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: Gate against MEXC+0.039%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$640.637% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.039%, 7d avg +0.063%

Together, before fees+0.032%+$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: Gate is 0.024% cheaper against MEXC than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SUSHI_USDT	0.2536	0.0100	pay 0.0100% / 8h	6h 49m	$1.2M	$298K	75x
Short	Gate SUSHI_USDT	0.2537	0.0100	get 0.0100% / 8h	6h 49m	$558K	$262K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.039%Rate

Funding earned: $0
Price spread: +0.039% → +0.063%: −$2.39
Slippage, 4 orders: −$44.7
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$66.09
Costs to cover: 0.637%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Gate: live order book, 17 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	3.94 bp	5.9 bp −$6	16.2 bp −$162	129.8 bp −$13.0K	224.5 bp −$112.2K
Sell Gate live order book, 17 min ago	5.84 bp	23.6 bp −$24	94.7 bp −$947	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	+0.0013%	8h	0.2535	−0.039%	$1.0M	$692K	50x	as long as short
Injective SUSHI/USDC PERP	+0.0033%	1h	0.2545	+0.355%	$16	$18K	5.5x	as long as short
Variational Omni SUSHI	+0.0059%	8h	0.2531	−0.213%	$41K	$14K	—	as long as short
Hyperliquid SUSHI	+0.0100%	1h	0.2538	+0.091%	$358K	$388K	3x	as long as short
Aster SUSHIUSDT	+0.0100%	8h	0.2538	+0.081%	$23K	$17K	5x	as long as short
Binance SUSHIUSDT	+0.0100%	8h	0.2537	+0.039%	$3.9M	$9.3M	75x	as long as short
Bybit SUSHIUSDT	+0.0100%	8h	0.2534	−0.087%	$2.6M	$2.6M	75x	as long as short
OKX SUSHI-USDT-SWAP	+0.0100%	8h	0.2537	+0.039%	$1.6M	$3.2M	50x	as long as short
Gate SUSHI_USDTshort	+0.0100%	8h	0.2537	+0.039%	$558K	$262K	50x
MEXC SUSHI_USDTlong	+0.0100%	8h	0.2536	long leg	$1.2M	$298K	75x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SUSHIUSDTM	+0.0100%	8h	0.2536	0.000%	$1.2M	$236K	50x	as long as short
BingX SUSHI-USDT	+0.0100%	8h	0.2537	+0.039%	—	$2.5M	—	as long as short
HTX SUSHI-USDT	+0.0100%	8h	0.2538	+0.079%	$87K	$50K	75x	as long as short
BloFin SUSHI-USDT	+0.0113%	8h	0.2529	−0.276%	$217K	$54K	75x	as long as short
Kraken Futures PF_SUSHIUSD	+0.0133%	1h	0.2540	+0.158%	$763K	$70K	20x	as long as short