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: Bybit against BingX+0.100%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1101.096% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.116%−$12 · spread now +0.100%, 7d avg +0.033%

Together, before fees−0.116%−$12 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: Bybit is 0.067% dearer against BingX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SYRUP-USDT	0.2195	0.0100	pay 0.0050% / 4h	2h 40m	—	$6.5M	—
Short	Bybit SYRUPUSDT	0.2198	0.0100	get 0.0050% / 4h	2h 40m	$2.2M	$2.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.100%Rate

Funding earned: $0
Price spread: +0.100% → +0.033%: $6.75
Slippage, 4 orders: −$88.61
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$102.86
Costs to cover: 1.096%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; Bybit: live order book, 1 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, 6 min ago	3.41 bp	24.6 bp −$25	74.6 bp −$746	697.4 bp −$69.7K	1213.5 bp −$606.8K
Sell Bybit live order book, 1 min ago	3.18 bp	28.0 bp −$28	113.7 bp −$1,137	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	−0.0417%	1h	0.2198	+0.137%	$39K	$24K	10x	as long as short
BloFin SYRUP-USDT	+0.0089%	4h	0.2197	+0.077%	$423K	$126K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2198	+0.128%	$204K	$219K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2195	−0.008%	$14K	$68K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2193	−0.082%	$8.9M	$7.6M	25x	as long as short
Bybit SYRUPUSDTshort	+0.0100%	4h	0.2198	+0.100%	$2.2M	$2.4M	25x
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2193	−0.105%	$1.0M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2193	−0.128%	$404K	$65K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2194	−0.059%	$2.8M	$423K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2201	+0.255%	$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	0.2196	+0.032%	$692K	$514K	20x	as long as short
BingX SYRUP-USDTlong	+0.0100%	4h	0.2195	long leg	—	$6.5M	—
Variational Omni SYRUP	+0.0100%	4h	0.2197	+0.086%	$157K	$27K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2196	+0.017%	—	—	5x	as long as short
Hyperliquid SYRUP	+0.0269%	1h	0.2198	+0.130%	$5.4M	$1.9M	3x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0314% / S −0.1301%	1h	0.2196	+0.053%	$2K	—	50x	as long as short