Funding you earn now, next payment 08:00 UTC−0.0103%/8h= −11.3% APRnext payment −$1.03 per $10,000 · paid last 24h −0.006%
Price spread now: Bitget against Gate−0.079%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$810.807% of the position
Funding, last 7 days+0.034%+$3 on $10k
+Price spread, last 4 days (all we have)+0.065%+$7 · spread now −0.079%, 7d avg −0.026%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.053% cheaper against Gate than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.026%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SUSHI_USDT | 0.2538 | 0.0100 | pay 0.0100% / 8h | 6h 33m | $559K | $266K | 50x |
| Short | Bitget SUSHIUSDT | 0.2536 | −0.0003 | pay 0.0003% / 8h | 6h 33m | $1.0M | $715K | 50x |
Gate SUSHI_USDT
Bitget SUSHIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Gate. 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
- −$21.63
- Price spread: −0.079% → −0.026%
- −$5.29
- Slippage, 4 orders
- −$53.68
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$107.6
- Costs to cover
- 0.807%
- Break-even
- never at this rate
Slippage from Gate: live order book, 33 min ago; Bitget: live order book, 3 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 Gate live order book, 33 min ago | 5.84 bp | 27.3 bp −$27 | 660.9 bp −$6,609 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 3.95 bp | 18.8 bp −$19 | 34.2 bp −$342 | doesn't fit | doesn't fit |
SUSHI on 14 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 SUSHIUSDTshort | −0.0003% | 8h | 0.2536 | −0.079% | $1.0M | $715K | 50x | |
| Injective SUSHI/USDC PERP | +0.0033% | 1h | 0.2545 | +0.276% | $16 | $18K | 5.5x | as long as short |
| Variational Omni SUSHI | +0.0063% | 8h | 0.2537 | −0.035% | $41K | $14K | — | as long as short |
| Hyperliquid SUSHI | +0.0100% | 1h | 0.2536 | −0.095% | $360K | $385K | 3x | as long as short |
| Aster SUSHIUSDT | +0.0100% | 8h | 0.2536 | −0.067% | $23K | $17K | 5x | as long as short |
| Binance SUSHIUSDT | +0.0100% | 8h | 0.2534 | −0.158% | $3.9M | $9.3M | 75x | as long as short |
| Bybit SUSHIUSDT | +0.0100% | 8h | 0.2534 | −0.154% | $2.5M | $2.6M | 75x | as long as short |
| OKX SUSHI-USDT-SWAP | +0.0100% | 8h | 0.2538 | 0.000% | $1.6M | $3.2M | 50x | as long as short |
| Gate SUSHI_USDTlong | +0.0100% | 8h | 0.2538 | long leg | $559K | $266K | 50x | |
| MEXC SUSHI_USDT | +0.0100% | 8h | 0.2535 | −0.118% | $1.2M | $302K | 75x | as long as short |
Injective SUSHI/USDC PERP
Variational Omni SUSHI
Hyperliquid SUSHI
Aster SUSHIUSDT
Binance SUSHIUSDT
Bybit SUSHIUSDT
OKX SUSHI-USDT-SWAP
MEXC SUSHI_USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SUSHIUSDTM | +0.0100% | 8h | 0.2537 | −0.039% | $1.2M | $236K | 50x | as long as short |
| BingX SUSHI-USDT | +0.0100% | 8h | 0.2536 | −0.079% | — | $2.5M | — | as long as short |
| HTX SUSHI-USDT | +0.0100% | 8h | 0.2537 | −0.039% | $87K | $50K | 75x | as long as short |
| Kraken Futures PF_SUSHIUSD | +0.0133% | 1h | 0.2536 | −0.084% | $762K | $70K | 20x | as long as short |
KuCoin SUSHIUSDTM
BingX SUSHI-USDT
HTX SUSHI-USDT
Kraken Futures PF_SUSHIUSD