Settings8H · net · $10k
Funding arb · Price arb /

SUSHI

all SUSHI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against BingX+0.083%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$760.764% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.146%−$15 · spread now +0.083%, 7d avg +0.018%
Together, before fees−0.146%+ Points / potential airdropHyperliquid: Season 2 · farm board−$15 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: Hyperliquid is 0.065% dearer against BingX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.018%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX SUSHI-USDT0.25420.0100pay 0.0100% / 8h3h 55m$2.5M
ShortHyperliquid SUSHI0.25440.0100get 0.0013% / 1h55m 58s$356K$337K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. 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

Funding earned
$0
Price spread: +0.083% → +0.018%
$6.48
Slippage, 4 orders
−$57.36
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$69.88
Costs to cover
0.764%
Break-even
never at this rate
Slippage from BingX: live order book, 4 min ago; Hyperliquid: live order book, 24 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 4 min ago5.90 bp22.3 bp −$2247.3 bp −$473675.6 bp −$67.6K1262.4 bp −$631.2K
Sell Hyperliquid live order book, 24 min ago2.36 bp21.9 bp −$22doesn't fitdoesn't fitdoesn't fit

SUSHI on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget SUSHIUSDT−0.0091%8h0.25420.000%$1.0M$714K50xas long as short
Variational Omni SUSHI+0.0010%8h0.2543+0.022%$41K$7Kas long as short
Injective SUSHI/USDC PERP+0.0033%1h0.2545+0.118%$16$18K5.5xas long as short
BloFin SUSHI-USDT+0.0091%8h0.2546+0.157%$213K$38K75xas long as short
Hyperliquid SUSHIshort+0.0100%1h0.2544+0.083%$356K$337K3x
Aster SUSHIUSDT+0.0100%8h0.2546+0.160%$23K$17K5xas long as short
Binance SUSHIUSDT+0.0100%8h0.2543+0.039%$3.9M$9.1M75xas long as short
Bybit SUSHIUSDT+0.0100%8h0.2543+0.039%$2.6M$2.6M75xas long as short
OKX SUSHI-USDT-SWAP+0.0100%8h0.2544+0.079%$1.6M$3.3M50xas long as short
Gate SUSHI_USDT+0.0100%8h0.2545+0.118%$564K$221K50xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC SUSHI_USDT+0.0100%8h0.2541−0.039%$1.2M$265K75xas long as short
KuCoin SUSHIUSDTM+0.0100%8h0.2543+0.039%$1.2M$233K50xas long as short
BingX SUSHI-USDTlong+0.0100%8h0.2542long leg$2.5M
HTX SUSHI-USDT+0.0100%8h0.2545+0.118%$85K$74K75xas long as short
Kraken Futures PF_SUSHIUSD+0.0313%1h0.2547+0.192%$767K$61K20xas long as short