SYRUP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0006%/8h= −0.6% APRnext payment −$0.03 per $10,000 · paid last 24h −0.003%

Price spread now: BloFin against Binance−0.287%71s7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1011.012% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.261%+$26 · spread now −0.287%, 7d avg −0.014%

Together, before fees+0.257%+$26 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: BloFin is 0.273% cheaper against Binance than usual: you would sell low and buy high, −$27 on $10k if it goes back to its 7-day average of −0.014%. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SYRUPUSDT	0.2193	0.0100	pay 0.0050% / 4h	2h 22m	$8.9M	$7.6M	25x
Short	BloFin SYRUP-USDT	0.2187	0.0094	get 0.0047% / 4h	2h 22m	$419K	$125K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.287%Rate

Funding earned: −$1.21
Price spread: −0.287% → −0.014%: −$27.3
Slippage, 4 orders: −$79.2
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$129.71
Costs to cover: 1.012%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; BloFin: 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 Binance live order book, 2 min ago	0.69 bp	20.2 bp −$20	93.0 bp −$930	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	0.23 bp	31.8 bp −$32	doesn't fit	doesn't fit	doesn't fit

SYRUP on 16 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
Kraken Futures PF_SYRUPUSD	−0.0418%	1h	0.2190	−0.121%	$39K	$24K	10x	as long as short
BloFin SYRUP-USDTshort	+0.0094%	4h	0.2187	−0.287%	$419K	$125K	50x
Lighter SYRUP	+0.0096%	1h	0.2194	+0.055%	$204K	$220K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2187	−0.283%	$14K	$69K	10x	as long as short
Binance SYRUPUSDTlong	+0.0100%	4h	0.2193	long leg	$8.9M	$7.6M	25x
Bybit SYRUPUSDT	+0.0100%	4h	0.2193	+0.009%	$2.1M	$2.6M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2193	0.000%	$1.0M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2188	−0.237%	$403K	$66K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2192	−0.046%	$2.8M	$426K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2199	+0.260%	$1.9M	$155K	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SYRUPUSDT	+0.0100%	4h	0.2193	0.000%	$690K	$511K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2193	−0.014%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2183	−0.463%	$156K	$27K	—	as long as short
Hyperliquid SYRUP	+0.0134%	1h	0.2197	+0.178%	$5.4M	$1.9M	3x	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2192	−0.059%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0313% / S −0.1301%	1h	0.2191	−0.076%	$2K	—	50x	as long as short