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: Variational Omni against KuCoin−1.566%7-day average −0.088% · you buy dearer than you sell

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

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)+1.537%+$154 · spread now −1.566%, 7d avg −0.088%

Together, before fees+1.537%+ Points / potential airdropVariational Omni: Active · farm board+$154 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: Variational Omni is 1.478% cheaper against KuCoin than usual: you would sell low and buy high, −$148 on $10k if it goes back to its 7-day average of −0.088%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SYRUPUSDTM	0.2337	0.0100	pay 0.0050% / 4h	2h 29m	$2.0M	$107K	25x
Short	Variational Omni SYRUP	0.2301	0.0100	get 0.0050% / 4h	2h 29m	$165K	$48K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. 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 KuCoinbpFee Variational OmnibpOrdersPrice spread, now −1.566%Rate

Funding earned: $0
Price spread: −1.566% → −0.088%: −$147.85
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$159.85
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 2 min ago; Variational Omni: RFQ quote, 59 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 KuCoin live order book, 2 min ago	58.16 bp	475.3 bp −$475	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 59 min ago	6.43 bp	doesn't fit	177.9 bp −$1,779	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
Lighter SYRUP	+0.0096%	1h	0.2337	−0.017%	$212K	$225K	5x	as long as short
Aster SYRUPUSDT	+0.0100%	4h	0.2329	−0.372%	$11K	$60K	10x	as long as short
Binance SYRUPUSDT	+0.0100%	4h	0.2330	−0.308%	$9.8M	$6.3M	25x	as long as short
Bybit SYRUPUSDT	+0.0100%	4h	0.2332	−0.240%	$2.4M	$1.8M	25x	as long as short
OKX SYRUP-USDT-SWAP	+0.0100%	4h	0.2333	−0.188%	$1.2M	$988K	20x	as long as short
Gate SYRUP_USDT	+0.0100%	8h	0.2330	−0.304%	$436K	$66K	25x	as long as short
MEXC SYRUP_USDT	+0.0100%	4h	0.2330	−0.317%	$3.2M	$566K	100x	as long as short
KuCoin SYRUPUSDTMlong	+0.0100%	4h	0.2337	long leg	$2.0M	$107K	25x
Bitget SYRUPUSDT	+0.0100%	4h	0.2333	−0.188%	$700K	$424K	20x	as long as short
BingX SYRUP-USDT	+0.0100%	4h	0.2331	−0.270%	—	$6.6M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SYRUPshort	+0.0100%	4h	0.2301	−1.566%	$165K	$48K	—
BloFin SYRUP-USDT	+0.0109%	4h	0.2298	−1.669%	$467K	$132K	50x	as long as short
Reya SYRUPRUSDPERP	+0.0149%	1h	0.2333	−0.189%	—	—	5x	as long as short
GMX SYRUP/USD [ETH-USDC]	L +0.0333% / S −0.1447%	1h	0.2330	−0.319%	$3K	—	50x	as long as short
Kraken Futures PF_SYRUPUSD	+0.0965%	1h	0.2340	+0.108%	$42K	$24K	10x	as long as short
Hyperliquid SYRUP	+0.1289%	1h	0.2340	+0.124%	$5.9M	$1.4M	3x	as long as short