Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1576%/8h= +172.6% APRpaid last 24h +0.402%

Price spread now: Kraken Futures against BloFin−0.260%57s7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Kraken Futures is 0.260% cheaper against BloFin than usual: you would sell low and buy high (spread −0.260% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$26 on $10k: about 13 hours of funding at the current rate (+$47 a day). The two prices were read 57 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	0.2200	0.0050	pay 0.0025% / 4h	38m 22s	$418K	$138K	50x
Short	Kraken Futures PF_SYRUPUSD	0.2194	0.1627	get 0.0203% / 1h	38m 22s	$40K	$23K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.260%Rate

Funding earned: $331.06
Price spread: −0.260% → 0.000%: −$26
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $283.06
Costs to cover: 0.220%
Break-even: 1.0 days

Slippage unknown: BloFin: live order book, 42 min ago; Kraken Futures: 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 BloFin live order book, 42 min ago	2.49 bp	17.0 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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
BloFin SYRUP-USDTlong	+0.0050%	4h	0.2200	long leg	$418K	$138K	50x
Lighter SYRUP	+0.0096%	1h	0.2202	+0.091%	$201K	$220K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2197	−0.127%	$14K	$73K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2194	−0.236%	$8.9M	$7.3M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2195	−0.218%	$2.1M	$2.5M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2195	−0.205%	$1.0M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2200	+0.036%	$404K	$62K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2193	−0.296%	$2.9M	$411K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2206	+0.309%	$1.9M	$154K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2198	−0.068%	$698K	$490K	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	0.2195	−0.191%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2202	+0.124%	$157K	$24K	—	as long as short
Hyperliquid SYRUP	+0.0127%	1h	0.2199	−0.022%	$5.4M	$1.9M	3x	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2194	−0.250%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0313% / S −0.1301%	1h	0.2195	−0.223%	$2K	—	50x	as long as short
Kraken Futures PF_SYRUPUSDshort	+0.1627%	1h	0.2194	−0.260%	$40K	$23K	10x