Settings8H · net · $10k
Funding arb · Price arb /

SYRUP

all SYRUP markets
SwapBacktest
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: KuCoin against BingX+0.077%7-day average +0.167% · you sell dearer than you buy
Net, funding: paid 7d − costs−$717as in the Funding arb table
Net, price: spread back to 7d avg − costs−$726as in the Price arb table
costs, in and out, $10k−$7177.175% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.005%$0 on $10k
Price spread, last 7 days+0.006%+$1 · spread now +0.077%, 7d avg +0.167%
Together, before fees+0.011%+$1 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: KuCoin is 0.090% cheaper against BingX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.167%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX SYRUP-USDT0.21980.0100pay 0.0050% / 4h2h 36m$6.5M
ShortKuCoin SYRUPUSDTM0.21990.0100get 0.0050% / 4h2h 36m$1.8M$150K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$0
Price spread: +0.077% → +0.167%
−$8.98
Slippage, 4 orders
−$695.49
Fee BingX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$726.47
Costs to cover
7.175%
Break-even
never at this rate
Slippage from BingX: live order book, 10 min ago; KuCoin: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 10 min ago3.41 bp24.6 bp −$2574.6 bp −$746697.4 bp −$69.7K1213.5 bp −$606.8K
Sell KuCoin live order book, 4 min ago32.01 bp515.1 bp −$515doesn't fitdoesn't fitdoesn't fit

SYRUP on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SYRUPUSD−0.0418%1h0.2191−0.289%$39K$24K10xas long as short
Lighter SYRUP+0.0096%1h0.2193−0.196%$204K$220K5xas long as short
Aster SYRUPUSDT+0.0100%4h0.2195−0.109%$14K$68K10xas long as short
Binance SYRUPUSDT+0.0100%4h0.2197−0.050%$8.9M$7.6M25xas long as short
Bybit SYRUPUSDT+0.0100%4h0.2196−0.059%$2.2M$2.5M25xas long as short
OKX SYRUP-USDT-SWAP+0.0100%4h0.2197−0.032%$1.0M$1.1M20xas long as short
Gate SYRUP_USDT+0.0100%8h0.2192−0.268%$404K$65K25xas long as short
MEXC SYRUP_USDT+0.0100%4h0.2195−0.123%$2.8M$424K100xas long as short
KuCoin SYRUPUSDTMshort+0.0100%4h0.2199+0.077%$1.8M$150K25x
Bitget SYRUPUSDT+0.0100%4h0.2198+0.014%$692K$513K20xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX SYRUP-USDTlong+0.0100%4h0.2198long leg$6.5M
Variational Omni SYRUP+0.0100%4h0.2197−0.023%$157K$27Kas long as short
BloFin SYRUP-USDT+0.0102%4h0.2193−0.218%$423K$124K50xas long as short
Reya SYRUPRUSDPERP+0.0149%1h0.2192−0.240%5xas long as short
Hyperliquid SYRUP+0.0249%1h0.2200+0.127%$5.4M$1.9M3xas long as short
GMX SYRUP/USD [ETH-USDC]L +0.0314% / S −0.1301%1h0.2193−0.235%$2K50xas long as short