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: OKX against KuCoin+0.118%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$920.922% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 7 days−0.087%−$9 · spread now +0.118%, 7d avg +0.050%

Together, before fees−0.055%−$6 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: OKX is 0.068% dearer against KuCoin than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SUSHIUSDTM	0.2545	0.0100	pay 0.0100% / 8h	3h 48m	$1.2M	$233K	50x
Short	OKX SUSHI-USDT-SWAP	0.2548	0.0100	get 0.0100% / 8h	3h 48m	$1.6M	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.118%Rate

Funding earned: $0
Price spread: +0.118% → +0.050%: $6.81
Slippage, 4 orders: −$70.15
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$85.35
Costs to cover: 0.922%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; OKX: live order book, 4 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, 1 min ago	7.85 bp	28.1 bp −$28	127.1 bp −$1,271	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	1.96 bp	21.5 bp −$21	51.5 bp −$515	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 SUSHIUSDT	−0.0082%	8h	0.2549	+0.157%	$1.0M	$712K	50x	as long as short
Variational Omni SUSHI	+0.0012%	8h	0.2547	+0.061%	$41K	$7K	—	as long as short
Injective SUSHI/USDC PERP	+0.0033%	1h	0.2545	0.000%	$16	$18K	5.5x	as long as short
Hyperliquid SUSHI	+0.0100%	1h	0.2547	+0.098%	$357K	$335K	3x	as long as short
Aster SUSHIUSDT	+0.0100%	8h	0.2548	+0.101%	$23K	$17K	5x	as long as short
Binance SUSHIUSDT	+0.0100%	8h	0.2546	+0.039%	$3.9M	$9.1M	75x	as long as short
Bybit SUSHIUSDT	+0.0100%	8h	0.2544	−0.039%	$2.6M	$2.6M	75x	as long as short
OKX SUSHI-USDT-SWAPshort	+0.0100%	8h	0.2548	+0.118%	$1.6M	$3.3M	50x
Gate SUSHI_USDT	+0.0100%	8h	0.2548	+0.118%	$571K	$227K	50x	as long as short
MEXC SUSHI_USDT	+0.0100%	8h	0.2546	+0.039%	$1.2M	$266K	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SUSHIUSDTMlong	+0.0100%	8h	0.2545	long leg	$1.2M	$233K	50x
BingX SUSHI-USDT	+0.0100%	8h	0.2549	+0.157%	—	$2.5M	—	as long as short
HTX SUSHI-USDT	+0.0100%	8h	0.2548	+0.118%	$85K	$74K	75x	as long as short
BloFin SUSHI-USDT	+0.0121%	8h	0.2545	0.000%	$210K	$38K	75x	as long as short
Kraken Futures PF_SUSHIUSD	+0.0313%	1h	0.2547	+0.061%	$767K	$61K	20x	as long as short