Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Binance−0.107%7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1061.058% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$2 on $10k

Price spread, last 7 days+0.179%+$18 · spread now −0.107%, 7d avg +0.046%

Together, before fees+0.194%+$19 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: BingX is 0.153% cheaper against Binance than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SYRUPUSDT	0.2242	0.0100	pay 0.0050% / 4h	2h 07m	$9.2M	$7.0M	25x
Short	BingX SYRUP-USDT	0.2240	0.0100	get 0.0050% / 4h	2h 07m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now −0.107%Rate

Funding earned: $0
Price spread: −0.107% → +0.046%: −$15.26
Slippage, 4 orders: −$85.83
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$121.09
Costs to cover: 1.058%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; BingX: live order book, 14 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 Binance live order book, 2 min ago	0.67 bp	23.4 bp −$23	103.6 bp −$1,036	doesn't fit	doesn't fit
Sell BingX live order book, 14 min ago	3.78 bp	26.9 bp −$27	83.9 bp −$839	574.5 bp −$57.4K	1085.0 bp −$542.5K

SYRUP 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
Lighter SYRUP	+0.0096%	1h	0.2245	+0.116%	$207K	$218K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2241	−0.043%	$14K	$66K	10x	as long as short
Binance SYRUPUSDTlong	+0.0100%	4h	0.2242	long leg	$9.2M	$7.0M	25x
Bybit SYRUPUSDT	+0.0100%	4h	0.2243	+0.054%	$2.2M	$2.1M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2242	0.000%	$1.1M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2238	−0.169%	$416K	$68K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2241	−0.044%	$2.9M	$433K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2242	−0.018%	$2.0M	$121K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2243	+0.045%	$651K	$456K	20x	as long as short
BingX SYRUP-USDTshort	+0.0100%	4h	0.2240	−0.107%	—	$6.5M	—

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SYRUP	+0.0100%	4h	0.2243	+0.025%	$161K	$37K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2242	−0.022%	—	—	5x	as long as short
Hyperliquid SYRUP	+0.0314%	1h	0.2246	+0.182%	$5.6M	$1.8M	3x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0328% / S −0.1447%	1h	0.2242	+0.008%	$3K	—	50x	as long as short
Kraken Futures PF_SYRUPUSD	+0.1025%	1h	0.2241	−0.062%	$41K	$25K	10x	as long as short