Funding arb · Price arb /

SUSHI

all SUSHI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bybit+0.154%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$1091.094% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.146%−$15 · spread now +0.154%, 7d avg +0.044%

Together, before fees−0.166%−$17 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: KuCoin is 0.110% dearer against Bybit than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SUSHIUSDT	0.2532	0.0100	pay 0.0100% / 8h	1h 18m	$2.6M	$2.5M	75x
Short	KuCoin SUSHIUSDTM	0.2536	0.0100	get 0.0100% / 8h	1h 18m	$1.2M	$236K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.154%Rate

Funding earned: $0
Price spread: +0.154% → +0.044%: $11
Slippage, 4 orders: −$86.37
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$98.38
Costs to cover: 1.094%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 1 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, 3 min ago	1.97 bp	30.4 bp −$30	935.6 bp −$9,356	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	5.92 bp	27.2 bp −$27	133.3 bp −$1,333	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
Injective SUSHI/USDC PERP	+0.0033%	1h	0.2545	+0.509%	$16	$18K	5.5x	as long as short
Bitget SUSHIUSDT	+0.0062%	8h	0.2536	+0.154%	$992K	$701K	50x	as long as short
Kraken Futures PF_SUSHIUSD	+0.0097%	1h	0.2536	+0.135%	$762K	$73K	20x	as long as short
Hyperliquid SUSHI	+0.0100%	1h	0.2536	+0.170%	$355K	$405K	3x	as long as short
Aster SUSHIUSDT	+0.0100%	8h	0.2535	+0.114%	$23K	$17K	5x	as long as short
Binance SUSHIUSDT	+0.0100%	8h	0.2535	+0.095%	$3.8M	$9.1M	75x	as long as short
Bybit SUSHIUSDTlong	+0.0100%	8h	0.2532	long leg	$2.6M	$2.5M	75x
OKX SUSHI-USDT-SWAP	+0.0100%	8h	0.2536	+0.154%	$1.6M	$3.1M	50x	as long as short
Gate SUSHI_USDT	+0.0100%	8h	0.2535	+0.115%	$563K	$301K	50x	as long as short
MEXC SUSHI_USDT	+0.0100%	8h	0.2534	+0.075%	$1.3M	$353K	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SUSHIUSDTMshort	+0.0100%	8h	0.2536	+0.154%	$1.2M	$236K	50x
BingX SUSHI-USDT	+0.0100%	8h	0.2536	+0.154%	—	$2.5M	—	as long as short
Variational Omni SUSHI	+0.0100%	8h	0.2533	+0.023%	$41K	$14K	—	as long as short
HTX SUSHI-USDT	+0.0100%	8h	0.2539	+0.273%	$85K	$59K	75x	as long as short
BloFin SUSHI-USDT	+0.0112%	8h	0.2535	+0.115%	$212K	$65K	75x	as long as short