Funding arb · Price arb /

SUSHI

all SUSHI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against OKX+0.040%7-day average −0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$940.941% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 7 days−0.095%−$9 · spread now +0.040%, 7d avg −0.051%

Together, before fees−0.129%−$13 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 0.090% dearer against OKX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SUSHI-USDT-SWAP	0.2524	0.0100	pay 0.0100% / 8h	7h 31m	$1.5M	$3.8M	50x
Short	KuCoin SUSHIUSDTM	0.2525	0.0100	get 0.0100% / 8h	7h 31m	$1.2M	$254K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.040%Rate

Funding earned: $0
Price spread: +0.040% → −0.051%: $9.02
Slippage, 4 orders: −$72.14
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$85.12
Costs to cover: 0.941%
Break-even: never at this rate

Slippage from OKX: live order book, just now; KuCoin: live order book, 3 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, just now	3.96 bp	15.4 bp −$15	47.1 bp −$471	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	5.92 bp	32.1 bp −$32	150.4 bp −$1,504	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
Variational Omni SUSHI	−0.0003%	8h	0.2536	+0.459%	$41K	$7K	—	as long as short
Injective SUSHI/USDC PERP	+0.0033%	1h	0.2545	+0.832%	$16	$18K	5.5x	as long as short
Hyperliquid SUSHI	+0.0100%	1h	0.2526	+0.087%	$332K	$344K	3x	as long as short
Aster SUSHIUSDT	+0.0100%	8h	0.2528	+0.167%	$22K	$16K	5x	as long as short
Binance SUSHIUSDT	+0.0100%	8h	0.2523	−0.038%	$3.9M	$9.5M	75x	as long as short
Bybit SUSHIUSDT	+0.0100%	8h	0.2522	−0.071%	$2.5M	$3.2M	75x	as long as short
OKX SUSHI-USDT-SWAPlong	+0.0100%	8h	0.2524	long leg	$1.5M	$3.8M	50x
Gate SUSHI_USDT	+0.0100%	8h	0.2526	+0.079%	$575K	$285K	50x	as long as short
MEXC SUSHI_USDT	+0.0100%	8h	0.2522	−0.079%	$1.2M	$281K	75x	as long as short
KuCoin SUSHIUSDTMshort	+0.0100%	8h	0.2525	+0.040%	$1.2M	$254K	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SUSHIUSDT	+0.0100%	8h	0.2525	+0.040%	$976K	$787K	50x	as long as short
BingX SUSHI-USDT	+0.0100%	8h	0.2526	+0.079%	—	$2.5M	—	as long as short
HTX SUSHI-USDT	+0.0100%	8h	0.2524	0.000%	$84K	$78K	75x	as long as short
BloFin SUSHI-USDT	+0.0117%	8h	0.2525	+0.040%	$204K	$49K	75x	as long as short
Kraken Futures PF_SUSHIUSD	+0.0319%	1h	0.2525	+0.024%	$759K	$68K	20x	as long as short