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: Binance against Bybit+0.003%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$960.959% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 7 days+0.051%+$5 · spread now +0.003%, 7d avg +0.035%

Together, before fees+0.054%+$5 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: Binance is 0.031% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SUSHIUSDT	0.2519	0.0100	pay 0.0100% / 8h	3h 10m	$2.5M	$2.6M	75x
Short	Binance SUSHIUSDT	0.2519	0.0100	get 0.0100% / 8h	3h 10m	$3.9M	$9.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.003%Rate

Funding earned: $0
Price spread: +0.003% → +0.035%: −$3.13
Slippage, 4 orders: −$74.94
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$99.07
Costs to cover: 0.959%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Binance: live order book, 14 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 Bybit live order book, 2 min ago	5.95 bp	29.2 bp −$29	129.3 bp −$1,293	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	3.95 bp	19.3 bp −$19	46.6 bp −$466	358.6 bp −$35.9K	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	0.000%	$1.0M	$713K	50x	as long as short
Variational Omni SUSHI	−0.0003%	8h	0.2521	+0.061%	$41K	$7K	—	as long as short
Injective SUSHI/USDC PERP	+0.0033%	1h	0.2545	+1.032%	$16	$18K	5.5x	as long as short
Hyperliquid SUSHI	+0.0100%	1h	0.2521	+0.099%	$352K	$334K	3x	as long as short
Aster SUSHIUSDT	+0.0100%	8h	0.2524	+0.193%	$23K	$17K	5x	as long as short
Binance SUSHIUSDTshort	+0.0100%	8h	0.2519	+0.003%	$3.9M	$9.1M	75x
Bybit SUSHIUSDTlong	+0.0100%	8h	0.2519	long leg	$2.5M	$2.6M	75x
OKX SUSHI-USDT-SWAP	+0.0100%	8h	0.2522	+0.119%	$1.6M	$3.4M	50x	as long as short
Gate SUSHI_USDT	+0.0100%	8h	0.2523	+0.159%	$566K	$233K	50x	as long as short
MEXC SUSHI_USDT	+0.0100%	8h	0.2520	+0.040%	$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	+0.040%	$1.2M	$234K	50x	as long as short
BingX SUSHI-USDT	+0.0100%	8h	0.2521	+0.079%	—	$2.5M	—	as long as short
HTX SUSHI-USDT	+0.0100%	8h	0.2524	+0.198%	$84K	$75K	75x	as long as short
BloFin SUSHI-USDT	+0.0115%	8h	0.2529	+0.397%	$210K	$38K	75x	as long as short
Kraken Futures PF_SUSHIUSD	+0.0316%	1h	0.2524	+0.196%	$759K	$62K	20x	as long as short