Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0049%/8h= +5.4% APRpaid last 24h —

Price spread now: Reya against Bitget−0.101%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.101% cheaper against Bitget than usual: you would sell low and buy high (spread −0.101% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 6.9 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SYRUPUSDT	0.2193	0.0100	pay 0.0050% / 4h	1m 52s	$701K	$481K	20x
Short	Reya SYRUPRUSDPERP	0.2191	0.0149	get 0.0019% / 1h	1m 52s	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ReyabpOrdersPrice spread, now −0.101%Rate

Funding earned: $10.28
Price spread: −0.101% → 0.000%: −$10.13
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$17.85
Costs to cover: 0.180%
Break-even: 19.2 days

Slippage unknown: Bitget: live order book, 34 min ago; Reya: no order-book sample. 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 Bitget live order book, 34 min ago	11.40 bp	27.7 bp −$28	94.3 bp −$943	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.2194	+0.036%	$200K	$220K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2188	−0.215%	$14K	$73K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2190	−0.140%	$8.9M	$7.2M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2192	−0.055%	$2.1M	$2.4M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2191	−0.091%	$1.0M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2191	−0.087%	$403K	$62K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2190	−0.137%	$2.9M	$413K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2193	0.000%	$1.8M	$152K	25x	as long as short
Bitget SYRUPUSDTlong	+0.0100%	4h	0.2193	long leg	$701K	$481K	20x
BingX SYRUP-USDT	+0.0100%	4h	0.2191	−0.091%	—	$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	0.2193	+0.012%	$157K	$24K	—	as long as short
BloFin SYRUP-USDT	+0.0140%	4h	0.2191	−0.100%	$417K	$134K	50x	as long as short
Reya SYRUPRUSDPERPshort	+0.0149%	1h	0.2191	−0.101%	—	—	5x
Hyperliquid SYRUP	+0.0163%	1h	0.2194	+0.064%	$5.4M	$1.8M	3x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0313% / S −0.1301%	1h	0.2191	−0.080%	$2K	—	50x	as long as short
Kraken Futures PF_SYRUPUSD	+0.1631%	1h	0.2188	−0.208%	$40K	$21K	10x	as long as short