Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against BingX+0.311%7-day average +0.075% · you sell dearer than you buy

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

Long on BingX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.267%−$27 · spread now +0.311%, 7d avg +0.075%

Together, before fees−0.267%+ Points / potential airdropVariational Omni: Active · farm board−$27 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: Variational Omni is 0.236% dearer against BingX than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of +0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SYRUP-USDT	0.2236	0.0100	pay 0.0050% / 4h	2h 09m	—	$6.5M	—
Short	Variational Omni SYRUP	0.2243	0.0100	get 0.0050% / 4h	2h 09m	$161K	$37K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.311%Rate

Funding earned: $0
Price spread: +0.311% → +0.075%: $23.59
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $13.59
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: BingX: live order book, 12 min ago; Variational Omni: RFQ quote, 59 min ago. 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, 12 min ago	3.78 bp	26.5 bp −$26	84.0 bp −$840	785.9 bp −$78.6K	1256.6 bp −$628.3K
Sell Variational Omni RFQ quote, 59 min ago	8.70 bp	doesn't fit	200.1 bp −$2,001	doesn't fit	doesn't fit

SYRUP on 15 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	0.2239	+0.157%	$206K	$218K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2239	+0.151%	$14K	$66K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2236	+0.018%	$9.2M	$7.0M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2238	+0.112%	$2.2M	$2.1M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2237	+0.063%	$1.1M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2237	+0.054%	$415K	$68K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2235	−0.027%	$2.9M	$433K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2245	+0.403%	$2.0M	$121K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2239	+0.152%	$650K	$469K	20x	as long as short
BingX SYRUP-USDTlong	+0.0100%	4h	0.2236	long leg	—	$6.5M	—

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SYRUPshort	+0.0100%	4h	0.2243	+0.311%	$161K	$37K	—
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2241	+0.261%	—	—	5x	as long as short
Hyperliquid SYRUP	+0.0322%	1h	0.2241	+0.242%	$5.6M	$1.8M	3x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0328% / S −0.1447%	1h	0.2240	+0.196%	$3K	—	50x	as long as short
Kraken Futures PF_SYRUPUSD	+0.1025%	1h	0.2239	+0.174%	$41K	$25K	10x	as long as short