Funding arb · Price arb /

SYRUP

all SYRUP markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bybit against KuCoin−0.391%7-day average −0.134% · you buy dearer than you sell

Net, funding: paid 7d − costs−$745as in the Funding arb table

Net, price: spread back to 7d avg − costs−$770as in the Price arb table

costs, in and out, $10k−$7457.446% of the position

Long on KuCoin Short on Bybit

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+0.261%+$26 · spread now −0.391%, 7d avg −0.134%

Together, before fees+0.256%+$26 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: Bybit is 0.257% cheaper against KuCoin than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of −0.134%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SYRUPUSDTM	0.2303	0.0100	pay 0.0050% / 4h	1h 09m	$2.0M	$109K	25x
Short	Bybit SYRUPUSDT	0.2294	0.0100	get 0.0050% / 4h	1h 09m	$2.3M	$1.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.391%Rate

Funding earned: $0
Price spread: −0.391% → −0.134%: −$25.68
Slippage, 4 orders: −$721.58
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$770.26
Costs to cover: 7.446%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Bybit: live order book, 3 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, 2 min ago	18.88 bp	204.4 bp −$204	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.52 bp	42.2 bp −$42	163.4 bp −$1,634	doesn't fit	doesn't fit

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	+0.0070%	4h	0.2292	−0.456%	$461K	$132K	50x	as long as short
Lighter SYRUP	+0.0096%	1h	0.2297	−0.235%	$208K	$225K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2293	−0.425%	$12K	$61K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2293	−0.425%	$9.6M	$6.5M	25x	as long as short
Bybit SYRUPUSDTshort	+0.0100%	4h	0.2294	−0.391%	$2.3M	$1.9M	25x
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2294	−0.378%	$1.2M	$997K	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2295	−0.317%	$428K	$67K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2292	−0.465%	$3.0M	$588K	100x	as long as short
KuCoin SYRUPUSDTMlong	+0.0100%	4h	0.2303	long leg	$2.0M	$109K	25x
Bitget SYRUPUSDT	+0.0100%	4h	0.2295	−0.334%	$669K	$440K	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	0.2294	−0.356%	—	$6.5M	—	as long as short
Variational Omni SYRUP	+0.0100%	4h	0.2296	−0.307%	$165K	$51K	—	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2294	−0.381%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0330% / S −0.1447%	1h	0.2292	−0.448%	$3K	—	50x	as long as short
Hyperliquid SYRUP	+0.1020%	1h	0.2299	−0.143%	$5.8M	$1.5M	3x	as long as short
Kraken Futures PF_SYRUPUSD	+0.1427%	1h	0.2297	−0.235%	$41K	$23K	10x	as long as short