Funding arb · Price arb /

SUSHI

all SUSHI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against BingX−0.039%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$940.936% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 7 days+0.039%+$4 · spread now −0.039%, 7d avg −0.008%

Together, before fees−0.038%−$4 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: KuCoin is 0.031% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SUSHI-USDT	0.2556	0.0100	pay 0.0100% / 8h	7h 56m	—	$2.5M	—
Short	KuCoin SUSHIUSDTM	0.2555	0.0100	get 0.0100% / 8h	7h 56m	$1.2M	$229K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.039%Rate

Funding earned: $0
Price spread: −0.039% → −0.008%: −$3.12
Slippage, 4 orders: −$71.58
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$96.7
Costs to cover: 0.936%
Break-even: never at this rate

Slippage from BingX: live order book, 13 min ago; KuCoin: live order book, 9 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, 13 min ago	7.86 bp	20.0 bp −$20	38.4 bp −$384	618.9 bp −$61.9K	1228.7 bp −$614.3K
Sell KuCoin live order book, 9 min ago	5.86 bp	22.9 bp −$23	134.8 bp −$1,348	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
Injective SUSHI/USDC PERP	+0.0033%	1h	0.2545	−0.430%	$16	$18K	5.5x	as long as short
Bitget SUSHIUSDT	+0.0040%	8h	0.2555	−0.039%	$1.0M	$683K	50x	as long as short
BloFin SUSHI-USDT	+0.0070%	8h	0.2555	−0.039%	$213K	$62K	75x	as long as short
Variational Omni SUSHI	+0.0074%	8h	0.2558	+0.065%	$41K	$14K	—	as long as short
Kraken Futures PF_SUSHIUSD	+0.0089%	1h	0.2555	−0.022%	$767K	$67K	20x	as long as short
Hyperliquid SUSHI	+0.0100%	1h	0.2557	+0.055%	$352K	$408K	3x	as long as short
Aster SUSHIUSDT	+0.0100%	8h	0.2555	−0.039%	$23K	$17K	5x	as long as short
Binance SUSHIUSDT	+0.0100%	8h	0.2555	−0.025%	$3.9M	$8.9M	75x	as long as short
Bybit SUSHIUSDT	+0.0100%	8h	0.2554	−0.078%	$2.6M	$2.5M	75x	as long as short
OKX SUSHI-USDT-SWAP	+0.0100%	8h	0.2556	0.000%	$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_USDT	+0.0100%	8h	0.2555	−0.039%	$564K	$289K	50x	as long as short
MEXC SUSHI_USDT	+0.0100%	8h	0.2556	0.000%	$1.3M	$293K	75x	as long as short
KuCoin SUSHIUSDTMshort	+0.0100%	8h	0.2555	−0.039%	$1.2M	$229K	50x
BingX SUSHI-USDTlong	+0.0100%	8h	0.2556	long leg	—	$2.5M	—
HTX SUSHI-USDT	+0.0100%	8h	0.2557	+0.039%	$89K	$58K	75x	as long as short