Funding you earn now, next payment 06:00 UTC−0.0407%/8h= −44.6% APRpaid last 24h −0.035%
Price spread now: Bitget against Kraken Futures−0.150%7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$960.965% of the position
Funding, last 7 days+0.018%+$2 on $10k
+Price spread, last 4 days (all we have)−0.184%−$18 · spread now −0.150%, 7d avg −0.048%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Bitget is 0.102% cheaper against Kraken Futures than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.048%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.018% in total (about 0.9% 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 | 0.2517 | 0.0363 | pay 0.0045% / 1h | 17m 43s | $756K | $62K | 20x |
| Short | Bitget SUSHIUSDT | 0.2513 | −0.0044 | pay 0.0044% / 8h | 2h 17m | $982K | $737K | 50x |
Kraken Futures PF_SUSHIUSD
Bitget SUSHIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$85.52
- Price spread: −0.150% → −0.048%
- −$10.24
- Slippage, 4 orders
- −$74.5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$192.26
- Costs to cover
- 0.965%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 30 min ago; Bitget: live order book, 28 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, 30 min ago | 15.89 bp | 30.5 bp −$30 | 3397.7 bp −$34.0K | doesn't fit | doesn't fit |
| Sell Bitget live order book, 28 min ago | 5.98 bp | 17.1 bp −$17 | 36.0 bp −$360 | doesn't fit | 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 SUSHIUSDTshort | −0.0044% | 8h | 0.2513 | −0.150% | $982K | $737K | 50x | |
| Variational Omni SUSHI | +0.0005% | 8h | 0.2495 | −0.863% | $40K | $7K | — | as long as short |
| Injective SUSHI/USDC PERP | +0.0033% | 1h | 0.2545 | +1.121% | $16 | $18K | 5.5x | as long as short |
| Hyperliquid SUSHI | +0.0100% | 1h | 0.2513 | −0.138% | $336K | $353K | 3x | as long as short |
| Aster SUSHIUSDT | +0.0100% | 8h | 0.2512 | −0.181% | $22K | $15K | 5x | as long as short |
| Binance SUSHIUSDT | +0.0100% | 8h | 0.2510 | −0.269% | $3.9M | $9.4M | 75x | as long as short |
| Bybit SUSHIUSDT | +0.0100% | 8h | 0.2510 | −0.257% | $2.6M | $2.9M | 75x | as long as short |
| OKX SUSHI-USDT-SWAP | +0.0100% | 8h | 0.2511 | −0.230% | $1.5M | $3.6M | 50x | as long as short |
| Gate SUSHI_USDT | +0.0100% | 8h | 0.2515 | −0.071% | $566K | $274K | 50x | as long as short |
| MEXC SUSHI_USDT | +0.0100% | 8h | 0.2511 | −0.230% | $1.2M | $280K | 75x | as long as short |
Variational Omni SUSHI
Injective SUSHI/USDC PERP
Hyperliquid SUSHI
Aster SUSHIUSDT
Binance 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 | 0.2513 | −0.150% | $1.2M | $243K | 50x | as long as short |
| BingX SUSHI-USDT | +0.0100% | 8h | 0.2514 | −0.110% | — | $2.5M | — | as long as short |
| HTX SUSHI-USDT | +0.0100% | 8h | 0.2515 | −0.071% | $84K | $77K | 75x | as long as short |
| BloFin SUSHI-USDT | +0.0108% | 8h | 0.2489 | −1.104% | $205K | $53K | 75x | as long as short |
| Kraken Futures PF_SUSHIUSDlong | +0.0363% | 1h | 0.2517 | long leg | $756K | $62K | 20x |
KuCoin SUSHIUSDTM
BingX SUSHI-USDT
HTX SUSHI-USDT
BloFin SUSHI-USDT