Funding you earn now, next payment 08:00 UTC−0.0025%/8h= −2.8% APRnext payment −$0.25 per $10,000 · paid last 24h +0.004%
Price spread now: BloFin against Gate−0.441%63s7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as 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−$860.863% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 4 days (all we have)+0.361%+$36 · spread now −0.441%, 7d avg −0.056%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.385% cheaper against Gate than usual: you would sell low and buy high (−$38 if the spread goes back to its 7-day average of −0.056%). Swap the legs. The two prices were read 63 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 | Gate SUSHI_USDT | 0.2495 | 0.0100 | pay 0.0100% / 8h | 2h 22m | $562K | $271K | 50x |
| Short | BloFin SUSHI-USDT | 0.2484 | 0.0075 | get 0.0075% / 8h | 2h 22m | $207K | $52K | 75x |
Gate SUSHI_USDT
BloFin SUSHI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$5.35
- Price spread: −0.441% → −0.056%
- −$38.45
- Slippage, 4 orders
- −$59.33
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$130.13
- Costs to cover
- 0.863%
- Break-even
- never at this rate
Slippage from Gate: live order book, 24 min ago; BloFin: live order book, 50 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, 24 min ago | 5.98 bp | 27.0 bp −$27 | 973.9 bp −$9,739 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 50 min ago | 5.94 bp | 21.6 bp −$22 | 33.4 bp −$334 | 129.0 bp −$12.9K | 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 | −0.0051% | 8h | 0.2498 | +0.120% | $976K | $737K | 50x | as long as short |
| Variational Omni SUSHI | 0.0000% | 8h | 0.2478 | −0.698% | $40K | $7K | — | as long as short |
| Injective SUSHI/USDC PERP | +0.0033% | 1h | 0.2545 | +2.004% | $16 | $18K | 5.5x | as long as short |
| BloFin SUSHI-USDTshort | +0.0075% | 8h | 0.2484 | −0.441% | $207K | $52K | 75x | |
| Hyperliquid SUSHI | +0.0100% | 1h | 0.2499 | +0.172% | $333K | $352K | 3x | as long as short |
| Aster SUSHIUSDT | +0.0100% | 8h | 0.2495 | +0.015% | $22K | $15K | 5x | as long as short |
| Binance SUSHIUSDT | +0.0100% | 8h | 0.2498 | +0.125% | $3.8M | $9.4M | 75x | as long as short |
| Bybit SUSHIUSDT | +0.0100% | 8h | 0.2498 | +0.116% | $2.5M | $2.8M | 75x | as long as short |
| OKX SUSHI-USDT-SWAP | +0.0100% | 8h | 0.2501 | +0.240% | $1.5M | $3.6M | 50x | as long as short |
| Gate SUSHI_USDTlong | +0.0100% | 8h | 0.2495 | long leg | $562K | $271K | 50x |
Bitget SUSHIUSDT
Variational Omni SUSHI
Injective SUSHI/USDC PERP
Hyperliquid SUSHI
Aster SUSHIUSDT
Binance SUSHIUSDT
Bybit SUSHIUSDT
OKX SUSHI-USDT-SWAPShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SUSHI_USDT | +0.0100% | 8h | 0.2497 | +0.080% | $1.2M | $278K | 75x | as long as short |
| KuCoin SUSHIUSDTM | +0.0100% | 8h | 0.2493 | −0.080% | $1.1M | $242K | 50x | as long as short |
| BingX SUSHI-USDT | +0.0100% | 8h | 0.2494 | −0.040% | — | $2.5M | — | as long as short |
| HTX SUSHI-USDT | +0.0100% | 8h | 0.2502 | +0.281% | $83K | $77K | 75x | as long as short |
| Kraken Futures PF_SUSHIUSD | +0.0366% | 1h | 0.2498 | +0.127% | $750K | $62K | 20x | as long as short |
MEXC SUSHI_USDT
KuCoin SUSHIUSDTM
BingX SUSHI-USDT
HTX SUSHI-USDT
Kraken Futures PF_SUSHIUSD