Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Variational Omni against Binance+0.489%7-day average +0.095% · you sell dearer than you buy

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

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.341%−$34 · spread now +0.489%, 7d avg +0.095%

Together, before fees−0.341%+ Points / potential airdropVariational Omni: Active · farm board−$34 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: Variational Omni is 0.393% dearer against Binance than usual: you sell high and buy low, +$39 on $10k if it goes back to its 7-day average of +0.095%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SYRUPUSDT	0.2330	0.0100	pay 0.0050% / 4h	2h 57m	$9.8M	$6.1M	25x
Short	Variational Omni SYRUP	0.2342	0.0100	get 0.0050% / 4h	2h 57m	$167K	$48K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.489%Rate

Funding earned: $0
Price spread: +0.489% → +0.095%: $39.34
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $29.34
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Binance: live order book, 12 min ago; Variational Omni: RFQ quote, 31 min ago. 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, 12 min ago	0.21 bp	27.9 bp −$28	103.3 bp −$1,033	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 31 min ago	6.43 bp	doesn't fit	177.9 bp −$1,779	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	0.2333	+0.099%	$172K	$183K	5x	as long as short
BloFin SYRUP-USDT	+0.0099%	4h	0.2331	+0.017%	$474K	$132K	50x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2332	+0.062%	$11K	$59K	10x	as long as short
Binance SYRUPUSDTlong	+0.0100%	4h	0.2330	long leg	$9.8M	$6.1M	25x
Bybit SYRUPUSDT	+0.0100%	4h	0.2332	+0.090%	$2.3M	$1.8M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2332	+0.073%	$1.2M	$978K	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2331	+0.034%	$436K	$64K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2330	−0.013%	$3.2M	$564K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2338	+0.309%	$2.0M	$109K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2331	+0.030%	$674K	$407K	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	0.2331	+0.051%	—	$6.5M	—	as long as short
Variational Omni SYRUPshort	+0.0100%	4h	0.2342	+0.489%	$167K	$48K	—
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2333	+0.107%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0332% / S −0.1447%	1h	0.2334	+0.154%	$3K	—	50x	as long as short
Kraken Futures PF_SYRUPUSD	+0.0967%	1h	0.2337	+0.273%	$42K	$25K	10x	as long as short
Hyperliquid SYRUP	+0.1339%	1h	0.2338	+0.317%	$5.8M	$1.3M	3x	as long as short