Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bybit against Gate+0.108%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$543as in the Funding arb table

Net, price: spread back to 7d avg − costs−$537as in the Price arb table

costs, in and out, $10k−$5435.433% of the position

Long on Gate Short on Bybit

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)−0.006%−$1 · spread now +0.108%, 7d avg +0.046%

Together, before fees−0.003%$0 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: Bybit is 0.062% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SYRUP_USDT	0.2221	0.0100	pay 0.0100% / 8h	4h 54m	$411K	$69K	25x
Short	Bybit SYRUPUSDT	0.2224	0.0100	get 0.0050% / 4h	54m 35s	$2.2M	$2.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.108%Rate

Funding earned: $0
Price spread: +0.108% → +0.046%: $6.17
Slippage, 4 orders: −$517.34
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$537.17
Costs to cover: 5.433%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Bybit: live order book, 2 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, 1 min ago	15.53 bp	100.9 bp −$101	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	2.25 bp	33.7 bp −$34	192.1 bp −$1,921	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	−0.0800%	1h	0.2226	+0.210%	$40K	$24K	10x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2226	+0.207%	$205K	$218K	5x	as long as short
Hyperliquid SYRUP	+0.0100%	1h	0.2226	+0.203%	$5.5M	$1.8M	3x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2225	+0.159%	$14K	$68K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2222	+0.036%	$9.1M	$7.1M	25x	as long as short
Bybit SYRUPUSDTshort	+0.0100%	4h	0.2224	+0.108%	$2.2M	$2.1M	25x
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2225	+0.158%	$1.1M	$1.1M	20x	as long as short
Gate SYRUP_USDTlong	+0.0100%	8h	0.2221	long leg	$411K	$69K	25x
MEXC SYRUP_USDT	+0.0100%	4h	0.2222	+0.023%	$2.8M	$422K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2230	+0.374%	$1.9M	$152K	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	0.2223	+0.068%	$702K	$507K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2223	+0.059%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2226	+0.200%	$159K	$32K	—	as long as short
BloFin SYRUP-USDT	+0.0134%	4h	0.2224	+0.113%	$438K	$129K	50x	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2223	+0.051%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0329% / S −0.1447%	1h	0.2223	+0.072%	$3K	—	50x	as long as short