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: Variational Omni against Bybit+0.906%7-day average +0.026% · you sell dearer than you buy

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.812%−$81 · spread now +0.906%, 7d avg +0.026%

Together, before fees−0.812%+ Points / potential airdropVariational Omni: Active · farm board−$81 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: Variational Omni is 0.879% dearer against Bybit than usual: you sell high and buy low, +$88 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SYRUPUSDT	0.2306	0.0100	pay 0.0050% / 4h	2h 52m	$2.3M	$1.8M	25x
Short	Variational Omni SYRUP	0.2327	0.0100	get 0.0050% / 4h	2h 52m	$167K	$48K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.906%Rate

Funding earned: $0
Price spread: +0.906% → +0.026%: $87.92
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $76.92
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Bybit: live order book, 5 min ago; Variational Omni: RFQ quote, 36 min ago. 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 Bybit live order book, 5 min ago	2.15 bp	40.8 bp −$41	171.3 bp −$1,713	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 36 min ago	6.43 bp	doesn't fit	177.9 bp −$1,779	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
BloFin SYRUP-USDT	+0.0077%	4h	0.2319	+0.568%	$475K	$132K	50x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2311	+0.185%	$11K	$59K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2304	−0.087%	$9.7M	$6.2M	25x	as long as short
Bybit SYRUPUSDTlong	+0.0100%	4h	0.2306	long leg	$2.3M	$1.8M	25x
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2306	−0.017%	$1.2M	$969K	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2309	+0.117%	$432K	$64K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2306	−0.017%	$3.1M	$565K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2319	+0.525%	$2.0M	$109K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2305	−0.061%	$666K	$409K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2310	+0.143%	—	$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 SYRUPshort	+0.0100%	4h	0.2327	+0.906%	$167K	$48K	—
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2309	+0.093%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0331% / S −0.1447%	1h	0.2308	+0.068%	$3K	—	50x	as long as short
Lighter SYRUP	+0.0632%	1h	0.2309	+0.134%	$209K	$225K	5x	as long as short
Kraken Futures PF_SYRUPUSD	+0.0980%	1h	0.2305	−0.077%	$41K	$25K	10x	as long as short
Hyperliquid SYRUP	+0.1387%	1h	0.2312	+0.260%	$5.8M	$1.3M	3x	as long as short