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: Bybit against Bitget+0.074%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$148as in the Funding arb table

Net, price: spread back to 7d avg − costs−$143as in the Price arb table

costs, in and out, $10k−$1481.476% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now +0.074%, 7d avg +0.030%

Together, before fees+0.009%+$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: Bybit is 0.044% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SYRUPUSDT	0.2299	0.0100	pay 0.0050% / 4h	3h 44m	$677K	$448K	20x
Short	Bybit SYRUPUSDT	0.2301	0.0100	get 0.0050% / 4h	3h 44m	$2.3M	$2.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now +0.074%Rate

Funding earned: $0
Price spread: +0.074% → +0.030%: $4.42
Slippage, 4 orders: −$124.62
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$143.19
Costs to cover: 1.476%
Break-even: never at this rate

Slippage from Bitget: live order book, 26 min ago; Bybit: live order book, 3 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 Bitget live order book, 26 min ago	12.99 bp	25.0 bp −$25	140.6 bp −$1,406	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.74 bp	44.3 bp −$44	179.8 bp −$1,798	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	+0.0043%	4h	0.2299	+0.004%	$457K	$134K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2304	+0.222%	$209K	$217K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2300	+0.061%	$14K	$63K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2299	−0.016%	$9.6M	$6.8M	25x	as long as short
Bybit SYRUPUSDTshort	+0.0100%	4h	0.2301	+0.074%	$2.3M	$2.0M	25x
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2299	0.000%	$1.2M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2301	+0.083%	$428K	$68K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2298	−0.043%	$3.0M	$579K	100x	as long as short
Bitget SYRUPUSDTlong	+0.0100%	4h	0.2299	long leg	$677K	$448K	20x
BingX SYRUP-USDT	+0.0100%	4h	0.2299	+0.013%	—	$6.5M	—	as long as short

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	+0.098%	$166K	$46K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2299	+0.006%	—	—	5x	as long as short
KuCoin SYRUPUSDTM	+0.0154%	4h	0.2307	+0.352%	$2.0M	$111K	25x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0330% / S −0.1447%	1h	0.2299	+0.008%	$3K	—	50x	as long as short
Hyperliquid SYRUP	+0.0413%	1h	0.2303	+0.165%	$5.8M	$1.6M	3x	as long as short
Kraken Futures PF_SYRUPUSD	+0.1569%	1h	0.2303	+0.185%	$41K	$23K	10x	as long as short