Funding arb · Price arb /

SUSHI

all SUSHI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against BingX+0.039%7-day average −0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$990.986% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 7 days−0.047%−$5 · spread now +0.039%, 7d avg −0.053%

Together, before fees−0.104%−$10 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: Bybit is 0.092% dearer against BingX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SUSHI-USDT	0.2544	0.0100	pay 0.0100% / 8h	8m 42s	—	$2.5M	—
Short	Bybit SUSHIUSDT	0.2545	0.0100	get 0.0100% / 8h	8m 42s	$2.6M	$2.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee BingXbpFee BybitbpOrdersPrice spread, now +0.039%Rate

Funding earned: $0
Price spread: +0.039% → −0.053%: $9.19
Slippage, 4 orders: −$77.63
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$89.45
Costs to cover: 0.986%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; Bybit: live order book, 3 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, 11 min ago	5.89 bp	17.7 bp −$18	36.9 bp −$369	602.2 bp −$60.2K	1242.4 bp −$621.2K
Sell Bybit live order book, 3 min ago	3.93 bp	26.9 bp −$27	109.9 bp −$1,099	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
Kraken Futures PF_SUSHIUSD	−0.0012%	1h	0.2548	+0.173%	$765K	$67K	20x	as long as short
Injective SUSHI/USDC PERP	+0.0033%	1h	0.2545	+0.039%	$16	$18K	5.5x	as long as short
Bitget SUSHIUSDT	+0.0038%	8h	0.2545	+0.039%	$1.0M	$681K	50x	as long as short
Variational Omni SUSHI	+0.0072%	8h	0.2542	−0.093%	$41K	$14K	—	as long as short
Hyperliquid SUSHI	+0.0100%	1h	0.2549	+0.189%	$353K	$407K	3x	as long as short
Aster SUSHIUSDT	+0.0100%	8h	0.2548	+0.142%	$23K	$17K	5x	as long as short
Binance SUSHIUSDT	+0.0100%	8h	0.2546	+0.079%	$3.9M	$8.9M	75x	as long as short
Bybit SUSHIUSDTshort	+0.0100%	8h	0.2545	+0.039%	$2.6M	$2.4M	75x
OKX SUSHI-USDT-SWAP	+0.0100%	8h	0.2547	+0.118%	$1.7M	$3.1M	50x	as long as short
Gate SUSHI_USDT	+0.0100%	8h	0.2545	+0.039%	$563K	$299K	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_USDT	+0.0100%	8h	0.2546	+0.079%	$1.3M	$304K	75x	as long as short
KuCoin SUSHIUSDTM	+0.0100%	8h	0.2547	+0.118%	$1.2M	$226K	50x	as long as short
BingX SUSHI-USDTlong	+0.0100%	8h	0.2544	long leg	—	$2.5M	—
HTX SUSHI-USDT	+0.0100%	8h	0.2546	+0.079%	$89K	$57K	75x	as long as short
BloFin SUSHI-USDT	+0.0129%	8h	0.2542	−0.079%	$214K	$65K	75x	as long as short