Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Binance+0.394%7-day average +0.216% · you sell dearer than you buy

Net, funding: paid 7d − costs−$767as in the Funding arb table

Net, price: spread back to 7d avg − costs−$751as in the Price arb table

costs, in and out, $10k−$7697.688% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 7 days−0.141%−$14 · spread now +0.394%, 7d avg +0.216%

Together, before fees−0.127%−$13 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: KuCoin is 0.178% dearer against Binance than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.216%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SYRUPUSDT	0.2209	0.0100	pay 0.0050% / 4h	3h 08m	$8.9M	$7.2M	25x
Short	KuCoin SYRUPUSDTM	0.2217	0.0100	get 0.0050% / 4h	3h 08m	$1.9M	$150K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.394%Rate

Funding earned: $0
Price spread: +0.394% → +0.216%: $17.79
Slippage, 4 orders: −$746.85
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$751.06
Costs to cover: 7.688%
Break-even: never at this rate

Slippage from Binance: live order book, just now; KuCoin: live order book, 7 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, just now	0.45 bp	25.2 bp −$25	96.6 bp −$966	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	31.87 bp	395.5 bp −$396	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
Lighter SYRUP	+0.0096%	1h	0.2213	+0.185%	$202K	$220K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2208	−0.030%	$16K	$75K	10x	as long as short
Binance SYRUPUSDTlong	+0.0100%	4h	0.2209	long leg	$8.9M	$7.2M	25x
Bybit SYRUPUSDT	+0.0100%	4h	0.2209	+0.004%	$2.1M	$2.4M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2209	+0.013%	$1.1M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2207	−0.091%	$406K	$61K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2208	−0.032%	$2.9M	$417K	100x	as long as short
KuCoin SYRUPUSDTMshort	+0.0100%	4h	0.2217	+0.394%	$1.9M	$150K	25x
Bitget SYRUPUSDT	+0.0100%	4h	0.2210	+0.059%	$703K	$476K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2209	+0.031%	—	$6.6M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SYRUP	+0.0100%	4h	0.2210	+0.074%	$158K	$24K	—	as long as short
BloFin SYRUP-USDT	+0.0148%	4h	0.2202	−0.295%	$414K	$153K	50x	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2210	+0.050%	—	—	5x	as long as short
Hyperliquid SYRUP	+0.0284%	1h	0.2213	+0.208%	$5.5M	$1.8M	3x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0313% / S −0.1301%	1h	0.2209	+0.026%	$2K	—	50x	as long as short
Kraken Futures PF_SYRUPUSD	+1.4393%	1h	0.2206	−0.119%	$40K	$17K	10x	as long as short