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

SUSHI

all SUSHI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.18 per $10,000 · paid last 24h +0.005%
Price spread now: BloFin against BingX−0.039%81s7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$620.621% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.041%−$4 on $10k
Price spread, last 3 days (all we have)+0.013%+$1 · spread now −0.039%, 7d avg −0.030%
Together, before fees−0.028%−$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.030%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX SUSHI-USDT0.25360.0100pay 0.0100% / 8h1h 35m$2.5M
ShortBloFin SUSHI-USDT0.25350.0118get 0.0118% / 8h1h 35m$212K$64K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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

Funding earned
$3.75
Price spread: −0.039% → −0.030%
−$0.99
Slippage, 4 orders
−$40.1
Fee BingX: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$59.34
Costs to cover
0.621%
Break-even
117.8 days
Slippage from BingX: live order book, 14 min ago; BloFin: live order book, 39 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 14 min ago5.93 bp17.5 bp −$1735.7 bp −$357542.6 bp −$54.3Kdoesn't fit
Sell BloFin live order book, 39 min ago1.97 bp9.7 bp −$1016.4 bp −$16489.7 bp −$8,967doesn't fit

SUSHI on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SUSHI/USDC PERP+0.0033%1h0.2545+0.355%$16$18K5.5xas long as short
Bitget SUSHIUSDT+0.0048%8h0.2538+0.079%$994K$702K50xas long as short
Kraken Futures PF_SUSHIUSD+0.0097%1h0.2537+0.051%$762K$76K20xas long as short
Hyperliquid SUSHI+0.0100%1h0.2537+0.043%$358K$408K3xas long as short
Aster SUSHIUSDT+0.0100%8h0.2536+0.019%$23K$17K5xas long as short
Binance SUSHIUSDT+0.0100%8h0.2534−0.079%$3.8M$9.1M75xas long as short
Bybit SUSHIUSDT+0.0100%8h0.2533−0.118%$2.6M$2.5M75xas long as short
OKX SUSHI-USDT-SWAP+0.0100%8h0.2537+0.039%$1.6M$3.1M50xas long as short
Gate SUSHI_USDT+0.0100%8h0.2540+0.158%$572K$288K50xas long as short
MEXC SUSHI_USDT+0.0100%8h0.2534−0.079%$1.3M$352K75xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin SUSHIUSDTM+0.0100%8h0.2538+0.079%$1.2M$238K50xas long as short
BingX SUSHI-USDTlong+0.0100%8h0.2536long leg$2.5M
Variational Omni SUSHI+0.0100%8h0.2540+0.146%$41K$14Kas long as short
HTX SUSHI-USDT+0.0100%8h0.2540+0.158%$85K$59K75xas long as short
BloFin SUSHI-USDTshort+0.0118%8h0.2535−0.039%$212K$64K75x