SUSHI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0015%/8h= −1.6% APRnext payment −$0.15 per $10,000 · paid last 24h −0.004%

Price spread now: Bybit against BloFin−0.478%62s7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$970.972% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 4 days (all we have)+0.428%+$43 · spread now −0.478%, 7d avg −0.028%

Together, before fees+0.408%+$41 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Bybit is 0.450% cheaper against BloFin than usual: you would sell low and buy high (−$45 if the spread goes back to its 7-day average of −0.028%). Swap the legs. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SUSHI-USDT	0.2529	0.0115	pay 0.0115% / 8h	3h 10m	$210K	$38K	75x
Short	Bybit SUSHIUSDT	0.2517	0.0100	get 0.0100% / 8h	3h 10m	$2.5M	$2.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. 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 BloFinbpFee BybitbpOrdersPrice spread, now −0.478%Rate

Funding earned: −$3.07
Price spread: −0.478% → −0.028%: −$45
Slippage, 4 orders: −$74.21
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$145.28
Costs to cover: 0.972%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago	5.94 bp	15.5 bp −$16	28.5 bp −$285	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	5.95 bp	31.0 bp −$31	97.1 bp −$971	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
Bitget SUSHIUSDT	−0.0058%	8h	0.2519	−0.395%	$1.0M	$713K	50x	as long as short
Variational Omni SUSHI	−0.0003%	8h	0.2521	−0.335%	$41K	$7K	—	as long as short
Injective SUSHI/USDC PERP	+0.0033%	1h	0.2545	+0.633%	$16	$18K	5.5x	as long as short
Hyperliquid SUSHI	+0.0100%	1h	0.2520	−0.368%	$351K	$334K	3x	as long as short
Aster SUSHIUSDT	+0.0100%	8h	0.2521	−0.315%	$23K	$17K	5x	as long as short
Binance SUSHIUSDT	+0.0100%	8h	0.2517	−0.474%	$3.9M	$9.1M	75x	as long as short
Bybit SUSHIUSDTshort	+0.0100%	8h	0.2517	−0.478%	$2.5M	$2.6M	75x
OKX SUSHI-USDT-SWAP	+0.0100%	8h	0.2519	−0.395%	$1.6M	$3.4M	50x	as long as short
Gate SUSHI_USDT	+0.0100%	8h	0.2521	−0.316%	$566K	$233K	50x	as long as short
MEXC SUSHI_USDT	+0.0100%	8h	0.2518	−0.435%	$1.2M	$270K	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SUSHIUSDTM	+0.0100%	8h	0.2520	−0.356%	$1.2M	$234K	50x	as long as short
BingX SUSHI-USDT	+0.0100%	8h	0.2520	−0.356%	—	$2.5M	—	as long as short
HTX SUSHI-USDT	+0.0100%	8h	0.2523	−0.237%	$84K	$75K	75x	as long as short
BloFin SUSHI-USDTlong	+0.0115%	8h	0.2529	long leg	$210K	$38K	75x
Kraken Futures PF_SUSHIUSD	+0.0316%	1h	0.2522	−0.286%	$759K	$62K	20x	as long as short