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

SUSHI

all SUSHI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0109%/8h= +11.9% APRnext payment +$1.09 per $10,000 · paid last 24h +0.010%
Price spread now: BloFin against Bitget+0.277%195s7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$630.635% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.032%−$3 on $10k
Price spread, last 3 days (all we have)−0.290%−$29 · spread now +0.277%, 7d avg −0.021%
Together, before fees−0.322%−$32 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BloFin is 0.298% dearer against Bitget than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of −0.021%. The two prices were read 195 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget SUSHIUSDT0.25300.0010pay 0.0010% / 8h6h 46m$1.0M$697K50x
ShortBloFin SUSHI-USDT0.25370.0119get 0.0119% / 8h6h 46m$218K$55K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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
$22.84
Price spread: +0.277% → −0.021%
$29.75
Slippage, 4 orders
−$39.47
Fee Bitget: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$10.89
Costs to cover
0.635%
Break-even
10.3 days
Slippage from Bitget: live order book, 5 min ago; BloFin: live order book, 14 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 Bitget live order book, 5 min ago5.92 bp17.1 bp −$1738.9 bp −$389doesn't fitdoesn't fit
Sell BloFin live order book, 14 min ago3.93 bp18.5 bp −$1933.5 bp −$335127.6 bp −$12.8Kdoesn'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 SUSHIUSDTlong+0.0010%8h0.2530long leg$1.0M$697K50x
Injective SUSHI/USDC PERP+0.0033%1h0.2545+0.593%$16$18K5.5xas long as short
Variational Omni SUSHI+0.0061%8h0.2530+0.004%$41K$14Kas long as short
Hyperliquid SUSHI+0.0100%1h0.2534+0.170%$357K$388K3xas long as short
Aster SUSHIUSDT+0.0100%8h0.2533+0.125%$23K$17K5xas long as short
Binance SUSHIUSDT+0.0100%8h0.2532+0.075%$3.9M$9.3M75xas long as short
Bybit SUSHIUSDT+0.0100%8h0.25300.000%$2.5M$2.6M75xas long as short
OKX SUSHI-USDT-SWAP+0.0100%8h0.2533+0.119%$1.6M$3.2M50xas long as short
Gate SUSHI_USDT+0.0100%8h0.2533+0.119%$557K$263K50xas long as short
MEXC SUSHI_USDT+0.0100%8h0.2532+0.079%$1.2M$299K75xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin SUSHIUSDTM+0.0100%8h0.2532+0.079%$1.2M$236K50xas long as short
BingX SUSHI-USDT+0.0100%8h0.2534+0.158%$2.5Mas long as short
HTX SUSHI-USDT+0.0100%8h0.2536+0.237%$87K$50K75xas long as short
BloFin SUSHI-USDTshort+0.0119%8h0.2537+0.277%$218K$55K75x
Kraken Futures PF_SUSHIUSD+0.0133%1h0.2535+0.211%$762K$70K20xas long as short