Funding you earn now, next payment 16:00 UTC−0.0030%/8h= −3.2% APRnext payment −$0.30 per $10,000 · paid last 24h −0.004%
Price spread now: MEXC against BloFin+0.157%109s7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as 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−$390.394% of the position
Funding, last 7 days−0.020%−$2 on $10k
+Price spread, last 4 days (all we have)−0.157%−$16 · spread now +0.157%, 7d avg −0.005%
=The price spread pays, funding is against you. MEXC is 0.162% dearer against BloFin than usual: you sell high and buy low (spread +0.157% now, against its 7-day average of −0.005%): +$16 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 18 days. At the pace of the last 7 days (−0.020% in total) that is about 57 days. The two prices were read 109 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 | 0.2547 | 0.0130 | pay 0.0130% / 8h | 7h 01m | $205K | $57K | 75x |
| Short | MEXC SUSHI_USDT | 0.2551 | 0.0100 | get 0.0100% / 8h | 7h 01m | $1.2M | $286K | 75x |
BloFin SUSHI-USDT
MEXC SUSHI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$6.2
- Price spread: +0.157% → −0.005%
- $16.2
- Slippage, 4 orders
- −$23.35
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$29.35
- Costs to cover
- 0.394%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 55 min ago; MEXC: live order book, 5 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, 55 min ago | 7.87 bp | 15.8 bp −$16 | 36.7 bp −$367 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 1.96 bp | 4.5 bp −$5 | 23.4 bp −$234 | 161.7 bp −$16.2K | 229.9 bp −$114.9K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SUSHI | −0.0012% | 8h | 0.2550 | +0.101% | $41K | $7K | — | as long as short |
| Injective SUSHI/USDC PERP | +0.0033% | 1h | 0.2545 | −0.079% | $16 | $18K | 5.5x | as long as short |
| Hyperliquid SUSHI | +0.0100% | 1h | 0.2551 | +0.141% | $335K | $338K | 3x | as long as short |
| Aster SUSHIUSDT | +0.0100% | 8h | 0.2550 | +0.129% | $22K | $16K | 5x | as long as short |
| Binance SUSHIUSDT | +0.0100% | 8h | 0.2551 | +0.157% | $3.9M | $9.3M | 75x | as long as short |
| Bybit SUSHIUSDT | +0.0100% | 8h | 0.2549 | +0.059% | $2.5M | $3.1M | 75x | as long as short |
| OKX SUSHI-USDT-SWAP | +0.0100% | 8h | 0.2549 | +0.079% | $1.5M | $3.8M | 50x | as long as short |
| Gate SUSHI_USDT | +0.0100% | 8h | 0.2550 | +0.118% | $580K | $286K | 50x | as long as short |
| MEXC SUSHI_USDTshort | +0.0100% | 8h | 0.2551 | +0.157% | $1.2M | $286K | 75x | |
| KuCoin SUSHIUSDTM | +0.0100% | 8h | 0.2550 | +0.118% | $1.2M | $250K | 50x | as long as short |
Variational Omni SUSHI
Injective SUSHI/USDC PERP
Hyperliquid SUSHI
Aster SUSHIUSDT
Binance SUSHIUSDT
Bybit SUSHIUSDT
OKX SUSHI-USDT-SWAP
Gate SUSHI_USDT
KuCoin SUSHIUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SUSHIUSDT | +0.0100% | 8h | 0.2549 | +0.079% | $975K | $775K | 50x | as long as short |
| BingX SUSHI-USDT | +0.0100% | 8h | 0.2551 | +0.157% | — | $2.5M | — | as long as short |
| HTX SUSHI-USDT | +0.0100% | 8h | 0.2550 | +0.118% | $85K | $78K | 75x | as long as short |
| BloFin SUSHI-USDTlong | +0.0130% | 8h | 0.2547 | long leg | $205K | $57K | 75x | |
| Kraken Futures PF_SUSHIUSD | +0.0316% | 1h | 0.2552 | +0.183% | $767K | $64K | 20x | as long as short |
Bitget SUSHIUSDT
BingX SUSHI-USDT
HTX SUSHI-USDT
Kraken Futures PF_SUSHIUSD