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 OKX+0.079%7-day average −0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$710.712% of the position

Long on OKX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 7 days−0.125%−$13 · spread now +0.079%, 7d avg −0.042%

Together, before fees−0.084%−$8 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 0.121% dearer against OKX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SUSHI-USDT-SWAP	0.2535	0.0100	pay 0.0100% / 8h	5h 39m	$1.6M	$3.2M	50x
Short	BingX SUSHI-USDT	0.2537	0.0100	get 0.0100% / 8h	5h 39m	—	$2.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against OKX. 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 OKXbpFee BingXbpOrdersPrice spread, now +0.079%Rate

Funding earned: $0
Price spread: +0.079% → −0.042%: $12.09
Slippage, 4 orders: −$51.17
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$59.08
Costs to cover: 0.712%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; BingX: live order book, 10 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 OKX live order book, 3 min ago	1.96 bp	14.5 bp −$15	45.7 bp −$457	doesn't fit	doesn't fit
Sell BingX live order book, 10 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	−0.0047%	8h	0.2533	−0.079%	$1.0M	$699K	50x	as long as short
Injective SUSHI/USDC PERP	+0.0033%	1h	0.2545	+0.394%	$16	$18K	5.5x	as long as short
Variational Omni SUSHI	+0.0066%	8h	0.2535	−0.019%	$41K	$13K	—	as long as short
BloFin SUSHI-USDT	+0.0082%	8h	0.2540	+0.197%	$215K	$40K	75x	as long as short
Hyperliquid SUSHI	+0.0100%	1h	0.2535	+0.016%	$357K	$338K	3x	as long as short
Aster SUSHIUSDT	+0.0100%	8h	0.2536	+0.055%	$23K	$17K	5x	as long as short
Binance SUSHIUSDT	+0.0100%	8h	0.2534	−0.039%	$3.9M	$9.0M	75x	as long as short
Bybit SUSHIUSDT	+0.0100%	8h	0.2533	−0.075%	$2.6M	$2.4M	75x	as long as short
OKX SUSHI-USDT-SWAPlong	+0.0100%	8h	0.2535	long leg	$1.6M	$3.2M	50x
Gate SUSHI_USDT	+0.0100%	8h	0.2538	+0.118%	$558K	$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_USDT	+0.0100%	8h	0.2532	−0.118%	$1.2M	$270K	75x	as long as short
KuCoin SUSHIUSDTM	+0.0100%	8h	0.2537	+0.079%	$1.2M	$221K	50x	as long as short
BingX SUSHI-USDTshort	+0.0100%	8h	0.2537	+0.079%	—	$2.5M	—
HTX SUSHI-USDT	+0.0100%	8h	0.2539	+0.158%	$87K	$48K	75x	as long as short
Kraken Futures PF_SUSHIUSD	+0.0226%	1h	0.2534	−0.021%	$763K	$65K	20x	as long as short