Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0518%/8h= +56.7% APRpaid last 24h −0.401%

Price spread now: Bitget against Kraken Futures−0.003%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 Bitget

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$16 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SYRUPUSD	0.2191	−0.0418	get 0.0052% / 1h	23m 36s	$39K	$24K	10x
Short	Bitget SYRUPUSDT	0.2191	0.0100	get 0.0050% / 4h	2h 23m	$690K	$513K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.003%Rate

Funding earned: $108.81
Price spread: −0.003% → 0.000%: −$0.31
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $86.5
Costs to cover: 0.220%
Break-even: 1.4 days

Slippage unknown: Kraken Futures: no order-book sample; Bitget: live order book, 22 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 Bitget live order book, 22 min ago	9.09 bp	24.3 bp −$24	85.5 bp −$855	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	−0.0418%	1h	0.2191	long leg	$39K	$24K	10x
BloFin SYRUP-USDT	+0.0056%	4h	0.2183	−0.359%	$419K	$124K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2193	+0.070%	$204K	$220K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2186	−0.246%	$14K	$69K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2189	−0.107%	$8.9M	$7.6M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2191	−0.008%	$2.1M	$2.6M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2190	−0.049%	$1.0M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2188	−0.154%	$403K	$66K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2189	−0.094%	$2.8M	$425K	100x	as long as short
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2197	+0.262%	$1.9M	$155K	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SYRUPUSDTshort	+0.0100%	4h	0.2191	−0.003%	$690K	$513K	20x
BingX SYRUP-USDT	+0.0100%	4h	0.2190	−0.062%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2183	−0.376%	$156K	$27K	—	as long as short
Hyperliquid SYRUP	+0.0140%	1h	0.2193	+0.065%	$5.4M	$1.9M	3x	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2188	−0.157%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0313% / S −0.1301%	1h	0.2189	−0.108%	$2K	—	50x	as long as short