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: OKX against Binance+0.027%7-day average +0.087% · you sell dearer than you buy

Net, funding: paid 7d − costs−$114as in the Funding arb table

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

costs, in and out, $10k−$1151.151% of the position

Long on Binance Short on OKX

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+0.076%+$8 · spread now +0.027%, 7d avg +0.087%

Together, before fees+0.091%+$9 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: OKX is 0.060% cheaper against Binance than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SYRUPUSDT	0.2213	0.0100	pay 0.0050% / 4h	49m 27s	$9.1M	$7.1M	25x
Short	OKX SYRUP-USDT-SWAP	0.2214	0.0100	get 0.0050% / 4h	49m 27s	$1.1M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → +0.087%: −$5.97
Slippage, 4 orders: −$95.08
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$121.05
Costs to cover: 1.151%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; OKX: live order book, 2 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, 5 min ago	0.45 bp	19.3 bp −$19	98.0 bp −$980	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	2.26 bp	39.1 bp −$39	328.6 bp −$3,286	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	−0.0802%	1h	0.2220	+0.305%	$40K	$24K	10x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2216	+0.113%	$204K	$218K	5x	as long as short
Hyperliquid SYRUP	+0.0100%	1h	0.2215	+0.050%	$5.5M	$1.9M	3x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2215	+0.092%	$14K	$68K	10x	as long as short
Binance SYRUPUSDTlong	+0.0100%	4h	0.2213	long leg	$9.1M	$7.1M	25x
Bybit SYRUPUSDT	+0.0100%	4h	0.2215	+0.068%	$2.2M	$2.1M	25x	as long as short
OKX SYRUP-USDT-SWAPshort	+0.0100%	4h	0.2214	+0.027%	$1.1M	$1.1M	20x
Gate SYRUP_USDT	+0.0100%	8h	0.2215	+0.095%	$410K	$69K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2212	−0.063%	$2.8M	$423K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2219	+0.248%	$1.9M	$152K	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	0.2213	−0.018%	$699K	$507K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2212	−0.072%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2218	+0.211%	$159K	$30K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2214	+0.022%	—	—	5x	as long as short
BloFin SYRUP-USDT	+0.0153%	4h	0.2221	+0.330%	$436K	$129K	50x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0329% / S −0.1447%	1h	0.2218	+0.204%	$3K	—	50x	as long as short