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% APRpaid last 24h 0.000%

Price spread now: OKX against Gate−0.087%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$382as in the Funding arb table

Net, price: spread back to 7d avg − costs−$393as in the Price arb table

costs, in and out, $10k−$3823.820% of the position

Long on Gate Short on OKX

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)−0.085%−$8 · spread now −0.087%, 7d avg +0.024%

Together, before fees−0.082%−$8 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: OKX is 0.111% cheaper against Gate than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SYRUP_USDT	0.2310	0.0100	pay 0.0100% / 8h	1h 53m	$431K	$66K	25x
Short	OKX SYRUP-USDT-SWAP	0.2308	0.0100	get 0.0050% / 4h	1h 53m	$1.2M	$991K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.087%Rate

Funding earned: $0
Price spread: −0.087% → +0.024%: −$11.08
Slippage, 4 orders: −$357.02
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$393.1
Costs to cover: 3.820%
Break-even: never at this rate

Slippage from Gate: live order book, 27 min ago; OKX: live order book, 3 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, 27 min ago	25.73 bp	196.4 bp −$196	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	2.16 bp	33.1 bp −$33	462.8 bp −$4,628	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	+0.0092%	4h	0.2307	−0.113%	$467K	$133K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2313	+0.108%	$210K	$225K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2309	−0.030%	$12K	$61K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2306	−0.152%	$9.7M	$6.4M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2308	−0.065%	$2.3M	$1.9M	25x	as long as short
OKX SYRUP-USDT-SWAPshort	+0.0100%	4h	0.2308	−0.087%	$1.2M	$991K	20x
Gate SYRUP_USDTlong	+0.0100%	8h	0.2310	long leg	$431K	$66K	25x
MEXC SYRUP_USDT	+0.0100%	4h	0.2307	−0.130%	$3.1M	$560K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2310	−0.004%	$2.0M	$107K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2307	−0.130%	$681K	$430K	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	0.2308	−0.100%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2310	+0.017%	$166K	$51K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2308	−0.083%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0331% / S −0.1447%	1h	0.2306	−0.162%	$3K	—	50x	as long as short
Hyperliquid SYRUP	+0.0394%	1h	0.2312	+0.082%	$5.9M	$1.5M	3x	as long as short
Kraken Futures PF_SYRUPUSD	+0.1420%	1h	0.2309	−0.041%	$42K	$24K	10x	as long as short