Funding arb · Price arb /

SUSHI

all SUSHI markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Gate against Binance+0.141%7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$810.806% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)−0.046%−$5 · spread now +0.141%, 7d avg +0.066%

Together, before fees−0.027%−$3 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: Gate is 0.075% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SUSHIUSDT	0.2533	0.0100	pay 0.0100% / 8h	1h 20m	$3.8M	$9.1M	75x
Short	Gate SUSHI_USDT	0.2537	0.0100	get 0.0100% / 8h	1h 20m	$563K	$301K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.141%Rate

Funding earned: $0
Price spread: +0.141% → +0.066%: $7.48
Slippage, 4 orders: −$55.62
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$73.14
Costs to cover: 0.806%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; Gate: live order book, 61 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	1.97 bp	14.9 bp −$15	34.5 bp −$345	doesn't fit	doesn't fit
Sell Gate live order book, 61 min ago	3.93 bp	29.0 bp −$29	95.8 bp −$958	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
Injective SUSHI/USDC PERP	+0.0033%	1h	0.2545	+0.457%	$16	$18K	5.5x	as long as short
Bitget SUSHIUSDT	+0.0061%	8h	0.2536	+0.101%	$992K	$701K	50x	as long as short
Kraken Futures PF_SUSHIUSD	+0.0097%	1h	0.2538	+0.161%	$762K	$73K	20x	as long as short
Hyperliquid SUSHI	+0.0100%	1h	0.2537	+0.137%	$355K	$405K	3x	as long as short
Aster SUSHIUSDT	+0.0100%	8h	0.2537	+0.123%	$23K	$17K	5x	as long as short
Binance SUSHIUSDTlong	+0.0100%	8h	0.2533	long leg	$3.8M	$9.1M	75x
Bybit SUSHIUSDT	+0.0100%	8h	0.2534	+0.011%	$2.6M	$2.5M	75x	as long as short
OKX SUSHI-USDT-SWAP	+0.0100%	8h	0.2537	+0.141%	$1.6M	$3.1M	50x	as long as short
Gate SUSHI_USDTshort	+0.0100%	8h	0.2537	+0.141%	$563K	$301K	50x
MEXC SUSHI_USDT	+0.0100%	8h	0.2534	+0.022%	$1.3M	$353K	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	0.2537	+0.141%	$1.2M	$236K	50x	as long as short
BingX SUSHI-USDT	+0.0100%	8h	0.2536	+0.101%	—	$2.5M	—	as long as short
Variational Omni SUSHI	+0.0100%	8h	0.2529	−0.187%	$41K	$14K	—	as long as short
HTX SUSHI-USDT	+0.0100%	8h	0.2540	+0.259%	$85K	$59K	75x	as long as short
BloFin SUSHI-USDT	+0.0122%	8h	0.2535	+0.062%	$213K	$65K	75x	as long as short