Funding arb · Price arb /

SUSHI

all SUSHI markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bybit against MEXC−0.078%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$680.679% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 7 days+0.032%+$3 · spread now −0.078%, 7d avg −0.031%

Together, before fees+0.034%+$3 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: Bybit is 0.047% cheaper against MEXC than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SUSHI_USDT	0.2560	0.0100	pay 0.0100% / 8h	1m 48s	$1.3M	$305K	75x
Short	Bybit SUSHIUSDT	0.2558	0.0100	get 0.0100% / 8h	1m 48s	$2.6M	$2.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.078%Rate

Funding earned: $0
Price spread: −0.078% → −0.031%: −$4.7
Slippage, 4 orders: −$52.86
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$72.55
Costs to cover: 0.679%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 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 MEXC live order book, 4 min ago	1.97 bp	4.0 bp −$4	16.6 bp −$166	128.3 bp −$12.8K	222.0 bp −$111.0K
Sell Bybit live order book, 5 min ago	3.93 bp	28.1 bp −$28	109.4 bp −$1,094	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
Kraken Futures PF_SUSHIUSD	−0.0012%	1h	0.2561	+0.029%	$769K	$67K	20x	as long as short
Injective SUSHI/USDC PERP	+0.0033%	1h	0.2545	−0.586%	$16	$18K	5.5x	as long as short
Bitget SUSHIUSDT	+0.0040%	8h	0.2558	−0.078%	$1.0M	$683K	50x	as long as short
Variational Omni SUSHI	+0.0069%	8h	0.2542	−0.697%	$41K	$14K	—	as long as short
BloFin SUSHI-USDT	+0.0093%	8h	0.2557	−0.117%	$214K	$66K	75x	as long as short
Hyperliquid SUSHI	+0.0100%	1h	0.2561	+0.059%	$355K	$407K	3x	as long as short
Aster SUSHIUSDT	+0.0100%	8h	0.2559	−0.045%	$23K	$17K	5x	as long as short
Binance SUSHIUSDT	+0.0100%	8h	0.2560	0.000%	$3.9M	$8.9M	75x	as long as short
Bybit SUSHIUSDTshort	+0.0100%	8h	0.2558	−0.078%	$2.6M	$2.5M	75x
OKX SUSHI-USDT-SWAP	+0.0100%	8h	0.2562	+0.078%	$1.7M	$3.1M	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	0.2561	+0.039%	$565K	$302K	50x	as long as short
MEXC SUSHI_USDTlong	+0.0100%	8h	0.2560	long leg	$1.3M	$305K	75x
KuCoin SUSHIUSDTM	+0.0100%	8h	0.2561	+0.039%	$1.2M	$228K	50x	as long as short
BingX SUSHI-USDT	+0.0100%	8h	0.2561	+0.039%	—	$2.5M	—	as long as short
HTX SUSHI-USDT	+0.0100%	8h	0.2564	+0.156%	$90K	$57K	75x	as long as short