SushiSwap Fee Calculator
Token Pair
Trading Parameters
Estimated Earnings Breakdown
Total Daily Swaps: 0
Total Daily Fees: $0.00
Fee Distribution:
- to Liquidity Providers
- to SUSHI Treasury
Potential Annual Earnings: $0.00
Potential SUSHI Rewards: 0 SUSHI
Important Notes
- This calculator estimates potential earnings based on current SushiSwap fee structure (0.30% per swap)
- Actual earnings depend on token pair volatility, pool size, and impermanent loss
- SUSHI rewards are variable and depend on farming incentives
- Results are for educational purposes only
Quick Take
- Built on Ethereum is a public blockchain that enables smart contracts and decentralized apps.
- Offers lower fees than Uniswap but higher rewards for liquidity providers.
- Native governance token: SUSHI token is a ERC‑20 token used for voting, staking and fee sharing.
- TVL sits around $400million (Oct2025), placing it in the top‑75 crypto assets.
- Good for beginners thanks to restaurant‑themed UI, but beware of impermanent loss and governance centralization.
SushiSwap review dives into the core of this DeFi platform, explains how it works on Ethereum, and gives you a step‑by‑step guide to start trading safely.
What is SushiSwap?
SushiSwap is a decentralized exchange (DEX) and automated market maker (AMM) that runs primarily on the Ethereum blockchain. Launched in August2020 as a fork of Uniswap, it quickly added its own token, cross‑chain bridges, and a suite of DeFi tools such as lending, borrowing and yield farms. The platform’s UI follows a Japanese restaurant theme - think “BentoBox” for modular apps and “Kashi” for reward tokens - which aims to make complex finance feel more familiar.
How the Automated Market Maker Model Works
The AMM model replaces traditional order books with liquidity pools. Users (called Liquidity Providers are crypto holders who lock pairs of tokens into smart contracts to enable instant swaps. In return they earn a share of the trading fees and, on SushiSwap, extra SUSHI rewards.
Every swap triggers a formula (x·y=k) that keeps the product of the two token reserves constant. This guarantees that a trade can always be executed, but it also creates the risk of impermanent loss - the difference between holding assets in a pool versus keeping them in a personal wallet.
Key Technical Elements
- Smart Contract is a self‑executing code on the blockchain that enforces the rules of each liquidity pool.
- Total Value Locked (TVL) measures the total USD worth of assets deposited in SushiSwap’s pools - roughly $400million as of October2025.
- Fees: 0.30% per swap, of which 0.25% goes to LPs and 0.05% to the SUSHI treasury.
- Governance: Token‑based voting on proposals, currently overseen by a nine‑person multi‑sig.
Ethereum vs. Multi‑Chain Experience
Because SushiSwap originated on Ethereum, it supports any ERC‑20 token. However, Ethereum’s gas fees can spike above $20 during network congestion, making small swaps pricey. To mitigate this, SushiSwap expanded to Arbitrum, Binance Smart Chain, Polygon, and other chains where transaction costs are a fraction of Ethereum’s.
On Ethereum, you’ll notice slower confirmation times (≈15seconds) and higher fees, whereas on Arbitrum or BNB Smart Chain trades settle in a few seconds for under $0.10. The platform automatically routes you to the cheapest chain if you select the “cross‑chain swap” option.
Pros and Cons - A Balanced View
| Aspect | SushiSwap | Uniswap |
|---|---|---|
| Swap fee | 0.30% (0.25% to LPs) | 0.30% (0.25% to LPs) |
| Liquidity incentives | SUSHI rewards + farming | No native token rewards |
| TVL (Oct2025) | ≈ $400M | ≈ $850M |
| Governance | 9‑person multi‑sig + token voting | Community‑wide token voting |
| User experience | Themed UI, beginner‑friendly docs | Minimalist, more technical |
What’s better on SushiSwap? Higher APY for LPs thanks to SUSHI farming and a more approachable UI. What’s worse? Slightly lower TVL and a governance model that leans on a small core team.
