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 Binance+0.050%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$900.896% of the position

Long on Binance 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−0.050%−$5 · spread now +0.050%, 7d avg +0.011%

Together, before fees−0.069%−$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: KuCoin is 0.038% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SUSHIUSDT	0.2484	0.0100	pay 0.0100% / 8h	2h 24m	$3.8M	$9.3M	75x
Short	KuCoin SUSHIUSDTM	0.2485	0.0100	get 0.0100% / 8h	2h 24m	$1.1M	$240K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now +0.050%Rate

Funding earned: $0
Price spread: +0.050% → +0.011%: $3.84
Slippage, 4 orders: −$67.56
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$85.72
Costs to cover: 0.896%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; KuCoin: 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 Binance live order book, 15 min ago	2.01 bp	12.5 bp −$12	33.1 bp −$331	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	10.05 bp	26.8 bp −$27	130.3 bp −$1,303	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	−0.0054%	8h	0.2483	−0.031%	$974K	$731K	50x	as long as short
Variational Omni SUSHI	0.0000%	8h	0.2478	−0.249%	$40K	$7K	—	as long as short
Injective SUSHI/USDC PERP	+0.0033%	1h	0.2545	+2.465%	$16	$18K	5.5x	as long as short
BloFin SUSHI-USDT	+0.0088%	8h	0.2479	−0.192%	$206K	$52K	75x	as long as short
Hyperliquid SUSHI	+0.0100%	1h	0.2485	+0.054%	$331K	$352K	3x	as long as short
Aster SUSHIUSDT	+0.0100%	8h	0.2483	−0.030%	$22K	$15K	5x	as long as short
Binance SUSHIUSDTlong	+0.0100%	8h	0.2484	long leg	$3.8M	$9.3M	75x
Bybit SUSHIUSDT	+0.0100%	8h	0.2482	−0.059%	$2.5M	$2.8M	75x	as long as short
OKX SUSHI-USDT-SWAP	+0.0100%	8h	0.2485	+0.050%	$1.5M	$3.6M	50x	as long as short
Gate SUSHI_USDT	+0.0100%	8h	0.2483	−0.031%	$558K	$270K	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	0.2484	+0.009%	$1.2M	$278K	75x	as long as short
KuCoin SUSHIUSDTMshort	+0.0100%	8h	0.2485	+0.050%	$1.1M	$240K	50x
BingX SUSHI-USDT	+0.0100%	8h	0.2483	−0.031%	—	$2.5M	—	as long as short
HTX SUSHI-USDT	+0.0100%	8h	0.2485	+0.050%	$83K	$77K	75x	as long as short
Kraken Futures PF_SUSHIUSD	+0.0368%	1h	0.2486	+0.071%	$747K	$61K	20x	as long as short