SUSHI arbitrage between HyperLiquid and Kraken: we compare the price of SUSHI on HyperLiquid (futures) and Kraken (futures) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

About Sushi

SushiSwap is a decentralized, multi-chain DEX that allows users to swap a wide range of assets across 40+ blockchain networks. It is powered by the industry's most advanced swap and aggregation stack, providing access to superior liquidity and competitive pricing. SushiSwap also offers smart liquidity solutions for liquidity providers including Smart Pools and no-IL AMM. Sushi Labs, the development arm of Sushi DAO, continues to innovate by building a multi-DEX ecosystem with projects like Susa, Saru, and Wara with various blockchain networks. For more information, visit https://sushi.com/

Decentralized Exchange (DEX), Exchange-based Tokens, Decentralized Finance (DeFi), Yield Farming

Open interest in SUSHI right now — $10.7M: KuCoin $2.8M, Binance $2.1M, BingX $1.7M, Bybit $1.5M, OKX $1.4M. See OI SUSHI.

News about SUSHI

Ex-Sushi CTO Joseph DeLong to Launch Order Book DEX on Robinhood Chain

About SUSHI arbitrage

How do I read the SUSHI spread?

The spread is how many percent higher SUSHI trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on HyperLiquid and Kraken. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get SUSHI alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.