Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0231%/8h= −25.2% APRpaid last 24h −0.075%

Price spread now: Binance against GMX−0.010%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Binance

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SYRUP/USD [ETH-USDC]	0.2306	L +0.0331% / S −0.1447%	pay 0.0041% / 1h	42m 56s	$3K	—	50x
Short	Binance SYRUPUSDT	0.2305	0.0100	get 0.0050% / 4h	1h 42m	$9.7M	$6.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against GMX. 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 GMXbpFee BinancebpOrdersPrice spread, now −0.010%Rate

Funding earned: −$48.41
Price spread: −0.010% → 0.000%: −$0.96
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$71.38
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Binance: live order book, 12 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Binance live order book, 12 min ago	1.30 bp	30.5 bp −$31	104.6 bp −$1,046	doesn't fit	doesn't fit

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	+0.0087%	4h	0.2306	+0.009%	$466K	$133K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2309	+0.160%	$209K	$225K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2305	−0.010%	$12K	$61K	10x	as long as short
Binance SYRUPUSDTshort	+0.0100%	4h	0.2305	−0.010%	$9.7M	$6.5M	25x
Bybit SYRUPUSDT	+0.0100%	4h	0.2306	−0.004%	$2.3M	$1.9M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2305	−0.026%	$1.2M	$992K	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2306	+0.004%	$430K	$67K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2303	−0.113%	$3.1M	$560K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2312	+0.286%	$2.0M	$107K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2305	−0.026%	$678K	$432K	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	0.2304	−0.048%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2305	−0.007%	$166K	$51K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2306	+0.020%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]long	L +0.0331% / S −0.1447%	1h	0.2306	long leg	$3K	—	50x
Hyperliquid SYRUP	+0.0477%	1h	0.2310	+0.201%	$5.9M	$1.5M	3x	as long as short
Kraken Futures PF_SYRUPUSD	+0.1421%	1h	0.2307	+0.059%	$42K	$23K	10x	as long as short