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 MEXC+0.040%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$420.422% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 7 days−0.032%−$3 · spread now +0.040%, 7d avg +0.065%

Together, before fees−0.020%−$2 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 0.025% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SUSHI_USDT	0.2517	0.0100	pay 0.0100% / 8h	2h 51m	$1.2M	$266K	75x
Short	OKX SUSHI-USDT-SWAP	0.2518	0.0100	get 0.0100% / 8h	2h 51m	$1.6M	$3.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.040%Rate

Funding earned: $0
Price spread: +0.040% → +0.065%: −$2.53
Slippage, 4 orders: −$28.19
Fee MEXC: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$44.72
Costs to cover: 0.422%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; OKX: live order book, 1 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, 5 min ago	1.99 bp	4.3 bp −$4	19.8 bp −$198	145.9 bp −$14.6K	229.9 bp −$114.9K
Sell OKX live order book, 1 min ago	3.98 bp	20.5 bp −$21	52.5 bp −$525	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	−0.0055%	8h	0.2514	−0.119%	$1.0M	$717K	50x	as long as short
Variational Omni SUSHI	0.0000%	8h	0.2513	−0.176%	$40K	$7K	—	as long as short
Injective SUSHI/USDC PERP	+0.0033%	1h	0.2545	+1.112%	$16	$18K	5.5x	as long as short
BloFin SUSHI-USDT	+0.0087%	8h	0.2513	−0.159%	$210K	$44K	75x	as long as short
Hyperliquid SUSHI	+0.0100%	1h	0.2518	+0.036%	$339K	$346K	3x	as long as short
Aster SUSHIUSDT	+0.0100%	8h	0.2516	−0.031%	$23K	$17K	5x	as long as short
Binance SUSHIUSDT	+0.0100%	8h	0.2517	0.000%	$3.9M	$9.1M	75x	as long as short
Bybit SUSHIUSDT	+0.0100%	8h	0.2516	−0.040%	$2.5M	$2.6M	75x	as long as short
OKX SUSHI-USDT-SWAPshort	+0.0100%	8h	0.2518	+0.040%	$1.6M	$3.4M	50x
Gate SUSHI_USDT	+0.0100%	8h	0.2517	0.000%	$570K	$243K	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	0.2517	long leg	$1.2M	$266K	75x
KuCoin SUSHIUSDTM	+0.0100%	8h	0.2515	−0.079%	$1.1M	$237K	50x	as long as short
BingX SUSHI-USDT	+0.0100%	8h	0.2516	−0.040%	—	$2.5M	—	as long as short
HTX SUSHI-USDT	+0.0100%	8h	0.2516	−0.040%	$84K	$75K	75x	as long as short
Kraken Futures PF_SUSHIUSD	+0.0363%	1h	0.2520	+0.106%	$758K	$62K	20x	as long as short