Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.003%

Price spread now: BloFin against Gate−0.065%78s7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$547as 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−$5465.461% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 3 days (all we have)−0.203%−$20 · spread now −0.065%, 7d avg −0.031%

Together, before fees−0.215%−$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.035% cheaper against Gate than usual: you would sell low and buy high (spread −0.065% now, against its 7-day average of −0.031%). If the spread goes back, that is −$3 on $10k: about 2.2 days of funding at the current rate (+$2 a day). The two prices were read 78 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	Gate SYRUP_USDT	0.2304	0.0100	pay 0.0100% / 8h	2h 45m	$431K	$64K	25x
Short	BloFin SYRUP-USDT	0.2303	0.0152	get 0.0076% / 4h	2h 45m	$474K	$131K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Gate. 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 GatebpFee BloFinbpOrdersPrice spread, now −0.065%Rate

Funding earned: $10.88
Price spread: −0.065% → −0.031%: −$3.46
Slippage, 4 orders: −$519.08
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$538.66
Costs to cover: 5.461%
Break-even: 353.6 days

Slippage from Gate: live order book, 39 min ago; BloFin: live order book, 39 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 Gate live order book, 39 min ago	14.63 bp	277.2 bp −$277	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 39 min ago	0.86 bp	17.6 bp −$18	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
Aster SYRUPUSDT	+0.0100%	4h	0.2305	+0.017%	$11K	$59K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2303	−0.035%	$9.7M	$6.2M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2303	−0.056%	$2.3M	$1.8M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2304	−0.013%	$1.2M	$965K	20x	as long as short
Gate SYRUP_USDTlong	+0.0100%	8h	0.2304	long leg	$431K	$64K	25x
MEXC SYRUP_USDT	+0.0100%	4h	0.2303	−0.056%	$3.1M	$565K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2308	+0.156%	$2.0M	$109K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2303	−0.056%	$666K	$406K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2305	+0.013%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2308	+0.139%	$165K	$48K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2304	−0.012%	—	—	5x	as long as short
BloFin SYRUP-USDTshort	+0.0152%	4h	0.2303	−0.065%	$474K	$131K	50x
Lighter SYRUP	+0.0288%	1h	0.2308	+0.156%	$209K	$225K	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0331% / S −0.1447%	1h	0.2302	−0.100%	$3K	—	50x	as long as short
Kraken Futures PF_SYRUPUSD	+0.0980%	1h	0.2305	+0.012%	$41K	$25K	10x	as long as short
Hyperliquid SYRUP	+0.1541%	1h	0.2310	+0.256%	$5.7M	$1.3M	3x	as long as short