SYRUP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0015%/8h= −1.6% APRnext payment −$0.07 per $10,000 · paid last 24h −0.002%

Price spread now: Bybit against BloFin−0.176%72s7-day average +0.085% · you buy dearer than you sell

Net, funding: paid 7d − costs−$134as 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−$1361.359% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)+0.287%+$29 · spread now −0.176%, 7d avg +0.085%

Together, before fees+0.304%+$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Bybit is 0.260% cheaper against BloFin than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of +0.085%). Swap the legs. The two prices were read 72 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	0.2217	0.0115	pay 0.0057% / 4h	28m 03s	$431K	$129K	50x
Short	Bybit SYRUPUSDT	0.2213	0.0100	get 0.0050% / 4h	28m 03s	$2.2M	$2.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. 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 BloFinbpFee BybitbpOrdersPrice spread, now −0.176%Rate

Funding earned: −$3.14
Price spread: −0.176% → +0.085%: −$26.05
Slippage, 4 orders: −$112.86
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$165.04
Costs to cover: 1.359%
Break-even: never at this rate

Slippage from BloFin: live order book, 8 min ago; Bybit: live order book, 4 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, 8 min ago	0.23 bp	26.9 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.80 bp	38.6 bp −$39	175.5 bp −$1,755	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	−0.0803%	1h	0.2217	−0.018%	$40K	$24K	10x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2216	−0.059%	$205K	$219K	5x	as long as short
Hyperliquid SYRUP	+0.0100%	1h	0.2217	−0.009%	$5.5M	$1.9M	3x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2214	−0.154%	$14K	$69K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2212	−0.235%	$9.0M	$7.3M	25x	as long as short
Bybit SYRUPUSDTshort	+0.0100%	4h	0.2213	−0.176%	$2.2M	$2.1M	25x
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2215	−0.099%	$1.1M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2212	−0.244%	$408K	$70K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2212	−0.235%	$2.8M	$425K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2220	+0.113%	$1.9M	$152K	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SYRUPUSDT	+0.0100%	4h	0.2213	−0.189%	$699K	$508K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2215	−0.122%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2216	−0.074%	$158K	$31K	—	as long as short
BloFin SYRUP-USDTlong	+0.0115%	4h	0.2217	long leg	$431K	$129K	50x
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2216	−0.073%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0329% / S −0.1447%	1h	0.2215	−0.102%	$3K	—	50x	as long as short