SYRUP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.17 per $10,000 · paid last 24h +0.003%

Price spread now: KuCoin against BloFin+0.082%80s7-day average +0.206% · you sell dearer than you buy

Net, funding: paid 7d − costs−$602as 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−$6046.043% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 4 days (all we have)+0.157%+$16 · spread now +0.082%, 7d avg +0.206%

Together, before fees+0.181%+$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.125% cheaper against BloFin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.206%). Swap the legs. The two prices were read 80 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	0.2206	0.0133	pay 0.0067% / 4h	2h 51m	$422K	$128K	50x
Short	KuCoin SYRUPUSDTM	0.2208	0.0100	get 0.0050% / 4h	2h 51m	$1.8M	$151K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.082%Rate

Funding earned: −$6.98
Price spread: +0.082% → +0.206%: −$12.47
Slippage, 4 orders: −$580.33
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$623.79
Costs to cover: 6.043%
Break-even: never at this rate

Slippage from BloFin: live order book, 39 min ago; KuCoin: live order book, 9 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, 39 min ago	0.45 bp	11.5 bp −$11	44.0 bp −$440	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	29.01 bp	416.7 bp −$417	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
Kraken Futures PF_SYRUPUSD	−0.0415%	1h	0.2208	+0.085%	$39K	$23K	10x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2210	+0.186%	$205K	$219K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2206	+0.001%	$14K	$68K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2206	0.000%	$9.0M	$7.5M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2207	+0.027%	$2.2M	$2.2M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2204	−0.086%	$1.0M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2204	−0.073%	$406K	$64K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2205	−0.041%	$2.8M	$423K	100x	as long as short
KuCoin SYRUPUSDTMshort	+0.0100%	4h	0.2208	+0.082%	$1.8M	$151K	25x
Bitget SYRUPUSDT	+0.0100%	4h	0.2208	+0.095%	$697K	$511K	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	0.2206	+0.014%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2210	+0.198%	$157K	$27K	—	as long as short
BloFin SYRUP-USDTlong	+0.0133%	4h	0.2206	long leg	$422K	$128K	50x
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2206	+0.026%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0314% / S −0.1301%	1h	0.2206	+0.012%	$2K	—	50x	as long as short
Hyperliquid SYRUP	+0.0385%	1h	0.2210	+0.195%	$5.4M	$1.9M	3x	as long as short