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: Gate against OKX−0.078%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$830.829% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.068%+$7 · spread now −0.078%, 7d avg −0.032%

Together, before fees+0.070%+$7 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 0.047% cheaper against OKX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SUSHI-USDT-SWAP	0.2548	0.0100	pay 0.0100% / 8h	5m 46s	$1.7M	$3.1M	50x
Short	Gate SUSHI_USDT	0.2546	0.0100	get 0.0100% / 8h	5m 46s	$564K	$299K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.078%Rate

Funding earned: $0
Price spread: −0.078% → −0.032%: −$4.7
Slippage, 4 orders: −$57.95
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$87.64
Costs to cover: 0.829%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Gate: 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 OKX live order book, 1 min ago	1.96 bp	15.4 bp −$15	38.7 bp −$387	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	7.86 bp	23.8 bp −$24	87.7 bp −$877	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	0.2548	−0.003%	$765K	$67K	20x	as long as short
Injective SUSHI/USDC PERP	+0.0033%	1h	0.2545	−0.118%	$16	$18K	5.5x	as long as short
Bitget SUSHIUSDT	+0.0038%	8h	0.2545	−0.118%	$1.0M	$681K	50x	as long as short
Variational Omni SUSHI	+0.0069%	8h	0.2542	−0.229%	$41K	$14K	—	as long as short
Hyperliquid SUSHI	+0.0100%	1h	0.2548	+0.004%	$353K	$407K	3x	as long as short
Aster SUSHIUSDT	+0.0100%	8h	0.2547	−0.048%	$23K	$17K	5x	as long as short
Binance SUSHIUSDT	+0.0100%	8h	0.2545	−0.118%	$3.9M	$8.9M	75x	as long as short
Bybit SUSHIUSDT	+0.0100%	8h	0.2544	−0.157%	$2.6M	$2.4M	75x	as long as short
OKX SUSHI-USDT-SWAPlong	+0.0100%	8h	0.2548	long leg	$1.7M	$3.1M	50x
Gate SUSHI_USDTshort	+0.0100%	8h	0.2546	−0.078%	$564K	$299K	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC SUSHI_USDT	+0.0100%	8h	0.2543	−0.196%	$1.3M	$305K	75x	as long as short
KuCoin SUSHIUSDTM	+0.0100%	8h	0.2546	−0.078%	$1.2M	$227K	50x	as long as short
BingX SUSHI-USDT	+0.0100%	8h	0.2547	−0.039%	—	$2.5M	—	as long as short
HTX SUSHI-USDT	+0.0100%	8h	0.2548	0.000%	$89K	$57K	75x	as long as short
BloFin SUSHI-USDT	+0.0108%	8h	0.2543	−0.196%	$214K	$65K	75x	as long as short