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: KuCoin against Gate0.000%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$100as in the Funding arb table

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

costs, in and out, $10k−$960.964% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 4 days (all we have)−0.049%−$5 · spread now 0.000%, 7d avg −0.040%

Together, before fees−0.082%−$8 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 0.040% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SUSHI_USDT	0.2570	0.0100	pay 0.0100% / 8h	7h 10m	$568K	$294K	50x
Short	KuCoin SUSHIUSDTM	0.2570	0.0100	get 0.0100% / 8h	7h 10m	$1.2M	$230K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.040%: $3.97
Slippage, 4 orders: −$69.44
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$92.47
Costs to cover: 0.964%
Break-even: never at this rate

Slippage from Gate: live order book, 61 min ago; KuCoin: live order book, 5 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, 61 min ago	7.86 bp	27.0 bp −$27	149.4 bp −$1,494	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	3.89 bp	24.1 bp −$24	132.4 bp −$1,324	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	+0.0027%	8h	0.2568	−0.078%	$1.0M	$681K	50x	as long as short
Injective SUSHI/USDC PERP	+0.0033%	1h	0.2545	−0.973%	$16	$18K	5.5x	as long as short
Variational Omni SUSHI	+0.0074%	8h	0.2563	−0.269%	$41K	$14K	—	as long as short
Kraken Futures PF_SUSHIUSD	+0.0089%	1h	0.2572	+0.074%	$772K	$67K	20x	as long as short
Hyperliquid SUSHI	+0.0100%	1h	0.2572	+0.066%	$362K	$391K	3x	as long as short
Aster SUSHIUSDT	+0.0100%	8h	0.2572	+0.064%	$23K	$17K	5x	as long as short
Binance SUSHIUSDT	+0.0100%	8h	0.2570	−0.008%	$4.0M	$9.0M	75x	as long as short
Bybit SUSHIUSDT	+0.0100%	8h	0.2567	−0.117%	$2.6M	$2.4M	75x	as long as short
OKX SUSHI-USDT-SWAP	+0.0100%	8h	0.2571	+0.039%	$1.7M	$3.1M	50x	as long as short
Gate SUSHI_USDTlong	+0.0100%	8h	0.2570	long leg	$568K	$294K	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	0.2570	0.000%	$1.3M	$300K	75x	as long as short
KuCoin SUSHIUSDTMshort	+0.0100%	8h	0.2570	0.000%	$1.2M	$230K	50x
BingX SUSHI-USDT	+0.0100%	8h	0.2571	+0.039%	—	$2.5M	—	as long as short
HTX SUSHI-USDT	+0.0100%	8h	0.2574	+0.156%	$90K	$47K	75x	as long as short
BloFin SUSHI-USDT	+0.0110%	8h	0.2568	−0.078%	$218K	$53K	75x	as long as short