Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0231%/8h= −25.3% APRpaid last 24h −0.074%

Price spread now: OKX against GMX−0.019%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 OKX

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]	0.2311	L +0.0331% / S −0.1447%	pay 0.0041% / 1h	59m 03s	$3K	—	50x
Short	OKX SYRUP-USDT-SWAP	0.2311	0.0100	get 0.0050% / 4h	3h 59m	$1.2M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$48.52
Price spread: −0.019% → 0.000%: −$1.95
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$72.47
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago	4.33 bp	29.7 bp −$30	401.1 bp −$4,011	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	+0.0055%	4h	0.2311	−0.006%	$458K	$135K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2316	+0.205%	$211K	$217K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2310	−0.052%	$14K	$63K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2309	−0.085%	$9.6M	$6.8M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2312	+0.015%	$2.3M	$2.0M	25x	as long as short
OKX SYRUP-USDT-SWAPshort	+0.0100%	4h	0.2311	−0.019%	$1.2M	$1.1M	20x
Gate SYRUP_USDT	+0.0100%	8h	0.2310	−0.054%	$430K	$68K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2309	−0.106%	$3.0M	$578K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2321	+0.413%	$2.0M	$110K	25x	as long as short
Bitget SYRUPUSDT	+0.0100%	4h	0.2310	−0.063%	$680K	$454K	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	0.2312	+0.037%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2309	−0.104%	$166K	$46K	—	as long as short
Hyperliquid SYRUP	+0.0128%	1h	0.2315	+0.171%	$5.9M	$1.6M	3x	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2313	+0.053%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]long	L +0.0331% / S −0.1447%	1h	0.2311	long leg	$3K	—	50x
Kraken Futures PF_SYRUPUSD	+0.1559%	1h	0.2318	+0.295%	$42K	$23K	10x	as long as short