Funding arb · Price arb /

SUSHI

all SUSHI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Bybit+0.119%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$910.912% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.057%+$6 on $10k

Price spread, last 7 days−0.072%−$7 · spread now +0.119%, 7d avg +0.055%

Together, before fees−0.015%−$1 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: BingX is 0.064% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SUSHIUSDT	0.2520	0.0100	pay 0.0100% / 8h	7h 29m	$2.5M	$3.2M	75x
Short	BingX SUSHI-USDT	0.2523	0.0100	get 0.0100% / 8h	7h 29m	—	$2.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now +0.119%Rate

Funding earned: $0
Price spread: +0.119% → +0.055%: $6.45
Slippage, 4 orders: −$70.25
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$84.8
Costs to cover: 0.912%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; BingX: live order book, 5 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 Bybit live order book, 3 min ago	3.97 bp	19.8 bp −$20	111.1 bp −$1,111	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	7.92 bp	22.6 bp −$23	50.5 bp −$505	390.6 bp −$39.1K	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
Variational Omni SUSHI	−0.0019%	8h	0.2522	+0.063%	$41K	$7K	—	as long as short
Injective SUSHI/USDC PERP	+0.0033%	1h	0.2545	+0.992%	$16	$18K	5.5x	as long as short
BloFin SUSHI-USDT	+0.0085%	8h	0.2523	+0.119%	$206K	$49K	75x	as long as short
Hyperliquid SUSHI	+0.0100%	1h	0.2525	+0.190%	$332K	$344K	3x	as long as short
Aster SUSHIUSDT	+0.0100%	8h	0.2524	+0.143%	$22K	$16K	5x	as long as short
Binance SUSHIUSDT	+0.0100%	8h	0.2523	+0.119%	$3.9M	$9.5M	75x	as long as short
Bybit SUSHIUSDTlong	+0.0100%	8h	0.2520	long leg	$2.5M	$3.2M	75x
OKX SUSHI-USDT-SWAP	+0.0100%	8h	0.2522	+0.079%	$1.5M	$3.8M	50x	as long as short
Gate SUSHI_USDT	+0.0100%	8h	0.2524	+0.159%	$575K	$285K	50x	as long as short
MEXC SUSHI_USDT	+0.0100%	8h	0.2522	+0.079%	$1.2M	$282K	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	0.2523	+0.119%	$1.2M	$254K	50x	as long as short
Bitget SUSHIUSDT	+0.0100%	8h	0.2523	+0.119%	$976K	$791K	50x	as long as short
BingX SUSHI-USDTshort	+0.0100%	8h	0.2523	+0.119%	—	$2.5M	—
HTX SUSHI-USDT	+0.0100%	8h	0.2523	+0.119%	$84K	$78K	75x	as long as short
Kraken Futures PF_SUSHIUSD	+0.0319%	1h	0.2524	+0.155%	$759K	$67K	20x	as long as short