How to Get Started on Ethereum
- Install a Web3 wallet (MetaMask, Trust Wallet, etc.) and fund it with ETH for gas.
- Navigate to app.sushi.com and click “Connect Wallet”.
- Select the “Swap” tab, choose the ERC‑20 pair you want to trade, and review the price impact.
- Confirm the transaction in your wallet; Ethereum will ask you to pay a gas fee.
- To become a liquidity provider, go to the “Pool” tab, add equal USD value of both tokens, and click “Supply”.
- Stake your LP tokens in the “Kashi” or “Onsen” farms to earn extra SUSHI.
Remember: always double‑check contract addresses, especially when dealing with lesser‑known tokens. SushiSwap flags verified contracts, but phishing sites still exist.
Security, Audits, and Risks
SushiSwap’s core contracts have undergone multiple audits by firms like PeckShield and Quantstamp. No major breach has been reported since the 2021 migration to a more robust contract suite. However, the platform’s history includes a “rug pull” incident when the original creator, Chef Nomi, withdrew 14M SUSHI in 2020. The community responded by moving governance to a multi‑sig, which restored trust for most users.
Key risks to keep in mind:
- Impermanent loss - especially in volatile pairs.
- Gas fee spikes on Ethereum can turn small arbitrage opportunities unprofitable.
- Governance centralization - nine individuals control contract upgrades.
Mitigation tip: start with stable‑coin pairs (e.g., USDC/DAI) to learn the mechanics before moving into more volatile assets.
Token Economics and Price Outlook
The SUSHI token has a capped supply of 250million. Holders receive 0.05% of every swap fee and can stake SUSHI for xSUSHI, which represents a share of the protocol’s revenue. Analysts in 2025 predict a price range of $0.49‑$0.60, reflecting broader market pressure and the dilution effect from farming incentives.
Even if the token stays flat, the platform’s value proposition lies in the fee‑sharing model for LPs and the cross‑chain trading experience. For traders, the key metric is the effective cost per swap, not the SUSHI price itself.
Community and Support
SushiSwap maintains an active Discord, Telegram, and forum where developers share roadmap updates. Educational resources include a “Sushi Academy” with video tutorials, a glossary that explains terms like “impermanent loss” in plain language, and a weekly AMA with core developers.
Feedback highlights the UI’s friendliness but also calls for more transparency in governance voting records. The platform has responded by publishing weekly snapshots of multi‑sig activity.
Is SushiSwap Right for You?
If you’re a beginner who wants a gentler entry into DeFi, SushiSwap’s themed interface and abundant docs make it a solid choice. If you prioritize the deepest liquidity and the lowest slippage, Uniswap still leads on Ethereum.
For users who enjoy earning extra yields, the SUSHI farming programs can boost returns dramatically-sometimes exceeding 100% APR on high‑risk pairs. Just remember that high yields come with high risk.
Frequently Asked Questions
How do I connect my wallet to SushiSwap?
Open the SushiSwap app, click “Connect Wallet”, choose your Web3 provider (e.g., MetaMask), and approve the connection request in the wallet pop‑up.
What are the gas costs on Ethereum for a typical swap?
Gas fees vary with network congestion. In mid‑2025 the average cost for a 0.3% fee swap ranged from $5 to $20, but using Arbitrum or BNB Smart Chain can drop it below $0.10.
Can I withdraw my liquidity at any time?
Yes. LP tokens are fully withdrawable. Removing liquidity will trigger a transaction that returns your share of the pool plus any earned fees, minus any impermanent loss.
Is SushiSwap safe from hacks?
The core contracts have passed multiple third‑party audits, but no platform is 100% risk‑free. Use hardware wallets for large balances and avoid unverified third‑party integrations.
What is the difference between SUSHI and xSUSHI?
Staking SUSHI locks it in the SushiBar, returning xSUSHI tokens that accrue a share of the protocol’s revenue. xSUSHI can be redeemed for the underlying SUSHI plus earned fees.
