Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against KuCoin−0.345%7-day average −0.166% · you buy dearer than you sell

Net, funding: paid 7d − costs−$476as in the Funding arb table

Net, price: spread back to 7d avg − costs−$493as in the Price arb table

costs, in and out, $10k−$4754.755% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%$0 on $10k

Price spread, last 7 days+0.200%+$20 · spread now −0.345%, 7d avg −0.166%

Together, before fees+0.196%+$20 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.179% cheaper against KuCoin than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.166%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SYRUPUSDTM	0.2321	0.0100	pay 0.0050% / 4h	3h 59m	$2.0M	$110K	25x
Short	BingX SYRUP-USDT	0.2313	0.0100	get 0.0050% / 4h	3h 59m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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 KuCoinbpFee BingXbpOrdersPrice spread, now −0.345%Rate

Funding earned: $0
Price spread: −0.345% → −0.166%: −$17.87
Slippage, 4 orders: −$453.48
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$493.35
Costs to cover: 4.755%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; BingX: live order book, 11 min ago.

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 KuCoin live order book, 7 min ago	17.92 bp	198.2 bp −$198	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 11 min ago	5.63 bp	17.9 bp −$18	84.4 bp −$844	618.8 bp −$61.9K	1221.5 bp −$610.8K

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	+0.0044%	4h	0.2309	−0.495%	$457K	$135K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2317	−0.190%	$211K	$217K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2312	−0.407%	$14K	$63K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2311	−0.434%	$9.6M	$6.8M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2314	−0.319%	$2.3M	$2.0M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2313	−0.345%	$1.2M	$1.1M	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2310	−0.457%	$430K	$68K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2311	−0.431%	$3.0M	$578K	100x	as long as short
KuCoin SYRUPUSDTMlong	+0.0100%	4h	0.2321	long leg	$2.0M	$110K	25x
Bitget SYRUPUSDT	+0.0100%	4h	0.2311	−0.431%	$681K	$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-USDTshort	+0.0100%	4h	0.2313	−0.345%	—	$6.5M	—
Variational Omni SYRUP	+0.0100%	4h	0.2309	−0.515%	$166K	$46K	—	as long as short
Hyperliquid SYRUP	+0.0124%	1h	0.2316	−0.213%	$5.9M	$1.6M	3x	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2313	−0.359%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0331% / S −0.1447%	1h	0.2311	−0.442%	$3K	—	50x	as long as short
Kraken Futures PF_SYRUPUSD	+0.0680%	1h	0.2317	−0.169%	$42K	$23K	10x	as long as short