Funding you earn now, next payment 08:00 UTC−0.0203%/8h= −22.2% APRnext payment −$2.03 per $10,000 · paid last 24h −0.006%
Price spread now: Bitget against BingX−0.039%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$670.673% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 7 days+0.110%+$11 · spread now −0.039%, 7d avg +0.002%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bitget is 0.041% cheaper against BingX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.002%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.006% in total (about -0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.03 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX SUSHI-USDT | 0.2538 | 0.0100 | pay 0.0100% / 8h | 4h 04m | — | $2.5M | — |
| Short | Bitget SUSHIUSDT | 0.2537 | −0.0103 | pay 0.0103% / 8h | 4h 04m | $1.0M | $714K | 50x |
BingX SUSHI-USDT
Bitget SUSHIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BingX. 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
- −$42.63
- Price spread: −0.039% → +0.002%
- −$4.12
- Slippage, 4 orders
- −$45.26
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$114.01
- Costs to cover
- 0.673%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; Bitget: 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 BingX live order book, 6 min ago | 3.93 bp | 17.1 bp −$17 | 40.3 bp −$403 | 639.4 bp −$63.9K | doesn't fit |
| Sell Bitget live order book, 2 min ago | 1.97 bp | 19.9 bp −$20 | 34.9 bp −$349 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SUSHIUSDTshort | −0.0103% | 8h | 0.2537 | −0.039% | $1.0M | $714K | 50x | |
| Variational Omni SUSHI | +0.0006% | 8h | 0.2533 | −0.214% | $41K | $7K | — | as long as short |
| Injective SUSHI/USDC PERP | +0.0033% | 1h | 0.2545 | +0.276% | $16 | $18K | 5.5x | as long as short |
| BloFin SUSHI-USDT | +0.0099% | 8h | 0.2534 | −0.158% | $211K | $38K | 75x | as long as short |
| Hyperliquid SUSHI | +0.0100% | 1h | 0.2539 | +0.055% | $355K | $337K | 3x | as long as short |
| Aster SUSHIUSDT | +0.0100% | 8h | 0.2539 | +0.041% | $23K | $17K | 5x | as long as short |
| Binance SUSHIUSDT | +0.0100% | 8h | 0.2539 | +0.039% | $3.9M | $9.1M | 75x | as long as short |
| Bybit SUSHIUSDT | +0.0100% | 8h | 0.2536 | −0.079% | $2.5M | $2.6M | 75x | as long as short |
| OKX SUSHI-USDT-SWAP | +0.0100% | 8h | 0.2540 | +0.079% | $1.6M | $3.3M | 50x | as long as short |
| Gate SUSHI_USDT | +0.0100% | 8h | 0.2536 | −0.079% | $562K | $237K | 50x | as long as short |
Variational Omni SUSHI
Injective SUSHI/USDC PERP
BloFin SUSHI-USDT
Hyperliquid SUSHI
Aster SUSHIUSDT
Binance SUSHIUSDT
Bybit SUSHIUSDT
OKX SUSHI-USDT-SWAP
Gate SUSHI_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SUSHI_USDT | +0.0100% | 8h | 0.2539 | +0.039% | $1.2M | $269K | 75x | as long as short |
| KuCoin SUSHIUSDTM | +0.0100% | 8h | 0.2535 | −0.118% | $1.2M | $234K | 50x | as long as short |
| BingX SUSHI-USDTlong | +0.0100% | 8h | 0.2538 | long leg | — | $2.5M | — | |
| HTX SUSHI-USDT | +0.0100% | 8h | 0.2538 | 0.000% | $84K | $74K | 75x | as long as short |
| Kraken Futures PF_SUSHIUSD | +0.0362% | 1h | 0.2540 | +0.088% | $765K | $61K | 20x | as long as short |
MEXC SUSHI_USDT
KuCoin SUSHIUSDTM
HTX SUSHI-USDT
Kraken Futures PF_SUSHIUSD