Funding you earn now, next payment 00:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.06 per $10,000 · paid last 24h −0.003%
Price spread now: Binance against BloFin+0.222%91s7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1091.089% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 3 days (all we have)−0.162%−$16 · spread now +0.222%, 7d avg +0.009%
=The price spread pays, funding is against you. Binance is 0.213% dearer against BloFin than usual: you sell high and buy low (spread +0.222% now, against its 7-day average of +0.009%): +$21 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 2 months. At the pace of the last 7 days (−0.001% in total) that is about years. The two prices were read 91 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SYRUP-USDT | 0.2299 | 0.0111 | pay 0.0056% / 4h | 1h 21m | $462K | $132K | 50x |
| Short | Binance SYRUPUSDT | 0.2304 | 0.0100 | get 0.0050% / 4h | 1h 21m | $9.7M | $6.5M | 25x |
BloFin SYRUP-USDT
Binance SYRUPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$2.39
- Price spread: +0.222% → +0.009%
- $21.31
- Slippage, 4 orders
- −$86.89
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$89.97
- Costs to cover
- 1.089%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 59 min ago; Binance: 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 BloFin live order book, 59 min ago | 2.79 bp | 29.2 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 1.09 bp | 31.5 bp −$31 | 98.5 bp −$985 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter SYRUP | +0.0096% | 1h | 0.2308 | +0.409% | $209K | $225K | 5x | as long as short |
| Aster SYRUPUSDT | +0.0100% | 4h | 0.2301 | +0.107% | $12K | $61K | 10x | as long as short |
| Binance SYRUPUSDTshort | +0.0100% | 4h | 0.2304 | +0.222% | $9.7M | $6.5M | 25x | |
| Bybit SYRUPUSDT | +0.0100% | 4h | 0.2305 | +0.252% | $2.3M | $1.9M | 25x | as long as short |
| OKX SYRUP-USDT-SWAP | +0.0100% | 4h | 0.2304 | +0.226% | $1.2M | $999K | 20x | as long as short |
| Gate SYRUP_USDT | +0.0100% | 8h | 0.2301 | +0.074% | $429K | $67K | 25x | as long as short |
| MEXC SYRUP_USDT | +0.0100% | 4h | 0.2305 | +0.270% | $3.0M | $577K | 100x | as long as short |
| KuCoin SYRUPUSDTM | +0.0100% | 4h | 0.2311 | +0.513% | $2.0M | $109K | 25x | as long as short |
| Bitget SYRUPUSDT | +0.0100% | 4h | 0.2304 | +0.226% | $672K | $439K | 20x | as long as short |
| BingX SYRUP-USDT | +0.0100% | 4h | 0.2304 | +0.209% | — | $6.5M | — | as long as short |
Lighter SYRUP
Aster SYRUPUSDT
Bybit SYRUPUSDT
OKX SYRUP-USDT-SWAP
Gate SYRUP_USDT
MEXC SYRUP_USDT
KuCoin SYRUPUSDTM
Bitget SYRUPUSDT
BingX SYRUP-USDTShow 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 | +0.085% | $165K | $51K | — | as long as short |
| BloFin SYRUP-USDTlong | +0.0111% | 4h | 0.2299 | long leg | $462K | $132K | 50x | |
| Reya SYRUPRUSDPERP | +0.0149% | 1h | 0.2301 | +0.100% | — | — | 5x | as long as short |
| GMX SYRUP/USD [ETH-USDC] | L +0.0330% / S −0.1447% | 1h | 0.2300 | +0.062% | $3K | — | 50x | as long as short |
| Hyperliquid SYRUP | +0.0954% | 1h | 0.2309 | +0.435% | $5.9M | $1.5M | 3x | as long as short |
| Kraken Futures PF_SYRUPUSD | +0.1424% | 1h | 0.2302 | +0.149% | $41K | $23K | 10x | as long as short |
Variational Omni SYRUP
Reya SYRUPRUSDPERP
GMX SYRUP/USD [ETH-USDC]
Hyperliquid SYRUP
Kraken Futures PF_SYRUPUSD