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: KuCoin against MEXC−0.039%7-day average +0.015% · 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−$72as in the Price arb table

costs, in and out, $10k−$660.662% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 7 days+0.016%+$2 · spread now −0.039%, 7d avg +0.015%

Together, before fees−0.003%$0 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: KuCoin is 0.054% 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 +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SUSHI_USDT	0.2547	0.0100	pay 0.0100% / 8h	3h 48m	$1.2M	$266K	75x
Short	KuCoin SUSHIUSDTM	0.2546	0.0100	get 0.0100% / 8h	3h 48m	$1.2M	$233K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.039%Rate

Funding earned: $0
Price spread: −0.039% → +0.015%: −$5.45
Slippage, 4 orders: −$50.25
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$71.7
Costs to cover: 0.662%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; KuCoin: live order book, 2 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	3.93 bp	6.5 bp −$6	24.4 bp −$244	154.5 bp −$15.4K	223.5 bp −$111.7K
Sell KuCoin live order book, 2 min ago	7.85 bp	25.8 bp −$26	133.0 bp −$1,330	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	+0.079%	$1.0M	$712K	50x	as long as short
Variational Omni SUSHI	+0.0012%	8h	0.2547	−0.017%	$41K	$7K	—	as long as short
Injective SUSHI/USDC PERP	+0.0033%	1h	0.2545	−0.079%	$16	$18K	5.5x	as long as short
Hyperliquid SUSHI	+0.0100%	1h	0.2549	+0.063%	$357K	$335K	3x	as long as short
Aster SUSHIUSDT	+0.0100%	8h	0.2549	+0.087%	$23K	$17K	5x	as long as short
Binance SUSHIUSDT	+0.0100%	8h	0.2547	+0.002%	$3.9M	$9.1M	75x	as long as short
Bybit SUSHIUSDT	+0.0100%	8h	0.2545	−0.079%	$2.6M	$2.6M	75x	as long as short
OKX SUSHI-USDT-SWAP	+0.0100%	8h	0.2549	+0.079%	$1.6M	$3.3M	50x	as long as short
Gate SUSHI_USDT	+0.0100%	8h	0.2550	+0.118%	$572K	$227K	50x	as long as short
MEXC SUSHI_USDTlong	+0.0100%	8h	0.2547	long leg	$1.2M	$266K	75x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SUSHIUSDTMshort	+0.0100%	8h	0.2546	−0.039%	$1.2M	$233K	50x
BingX SUSHI-USDT	+0.0100%	8h	0.2548	+0.039%	—	$2.5M	—	as long as short
HTX SUSHI-USDT	+0.0100%	8h	0.2550	+0.118%	$85K	$74K	75x	as long as short
BloFin SUSHI-USDT	+0.0121%	8h	0.2545	−0.079%	$210K	$38K	75x	as long as short
Kraken Futures PF_SUSHIUSD	+0.0313%	1h	0.2549	+0.090%	$767K	$61K	20x	as long as short