Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0582%/8h= +63.7% APRpaid last 24h +1.014%

Price spread now: Kraken Futures against Binance+0.199%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Kraken Futures

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—needs both histories

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Kraken Futures is 0.199% dearer against Binance than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SYRUPUSDT	0.2308	0.0100	pay 0.0050% / 4h	1m 16s	$9.6M	$6.7M	25x
Short	Kraken Futures PF_SYRUPUSD	0.2312	0.0682	get 0.0085% / 1h	1m 16s	$42K	$23K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.199%Rate

Funding earned: $122.13
Price spread: +0.199% → 0.000%: $19.87
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $122
Costs to cover: 0.200%
Break-even: 0.0 days

Slippage unknown: Binance: live order book, 8 min ago; Kraken Futures: 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 Binance live order book, 8 min ago	1.74 bp	33.9 bp −$34	158.3 bp −$1,583	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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.

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
BloFin SYRUP-USDT	+0.0044%	4h	0.2309	+0.072%	$457K	$135K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2312	+0.193%	$210K	$220K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2308	−0.011%	$14K	$63K	10x	as long as short
Binance SYRUPUSDTlong	+0.0100%	4h	0.2308	long leg	$9.6M	$6.7M	25x
Bybit SYRUPUSDT	+0.0100%	4h	0.2308	+0.029%	$2.3M	$1.9M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2307	−0.036%	$1.2M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2306	−0.075%	$429K	$69K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2307	−0.036%	$3.0M	$583K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2311	+0.120%	$2.0M	$110K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2309	+0.050%	$680K	$454K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SYRUP-USDT	+0.0100%	4h	0.2309	+0.037%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2309	+0.052%	$166K	$46K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2308	+0.025%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0331% / S −0.1447%	1h	0.2308	−0.005%	$3K	—	50x	as long as short
Kraken Futures PF_SYRUPUSDshort	+0.0682%	1h	0.2312	+0.199%	$42K	$23K	10x
Hyperliquid SYRUP	+0.1049%	1h	0.2312	+0.167%	$5.9M	$1.6M	3x	as long as short