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: MEXC against Binance+0.039%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$380.376% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.024%−$2 · spread now +0.039%, 7d avg −0.003%

Together, before fees−0.024%−$2 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: MEXC is 0.043% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SUSHIUSDT	0.2553	0.0100	pay 0.0100% / 8h	7h 59m	$3.9M	$9.0M	75x
Short	MEXC SUSHI_USDT	0.2554	0.0100	get 0.0100% / 8h	7h 59m	$1.3M	$293K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.039%Rate

Funding earned: $0
Price spread: +0.039% → −0.003%: $4.26
Slippage, 4 orders: −$23.64
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$33.38
Costs to cover: 0.376%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; MEXC: live order book, 2 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, 10 min ago	1.96 bp	15.1 bp −$15	35.1 bp −$351	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.95 bp	4.0 bp −$4	16.4 bp −$164	115.8 bp −$11.6K	216.9 bp −$108.4K

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	−0.313%	$16	$18K	5.5x	as long as short
Bitget SUSHIUSDT	+0.0043%	8h	0.2558	+0.196%	$1.0M	$683K	50x	as long as short
Variational Omni SUSHI	+0.0074%	8h	0.2558	+0.182%	$41K	$14K	—	as long as short
Kraken Futures PF_SUSHIUSD	+0.0089%	1h	0.2557	+0.145%	$768K	$67K	20x	as long as short
Hyperliquid SUSHI	+0.0100%	1h	0.2556	+0.137%	$352K	$408K	3x	as long as short
Aster SUSHIUSDT	+0.0100%	8h	0.2555	+0.084%	$23K	$17K	5x	as long as short
Binance SUSHIUSDTlong	+0.0100%	8h	0.2553	long leg	$3.9M	$9.0M	75x
Bybit SUSHIUSDT	+0.0100%	8h	0.2554	+0.035%	$2.6M	$2.5M	75x	as long as short
OKX SUSHI-USDT-SWAP	+0.0100%	8h	0.2553	0.000%	$1.7M	$3.1M	50x	as long as short
Gate SUSHI_USDT	+0.0100%	8h	0.2558	+0.196%	$564K	$288K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SUSHI_USDTshort	+0.0100%	8h	0.2554	+0.039%	$1.3M	$293K	75x
KuCoin SUSHIUSDTM	+0.0100%	8h	0.2557	+0.157%	$1.2M	$229K	50x	as long as short
BingX SUSHI-USDT	+0.0100%	8h	0.2557	+0.157%	—	$2.5M	—	as long as short
HTX SUSHI-USDT	+0.0100%	8h	0.2557	+0.157%	$89K	$58K	75x	as long as short
BloFin SUSHI-USDT	+0.0104%	8h	0.2562	+0.353%	$214K	$61K	75x	as long as short