binance: live order book, 13 min ago; BloFin: live order book, 56 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, 13 min ago | 1.98 bp | 14.6 bp −$15 | 36.4 bp −$364 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 56 min ago | 7.89 bp | 16.2 bp −$16 | 32.1 bp −$321 | 127.5 bp −$12.8K | doesn't fit |
SUSHI on 15 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 SUSHI/USDC PERP | +0.0033% | 1h | 0.2545 | +0.079% | $16 | $18K | 5.5x | as long as short |
| Bitget SUSHIUSDT | +0.0068% | 8h | 0.2542 | −0.039% | $996K | $755K | 50x | as long as short |
| Hyperliquid SUSHI | +0.0100% | 1h | 0.2544 | +0.020% | $348K | $409K | 3x | as long as short |
| Aster SUSHIUSDT | +0.0100% | 8h | 0.2541 | −0.080% | $23K | $17K | 5x | as long as short |
| Binance SUSHIUSDTlong | +0.0100% | 8h | 0.2543 | long leg | $3.9M | $9.6M | 75x | |
| Bybit SUSHIUSDT | +0.0100% | 8h | 0.2542 | −0.039% | $2.6M | $2.7M | 75x | as long as short |
| OKX SUSHI-USDT-SWAP | +0.0100% | 8h | 0.2545 | +0.079% | $1.6M | $3.3M | 50x | as long as short |
| Gate SUSHI_USDT | +0.0100% | 8h | 0.2540 | −0.118% | $573K | $327K | 50x | as long as short |
| MEXC SUSHI_USDT | +0.0100% | 8h | 0.2542 | −0.039% | $1.3M | $371K | 75x | as long as short |
| KuCoin SUSHIUSDTM | +0.0100% | 8h | 0.2542 | −0.039% | $1.2M | $250K | 50x | as long as short |
Injective SUSHI/USDC PERP
Bitget SUSHIUSDT
Hyperliquid SUSHI
Aster SUSHIUSDT
Bybit SUSHIUSDT
OKX SUSHI-USDT-SWAP
Gate SUSHI_USDT
MEXC SUSHI_USDT
KuCoin SUSHIUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SUSHI-USDT | +0.0100% | 8h | 0.2542 | −0.039% | — | $2.5M | — | as long as short |
| Variational Omni SUSHI | +0.0100% | 8h | 0.2536 | −0.280% | $41K | $16K | — | as long as short |
| HTX SUSHI-USDT | +0.0100% | 8h | 0.2543 | 0.000% | $86K | $63K | 75x | as long as short |
| BloFin SUSHI-USDTshort | +0.0124% | 8h | 0.2537 | −0.236% | $210K | $67K | 75x | |
| Kraken Futures PF_SUSHIUSD | +0.0322% | 1h | 0.2546 | +0.112% | $765K | $81K | 20x | as long as short |
BingX SUSHI-USDT
Variational Omni SUSHI
HTX SUSHI-USDT
Kraken Futures PF_SUSHIUSD