SUSHI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0023%/8h= +2.5% APRnext payment +$0.23 per $10,000 · paid last 24h +0.005%

Price spread now: BloFin against Bybit+0.392%112s7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as 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−$910.910% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 3 days (all we have)−0.381%−$38 · spread now +0.392%, 7d avg +0.034%

Together, before fees−0.365%−$36 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.358% dearer against Bybit than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of +0.034%. The two prices were read 112 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	Bybit SUSHIUSDT	0.2552	0.0081	pay 0.0081% / 8h	7h 57m	$2.6M	$2.5M	75x
Short	BloFin SUSHI-USDT	0.2562	0.0104	get 0.0104% / 8h	7h 57m	$214K	$61K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.392%Rate

Funding earned: $4.78
Price spread: +0.392% → +0.034%: $35.76
Slippage, 4 orders: −$67.97
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$50.43
Costs to cover: 0.910%
Break-even: 80.9 days

Slippage from Bybit: live order book, 10 min ago; BloFin: live order book, 8 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, 10 min ago	3.93 bp	31.8 bp −$32	609.2 bp −$6,092	doesn't fit	doesn't fit
Sell BloFin live order book, 8 min ago	3.91 bp	20.4 bp −$20	46.4 bp −$464	153.7 bp −$15.4K	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	−0.274%	$16	$18K	5.5x	as long as short
Bitget SUSHIUSDT	+0.0039%	8h	0.2552	0.000%	$1.0M	$683K	50x	as long as short
Variational Omni SUSHI	+0.0074%	8h	0.2558	+0.222%	$41K	$14K	—	as long as short
Bybit SUSHIUSDTlong	+0.0081%	8h	0.2552	long leg	$2.6M	$2.5M	75x
Kraken Futures PF_SUSHIUSD	+0.0089%	1h	0.2553	+0.057%	$767K	$67K	20x	as long as short
Hyperliquid SUSHI	+0.0100%	1h	0.2554	+0.078%	$352K	$408K	3x	as long as short
Aster SUSHIUSDT	+0.0100%	8h	0.2554	+0.093%	$23K	$17K	5x	as long as short
Binance SUSHIUSDT	+0.0100%	8h	0.2552	0.000%	$3.9M	$8.9M	75x	as long as short
OKX SUSHI-USDT-SWAP	+0.0100%	8h	0.2555	+0.118%	$1.7M	$3.1M	50x	as long as short
Gate SUSHI_USDT	+0.0100%	8h	0.2555	+0.118%	$564K	$289K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SUSHI_USDT	+0.0100%	8h	0.2552	0.000%	$1.3M	$293K	75x	as long as short
KuCoin SUSHIUSDTM	+0.0100%	8h	0.2553	+0.039%	$1.2M	$229K	50x	as long as short
BingX SUSHI-USDT	+0.0100%	8h	0.2553	+0.039%	—	$2.5M	—	as long as short
HTX SUSHI-USDT	+0.0100%	8h	0.2555	+0.118%	$89K	$58K	75x	as long as short
BloFin SUSHI-USDTshort	+0.0104%	8h	0.2562	+0.392%	$214K	$61K	75x