Funding arb · Price arb /

SUSHI

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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: HTX against Bybit+0.355%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on HTX

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—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.355% dearer against Bybit than usual: you sell high and buy low, +$36 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SUSHIUSDT	0.2532	0.0100	pay 0.0100% / 8h	1h 23m	$2.6M	$2.5M	75x
Short	HTX SUSHI-USDT	0.2541	0.0100	get 0.0100% / 8h	1h 23m	$86K	$59K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 HTXbpOrdersPrice spread, now +0.355%Rate

Funding earned: $0
Price spread: +0.355% → 0.000%: $35.55
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee HTX: 6 bp × 2 orders: −$12
Net: $12.55
Costs to cover: 0.230%
Break-even: from the start

Slippage unknown: Bybit: live order book, 3 min ago; HTX: no order-book sample. Net counts fees only.

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	3.95 bp	32.3 bp −$32	375.9 bp −$3,759	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.513%	$16	$18K	5.5x	as long as short
Bitget SUSHIUSDT	+0.0054%	8h	0.2535	+0.118%	$992K	$701K	50x	as long as short
Kraken Futures PF_SUSHIUSD	+0.0097%	1h	0.2537	+0.188%	$762K	$75K	20x	as long as short
Hyperliquid SUSHI	+0.0100%	1h	0.2536	+0.154%	$355K	$405K	3x	as long as short
Aster SUSHIUSDT	+0.0100%	8h	0.2535	+0.106%	$23K	$17K	5x	as long as short
Binance SUSHIUSDT	+0.0100%	8h	0.2533	+0.052%	$3.8M	$9.2M	75x	as long as short
Bybit SUSHIUSDTlong	+0.0100%	8h	0.2532	long leg	$2.6M	$2.5M	75x
OKX SUSHI-USDT-SWAP	+0.0100%	8h	0.2536	+0.158%	$1.6M	$3.1M	50x	as long as short
Gate SUSHI_USDT	+0.0100%	8h	0.2535	+0.118%	$568K	$295K	50x	as long as short
MEXC SUSHI_USDT	+0.0100%	8h	0.2534	+0.079%	$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	+0.197%	$1.2M	$236K	50x	as long as short
BingX SUSHI-USDT	+0.0100%	8h	0.2532	0.000%	—	$2.5M	—	as long as short
Variational Omni SUSHI	+0.0100%	8h	0.2529	−0.131%	$41K	$14K	—	as long as short
HTX SUSHI-USDTshort	+0.0100%	8h	0.2541	+0.355%	$86K	$59K	75x
BloFin SUSHI-USDT	+0.0120%	8h	0.2533	+0.039%	$213K	$65K	75x	as long as short