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: BingX against HTX−0.237%52s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.237% cheaper against HTX than usual: you would sell low and buy high, −$24 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 52 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	HTX SUSHI-USDT	0.2530	0.0100	pay 0.0100% / 8h	3h 12m	$84K	$75K	75x
Short	BingX SUSHI-USDT	0.2524	0.0100	get 0.0100% / 8h	3h 12m	—	$2.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against HTX. 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 HTXbpFee BingXbpOrdersPrice spread, now −0.237%Rate

Funding earned: $0
Price spread: −0.237% → 0.000%: −$23.72
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$45.72
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; BingX: live order book, 7 min ago. Net counts fees only.

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 HTX no order-book sample	—	—	—	—	—
Sell BingX live order book, 7 min ago	7.91 bp	20.0 bp −$20	44.2 bp −$442	515.2 bp −$51.5K	1283.7 bp −$641.9K

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0058%	8h	0.2527	−0.119%	$1.0M	$713K	50x	as long as short
Variational Omni SUSHI	−0.0003%	8h	0.2529	−0.057%	$41K	$7K	—	as long as short
Injective SUSHI/USDC PERP	+0.0033%	1h	0.2545	+0.593%	$16	$18K	5.5x	as long as short
BloFin SUSHI-USDT	+0.0087%	8h	0.2529	−0.040%	$211K	$38K	75x	as long as short
Hyperliquid SUSHI	+0.0100%	1h	0.2525	−0.182%	$352K	$334K	3x	as long as short
Aster SUSHIUSDT	+0.0100%	8h	0.2527	−0.122%	$23K	$17K	5x	as long as short
Binance SUSHIUSDT	+0.0100%	8h	0.2522	−0.304%	$3.9M	$9.1M	75x	as long as short
Bybit SUSHIUSDT	+0.0100%	8h	0.2522	−0.332%	$2.5M	$2.6M	75x	as long as short
OKX SUSHI-USDT-SWAP	+0.0100%	8h	0.2524	−0.237%	$1.6M	$3.4M	50x	as long as short
Gate SUSHI_USDT	+0.0100%	8h	0.2525	−0.198%	$565K	$232K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SUSHI_USDT	+0.0100%	8h	0.2524	−0.237%	$1.2M	$270K	75x	as long as short
KuCoin SUSHIUSDTM	+0.0100%	8h	0.2525	−0.198%	$1.2M	$234K	50x	as long as short
BingX SUSHI-USDTshort	+0.0100%	8h	0.2524	−0.237%	—	$2.5M	—
HTX SUSHI-USDTlong	+0.0100%	8h	0.2530	long leg	$84K	$75K	75x
Kraken Futures PF_SUSHIUSD	+0.0315%	1h	0.2529	−0.021%	$761K	$62K	20x	as long as short