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: KuCoin against Bitget+0.121%7-day average +0.156% · you sell dearer than you buy

Net, funding: paid 7d − costs−$710as in the Funding arb table

Net, price: spread back to 7d avg − costs−$714as in the Price arb table

costs, in and out, $10k−$7107.101% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%$0 on $10k

Price spread, last 4 days (all we have)+0.240%+$24 · spread now +0.121%, 7d avg +0.156%

Together, before fees+0.245%+$24 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 0.035% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.156%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SYRUPUSDT	0.2306	0.0100	pay 0.0050% / 4h	54m 43s	$672K	$439K	20x
Short	KuCoin SYRUPUSDTM	0.2309	0.0100	get 0.0050% / 4h	54m 43s	$2.0M	$108K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.121%Rate

Funding earned: $0
Price spread: +0.121% → +0.156%: −$3.49
Slippage, 4 orders: −$686.14
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$713.63
Costs to cover: 7.101%
Break-even: never at this rate

Slippage from Bitget: live order book, 21 min ago; KuCoin: live order book, 2 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, 21 min ago	8.68 bp	26.6 bp −$27	131.6 bp −$1,316	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	30.05 bp	263.2 bp −$263	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
BloFin SYRUP-USDT	+0.0042%	4h	0.2306	+0.013%	$459K	$133K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2311	+0.234%	$210K	$220K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2305	−0.033%	$13K	$61K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2308	+0.074%	$9.6M	$6.5M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2309	+0.117%	$2.3M	$1.9M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2310	+0.173%	$1.2M	$1.0M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2304	−0.100%	$430K	$68K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2307	+0.043%	$3.0M	$581K	100x	as long as short
KuCoin SYRUPUSDTMshort	+0.0100%	4h	0.2309	+0.121%	$2.0M	$108K	25x
Bitget SYRUPUSDTlong	+0.0100%	4h	0.2306	long leg	$672K	$439K	20x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SYRUP-USDT	+0.0100%	4h	0.2307	+0.061%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2305	−0.029%	$166K	$51K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2307	+0.030%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0330% / S −0.1447%	1h	0.2305	−0.039%	$3K	—	50x	as long as short
Kraken Futures PF_SYRUPUSD	+0.0682%	1h	0.2312	+0.243%	$42K	$23K	10x	as long as short
Hyperliquid SYRUP	+0.1045%	1h	0.2313	+0.286%	$5.9M	$1.5M	3x	as long as short