Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against BingX+0.003%7-day average −0.045% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$1011.009% of the position

Long on BingX Short on Binance

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−0.077%−$8 · spread now +0.003%, 7d avg −0.045%

Together, before fees−0.092%−$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: Binance is 0.048% dearer against BingX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SYRUP-USDT	0.2198	0.0100	pay 0.0050% / 4h	2h 42m	—	$6.5M	—
Short	Binance SYRUPUSDT	0.2198	0.0100	get 0.0050% / 4h	2h 42m	$8.9M	$7.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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 BingXbpFee BinancebpOrdersPrice spread, now +0.003%Rate

Funding earned: $0
Price spread: +0.003% → −0.045%: $4.8
Slippage, 4 orders: −$80.92
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$96.12
Costs to cover: 1.009%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; Binance: live order book, 12 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 BingX live order book, 4 min ago	3.41 bp	24.6 bp −$25	74.6 bp −$746	697.4 bp −$69.7K	1213.5 bp −$606.8K
Sell Binance live order book, 12 min ago	0.23 bp	27.9 bp −$28	97.8 bp −$978	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	0.2192	−0.276%	$39K	$24K	10x	as long as short
BloFin SYRUP-USDT	+0.0077%	4h	0.2194	−0.182%	$421K	$126K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2202	+0.173%	$205K	$219K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2198	+0.003%	$14K	$68K	10x	as long as short
Binance SYRUPUSDTshort	+0.0100%	4h	0.2198	+0.003%	$8.9M	$7.6M	25x
Bybit SYRUPUSDT	+0.0100%	4h	0.2199	+0.036%	$2.2M	$2.4M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2198	0.000%	$1.0M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2191	−0.300%	$404K	$65K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2198	0.000%	$2.8M	$423K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2202	+0.177%	$1.8M	$151K	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	0.2198	0.000%	$692K	$514K	20x	as long as short
BingX SYRUP-USDTlong	+0.0100%	4h	0.2198	long leg	—	$6.5M	—
Variational Omni SYRUP	+0.0100%	4h	0.2202	+0.160%	$157K	$27K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2192	−0.251%	—	—	5x	as long as short
Hyperliquid SYRUP	+0.0309%	1h	0.2203	+0.229%	$5.4M	$1.9M	3x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0313% / S −0.1301%	1h	0.2193	−0.208%	$2K	—	50x	as long as short