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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against BingX+0.052%7-day average −0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$660.662% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 7 days−0.121%−$12 · spread now +0.052%, 7d avg −0.051%

Together, before fees−0.137%−$14 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: MEXC is 0.103% dearer against BingX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SYRUP-USDT	0.2301	0.0100	pay 0.0050% / 4h	1h 22m	—	$6.5M	—
Short	MEXC SYRUP_USDT	0.2302	0.0100	get 0.0050% / 4h	1h 22m	$3.0M	$577K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.052%Rate

Funding earned: $0
Price spread: +0.052% → −0.051%: $10.32
Slippage, 4 orders: −$48.25
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$55.92
Costs to cover: 0.662%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; MEXC: live order book, 5 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	3.27 bp	10.9 bp −$11	80.3 bp −$803	746.9 bp −$74.7K	1200.9 bp −$600.5K
Sell MEXC live order book, 5 min ago	4.35 bp	11.5 bp −$12	59.9 bp −$599	281.9 bp −$28.2K	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
Lighter SYRUP	+0.0096%	1h	0.2305	+0.187%	$209K	$225K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2299	−0.066%	$12K	$61K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2302	+0.061%	$9.6M	$6.5M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2303	+0.113%	$2.3M	$1.9M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2304	+0.139%	$1.2M	$999K	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2298	−0.143%	$429K	$67K	25x	as long as short
MEXC SYRUP_USDTshort	+0.0100%	4h	0.2302	+0.052%	$3.0M	$577K	100x
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2308	+0.322%	$2.0M	$109K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2303	+0.096%	$672K	$439K	20x	as long as short
BingX SYRUP-USDTlong	+0.0100%	4h	0.2301	long leg	—	$6.5M	—

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SYRUP	+0.0100%	4h	0.2301	−0.002%	$165K	$51K	—	as long as short
BloFin SYRUP-USDT	+0.0111%	4h	0.2299	−0.087%	$462K	$132K	50x	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2301	+0.013%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0330% / S −0.1447%	1h	0.2300	−0.025%	$3K	—	50x	as long as short
Hyperliquid SYRUP	+0.0956%	1h	0.2307	+0.256%	$5.9M	$1.5M	3x	as long as short
Kraken Futures PF_SYRUPUSD	+0.1424%	1h	0.2302	+0.062%	$41K	$23K	10x	as long as short