Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1347%/8h= +147.5% APRpaid last 24h +0.490%

Price spread now: GMX against Gate−0.199%7-day average — · you buy dearer than you sell

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

Long on Gate Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. GMX is 0.199% cheaper against Gate than usual: you would sell low and buy high (spread −0.199% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 12 hours of funding at the current rate (+$40 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SYRUP_USDT	0.2297	0.0100	pay 0.0100% / 8h	29m 54s	$428K	$68K	25x
Short	GMX SYRUP/USD [ETH-USDC]	0.2292	L +0.0330% / S −0.1447%	get 0.0181% / 1h	29m 54s	$3K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.199%Rate

Funding earned: $282.92
Price spread: −0.199% → 0.000%: −$19.94
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: $235.98
Costs to cover: 0.270%
Break-even: 1.2 days

Slippage unknown: Gate: live order book, 46 min ago; GMX: no order-book sample. 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 Gate live order book, 46 min ago	18.91 bp	144.9 bp −$145	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.0049%	4h	0.2292	−0.213%	$459K	$133K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2296	−0.013%	$209K	$220K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2294	−0.126%	$13K	$62K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2292	−0.205%	$9.6M	$6.6M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2293	−0.170%	$2.3M	$1.9M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2292	−0.205%	$1.2M	$1.0M	20x	as long as short
Gate SYRUP_USDTlong	+0.0100%	8h	0.2297	long leg	$428K	$68K	25x
MEXC SYRUP_USDT	+0.0100%	4h	0.2292	−0.205%	$3.0M	$582K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2302	+0.248%	$2.0M	$108K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2296	−0.030%	$667K	$440K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SYRUP-USDT	+0.0100%	4h	0.2294	−0.126%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2295	−0.088%	$165K	$46K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2293	−0.179%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]short	L +0.0330% / S −0.1447%	1h	0.2292	−0.199%	$3K	—	50x
Kraken Futures PF_SYRUPUSD	+0.0686%	1h	0.2299	+0.100%	$41K	$23K	10x	as long as short
Hyperliquid SYRUP	+0.1446%	1h	0.2301	+0.187%	$5.9M	$1.5M	3x	as long as short