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: Gate against Bybit+0.198%7-day average +0.084% · you sell dearer than you buy

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$990.989% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.076%−$8 · spread now +0.198%, 7d avg +0.084%

Together, before fees−0.059%−$6 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: Gate is 0.114% dearer against Bybit than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.084%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SUSHIUSDT	0.2523	0.0100	pay 0.0100% / 8h	3h 12m	$2.5M	$2.6M	75x
Short	Gate SUSHI_USDT	0.2528	0.0100	get 0.0100% / 8h	3h 12m	$566K	$232K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.198%Rate

Funding earned: $0
Price spread: +0.198% → +0.084%: $11.39
Slippage, 4 orders: −$72.86
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$87.47
Costs to cover: 0.989%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Gate: live order book, 38 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, 4 min ago	3.95 bp	28.5 bp −$29	139.6 bp −$1,396	doesn't fit	doesn't fit
Sell Gate live order book, 38 min ago	3.92 bp	18.8 bp −$19	94.7 bp −$947	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	0.2528	+0.198%	$1.0M	$713K	50x	as long as short
Variational Omni SUSHI	−0.0003%	8h	0.2529	+0.220%	$41K	$7K	—	as long as short
Injective SUSHI/USDC PERP	+0.0033%	1h	0.2545	+0.872%	$16	$18K	5.5x	as long as short
BloFin SUSHI-USDT	+0.0087%	8h	0.2529	+0.238%	$211K	$38K	75x	as long as short
Hyperliquid SUSHI	+0.0100%	1h	0.2527	+0.178%	$353K	$334K	3x	as long as short
Aster SUSHIUSDT	+0.0100%	8h	0.2529	+0.223%	$23K	$17K	5x	as long as short
Binance SUSHIUSDT	+0.0100%	8h	0.2523	+0.002%	$3.9M	$9.1M	75x	as long as short
Bybit SUSHIUSDTlong	+0.0100%	8h	0.2523	long leg	$2.5M	$2.6M	75x
OKX SUSHI-USDT-SWAP	+0.0100%	8h	0.2526	+0.119%	$1.6M	$3.4M	50x	as long as short
Gate SUSHI_USDTshort	+0.0100%	8h	0.2528	+0.198%	$566K	$232K	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SUSHI_USDT	+0.0100%	8h	0.2525	+0.079%	$1.2M	$270K	75x	as long as short
KuCoin SUSHIUSDTM	+0.0100%	8h	0.2526	+0.119%	$1.2M	$234K	50x	as long as short
BingX SUSHI-USDT	+0.0100%	8h	0.2526	+0.119%	—	$2.5M	—	as long as short
HTX SUSHI-USDT	+0.0100%	8h	0.2530	+0.277%	$84K	$75K	75x	as long as short
Kraken Futures PF_SUSHIUSD	+0.0315%	1h	0.2529	+0.257%	$761K	$62K	20x	as long as short