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: OKX against Binance+0.032%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$650.649% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 7 days−0.016%−$2 · spread now +0.032%, 7d avg +0.061%

Together, before fees−0.004%$0 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: OKX is 0.029% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SUSHIUSDT	0.2527	0.0100	pay 0.0100% / 8h	2h 05m	$3.9M	$9.4M	75x
Short	OKX SUSHI-USDT-SWAP	0.2528	0.0100	get 0.0100% / 8h	2h 05m	$1.5M	$3.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.032%Rate

Funding earned: $0
Price spread: +0.032% → +0.061%: −$2.94
Slippage, 4 orders: −$44.92
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$67.86
Costs to cover: 0.649%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; OKX: 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, 4 min ago	1.98 bp	16.1 bp −$16	40.5 bp −$405	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	3.96 bp	14.2 bp −$14	46.3 bp −$463	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	−0.0026%	8h	0.2527	−0.008%	$989K	$743K	50x	as long as short
Variational Omni SUSHI	+0.0019%	8h	0.2529	+0.074%	$41K	$7K	—	as long as short
Injective SUSHI/USDC PERP	+0.0033%	1h	0.2545	+0.704%	$16	$18K	5.5x	as long as short
Hyperliquid SUSHI	+0.0100%	1h	0.2530	+0.111%	$338K	$349K	3x	as long as short
Aster SUSHIUSDT	+0.0100%	8h	0.2528	+0.017%	$23K	$15K	5x	as long as short
Binance SUSHIUSDTlong	+0.0100%	8h	0.2527	long leg	$3.9M	$9.4M	75x
Bybit SUSHIUSDT	+0.0100%	8h	0.2528	+0.032%	$2.6M	$2.9M	75x	as long as short
OKX SUSHI-USDT-SWAPshort	+0.0100%	8h	0.2528	+0.032%	$1.5M	$3.7M	50x
Gate SUSHI_USDT	+0.0100%	8h	0.2531	+0.151%	$571K	$276K	50x	as long as short
MEXC SUSHI_USDT	+0.0100%	8h	0.2528	+0.032%	$1.2M	$281K	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SUSHIUSDTM	+0.0100%	8h	0.2528	+0.032%	$1.2M	$242K	50x	as long as short
BingX SUSHI-USDT	+0.0100%	8h	0.2529	+0.071%	—	$2.5M	—	as long as short
HTX SUSHI-USDT	+0.0100%	8h	0.2528	+0.032%	$84K	$78K	75x	as long as short
BloFin SUSHI-USDT	+0.0129%	8h	0.2529	+0.071%	$205K	$53K	75x	as long as short
Kraken Futures PF_SUSHIUSD	+0.0361%	1h	0.2530	+0.092%	$760K	$61K	20x	as long as short