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: Gate against BingX0.000%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$780.781% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 4 days (all we have)+0.071%+$7 · spread now 0.000%, 7d avg +0.023%

Together, before fees+0.032%+$3 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: Gate is 0.023% cheaper against BingX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SUSHI-USDT	0.2545	0.0100	pay 0.0100% / 8h	32m 45s	—	$2.5M	—
Short	Gate SUSHI_USDT	0.2545	0.0100	get 0.0100% / 8h	32m 45s	$563K	$297K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.023%: −$2.28
Slippage, 4 orders: −$53.09
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$80.36
Costs to cover: 0.781%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; Gate: live order book, 43 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, 2 min ago	3.93 bp	15.4 bp −$15	39.4 bp −$394	565.2 bp −$56.5K	1224.1 bp −$612.0K
Sell Gate live order book, 43 min ago	5.91 bp	25.4 bp −$25	97.3 bp −$973	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	0.2547	+0.087%	$765K	$67K	20x	as long as short
Injective SUSHI/USDC PERP	+0.0033%	1h	0.2545	0.000%	$16	$18K	5.5x	as long as short
Bitget SUSHIUSDT	+0.0045%	8h	0.2543	−0.079%	$1.0M	$682K	50x	as long as short
Variational Omni SUSHI	+0.0088%	8h	0.2544	−0.031%	$41K	$14K	—	as long as short
BloFin SUSHI-USDT	+0.0093%	8h	0.2540	−0.196%	$217K	$65K	75x	as long as short
Hyperliquid SUSHI	+0.0100%	1h	0.2546	+0.043%	$352K	$406K	3x	as long as short
Aster SUSHIUSDT	+0.0100%	8h	0.2547	+0.087%	$23K	$17K	5x	as long as short
Binance SUSHIUSDT	+0.0100%	8h	0.2544	−0.039%	$3.9M	$8.9M	75x	as long as short
Bybit SUSHIUSDT	+0.0100%	8h	0.2543	−0.079%	$2.6M	$2.4M	75x	as long as short
OKX SUSHI-USDT-SWAP	+0.0100%	8h	0.2549	+0.157%	$1.7M	$3.1M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SUSHI_USDTshort	+0.0100%	8h	0.2545	0.000%	$563K	$297K	50x
MEXC SUSHI_USDT	+0.0100%	8h	0.2543	−0.079%	$1.3M	$302K	75x	as long as short
KuCoin SUSHIUSDTM	+0.0100%	8h	0.2546	+0.039%	$1.2M	$225K	50x	as long as short
BingX SUSHI-USDTlong	+0.0100%	8h	0.2545	long leg	—	$2.5M	—
HTX SUSHI-USDT	+0.0100%	8h	0.2548	+0.118%	$89K	$58K	75x	as long as short