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: Bybit against Gate0.000%7-day average −0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$1001.001% of the position

Long on Gate Short on Bybit

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)−0.125%−$13 · spread now 0.000%, 7d avg −0.085%

Together, before fees−0.143%−$14 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: Bybit is 0.085% dearer against Gate than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.085%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SUSHI_USDT	0.2502	0.0100	pay 0.0100% / 8h	2h 42m	$569K	$246K	50x
Short	Bybit SUSHIUSDT	0.2502	0.0100	get 0.0100% / 8h	2h 42m	$2.5M	$2.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.085%: $8.51
Slippage, 4 orders: −$74.15
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$91.63
Costs to cover: 1.001%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Bybit: live order book, 4 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, 3 min ago	5.98 bp	27.0 bp −$27	973.9 bp −$9,739	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	3.99 bp	27.5 bp −$27	83.7 bp −$837	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	−0.0063%	8h	0.2501	−0.040%	$995K	$715K	50x	as long as short
Variational Omni SUSHI	+0.0001%	8h	0.2505	+0.122%	$40K	$7K	—	as long as short
Injective SUSHI/USDC PERP	+0.0033%	1h	0.2545	+1.719%	$16	$18K	5.5x	as long as short
BloFin SUSHI-USDT	+0.0096%	8h	0.2504	+0.080%	$210K	$44K	75x	as long as short
Hyperliquid SUSHI	+0.0100%	1h	0.2500	−0.060%	$337K	$346K	3x	as long as short
Aster SUSHIUSDT	+0.0100%	8h	0.2500	−0.063%	$22K	$17K	5x	as long as short
Binance SUSHIUSDT	+0.0100%	8h	0.2502	0.000%	$3.9M	$9.1M	75x	as long as short
Bybit SUSHIUSDTshort	+0.0100%	8h	0.2502	0.000%	$2.5M	$2.6M	75x
OKX SUSHI-USDT-SWAP	+0.0100%	8h	0.2501	−0.040%	$1.6M	$3.4M	50x	as long as short
Gate SUSHI_USDTlong	+0.0100%	8h	0.2502	long leg	$569K	$246K	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	0.2498	−0.160%	$1.2M	$272K	75x	as long as short
KuCoin SUSHIUSDTM	+0.0100%	8h	0.2500	−0.080%	$1.1M	$237K	50x	as long as short
BingX SUSHI-USDT	+0.0100%	8h	0.2503	+0.040%	—	$2.5M	—	as long as short
HTX SUSHI-USDT	+0.0100%	8h	0.2505	+0.120%	$84K	$75K	75x	as long as short
Kraken Futures PF_SUSHIUSD	+0.0365%	1h	0.2502	+0.014%	$753K	$62K	20x	as long as short