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% APRpaid last 24h 0.000%

Price spread now: Gate against BingX−0.139%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$529as in the Funding arb table

Net, price: spread back to 7d avg − costs−$542as in the Price arb table

costs, in and out, $10k−$5295.285% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.195%+$19 · spread now −0.139%, 7d avg −0.002%

Together, before fees+0.192%+$19 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: Gate is 0.137% cheaper against BingX than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SYRUP-USDT	0.2307	0.0100	pay 0.0050% / 4h	11m 44s	—	$6.5M	—
Short	Gate SYRUP_USDT	0.2304	0.0100	get 0.0100% / 8h	11m 44s	$428K	$69K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.139%Rate

Funding earned: $0
Price spread: −0.139% → −0.002%: −$13.7
Slippage, 4 orders: −$503.55
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$542.25
Costs to cover: 5.285%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; Gate: live order book, 64 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, 10 min ago	5.43 bp	33.2 bp −$33	91.1 bp −$911	733.5 bp −$73.3K	1204.3 bp −$602.1K
Sell Gate live order book, 64 min ago	18.91 bp	319.4 bp −$319	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
BloFin SYRUP-USDT	+0.0064%	4h	0.2301	−0.273%	$458K	$134K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2312	+0.234%	$210K	$220K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2306	−0.036%	$13K	$63K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2308	+0.024%	$9.6M	$6.7M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2308	+0.022%	$2.3M	$1.9M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2307	0.000%	$1.2M	$1.1M	20x	as long as short
Gate SYRUP_USDTshort	+0.0100%	8h	0.2304	−0.139%	$428K	$69K	25x
MEXC SYRUP_USDT	+0.0100%	4h	0.2307	0.000%	$3.0M	$583K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2310	+0.134%	$2.0M	$109K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2307	0.000%	$679K	$454K	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-USDTlong	+0.0100%	4h	0.2307	long leg	—	$6.5M	—
Variational Omni SYRUP	+0.0100%	4h	0.2300	−0.309%	$165K	$46K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2302	−0.208%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0331% / S −0.1447%	1h	0.2306	−0.033%	$3K	—	50x	as long as short
Kraken Futures PF_SYRUPUSD	+0.0682%	1h	0.2310	+0.151%	$42K	$23K	10x	as long as short
Hyperliquid SYRUP	+0.1216%	1h	0.2312	+0.217%	$5.9M	$1.5M	3x	as long as short