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: MEXC against Gate−0.222%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$491as in the Funding arb table

Net, price: spread back to 7d avg − costs−$510as in the Price arb table

costs, in and out, $10k−$4904.901% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 4 days (all we have)+0.118%+$12 · spread now −0.222%, 7d avg −0.026%

Together, before fees+0.104%+$10 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: MEXC is 0.196% cheaper against Gate than usual: you would sell low and buy high, −$20 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	Gate SYRUP_USDT	0.2211	0.0100	pay 0.0100% / 8h	4h 02m	$408K	$70K	25x
Short	MEXC SYRUP_USDT	0.2206	0.0100	get 0.0050% / 4h	2m 46s	$2.8M	$426K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.222%Rate

Funding earned: $0
Price spread: −0.222% → −0.026%: −$19.58
Slippage, 4 orders: −$467.11
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$509.69
Costs to cover: 4.901%
Break-even: never at this rate

Slippage from Gate: live order book, 53 min ago; MEXC: live order book, 4 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, 53 min ago	15.53 bp	100.9 bp −$101	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	2.27 bp	8.2 bp −$8	59.8 bp −$598	283.5 bp −$28.4K	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	−0.0806%	1h	0.2209	−0.080%	$40K	$22K	10x	as long as short
BloFin SYRUP-USDT	+0.0052%	4h	0.2207	−0.167%	$427K	$128K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2210	−0.032%	$204K	$219K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2208	−0.113%	$14K	$69K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2207	−0.190%	$9.0M	$7.3M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2208	−0.145%	$2.1M	$2.1M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2207	−0.176%	$1.1M	$1.1M	20x	as long as short
Gate SYRUP_USDTlong	+0.0100%	8h	0.2211	long leg	$408K	$70K	25x
MEXC SYRUP_USDTshort	+0.0100%	4h	0.2206	−0.222%	$2.8M	$426K	100x
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2212	+0.063%	$1.9M	$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	0.2210	−0.041%	$697K	$508K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2208	−0.154%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2206	−0.232%	$158K	$32K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2208	−0.137%	—	—	5x	as long as short
Hyperliquid SYRUP	+0.0175%	1h	0.2212	+0.054%	$5.4M	$1.9M	3x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0328% / S −0.1447%	1h	0.2209	−0.108%	$3K	—	50x	as long as short