Funding you earn now, next payment 07:00 UTC+0.0037%/8h= +4.0% APRpaid last 24h −0.029%
Price spread now: Bybit against Kraken Futures−0.258%7-day average −0.103% · 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−$125as in the Price arb table
costs, in and out, $10k−$1101.099% of the position
Funding, last 7 days−0.042%−$4 on $10k
+Price spread, last 4 days (all we have)−0.059%−$6 · spread now −0.258%, 7d avg −0.103%
=Funding pays, the price is against you. Bybit is 0.155% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.258% now, against its 7-day average of −0.103%). If the spread goes back, that is −$15 on $10k: about 14 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SUSHIUSD | 0.2542 | 0.0063 | pay 0.0008% / 1h | 7m 08s | $763K | $61K | 20x |
| Short | Bybit SUSHIUSDT | 0.2535 | 0.0100 | get 0.0100% / 8h | 1h 07m | $2.6M | $3.0M | 75x |
Kraken Futures PF_SUSHIUSD
Bybit SUSHIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $7.76
- Price spread: −0.258% → −0.103%
- −$15.48
- Slippage, 4 orders
- −$88.94
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$117.67
- Costs to cover
- 1.099%
- Break-even
- 113.2 days
Slippage from Kraken Futures: live order book, 36 min ago; Bybit: live order book, 5 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, 36 min ago | 13.89 bp | 34.6 bp −$35 | 3379.2 bp −$33.8K | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 3.95 bp | 20.8 bp −$21 | 81.8 bp −$818 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SUSHI | +0.0006% | 8h | 0.2530 | −0.473% | $41K | $7K | — | as long as short |
| Bitget SUSHIUSDT | +0.0008% | 8h | 0.2537 | −0.179% | $1.0M | $736K | 50x | as long as short |
| Injective SUSHI/USDC PERP | +0.0033% | 1h | 0.2545 | +0.136% | $16 | $18K | 5.5x | as long as short |
| Kraken Futures PF_SUSHIUSDlong | +0.0063% | 1h | 0.2542 | long leg | $763K | $61K | 20x | |
| Hyperliquid SUSHI | +0.0100% | 1h | 0.2539 | −0.085% | $336K | $346K | 3x | as long as short |
| Aster SUSHIUSDT | +0.0100% | 8h | 0.2535 | −0.243% | $23K | $15K | 5x | as long as short |
| Binance SUSHIUSDT | +0.0100% | 8h | 0.2538 | −0.140% | $3.9M | $9.4M | 75x | as long as short |
| Bybit SUSHIUSDTshort | +0.0100% | 8h | 0.2535 | −0.258% | $2.6M | $3.0M | 75x | |
| OKX SUSHI-USDT-SWAP | +0.0100% | 8h | 0.2538 | −0.140% | $1.5M | $3.7M | 50x | as long as short |
| Gate SUSHI_USDT | +0.0100% | 8h | 0.2536 | −0.218% | $574K | $273K | 50x | as long as short |
Variational Omni SUSHI
Bitget SUSHIUSDT
Injective SUSHI/USDC PERP
Hyperliquid SUSHI
Aster SUSHIUSDT
Binance SUSHIUSDT
OKX SUSHI-USDT-SWAP
Gate SUSHI_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SUSHI_USDT | +0.0100% | 8h | 0.2537 | −0.179% | $1.2M | $284K | 75x | as long as short |
| KuCoin SUSHIUSDTM | +0.0100% | 8h | 0.2534 | −0.297% | $1.2M | $245K | 50x | as long as short |
| BingX SUSHI-USDT | +0.0100% | 8h | 0.2538 | −0.140% | — | $2.5M | — | as long as short |
| HTX SUSHI-USDT | +0.0100% | 8h | 0.2535 | −0.258% | $85K | $79K | 75x | as long as short |
| BloFin SUSHI-USDT | +0.0118% | 8h | 0.2536 | −0.218% | $205K | $54K | 75x | as long as short |
MEXC SUSHI_USDT
KuCoin SUSHIUSDTM
BingX SUSHI-USDT
HTX SUSHI-USDT
BloFin SUSHI-USDT