Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0515%/8h= +56.3% APRpaid last 24h −0.407%

Price spread now: Binance against Kraken Futures−0.122%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 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. Binance is 0.122% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.122% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 19 hours of funding at the current rate (+$15 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SYRUPUSD	0.2210	−0.0415	get 0.0052% / 1h	56m 38s	$39K	$23K	10x
Short	Binance SYRUPUSDT	0.2208	0.0100	get 0.0050% / 4h	2h 56m	$9.0M	$7.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Kraken Futures. 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 Kraken FuturesbpFee BinancebpOrdersPrice spread, now −0.122%Rate

Funding earned: $108.05
Price spread: −0.122% → 0.000%: −$12.19
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $75.86
Costs to cover: 0.200%
Break-even: 2.1 days

Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 13 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Binance live order book, 13 min ago	0.23 bp	18.6 bp −$19	82.5 bp −$825	doesn't fit	doesn't fit

Kraken Futures: 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
Kraken Futures PF_SYRUPUSDlong	−0.0415%	1h	0.2210	long leg	$39K	$23K	10x
BloFin SYRUP-USDT	+0.0047%	4h	0.2204	−0.298%	$424K	$128K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2211	+0.037%	$205K	$219K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2205	−0.218%	$14K	$68K	10x	as long as short
Binance SYRUPUSDTshort	+0.0100%	4h	0.2208	−0.122%	$9.0M	$7.5M	25x
Bybit SYRUPUSDT	+0.0100%	4h	0.2209	−0.045%	$2.2M	$2.2M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2207	−0.149%	$1.0M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2203	−0.339%	$405K	$64K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2206	−0.194%	$2.8M	$422K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2210	−0.018%	$1.8M	$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	0.2209	−0.058%	$698K	$511K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2207	−0.144%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2202	−0.384%	$157K	$27K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2209	−0.042%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0314% / S −0.1301%	1h	0.2209	−0.037%	$2K	—	50x	as long as short
Hyperliquid SYRUP	+0.0325%	1h	0.2211	+0.023%	$5.4M	$1.9M	3x	as long as short