Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1531%/8h= +167.7% APRpaid last 24h +0.399%

Price spread now: Kraken Futures against BingX−0.023%7-day average — · you buy dearer than you sell

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

Long on BingX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Kraken Futures is 0.023% cheaper against BingX than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 1 hour of funding at the current rate (+$46 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SYRUP-USDT	0.2188	0.0100	pay 0.0050% / 4h	3h 59m	—	$6.6M	—
Short	Kraken Futures PF_SYRUPUSD	0.2187	0.1631	get 0.0204% / 1h	59m 37s	$40K	$21K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.023%Rate

Funding earned: $321.61
Price spread: −0.023% → 0.000%: −$2.35
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $299.27
Costs to cover: 0.200%
Break-even: 0.5 days

Slippage unknown: BingX: live order book, 7 min ago; Kraken Futures: no order-book sample. 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 BingX live order book, 7 min ago	5.93 bp	28.0 bp −$28	84.0 bp −$840	733.8 bp −$73.4K	1160.0 bp −$580.0K
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.2191	+0.146%	$200K	$220K	5x	as long as short
Hyperliquid SYRUP	+0.0100%	1h	0.2192	+0.192%	$5.4M	$1.8M	3x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2186	−0.087%	$14K	$73K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2187	−0.041%	$8.9M	$7.2M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2190	+0.069%	$2.1M	$2.4M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2189	+0.046%	$1.0M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2190	+0.110%	$403K	$60K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2188	0.000%	$2.9M	$408K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2193	+0.233%	$1.8M	$152K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2191	+0.137%	$700K	$481K	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	0.2188	long leg	—	$6.6M	—
Variational Omni SYRUP	+0.0100%	4h	0.2190	+0.112%	$156K	$24K	—	as long as short
BloFin SYRUP-USDT	+0.0131%	4h	0.2189	+0.064%	$414K	$134K	50x	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2188	+0.009%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0313% / S −0.1301%	1h	0.2189	+0.051%	$2K	—	50x	as long as short
Kraken Futures PF_SYRUPUSDshort	+0.1631%	1h	0.2187	−0.023%	$40K	$21K	10x