SUSHI

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.020%

Price spread now: Hyperliquid against Injective−1.081%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding pays, the price is against you. Hyperliquid is 1.081% cheaper against Injective than usual: you would sell low and buy high (spread −1.081% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$108 on $10k: about 54 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective SUSHI/USDC PERP	0.2545	0.0033	pay 0.0004% / 1h	55m 26s	$16	$18K	5.5x
Short	Hyperliquid SUSHI	0.2517	0.0100	get 0.0013% / 1h	55m 26s	$351K	$394K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpFee HyperliquidbpOrdersPrice spread, now −1.081%Rate

Funding earned: $14
Price spread: −1.081% → 0.000%: −$108.06
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$103.07
Costs to cover: 0.090%
Break-even: 58.5 days

Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 54 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 Injective no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 54 min ago	1.37 bp	18.9 bp −$19	doesn't fit	doesn't fit	doesn't fit

Injective: 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	+0.0010%	8h	0.2518	−1.061%	$1.0M	$692K	50x	as long as short
Injective SUSHI/USDC PERPlong	+0.0033%	1h	0.2545	long leg	$16	$18K	5.5x
Variational Omni SUSHI	+0.0063%	8h	0.2513	−1.253%	$40K	$14K	—	as long as short
Hyperliquid SUSHIshort	+0.0100%	1h	0.2517	−1.081%	$351K	$394K	3x
Aster SUSHIUSDT	+0.0100%	8h	0.2520	−0.964%	$23K	$17K	5x	as long as short
Binance SUSHIUSDT	+0.0100%	8h	0.2519	−1.022%	$3.9M	$9.2M	75x	as long as short
Bybit SUSHIUSDT	+0.0100%	8h	0.2517	−1.100%	$2.5M	$2.6M	75x	as long as short
OKX SUSHI-USDT-SWAP	+0.0100%	8h	0.2522	−0.904%	$1.6M	$3.1M	50x	as long as short
Gate SUSHI_USDT	+0.0100%	8h	0.2518	−1.061%	$556K	$260K	50x	as long as short
MEXC SUSHI_USDT	+0.0100%	8h	0.2517	−1.100%	$1.2M	$298K	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SUSHIUSDTM	+0.0100%	8h	0.2519	−1.022%	$1.1M	$230K	50x	as long as short
BingX SUSHI-USDT	+0.0100%	8h	0.2519	−1.022%	—	$2.5M	—	as long as short
HTX SUSHI-USDT	+0.0100%	8h	0.2522	−0.904%	$87K	$50K	75x	as long as short
BloFin SUSHI-USDT	+0.0114%	8h	0.2543	−0.079%	$217K	$53K	75x	as long as short
Kraken Futures PF_SUSHIUSD	+0.0134%	1h	0.2521	−0.926%	$758K	$70K	20x	as long as short