SUSHI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0002%/8h= −0.2% APRnext payment −$0.02 per $10,000 · paid last 24h +0.005%

Price spread now: BloFin against Binance−0.314%91s7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$560.561% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 3 days (all we have)+0.322%+$32 · spread now −0.314%, 7d avg +0.015%

Together, before fees+0.341%+$34 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: BloFin is 0.329% cheaper against Binance than usual: you would sell low and buy high, −$33 on $10k if it goes back to its 7-day average of +0.015%. The two prices were read 91 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SUSHIUSDT	0.2548	0.0100	pay 0.0100% / 8h	1h 03m	$3.9M	$9.0M	75x
Short	BloFin SUSHI-USDT	0.2540	0.0098	get 0.0098% / 8h	1h 03m	$213K	$65K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.314%Rate

Funding earned: −$0.38
Price spread: −0.314% → +0.015%: −$32.92
Slippage, 4 orders: −$34.13
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$89.43
Costs to cover: 0.561%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; BloFin: live order book, 6 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, 6 min ago	1.97 bp	15.5 bp −$15	30.8 bp −$308	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	3.95 bp	9.9 bp −$10	26.0 bp −$260	119.1 bp −$11.9K	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
Injective SUSHI/USDC PERP	+0.0033%	1h	0.2545	−0.118%	$16	$18K	5.5x	as long as short
Bitget SUSHIUSDT	+0.0081%	8h	0.2548	0.000%	$1.0M	$687K	50x	as long as short
Kraken Futures PF_SUSHIUSD	+0.0096%	1h	0.2550	+0.094%	$766K	$69K	20x	as long as short
BloFin SUSHI-USDTshort	+0.0098%	8h	0.2540	−0.314%	$213K	$65K	75x
Hyperliquid SUSHI	+0.0100%	1h	0.2551	+0.106%	$356K	$407K	3x	as long as short
Aster SUSHIUSDT	+0.0100%	8h	0.2547	−0.034%	$23K	$17K	5x	as long as short
Binance SUSHIUSDTlong	+0.0100%	8h	0.2548	long leg	$3.9M	$9.0M	75x
Bybit SUSHIUSDT	+0.0100%	8h	0.2547	−0.031%	$2.6M	$2.5M	75x	as long as short
OKX SUSHI-USDT-SWAP	+0.0100%	8h	0.2551	+0.118%	$1.7M	$3.1M	50x	as long as short
Gate SUSHI_USDT	+0.0100%	8h	0.2550	+0.078%	$563K	$304K	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	0.2549	+0.039%	$1.3M	$355K	75x	as long as short
KuCoin SUSHIUSDTM	+0.0100%	8h	0.2550	+0.078%	$1.2M	$236K	50x	as long as short
BingX SUSHI-USDT	+0.0100%	8h	0.2551	+0.118%	—	$2.5M	—	as long as short
Variational Omni SUSHI	+0.0100%	8h	0.2538	−0.386%	$41K	$14K	—	as long as short
HTX SUSHI-USDT	+0.0100%	8h	0.2549	+0.039%	$86K	$52K	75x	as long as short