Funding arb · Price arb /

SUSHI

all SUSHI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: Aster against Injective−0.873%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.873% cheaper against Injective than usual: you would sell low and buy high (spread −0.873% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$87 on $10k: about 44 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective SUSHI/USDC PERP	0.2545	0.0033	pay 0.0004% / 1h	19m 05s	$16	$18K	5.5x
Short	Aster SUSHIUSDT	0.2523	0.0100	get 0.0100% / 8h	6h 19m	$22K	$15K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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 InjectivebpFee AsterbpOrdersPrice spread, now −0.873%Rate

Funding earned: $14
Price spread: −0.873% → 0.000%: −$87.25
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: −$81.27
Costs to cover: 0.080%
Break-even: 47.6 days

Slippage unknown: Injective: no order-book sample; Aster: 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 Injective no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Injective and Aster: 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 exchanges

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	−0.0043%	8h	0.2524	−0.806%	$41K	$6K	—	as long as short
Injective SUSHI/USDC PERPlong	+0.0033%	1h	0.2545	long leg	$16	$18K	5.5x
BloFin SUSHI-USDT	+0.0088%	8h	0.2523	−0.864%	$203K	$54K	75x	as long as short
Hyperliquid SUSHI	+0.0100%	1h	0.2524	−0.821%	$332K	$320K	3x	as long as short
Aster SUSHIUSDTshort	+0.0100%	8h	0.2523	−0.873%	$22K	$15K	5x
Binance SUSHIUSDT	+0.0100%	8h	0.2523	−0.864%	$3.9M	$9.1M	75x	as long as short
Bybit SUSHIUSDT	+0.0100%	8h	0.2521	−0.943%	$2.5M	$3.0M	75x	as long as short
OKX SUSHI-USDT-SWAP	+0.0100%	8h	0.2522	−0.904%	$1.5M	$3.7M	50x	as long as short
Gate SUSHI_USDT	+0.0100%	8h	0.2525	−0.786%	$572K	$271K	50x	as long as short
MEXC SUSHI_USDT	+0.0100%	8h	0.2523	−0.864%	$1.2M	$265K	75x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SUSHIUSDTM	+0.0100%	8h	0.2523	−0.864%	$1.2M	$244K	50x	as long as short
Bitget SUSHIUSDT	+0.0100%	8h	0.2526	−0.747%	$978K	$683K	50x	as long as short
BingX SUSHI-USDT	+0.0100%	8h	0.2524	−0.825%	—	$2.5M	—	as long as short
HTX SUSHI-USDT	+0.0100%	8h	0.2527	−0.707%	$84K	$79K	75x	as long as short
Kraken Futures PF_SUSHIUSD	+0.0131%	1h	0.2525	−0.772%	$759K	$62K	20x	as long as short