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: MEXC against Binance−0.040%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$390.393% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.040%+$4 · spread now −0.040%, 7d avg −0.004%

Together, before fees+0.040%+$4 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: MEXC is 0.035% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SUSHIUSDT	0.2529	0.0100	pay 0.0100% / 8h	2h 04m	$3.9M	$9.4M	75x
Short	MEXC SUSHI_USDT	0.2528	0.0100	get 0.0100% / 8h	2h 04m	$1.2M	$281K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.040%Rate

Funding earned: $0
Price spread: −0.040% → −0.004%: −$3.5
Slippage, 4 orders: −$25.31
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$42.81
Costs to cover: 0.393%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; MEXC: live order book, 2 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, 5 min ago	1.98 bp	16.1 bp −$16	40.5 bp −$405	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.98 bp	4.5 bp −$4	19.1 bp −$191	140.5 bp −$14.0K	227.4 bp −$113.7K

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	−0.0025%	8h	0.2527	−0.079%	$989K	$743K	50x	as long as short
Variational Omni SUSHI	+0.0019%	8h	0.2529	+0.002%	$41K	$7K	—	as long as short
Injective SUSHI/USDC PERP	+0.0033%	1h	0.2545	+0.633%	$16	$18K	5.5x	as long as short
Hyperliquid SUSHI	+0.0100%	1h	0.2529	−0.004%	$338K	$349K	3x	as long as short
Aster SUSHIUSDT	+0.0100%	8h	0.2529	−0.014%	$23K	$15K	5x	as long as short
Binance SUSHIUSDTlong	+0.0100%	8h	0.2529	long leg	$3.9M	$9.4M	75x
Bybit SUSHIUSDT	+0.0100%	8h	0.2528	−0.024%	$2.6M	$2.9M	75x	as long as short
OKX SUSHI-USDT-SWAP	+0.0100%	8h	0.2528	−0.040%	$1.5M	$3.7M	50x	as long as short
Gate SUSHI_USDT	+0.0100%	8h	0.2531	+0.079%	$571K	$276K	50x	as long as short
MEXC SUSHI_USDTshort	+0.0100%	8h	0.2528	−0.040%	$1.2M	$281K	75x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SUSHIUSDTM	+0.0100%	8h	0.2529	0.000%	$1.2M	$242K	50x	as long as short
BingX SUSHI-USDT	+0.0100%	8h	0.2529	0.000%	—	$2.5M	—	as long as short
HTX SUSHI-USDT	+0.0100%	8h	0.2528	−0.040%	$84K	$78K	75x	as long as short
BloFin SUSHI-USDT	+0.0129%	8h	0.2529	0.000%	$205K	$53K	75x	as long as short
Kraken Futures PF_SUSHIUSD	+0.0361%	1h	0.2530	+0.020%	$760K	$61K	20x	as long as short