Funding arb · Price arb /

SUSHI

all SUSHI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bybit+0.079%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1061.063% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 7 days−0.064%−$6 · spread now +0.079%, 7d avg +0.045%

Together, before fees−0.080%−$8 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: KuCoin is 0.034% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SUSHIUSDT	0.2517	0.0100	pay 0.0100% / 8h	1h 41m	$2.5M	$2.9M	75x
Short	KuCoin SUSHIUSDTM	0.2519	0.0100	get 0.0100% / 8h	1h 41m	$1.2M	$246K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.079%Rate

Funding earned: $0
Price spread: +0.079% → +0.045%: $3.43
Slippage, 4 orders: −$83.27
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$102.85
Costs to cover: 1.063%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; KuCoin: live order book, 4 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, 1 min ago	5.96 bp	25.2 bp −$25	124.2 bp −$1,242	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	9.94 bp	27.7 bp −$28	149.6 bp −$1,496	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
Bitget SUSHIUSDT	+0.0004%	8h	0.2520	+0.119%	$997K	$742K	50x	as long as short
Variational Omni SUSHI	+0.0031%	8h	0.2514	−0.117%	$40K	$7K	—	as long as short
Injective SUSHI/USDC PERP	+0.0033%	1h	0.2545	+1.112%	$16	$18K	5.5x	as long as short
Kraken Futures PF_SUSHIUSD	+0.0064%	1h	0.2520	+0.130%	$757K	$61K	20x	as long as short
BloFin SUSHI-USDT	+0.0092%	8h	0.2522	+0.199%	$208K	$53K	75x	as long as short
Hyperliquid SUSHI	+0.0100%	1h	0.2520	+0.139%	$332K	$348K	3x	as long as short
Aster SUSHIUSDT	+0.0100%	8h	0.2519	+0.074%	$23K	$15K	5x	as long as short
Binance SUSHIUSDT	+0.0100%	8h	0.2520	+0.119%	$3.9M	$9.4M	75x	as long as short
Bybit SUSHIUSDTlong	+0.0100%	8h	0.2517	long leg	$2.5M	$2.9M	75x
OKX SUSHI-USDT-SWAP	+0.0100%	8h	0.2520	+0.119%	$1.5M	$3.7M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SUSHI_USDT	+0.0100%	8h	0.2519	+0.079%	$571K	$270K	50x	as long as short
MEXC SUSHI_USDT	+0.0100%	8h	0.2520	+0.119%	$1.2M	$275K	75x	as long as short
KuCoin SUSHIUSDTMshort	+0.0100%	8h	0.2519	+0.079%	$1.2M	$246K	50x
BingX SUSHI-USDT	+0.0100%	8h	0.2518	+0.040%	—	$2.5M	—	as long as short
HTX SUSHI-USDT	+0.0100%	8h	0.2519	+0.079%	$84K	$79K	75x	as long as short