Funding arb · Price arb /

SUSHI

all SUSHI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against KuCoin−0.040%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$920.916% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 7 days+0.063%+$6 · spread now −0.040%, 7d avg +0.009%

Together, before fees+0.137%+$14 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: BingX is 0.048% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SUSHIUSDTM	0.2519	0.0100	pay 0.0100% / 8h	1h 30m	$1.2M	$245K	50x
Short	BingX SUSHI-USDT	0.2518	0.0100	get 0.0100% / 8h	1h 30m	—	$2.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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

Position, each leg$Hold fordaysFee KuCoinbpFee BingXbpOrdersPrice spread, now −0.040%Rate

Funding earned: $0
Price spread: −0.040% → +0.009%: −$4.84
Slippage, 4 orders: −$69.58
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$96.42
Costs to cover: 0.916%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; BingX: live order book, 9 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 KuCoin live order book, 4 min ago	7.95 bp	27.0 bp −$27	176.5 bp −$1,765	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	5.96 bp	24.0 bp −$24	48.2 bp −$482	464.7 bp −$46.5K	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	+0.0010%	8h	0.2518	−0.040%	$997K	$741K	50x	as long as short
Variational Omni SUSHI	+0.0023%	8h	0.2518	−0.057%	$41K	$7K	—	as long as short
Injective SUSHI/USDC PERP	+0.0033%	1h	0.2545	+1.032%	$16	$18K	5.5x	as long as short
Kraken Futures PF_SUSHIUSD	+0.0064%	1h	0.2521	+0.098%	$757K	$61K	20x	as long as short
BloFin SUSHI-USDT	+0.0085%	8h	0.2521	+0.079%	$205K	$53K	75x	as long as short
Hyperliquid SUSHI	+0.0100%	1h	0.2521	+0.091%	$333K	$350K	3x	as long as short
Aster SUSHIUSDT	+0.0100%	8h	0.2519	−0.015%	$23K	$15K	5x	as long as short
Binance SUSHIUSDT	+0.0100%	8h	0.2520	+0.040%	$3.9M	$9.4M	75x	as long as short
Bybit SUSHIUSDT	+0.0100%	8h	0.2517	−0.087%	$2.6M	$2.9M	75x	as long as short
OKX SUSHI-USDT-SWAP	+0.0100%	8h	0.2520	+0.040%	$1.5M	$3.7M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SUSHI_USDT	+0.0100%	8h	0.2519	0.000%	$570K	$272K	50x	as long as short
MEXC SUSHI_USDT	+0.0100%	8h	0.2519	0.000%	$1.2M	$278K	75x	as long as short
KuCoin SUSHIUSDTMlong	+0.0100%	8h	0.2519	long leg	$1.2M	$245K	50x
BingX SUSHI-USDTshort	+0.0100%	8h	0.2518	−0.040%	—	$2.5M	—
HTX SUSHI-USDT	+0.0100%	8h	0.2519	0.000%	$84K	$79K	75x	as long as short