Funding you earn now, next payment 05:00 UTC−0.0213%/8h= −23.3% APRpaid last 24h −0.026%
Price spread now: Binance against Kraken Futures−0.108%7-day average −0.085% · you buy dearer than you sell
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1121.122% of the position
Funding, last 7 days−0.015%−$2 on $10k
+Price spread, last 4 days (all we have)+0.001%$0 · spread now −0.108%, 7d avg −0.085%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Binance is 0.023% cheaper against Kraken Futures than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.085%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.015% in total (about -0.8% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SUSHIUSD | 0.2553 | 0.0313 | pay 0.0039% / 1h | 54m 32s | $769K | $61K | 20x |
| Short | Binance SUSHIUSDT | 0.2550 | 0.0100 | get 0.0100% / 8h | 3h 54m | $3.9M | $9.1M | 75x |
Kraken Futures PF_SUSHIUSD
Binance SUSHIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$44.64
- Price spread: −0.108% → −0.085%
- −$2.3
- Slippage, 4 orders
- −$92.2
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$159.14
- Costs to cover
- 1.122%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 64 min ago; Binance: live order book, 15 min ago.
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 Kraken Futures live order book, 64 min ago | 21.64 bp | 39.0 bp −$39 | 3891.0 bp −$38.9K | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 1.97 bp | 19.4 bp −$19 | 42.2 bp −$422 | 366.0 bp −$36.6K | doesn't fit |
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 | −0.0088% | 8h | 0.2549 | −0.166% | $1.0M | $714K | 50x | as long as short |
| Variational Omni SUSHI | +0.0010% | 8h | 0.2543 | −0.419% | $41K | $7K | — | as long as short |
| Injective SUSHI/USDC PERP | +0.0033% | 1h | 0.2545 | −0.323% | $16 | $18K | 5.5x | as long as short |
| Hyperliquid SUSHI | +0.0100% | 1h | 0.2548 | −0.221% | $357K | $335K | 3x | as long as short |
| Aster SUSHIUSDT | +0.0100% | 8h | 0.2551 | −0.088% | $23K | $17K | 5x | as long as short |
| Binance SUSHIUSDTshort | +0.0100% | 8h | 0.2550 | −0.108% | $3.9M | $9.1M | 75x | |
| Bybit SUSHIUSDT | +0.0100% | 8h | 0.2545 | −0.335% | $2.6M | $2.6M | 75x | as long as short |
| OKX SUSHI-USDT-SWAP | +0.0100% | 8h | 0.2547 | −0.245% | $1.6M | $3.3M | 50x | as long as short |
| Gate SUSHI_USDT | +0.0100% | 8h | 0.2551 | −0.088% | $566K | $221K | 50x | as long as short |
| MEXC SUSHI_USDT | +0.0100% | 8h | 0.2546 | −0.284% | $1.2M | $266K | 75x | as long as short |
Bitget SUSHIUSDT
Variational Omni SUSHI
Injective SUSHI/USDC PERP
Hyperliquid SUSHI
Aster SUSHIUSDT
Bybit SUSHIUSDT
OKX SUSHI-USDT-SWAP
Gate SUSHI_USDT
MEXC SUSHI_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SUSHIUSDTM | +0.0100% | 8h | 0.2549 | −0.166% | $1.2M | $233K | 50x | as long as short |
| BingX SUSHI-USDT | +0.0100% | 8h | 0.2551 | −0.088% | — | $2.5M | — | as long as short |
| HTX SUSHI-USDT | +0.0100% | 8h | 0.2548 | −0.205% | $85K | $74K | 75x | as long as short |
| BloFin SUSHI-USDT | +0.0106% | 8h | 0.2541 | −0.480% | $210K | $38K | 75x | as long as short |
| Kraken Futures PF_SUSHIUSDlong | +0.0313% | 1h | 0.2553 | long leg | $769K | $61K | 20x |
KuCoin SUSHIUSDTM
BingX SUSHI-USDT
HTX SUSHI-USDT
BloFin SUSHI-USDT