Settings8H · net · $10k
Funding arb · Price arb /

SYRUP

all SYRUP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.1136%/8h= +124.4% APRpaid last 24h +0.189%
Price spread now: Hyperliquid against BloFin+0.353%7-day average +0.251% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.469%+$47 on $10k
Price spread, last 3 days (all we have)−0.095%−$9 · spread now +0.353%, 7d avg +0.251%
Together, before fees+0.374%+ Points / potential airdropHyperliquid: Season 2 · farm board+$37 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$34 a day on $10k at the current rate, and Hyperliquid is 0.102% dearer against BloFin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.251%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.469% in total (about 24.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin SYRUP-USDT0.22930.0117pay 0.0058% / 4h33m 19s$459K$133K50x
ShortHyperliquid SYRUP0.23010.1253get 0.0157% / 1h33m 19s$5.9M$1.5M3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$238.63
Price spread: +0.353% → +0.251%
$10.23
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$227.86
Costs to cover
0.210%
Break-even
0.3 days
Slippage unknown: BloFin: live order book, 42 min ago; Hyperliquid: live order book, 9 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 42 min ago0.44 bp23.3 bp −$23doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 9 min ago1.52 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

SYRUP on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter SYRUP+0.0096%1h0.2298+0.218%$209K$220K5xas long as short
Aster SYRUPUSDT+0.0100%4h0.2294+0.042%$13K$62K10xas long as short
Binance SYRUPUSDT+0.0100%4h0.2294+0.065%$9.6M$6.6M25xas long as short
Bybit SYRUPUSDT+0.0100%4h0.2295+0.087%$2.3M$1.9M25xas long as short
OKX SYRUP-USDT-SWAP+0.0100%4h0.2294+0.044%$1.2M$1.0M20xas long as short
Gate SYRUP_USDT+0.0100%8h0.2297+0.183%$428K$68K25xas long as short
MEXC SYRUP_USDT+0.0100%4h0.2294+0.044%$3.0M$582K100xas long as short
KuCoin SYRUPUSDTM+0.0100%4h0.2303+0.423%$2.0M$108K25xas long as short
Bitget SYRUPUSDT+0.0100%4h0.2296+0.131%$667K$440K20xas long as short
BingX SYRUP-USDT+0.0100%4h0.2295+0.087%$6.5Mas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni SYRUP+0.0100%4h0.2298+0.211%$165K$46Kas long as short
BloFin SYRUP-USDTlong+0.0117%4h0.2293long leg$459K$133K50x
Reya SYRUPRUSDPERP+0.0149%1h0.2295+0.097%5xas long as short
GMX SYRUP/USD [ETH-USDC]L +0.0330% / S −0.1447%1h0.2293+0.008%$3K50xas long as short
Kraken Futures PF_SYRUPUSD+0.0687%1h0.2293+0.022%$41K$23K10xas long as short
Hyperliquid SYRUPshort+0.1253%1h0.2301+0.353%$5.9M$1.5M3x