Settings8H · net · $10k
Funding arb · Price arb /

SUSHI

all SUSHI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0266%/8h= +29.2% APRpaid last 24h +0.030%
Price spread now: Kraken Futures against HTX−0.111%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.024%−$2 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Kraken Futures is 0.111% cheaper against HTX than usual: you would sell low and buy high (spread −0.111% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 33 hours of funding at the current rate (+$8 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.024% in total (about -1.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX SUSHI-USDT0.24980.0100pay 0.0100% / 8h2h 35m$83K$77K75x
ShortKraken Futures PF_SUSHIUSD0.24950.0366get 0.0046% / 1h35m 44s$750K$64K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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

Funding earned
$55.94
Price spread: −0.111% → 0.000%
−$11.12
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$22.82
Costs to cover
0.220%
Break-even
4.1 days
Slippage unknown: HTX: no order-book sample; Kraken Futures: live order book, 12 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX no order-book sample
Sell Kraken Futures live order book, 12 min ago15.89 bp35.6 bp −$36doesn't fitdoesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SUSHIUSDT−0.0063%8h0.2499+0.040%$980K$730K50xas long as short
Variational Omni SUSHI+0.0002%8h0.2494−0.176%$40K$7Kas long as short
Injective SUSHI/USDC PERP+0.0033%1h0.2545+1.882%$16$18K5.5xas long as short
BloFin SUSHI-USDT+0.0073%8h0.2489−0.360%$211K$53K75xas long as short
Hyperliquid SUSHI+0.0100%1h0.2501+0.140%$335K$349K3xas long as short
Aster SUSHIUSDT+0.0100%8h0.2499+0.058%$22K$15K5xas long as short
Binance SUSHIUSDT+0.0100%8h0.2500+0.086%$3.8M$9.3M75xas long as short
Bybit SUSHIUSDT+0.0100%8h0.2499+0.048%$2.5M$2.7M75xas long as short
OKX SUSHI-USDT-SWAP+0.0100%8h0.2501+0.120%$1.5M$3.5M50xas long as short
Gate SUSHI_USDT+0.0100%8h0.2501+0.120%$563K$270K50xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC SUSHI_USDT+0.0100%8h0.24980.000%$1.2M$277K75xas long as short
KuCoin SUSHIUSDTM+0.0100%8h0.24980.000%$1.1M$241K50xas long as short
BingX SUSHI-USDT+0.0100%8h0.2501+0.120%$2.5Mas long as short
HTX SUSHI-USDTlong+0.0100%8h0.2498long leg$83K$77K75x
Kraken Futures PF_SUSHIUSDshort+0.0366%1h0.2495−0.111%$750K$64K20x