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

SUSHI

all SUSHI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0008%/8h= −0.9% APRpaid last 24h +0.004%
Price spread now: BloFin against Hyperliquid+0.159%7-day average −0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$720.721% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.037%−$4 on $10k
Price spread, last 4 days (all we have)−0.231%−$23 · spread now +0.159%, 7d avg −0.054%
Together, before fees−0.269%+ Points / potential airdropHyperliquid: Season 2 · farm board−$27 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: BloFin is 0.213% dearer against Hyperliquid than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.054%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid SUSHI0.25180.0100pay 0.0013% / 1h42m 42s$331K$348K3x
ShortBloFin SUSHI-USDT0.25220.0092get 0.0092% / 8h1h 42m$208K$53K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Hyperliquid. 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
−$1.66
Price spread: +0.159% → −0.054%
$21.32
Slippage, 4 orders
−$51.06
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$52.4
Costs to cover
0.721%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 17 min ago; BloFin: live order book, 24 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 17 min ago4.55 bp14.9 bp −$15doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 24 min ago1.98 bp25.5 bp −$2542.1 bp −$421126.5 bp −$12.6Kdoesn't fit

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+0.0001%8h0.2519+0.040%$997K$742K50xas long as short
Variational Omni SUSHI+0.0031%8h0.2514−0.156%$40K$7Kas long as short
Injective SUSHI/USDC PERP+0.0033%1h0.2545+1.072%$16$18K5.5xas long as short
Kraken Futures PF_SUSHIUSD+0.0064%1h0.2521+0.135%$757K$61K20xas long as short
BloFin SUSHI-USDTshort+0.0092%8h0.2522+0.159%$208K$53K75x
Hyperliquid SUSHIlong+0.0100%1h0.2518long leg$331K$348K3x
Aster SUSHIUSDT+0.0100%8h0.2518−0.018%$23K$15K5xas long as short
Binance SUSHIUSDT+0.0100%8h0.2517−0.037%$3.9M$9.4M75xas long as short
Bybit SUSHIUSDT+0.0100%8h0.2515−0.119%$2.5M$2.9M75xas long as short
OKX SUSHI-USDT-SWAP+0.0100%8h0.2516−0.079%$1.5M$3.7M50xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate SUSHI_USDT+0.0100%8h0.2519+0.040%$571K$270K50xas long as short
MEXC SUSHI_USDT+0.0100%8h0.2517−0.040%$1.2M$275K75xas long as short
KuCoin SUSHIUSDTM+0.0100%8h0.25180.000%$1.2M$246K50xas long as short
BingX SUSHI-USDT+0.0100%8h0.25180.000%$2.5Mas long as short
HTX SUSHI-USDT+0.0100%8h0.2521+0.119%$84K$79K75xas long as short