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 MEXC+0.118%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$450.450% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 7 days−0.149%−$15 · spread now +0.118%, 7d avg +0.023%

Together, before fees−0.095%−$9 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 0.095% dearer against MEXC than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SUSHI_USDT	0.2545	0.0100	pay 0.0100% / 8h	5h 34m	$1.2M	$270K	75x
Short	BingX SUSHI-USDT	0.2548	0.0100	get 0.0100% / 8h	5h 34m	—	$2.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now +0.118%Rate

Funding earned: $0
Price spread: +0.118% → +0.023%: $9.5
Slippage, 4 orders: −$31.04
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$35.53
Costs to cover: 0.450%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; BingX: 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 MEXC live order book, 2 min ago	1.96 bp	4.0 bp −$4	15.6 bp −$156	134.0 bp −$13.4K	221.0 bp −$110.5K
Sell BingX live order book, 15 min ago	5.91 bp	17.1 bp −$17	46.0 bp −$460	480.1 bp −$48.0K	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	−0.0053%	8h	0.2545	0.000%	$1.0M	$704K	50x	as long as short
Injective SUSHI/USDC PERP	+0.0033%	1h	0.2545	0.000%	$16	$18K	5.5x	as long as short
Variational Omni SUSHI	+0.0059%	8h	0.2544	−0.059%	$41K	$13K	—	as long as short
BloFin SUSHI-USDT	+0.0094%	8h	0.2542	−0.118%	$215K	$40K	75x	as long as short
Hyperliquid SUSHI	+0.0100%	1h	0.2546	+0.055%	$359K	$338K	3x	as long as short
Aster SUSHIUSDT	+0.0100%	8h	0.2547	+0.071%	$23K	$17K	5x	as long as short
Binance SUSHIUSDT	+0.0100%	8h	0.2544	−0.039%	$3.9M	$9.0M	75x	as long as short
Bybit SUSHIUSDT	+0.0100%	8h	0.2545	−0.012%	$2.6M	$2.4M	75x	as long as short
OKX SUSHI-USDT-SWAP	+0.0100%	8h	0.2544	−0.039%	$1.6M	$3.2M	50x	as long as short
Gate SUSHI_USDT	+0.0100%	8h	0.2548	+0.118%	$561K	$253K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SUSHI_USDTlong	+0.0100%	8h	0.2545	long leg	$1.2M	$270K	75x
KuCoin SUSHIUSDTM	+0.0100%	8h	0.2547	+0.079%	$1.2M	$224K	50x	as long as short
BingX SUSHI-USDTshort	+0.0100%	8h	0.2548	+0.118%	—	$2.5M	—
HTX SUSHI-USDT	+0.0100%	8h	0.2547	+0.079%	$88K	$48K	75x	as long as short
Kraken Futures PF_SUSHIUSD	+0.0225%	1h	0.2548	+0.101%	$767K	$64K	20x	as long as short