Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against Bybit−0.291%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$503as in the Funding arb table

Net, price: spread back to 7d avg − costs−$527as in the Price arb table

costs, in and out, $10k−$5025.025% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.325%+$32 · spread now −0.291%, 7d avg −0.047%

Together, before fees+0.322%+$32 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: Gate is 0.244% cheaper against Bybit than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SYRUPUSDT	0.2198	0.0100	pay 0.0050% / 4h	2h 42m	$2.2M	$2.4M	25x
Short	Gate SYRUP_USDT	0.2192	0.0100	get 0.0100% / 8h	2h 42m	$404K	$65K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.291%Rate

Funding earned: $0
Price spread: −0.291% → −0.047%: −$24.41
Slippage, 4 orders: −$476.49
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$526.9
Costs to cover: 5.025%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 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 Bybit live order book, 4 min ago	3.40 bp	33.6 bp −$34	166.9 bp −$1,669	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	16.60 bp	264.6 bp −$265	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	−0.0418%	1h	0.2192	−0.290%	$39K	$24K	10x	as long as short
BloFin SYRUP-USDT	+0.0077%	4h	0.2194	−0.196%	$421K	$126K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2202	+0.159%	$205K	$219K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2198	−0.011%	$14K	$68K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2198	−0.005%	$8.9M	$7.6M	25x	as long as short
Bybit SYRUPUSDTlong	+0.0100%	4h	0.2198	long leg	$2.2M	$2.4M	25x
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2198	−0.014%	$1.0M	$1.1M	20x	as long as short
Gate SYRUP_USDTshort	+0.0100%	8h	0.2192	−0.291%	$404K	$65K	25x
MEXC SYRUP_USDT	+0.0100%	4h	0.2198	−0.014%	$2.8M	$423K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2202	+0.164%	$1.8M	$151K	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SYRUPUSDT	+0.0100%	4h	0.2199	+0.032%	$693K	$514K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2199	+0.014%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2202	+0.146%	$157K	$27K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2198	−0.027%	—	—	5x	as long as short
Hyperliquid SYRUP	+0.0309%	1h	0.2203	+0.215%	$5.4M	$1.9M	3x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0313% / S −0.1301%	1h	0.2193	−0.222%	$2K	—	50x	as long as short