Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.003%

Price spread now: Gate against BloFin+0.122%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$509as in the Funding arb table

Net, price: spread back to 7d avg − costs−$501as in the Price arb table

costs, in and out, $10k−$5105.104% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 3 days (all we have)+0.106%+$11 · spread now +0.122%, 7d avg +0.029%

Together, before fees+0.118%+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Gate is 0.093% dearer against BloFin than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SYRUP-USDT	0.2295	0.0050	pay 0.0025% / 4h	1h 12m	$460K	$132K	50x
Short	Gate SYRUP_USDT	0.2298	0.0100	get 0.0100% / 8h	1h 12m	$429K	$67K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.122%Rate

Funding earned: $10.47
Price spread: +0.122% → +0.029%: $9.26
Slippage, 4 orders: −$483.42
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$490.69
Costs to cover: 5.104%
Break-even: 335.0 days

Slippage from BloFin: live order book, 3 min ago; Gate: 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, 3 min ago	0.44 bp	23.3 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	18.91 bp	319.4 bp −$319	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-USDTlong	+0.0050%	4h	0.2295	long leg	$460K	$132K	50x
Lighter SYRUP	+0.0096%	1h	0.2301	+0.261%	$209K	$225K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2297	+0.084%	$13K	$61K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2296	+0.078%	$9.6M	$6.5M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2298	+0.135%	$2.3M	$1.9M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2296	+0.057%	$1.2M	$996K	20x	as long as short
Gate SYRUP_USDTshort	+0.0100%	8h	0.2298	+0.122%	$429K	$67K	25x
MEXC SYRUP_USDT	+0.0100%	4h	0.2297	+0.100%	$3.0M	$579K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2299	+0.209%	$2.0M	$109K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2299	+0.187%	$670K	$440K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SYRUP-USDT	+0.0100%	4h	0.2298	+0.144%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2302	+0.308%	$166K	$51K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2298	+0.141%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0330% / S −0.1447%	1h	0.2296	+0.071%	$3K	—	50x	as long as short
Hyperliquid SYRUP	+0.0915%	1h	0.2302	+0.301%	$5.8M	$1.5M	3x	as long as short
Kraken Futures PF_SYRUPUSD	+0.1425%	1h	0.2300	+0.225%	$41K	$23K	10x	as long as short