Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against Bitget−0.132%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$495as in the Funding arb table

Net, price: spread back to 7d avg − costs−$506as in the Price arb table

costs, in and out, $10k−$4954.948% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.227%+$23 · spread now −0.132%, 7d avg −0.019%

Together, before fees+0.224%+$22 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: Gate is 0.113% cheaper against Bitget than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SYRUPUSDT	0.2201	0.0100	pay 0.0050% / 4h	2h 00m	$692K	$510K	20x
Short	Gate SYRUP_USDT	0.2198	0.0100	get 0.0100% / 8h	2h 00m	$405K	$66K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.132%Rate

Funding earned: $0
Price spread: −0.132% → −0.019%: −$11.27
Slippage, 4 orders: −$467.79
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$506.05
Costs to cover: 4.948%
Break-even: never at this rate

Slippage from Bitget: live order book, 45 min ago; Gate: live order book, 45 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, 45 min ago	9.09 bp	31.8 bp −$32	92.6 bp −$926	doesn't fit	doesn't fit
Sell Gate live order book, 45 min ago	16.60 bp	264.6 bp −$265	doesn't fit	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
Kraken Futures PF_SYRUPUSD	−0.0417%	1h	0.2199	−0.071%	$39K	$24K	10x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2203	+0.109%	$205K	$220K	5x	as long as short
Hyperliquid SYRUP	+0.0100%	1h	0.2203	+0.095%	$5.4M	$1.9M	3x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2200	−0.051%	$14K	$69K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2199	−0.100%	$8.9M	$7.6M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2201	−0.018%	$2.2M	$2.6M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2200	−0.045%	$1.0M	$1.2M	20x	as long as short
Gate SYRUP_USDTshort	+0.0100%	8h	0.2198	−0.132%	$405K	$66K	25x
MEXC SYRUP_USDT	+0.0100%	4h	0.2198	−0.136%	$2.7M	$435K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2201	−0.009%	$1.9M	$157K	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SYRUPUSDTlong	+0.0100%	4h	0.2201	long leg	$692K	$510K	20x
BingX SYRUP-USDT	+0.0100%	4h	0.2199	−0.086%	—	$6.6M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2200	−0.055%	$157K	$27K	—	as long as short
BloFin SYRUP-USDT	+0.0138%	4h	0.2199	−0.073%	$419K	$126K	50x	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2199	−0.081%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0313% / S −0.1301%	1h	0.2200	−0.060%	$2K	—	50x	as long as short