Settings8H · net · $10k
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Funding arb · Price arb / Crypto

SUSHI

All SUSHI markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Binance SpotSUSHIUSDT
0.1785spotno funding——$195K1xBuy Binance Spot
SHORT
BinanceSUSHIUSDT
0.1783+0.0017get 0.0017% / 8h6h 02m$2.7M$2.9M75xShort Binance
Price gap−0.112%
Funding gap+0.0017% /8h

Funding trade: +$1 a day on $10k at the current rate, before costs. The price gap is at its 7d average.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$15+0.0017% /8h now · paid +0.145% over the last 7D
Price+$1spread −0.112% now, avg −0.118% → +0.006% if it goes back
Costs−$950.950% of $10k · taker + slippage, in and out
Result−$80−0.80%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.112%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

SUSHI on 14 exchanges

lowest funding first

Before you open

1 ok · 2 to watch
  • Watch: Thin at this size32.4 / 15.2 bp
    At $10k entering Binance Spot costs 32.4 bp, fee and slippage, 2.1× Binance’s.
  • Note: Spot in full, margin on the short$10,000 + $133
    The spot leg is bought with the whole $10k; Binance runs at up to 75x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Binance.
  • OK: Only the short pays funding— / 8h
    The spot leg pays no funding; Binance settles every 8h.
    Next 24h at the current rates, on $10k a leg: +$0.50Long Binance Spot: 0 payments, $0.00; short Binance: 3 payments, +$0.50.
  • Note: Gap at its usual level−0.112% vs −0.118%
    The price leg adds little either way.
  • Note: Spot has no open interest$2.7M OI
    Only Binance reports one; the spot book's depth is in the cost check above.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBinance Spot Yes · Binance Yes
    Verified KYC to deposit or trade.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0069%/8h × 21 periods+$14.52
Price spread−0.112% → −0.118% (7d avg)+$0.64
Slippage, 4 orderslive order books−$65.01
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$79.85
Costs to cover0.950%Break-even45.5 days
Slippage: Binance Spot: live order book, 39 min ago; Binance: live order book, 6 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance Spot11.1732.4 bp−$322519.1 bp−$25.2Kdoesn’t fitdoesn’t fit
SELL · SHORTBinance2.7915.2 bp−$1550.5 bp−$505doesn’t fitdoesn’t fit

Closing costs about the same again.

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