Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−1.3669%/8h= −1496.7% APRpaid last 24h −0.489%

Price spread now: MEXC against Kraken Futures+0.208%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on MEXC

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 pays, funding is against you. MEXC is 0.208% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.208% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$410 a day in funding at the current rate, which eats that in about 1 hour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SYRUPUSD	0.2169	1.3769	pay 0.1721% / 1h	48m 54s	$42K	$19K	10x
Short	MEXC SYRUP_USDT	0.2174	0.0100	get 0.0050% / 4h	48m 54s	$3.0M	$396K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 MEXCbpOrdersPrice spread, now +0.208%Rate

Funding earned: −$2,870.4
Price spread: +0.208% → 0.000%: $20.79
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$2,867.6
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Kraken Futures: no order-book sample; MEXC: live order book, 1 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 MEXC live order book, 1 min ago	2.30 bp	9.2 bp −$9	62.8 bp −$628	283.1 bp −$28.3K	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 exchanges

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	+0.0056%	4h	0.2173	+0.162%	$408K	$152K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2178	+0.397%	$198K	$177K	5x	as long as short
Hyperliquid SYRUP	+0.0100%	1h	0.2178	+0.397%	$5.5M	$1.6M	3x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2174	+0.199%	$16K	$36K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2175	+0.240%	$8.7M	$6.6M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2175	+0.268%	$2.1M	$2.3M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2175	+0.254%	$1.0M	$954K	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2176	+0.309%	$399K	$53K	25x	as long as short
MEXC SYRUP_USDTshort	+0.0100%	4h	0.2174	+0.208%	$3.0M	$396K	100x
KuCoin SYRUPUSDTM	+0.0100%	4h	0.2176	+0.300%	$1.8M	$121K	25x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SYRUPUSDT	+0.0100%	4h	0.2175	+0.254%	$682K	$451K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2176	+0.282%	—	$6.6M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2174	+0.209%	$157K	$20K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2176	+0.295%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0339% / S −0.1589%	1h	0.2176	+0.283%	$3K	—	50x	as long as short
Kraken Futures PF_SYRUPUSDlong	+1.3769%	1h	0.2169	long leg	$42K	$19K	10x