Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Bybit+0.078%7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1471.468% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.140%−$14 · spread now +0.078%, 7d avg −0.029%

Together, before fees−0.140%−$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.108% dearer against Bybit than usual: you sell high and buy low, +$11 on $10k if it 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	Bybit SYRUPUSDT	0.2294	0.0100	pay 0.0050% / 4h	34m 04s	$2.3M	$1.9M	25x
Short	Bitget SYRUPUSDT	0.2296	0.0100	get 0.0050% / 4h	34m 04s	$667K	$440K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now +0.078%Rate

Funding earned: $0
Price spread: +0.078% → −0.029%: $10.77
Slippage, 4 orders: −$123.78
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$136.01
Costs to cover: 1.468%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Bitget: live order book, 41 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 Bybit live order book, 3 min ago	0.44 bp	47.9 bp −$48	268.9 bp −$2,689	doesn't fit	doesn't fit
Sell Bitget live order book, 41 min ago	8.68 bp	30.1 bp −$30	87.1 bp −$871	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
Lighter SYRUP	+0.0096%	1h	0.2298	+0.161%	$209K	$220K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2294	−0.008%	$13K	$62K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2293	−0.071%	$9.6M	$6.6M	25x	as long as short
Bybit SYRUPUSDTlong	+0.0100%	4h	0.2294	long leg	$2.3M	$1.9M	25x
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2293	−0.052%	$1.2M	$1.0M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2297	+0.131%	$428K	$68K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2292	−0.096%	$3.0M	$582K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2303	+0.370%	$2.0M	$108K	25x	as long as short
Bitget SYRUPUSDTshort	+0.0100%	4h	0.2296	+0.078%	$667K	$440K	20x
BingX SYRUP-USDT	+0.0100%	4h	0.2294	−0.017%	—	$6.5M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SYRUP	+0.0100%	4h	0.2298	+0.158%	$165K	$46K	—	as long as short
BloFin SYRUP-USDT	+0.0130%	4h	0.2293	−0.048%	$459K	$133K	50x	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2294	+0.001%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0330% / S −0.1447%	1h	0.2293	−0.051%	$3K	—	50x	as long as short
Kraken Futures PF_SYRUPUSD	+0.0685%	1h	0.2300	+0.236%	$41K	$23K	10x	as long as short
Hyperliquid SYRUP	+0.1210%	1h	0.2300	+0.249%	$5.8M	$1.5M	3x	as long as short