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

SUSHI

all SUSHI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: KuCoin against Hyperliquid−0.098%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$810.814% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.077%−$8 on $10k
Price spread, last 4 days (all we have)+0.094%+$9 · spread now −0.098%, 7d avg −0.036%
Together, before fees+0.017%+ Points / potential airdropHyperliquid: Season 2 · farm board+$2 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 0.062% cheaper against Hyperliquid than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.036%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid SUSHI0.25620.0100pay 0.0013% / 1h53m 00s$358K$406K3x
ShortKuCoin SUSHIUSDTM0.25600.0100get 0.0100% / 8h53m 00s$1.2M$233K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$0
Price spread: −0.098% → −0.036%
−$6.2
Slippage, 4 orders
−$60.4
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$87.6
Costs to cover
0.814%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; KuCoin: live order book, 2 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, 7 min ago5.48 bp16.6 bp −$17doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 2 min ago5.86 bp21.9 bp −$22124.3 bp −$1,243doesn't fitdoesn'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
Kraken Futures PF_SUSHIUSD−0.0012%1h0.2564+0.070%$770K$68K20xas long as short
Injective SUSHI/USDC PERP+0.0033%1h0.2545−0.683%$16$18K5.5xas long as short
Bitget SUSHIUSDT+0.0074%8h0.2560−0.098%$1.0M$689K50xas long as short
BloFin SUSHI-USDT+0.0074%8h0.2556−0.254%$216K$66K75xas long as short
Hyperliquid SUSHIlong+0.0100%1h0.2562long leg$358K$406K3x
Aster SUSHIUSDT+0.0100%8h0.2559−0.123%$23K$17K5xas long as short
Binance SUSHIUSDT+0.0100%8h0.2561−0.068%$3.9M$8.9M75xas long as short
Bybit SUSHIUSDT+0.0100%8h0.2561−0.059%$2.6M$2.5M75xas long as short
OKX SUSHI-USDT-SWAP+0.0100%8h0.2565+0.098%$1.7M$3.1M50xas long as short
Gate SUSHI_USDT+0.0100%8h0.2560−0.098%$566K$295K50xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC SUSHI_USDT+0.0100%8h0.2560−0.098%$1.3M$299K75xas long as short
KuCoin SUSHIUSDTMshort+0.0100%8h0.2560−0.098%$1.2M$233K50x
BingX SUSHI-USDT+0.0100%8h0.2562−0.020%$2.5Mas long as short
Variational Omni SUSHI+0.0100%8h0.2551−0.443%$41K$14Kas long as short
HTX SUSHI-USDT+0.0100%8h0.2559−0.137%$86K$53K75xas long as short