Funding you earn now, next payment 00:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.21 per $10,000 · paid last 24h −0.005%
Price spread now: Binance against BloFin−0.043%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$500.501% of the position
Funding, last 7 days−0.019%−$2 on $10k
+Price spread, last 3 days (all we have)+0.035%+$3 · spread now −0.043%, 7d avg −0.015%
=Funding pays, the price is against you. Binance is 0.028% cheaper against BloFin than usual: you would sell low and buy high (spread −0.043% now, against its 7-day average of −0.015%). If the spread goes back, that is −$3 on $10k: about 4.6 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SUSHI-USDT | 0.2533 | 0.0079 | pay 0.0079% / 8h | 1h 33m | $214K | $64K | 75x |
| Short | Binance SUSHIUSDT | 0.2532 | 0.0100 | get 0.0100% / 8h | 1h 33m | $3.8M | $9.2M | 75x |
BloFin SUSHI-USDT
Binance SUSHIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- $4.32
- Price spread: −0.043% → −0.015%
- −$2.83
- Slippage, 4 orders
- −$28.06
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$48.56
- Costs to cover
- 0.501%
- Break-even
- 85.7 days
Slippage from BloFin: live order book, 42 min ago; Binance: live order book, 6 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 BloFin live order book, 42 min ago | 1.97 bp | 15.8 bp −$16 | 32.4 bp −$324 | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 1.97 bp | 12.7 bp −$13 | 34.7 bp −$347 | 331.4 bp −$33.1K | 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 | +0.474% | $16 | $18K | 5.5x | as long as short |
| Bitget SUSHIUSDT | +0.0050% | 8h | 0.2536 | +0.118% | $993K | $702K | 50x | as long as short |
| BloFin SUSHI-USDTlong | +0.0079% | 8h | 0.2533 | long leg | $214K | $64K | 75x | |
| Kraken Futures PF_SUSHIUSD | +0.0097% | 1h | 0.2536 | +0.117% | $762K | $75K | 20x | as long as short |
| Hyperliquid SUSHI | +0.0100% | 1h | 0.2536 | +0.107% | $357K | $408K | 3x | as long as short |
| Aster SUSHIUSDT | +0.0100% | 8h | 0.2536 | +0.112% | $23K | $17K | 5x | as long as short |
| Binance SUSHIUSDTshort | +0.0100% | 8h | 0.2532 | −0.043% | $3.8M | $9.2M | 75x | |
| Bybit SUSHIUSDT | +0.0100% | 8h | 0.2532 | −0.024% | $2.6M | $2.5M | 75x | as long as short |
| OKX SUSHI-USDT-SWAP | +0.0100% | 8h | 0.2535 | +0.079% | $1.6M | $3.1M | 50x | as long as short |
| Gate SUSHI_USDT | +0.0100% | 8h | 0.2538 | +0.197% | $572K | $289K | 50x | as long as short |
Injective SUSHI/USDC PERP
Bitget SUSHIUSDT
Kraken Futures PF_SUSHIUSD
Hyperliquid SUSHI
Aster 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 | 0.2534 | +0.039% | $1.3M | $352K | 75x | as long as short |
| KuCoin SUSHIUSDTM | +0.0100% | 8h | 0.2540 | +0.276% | $1.2M | $238K | 50x | as long as short |
| BingX SUSHI-USDT | +0.0100% | 8h | 0.2535 | +0.079% | — | $2.5M | — | as long as short |
| Variational Omni SUSHI | +0.0100% | 8h | 0.2535 | +0.087% | $41K | $14K | — | as long as short |
| HTX SUSHI-USDT | +0.0100% | 8h | 0.2542 | +0.355% | $86K | $59K | 75x | as long as short |
MEXC SUSHI_USDT
KuCoin SUSHIUSDTM
BingX SUSHI-USDT
Variational Omni SUSHI
HTX SUSHI-USDT